Shell and Exxon next in the spotlight
All eyes will now be on Shell and ExxonMobil, which will announce huge third-quarter profits tomorrow.
Oil & Gas
£10m wellhead equipment wins for Elmar
NOV Elmar UK yesterday announced contract wins of £10million in the latest quarter.
OHM sounding out potential buyout interest
Aberdeen company Offshore Hydrocarbon Mapping (OHM) revealed yesterday it was in early stages of discussions which may lead to an offer being made for the firm.
Anger as oil giant profits soar 148%
Oil giant BP sparked anger yesterday after posting its biggest quarterly profits haul of $10billion (£6.4bn).
Treasury urged to help boost oil recovery
THE UK Government was told yesterday it must urgently provide a targeted boost to investment in the country's oil and gas basin.
The ‘culinary disaster recovery expert’
When the young Stuart MacBride decided he wanted to own a yacht, little did he know his future would involve plenty of work at sea, but none of it on a floating palace with his family name stencilled on the stern.
Wood directors raise stakes in energy service company
Directors at international energy service provider Wood Group continue to show confidence in its future prospects by buying more shares in the business.
North-east could suffer as oil price slumps to $60 a barrel
THERE were warnings last night that the gloss could be about to come off the north-east economy as the price of oil teetered below the $60-a-barrel mark.
German oil and gas group to snap up North Sea explorer
North Sea company Revus Energy is being sold for more than £480million.
Hurricane season hits production at Forties operator Apache
OIL and gas operator Apache has forecast its 2008 production will fall about 3% on last year because of hurricane disruptions in the Gulf of Mexico to an average 540,000-545,000 barrels of oil equivalent per day (boepd).
BG may be on verge of Australian expansion
OIL and gas firm BG Group is reportedly in talks to boost its stake in Australia's Queensland Gas in preparation for a full bid for the company.
Ramco forges ahead with its renewables strategy
Oil and gas explorer Ramco announced yesterday further details of its strategy for diversification into renewable energy.
Profits fall at Aker Solutions amid rig delays and rising costs
Norwegian oil and gas engineering and construction group Aker Solutions said yesterday that rising costs and rig delays hit its third-quarter profits.
Marsvin blow wipes £20m off value of Aberdeen firm
Aberdeen-based oil and gas company Faroe Petroleum saw its shares slump yesterday.
Group makes grade in health and safety
ABERDEEN-BASED Hydrasun has received a health and safety accreditation.
Quarterly profits soar at US oil major
Oil major ConocoPhillips has reported third-quarter net income of £3.05billion compared with £2.16billion a year earlier, while revenue was £41.17billion against £27.12billion a year ago.
Baker’s near-term view clouded by uncertainty
OILFIELD technology company Baker Hughes said yesterday its long-term outlook remained favourable, but the near-term forecast had become less certain.
Analyst upbeat on North Sea gas find
ONE of the companies analysing the results of UK North Sea exploration drilling has said a successful test on the East Breagh gas find could accelerate a major new development.
Subsea service pair decide to stick with independence
Two oilfield service companies with a substantial presence in the north-east have pulled out of a possible merger.
Firm working with next generation
STAFF at an Aberdeen firm have been doing their bit to give young people a better chance to achieve their potential and create more entrepreneurs and new businesses for Scotland.
Wood Group bosses boost stakes in Aberdeen firm
THE two top bosses at international energy service provider Wood Group have shown confidence in its future prospects by spending more than £3.5million to add to their shareholdings.
Fuel free-fall offers drivers respite – but many miss out
The price of petrol has dropped as low as 97.9p a litre after the UK's leading retailers announced another round of price cuts - but not all north and north-east communities are benefiting.
Capability is issue – not lack of oil and gas, says BP boss
An energy industry leader has stressed there are more than enough oil and gas resources in the world to meet future demand.
Oil minnow unfazed by recent dip in price of crude
Nautical Petroleum, which focuses on the development of heavy-oil assets in the UK and Europe, said yesterday it was not too concerned about falling oil prices, although heavy oil was typically more expensive to produce than conventional resources.
Bowman takes helm at overseas division
NORTH-EAST specialist well, process and pipeline service company Qserv has appointed David Bowman to the new role of international operations director.