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.
Oil & Gas
£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.
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.
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.
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.
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.
‘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.
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.
ESS duo bring offshore expertise to caterer Entier
TWO offshore catering experts have left ESS Support Services Worldwide in Aberdeen to become bosses at a new company.
Uganda find for Tullow and Heritage
OIL and gas operators Tullow Oil and Heritage Oil have reported a "significant" new oil discovery at an exploration well in Uganda, which they said was potentially the largest in the Butiaba area to date.
Encode arm targets £500,000 in first year
ESCAPE Business Technologies, an Aberdeen-based IT firm focused on the energy industry, has started a new division.
North-east firm ACE Winches reels in £2m order
A NORTH-EAST engineering firm announced a £2million contract win yesterday.
UK operator Apache under attack
Apache was accused yesterday of breaking ranks with other North Sea operators and refusing to comply with an agreement on paid leave and pay increases for contractor employees.
People ‘company’s best asset’
Former roustabout Euan Morrison is on the crest of a career wave at the age of just 37.
Pisys wins simulator support contract
SCOTTISH software business Pisys has landed a three-year deal to support Petrofac Training's global network of emergency-training simulators.
Hunting has spare cash after sale
HUNTING, the international energy service company, said yesterday it had completed the sale of North American subsidiary Gibson Energy.
Oil hostage’s family speak of relief at his release
THE family of a north-east oil worker taken hostage in Nigeria last month and released on Saturday have spoken of their relief.
PDC Systems moves to new site at Kintore
PDC Systems, which provides hazardous area electrical instrumentation for the international oil and gas and petrochemical industry, has moved to a new base at Kintore, near Aberdeen.
North-east oil worker freed by captors in Nigeria
A NORTH-EAST man taken hostage in Nigeria last month has been freed by his captors, the P&J can reveal.
Cetco looking to Libyan marketplace
CETCO Oilfield Services has its eye on expansion into Libya.