PSN buoyed by year of positive growth
THE boss of international oil and gas service contractor PSN said yesterday that it remained cautiously optimistic for the year ahead.
Oil & Gas
Centrica expands North Sea gas assets
ATTEMPTS by gas firm Centrica to reduce its exposure to volatile wholesale prices continued yesterday with a £22million UK North Sea acquisition.
Dominion to open gas plant in Ghana
ABERDEEN-BASED oilfield service company Dominion Gas is opening a new gas plant in Ghana, west Africa, and an office in Perth, Australia.
Green light for thousands of wind turbines off UK shores
Environmental experts have given the green light to a massive expansion of offshore windfarms and continued development of North Sea oil and gas reserves.
Scotland has new ally for exporting power
SCOTLAND must be able to export electricity generated from renewable sources if the Continent is to achieve long-term energy goals, according to a senior European Commission official.
Halliburton hails strong final quarter
US ENERGY service giants Halliburton and Weatherford posted fourth-quarter results yesterday.
Financial fillip for Plexus as new credit line agreed
OIL and gas engineering service business Plexus Holdings said yesterday it had secured a 25% increase in its banking facilities.
Oil service giants warn jobs will be axed in north-east and North Sea
Two oil service giants employing thousands of people in the Aberdeen area said yesterday that jobs will go as the worldwide economic slump began to take its toll on the energy industry.
PI joining project-management giant in multimillion-pound deal
An Aberdeen-based engineering consultancy is being bought by international engineering and project-management company AMEC for up to £19million.
Petrofac wins £1.68bn contract in the Middle East
International oil and gas facilities service provider Petrofac said yesterday it had won a £1.68billion contract in the Middle East.
Subsea awards shortlist revealed
THE shortlist for the British subsea industry's awards has been revealed.
Poyry promotes trio to new directorships
GLOBAL energy consultancy Poyry has strengthened its Aberdeen team with three senior promotions to board level as it drives forward its expansion plans for North Sea activity.
Oilfield service giant’s profits tumble
INTERNATIONAL energy service giant Schlumberger said yesterday it would emerge from the economic downturn a stronger company, better positioned to participate in the anticipated upturn.
Meeting industry training challenge
The UK oil and gas industry formally opened the new headquarters of its £1.5million skill academy in the north-east yesterday.
North Sea contractors facing a 10% pay cut
More than 1,000 North Sea contractors will see their pay cut by an average of 10% as oil companies feel the impact of lower crude prices.
Successful well tests boost plans for gas field
Faroe Petroleum said yesterday a well and sidetrack well on the Breagh gas discovery in southern North Sea block 42/13 had been tested successfully.
US major makes find off coast of Rio
ExxonMobil says it has discovered oil in deep water off Rio de Janeiro, near massive fields that could hold as much as 80billion barrels, it was reported yesterday.
Hopes dashed of early start to far north oil industry
Hopes of an early start to what would be the first commercial oil operation in Caithness have been dashed.
Big chunk of firm’s stock loan security
Sovereign Oilfield Group, of Aberdeen, said yesterday that its chief executive, Graham Burgess, and deputy chairman, Peter Felter, had pledged their total stakes in the firm as security against loans.
MPs to launch probe into plight of North Sea oil sector
MPs have launched an inquiry into the state of the North Sea oil and gas industry in an attempt to underline the continuing need for government support.
Endeavour hopes to fast-track plan to develop Rochelle
ENDEAVOUR International said yesterday it had drilled an appraisal well on the undeveloped Rochelle discovery in block 15/27 in the outer Moray Firth.
Tullow raises £402m for African projects
Tullow Oil, which has had a string of exploration successes in Africa, said yesterday it had successfully concluded a share placing with new and existing institutional investors to raise £402million.
Reflex takes bull by horns over safe crew transfer
MARINE personnel-transfer specialist Reflex Marine, of Aberdeen, launched its latest system for the offshore sector yesterday.
Russian gas starts flowing into Europe
Russian natural gas began flowing into Europe yesterday after a nearly two-week cut-off that left large parts of the continent shivering.
Steminic snaps up rival’s UK arm
ENVIRONMENTAL service group Steminic has acquired the UK business and assets of north-east rival ITS Drilling Services in a deal worth about £1million.