Talisman plans to spend £418m on North Sea projects
Talisman Energy said yesterday it had decelerated its spending on some projects in the UK North Sea to take advantage of a slowdown in the contracting environment.
Oil & Gas
Gas deal is deadlocked by new row
A deal to get gas flowing again across the European Union was deadlocked last night in a new war of words between Russia and Ukraine.
Hydrasun eyeing another deal as plans for new HQ take shape
Aberdeen company Hydrasun is planning its third acquisition in less than a year, it emerged yesterday.
Chevron boss says world must be realistic about renewables
The Scot who is vice-chairman of US energy major Chevron said in Aberdeen last night that he hoped renewable-energy sources could make great progress in coming years.
Well shows good reservoir at Jubilee
TULLOW Oil said yesterday the Hyedua-2 well drilled to appraise the Jubilee field offshore Ghana had flowed at a stable rate of 16,750 barrels of oil per day (bpd), plus 21million cubic feet of associated gas per day.
Hallin sets up robotics arm in UK
HALLIN Marine, the AIM-listed subsea service provider to the oil and gas industry, said yesterday it had formed a new robotics company and expanded the boards of its two main operating divisions in Aberdeen and Singapore.
Troubled ONS stripped of Huntington operatorship
Norwegian Energy Company, (Noreco), said yesterday the non-operating partners of the Huntington field in the UK had unanimously decided to remove Oilexco North Sea (ONS) as operator of the licence.
Oil services company jobs at risk in north-east
MORE than 100 north-east jobs are at risk at international oil services company Baker Hughes Inteq.
British hostages ‘alive and well’ despite four-month ordeal
Two Britons who have been held hostage for four months are "alive and well" but will not be released until the leader of Nigeria's main militant group is freed, the organisation said yesterday.
Paving the way for geological collaboration
AN EVENT on the global challenge of maximising oil and gas recovery in ancient river sediments began in Aberdeen yesterday.
Aberdeen firm completes first phase of £5m Invergordon base upgrade
RBG, of Aberdeen, said yesterday it had completed the first phase in a planned £5million expansion of its Invergordon base.
Another oil service firm may cut jobs
International oil service company Baker Hughes INTEQ is expected to make an announcement today on possible job losses.
ATR sale signals Hydrasun alliance
ATR Group of Aberdeen today announced the sale of one of its businesses.
BP finalises agreement over structure of Russian venture
OIL major BP said yesterday it had finalised the revision of the shareholder agreement with its Russian joint-venture partners in Russia's third-largest oil company TNK-BP.
North-east job cuts not ruled out by Schlumberger
The world's largest oilfield service provider, Schlumberger, might cut employee numbers in the north-east, it emerged yesterday.
Massive Merpro shipment sets sail
MONTROSE oil and gas technology manufacturer Merpro has shipped out a consignment of produced-water hydrocyclone modules to Abu Dhabi.
Russian-Ukraine gas dispute stalemate
Europeans left freezing and in the dark saw their hopes for an end to the Russia-Ukraine gas dispute sink after officials failed to reach a deal which would restore power to millions of homes.
IT firm lands three-year contract with Total
ABERDEEN-BASED IT specialist Sword Pragma has landed a three-year contract with Total E&P UK, with options to extend for a further two years.
Scots engineer ups profit forecast after end-of-year boost
Scottish engineer Weir Group said yesterday it was increasing its full-year profit forecast again after performing well in the fourth quarter and enjoying positive currency effects, notably from the strengthening US dollar against the pound.
Huntington oil development ‘to go ahead as planned’
Development of the Huntington oil discovery will go ahead as planned despite its operator, Oilexco North Sea (ONS), going into administration this week.
Minister opening Subsea 09 show
Scottish Secretary Jim Murphy will welcome subsea industry leaders and delegates when Subsea 09 opens in Aberdeen next month.
End in sight to crisis as Russia pledges to restore gas supplies
An end to the gas supply crisis in Europe appeared to be close last night after Russia vowed to restore full services once observers are in place to check flows through Ukraine.
Russia closes taps on gas to Europe
Russia shut off all gas supplies to Europe through Ukraine yesterday, leaving tens of thousands of people in more than a dozen countries without heat during a winter cold snap.
Faroe to take part in Norway drill campaign
FAROE Petroleum, the Aberdeen-based oil and gas company, said yesterday it was planning to participate in three near-term wells in Norwegian waters, in each of which the company has a 10% interest.
‘Business as usual’ as buyer for North Sea firm is sought
Ernst and Young was appointed yesterday as administrator for oil and gas company Oilexco North Sea (ONS).