Aggreko powers ahead after profit hopes upgraded
Aggreko saw its shares rise strongly yesterday after it said its annual performance would exceed market expectations and pre-tax earnings would be at least 50% higher than last year.
Oil & Gas
Brown accused of downplaying offshore energy
Prime Minister Gordon Brown was accused last night of playing down the importance of the offshore oil and gas industry in his new Energy and Climate Change Department.
Anger as new drillship declared off limits to workers’ families
CREW members on a new drillship are furious after being told they and their families will not be allowed on board when company officials and other guests are given tours of the vessel at Nigg, in Easter Ross.
Plexus headcount boosted by sales and profit growth
Aberdeen-based oil and gas engineering business Plexus Holdings said yesterday that success had enabled it to increase its workforce in the past year by 25% to 74.
AMEC helping to extend life of Forties
International engineering and project-management company AMEC has landed significant work to help to extend the life of the Forties field.
Equalizer stands out in international trade
ABERDEEN company Equalizer International has won the Scottish regional award for achievement in international business in the British Chamber of Commerce Awards 2008.
Hundreds expected to attend subsea sector breakfast
More than 300 people are expected to attend Oil and Gas UK's next breakfast briefing in Aberdeen.
Champion of innovation
It is not easy being the boss of a key business in the oil and gas industry.
UK leads in low-carbon investment
THE UK is the European hotbed of investment and innovation in low-carbon technologies, attracting 41% of the total venture-capital and private-equity investment in low-carbon small and medium-sized enterprises in the EU, according to a new report.
Gas blast triggers St Fergus investigation
One of the world's biggest gas terminals was at the centre of an investigation last night after gas pumped in from the North Sea exploded in a laboratory.
Investor 3i predicts a new ‘dash for gas’
Private-equity investor 3i believes an increase in gas-fired power is the only way to prevent a shortfall in generation capacity within the next decade.
Time to go for BP’s North Sea boss
One of the leading figures in the North Sea oil and gas business is to stand down.
Offshore rescue vessel firm remains on course
VROON Offshore Services (VOS) says it is well placed to capitalise on its market position.
Positive outlook boosts shares in Scots engineer
Shares in Scottish engineer Weir Group jumped yesterday after it lifted its full-year profit forecast.
Nessco boosting headcount after contract wins
North-east oil and gas communications specialist Nessco said yesterday it was taking on more staff after landing contracts worth more than £6.3million.
Oil firm cuts production target for year
Canadian oil explorer Oilexco has cut its production target by nearly a quarter following delays at its UK North Sea operations.
Government quizzed over fund for tide and wave projects
THE pot of money set aside to support wave and tidal energy projects in Scotland has run dry, Labour claimed last night.
ESP arm opens base in Bogota
WOOD Group ESP, part of Aberdeen-based international energy service company John Wood Group, has opened a new service facility in Bogota, Colombia to overhaul, assemble and test electric submersible pumps (ESPs).
Wood Group benefiting from clients’ long-term investment
International energy service provider Wood Group said yesterday that demand for its services and products remained high, despite significant volatility in financial, commodity and currency markets.
Craig Group heading out west after 75 years at Aberdeen harbour
One of Aberdeen's best-known family businesses is moving to new headquarters in the city, it was revealed last night.
Venture adds to North Sea assets
Venture Production said yesterday it was to acquire additional interests in the Cygnus, Kepler, Copernicus and Humphrey gas discoveries plus interests in three exploration blocks.
Morrison wins contract to build Hydro HQ
SUBSEA technology firm Hydro Group, of Aberdeen, said yesterday it had awarded the contract for developing its new £4million-plus headquarters in the Granite City to Morrison Construction.
Volunteers put energy into school revamp
PUPILS at an Aberdeen special-needs school have been enjoying lessons in newly refurbished surroundings this term.
Wellhead expert Caledus sets up Middle East beachhead
Caledus, the Aberdeen-headquartered oil and gas well-technology company, has said it is entering the Middle East market by setting up an office and manufacturing base in Dubai.
Waste plant could bring jobs boost
A leading oil firm's plan to open a new waste treatment plant in the north-east could create scores of jobs.