Dana successful in Norwegian licensing round
Dana Petroleum, the Aberdeen-based oil and gas operator, said yesterday that its Dana Petroleum Norway subsidiary had been awarded interests in eight Norwegian offshore blocks.
Oil & Gas
US sector bearing brunt of downturn
AMERICA has seen its position as the most attractive destination for investment in renewable energy nosedive, helping Germany to move to joint first place.
Cairn makes discovery near Raageshwari field
CAIRN India, 65%-owned by Scottish oil and gas operator Cairn Energy, said yesterday it had made another oil and gas discovery in Rajasthan, north-west India, adjacent to its Raageshwari field, which has an approved field-development plan.
Oilexco sets up City data room to aid bidders
CANADIAN oil exploration firm Oilexco has opened a data room in London for potential buyers of some of its assets or even the whole company.
French giant agrees to sell two UK power plants
British Energy (BE) buyer EDF said yesterday it would sell two power stations as part of a deal to gain European approval for its £12.5billion takeover.
Norwegian licence wins for Aberdeen firm
Faroe Petroleum said yesterday it had been awarded three new exploration licences under the latest Norwegian government licensing round.
Peterson appoints offshore safety expert
LOGISTICS company Peterson SBS has named John Fraser as group director of health, safety, environment and quality (HSEQ).
Trouble in pipeline for oil minnows
Next year is expected to bring another period of uncertainty for smaller oil and gas firms operating in the UK North Sea.
Focus on how to fulfil North Sea’s potential
Europe's biggest subsea event, the Subsea '09 conference and exhibition, will focus firmly on protecting investment, innovation and cross-industry collaboration in helping to exploit the potential of the UK Continental Shelf.
Company underlines commitment to UK
NORWEGIAN subsea technology company Framo Engineering has relocated its Aberdeen office to St Swithin Row from Willowbank Road.
Hunting expects customers to cut budgets
Energy service provider Hunting said yesterday that oil and gas company capital spending was expected to decline in 2009, as a result of both commodity price decreases and global financial market conditions.
Subsea 7 announces deal with TAQA
ENGINEERING and construction company Subsea 7 announced a multimillion-pound deal yesterday with the UK-based arm of Abu Dhabi national energy company TAQA.
£65m earmarked for harbour projects
ABERDEEN Harbour Board has approved a £65million capital spending and exceptional maintenance budget over the next five years as part of plans to sustain and develop activity at the port.
OHM needs urgent cash injection to survive
Aberdeen-based Offshore Hydrocarbon Mapping, which specialises in controlled-source electromagnetic imaging surveys to find oil and gas, has warned investors over its future.
Petrofac could take advantage of opportunities in market
The boss of international oil and gas facility-service provider Petrofac said yesterday it was well positioned to take advantage of opportunities.
Aker wins Tupi field contract
AKER Solutions said yesterday it had been awarded a contract worth almost £42million by Brazil's national oil company, Petrobras, to supply the first set of subsea trees - including control systems and related equipment - for the Tupi field development off Brazil.
Marathon agrees Irish deal with Star
Marathon Oil said yesterday it had agreed to sell its wholly owned subsidiary Marathon Oil Ireland to Star Energy, which is owned by Malaysian national oil company Petronas, for about £118million.
UK marine-energy surge forecast
A NEW study published by energy business analyst Douglas-Westwood forecasts that 86 megawatts (MW) of wave and tidal-current-stream capacity will be installed worldwide from 2009 to 2013, with the UK expected to be the biggest market.
Oilexco secures short-term funding package
Oilexco said yesterday it had agreed new bridging finance of up to £31.25million with the Royal Bank of Scotland and the company's banking syndicate.
Traders react coolly to record oil export cut
Oil ministers of the 12 members of the Organisation of Petroleum Exporting Countries agreed yesterday on an expected sharp cut in their supplies.
Wood says it will be strong despite weaker markets
INTERNATIONAL energy service company Wood Group expects to avoid the worst of any impact on the oil and gas industry caused by global recession and lower oil prices.
Calls for energy firms to slash unfair prices now
Energy regulator Ofgem yesterday called for speedier action from suppliers to slash unfair pricing from energy bills.
Oil falls on fears for US economy
US CRUDE oil futures settled 2% lower yesterday on concerns about the American economy after the Federal Reserve cut its target for overnight interest rates.
‘Oscar’ honours for oil sector’s top achievers
Leading lights of Scotland's oil and gas industry will be honoured in the Scottish Offshore Achievement Awards 2009.
Univation hosts Chinese trainees
UNIVATION, the commercial arm of the Robert Gordon University, has hosted a visit to the north-east by a Chinese delegation.