People ‘company’s best asset’
Former roustabout Euan Morrison is on the crest of a career wave at the age of just 37.
Oil & Gas
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.
Economist reckons oil will return to $80 with global growth
Oil prices will not fall much lower and will rebound to $80 a barrel by 2011 as a recovery in the world economy begins by the end of next year, according to Deutsche Bank's chief energy economist.
Tullow shares surge on African well successes
TULLOW Oil saw its London-listed shares jump more than 20% to 596.5p yesterday after it reported successful drilling results from the Hyedua-2 appraisal well on the Jubilee field offshore Ghana and the Kingfisher-3 appraisal well in Uganda.
Rationalisation among North Sea minnows ‘on the way’
A long-overdue rationalisation among the smaller oil and gas firms in the North Sea is on the way, according to an industry expert.
Bowleven investors back move to issue new shares
BOWLEVEN, the Scottish oil and gas company which focuses on Africa, said yesterday it had numerous attractive investment oppor-tunities in its portfolio.
Asset-integrity excellence going global
A SPECIALIST in corrosion, integrity and inspection has launched an online centre of excellence for the oil and gas industry.
North Sea operator aims to boost output by 10%
OIL and gas company Nexen, whose principal production area is in the UK North Sea through its operated Buzzard field, said yesterday it expected to increase worldwide output in 2009 by about 10% year-on-year.
Shell believes in Fifth Dimension’s magic
ABERDEEN-BASED presenters and magicians Fifth Dimension have landed a contract worth a five-figure sum with a major oil company.
Aberdeen software specialist upgrades Wood setup
ABERDEEN-BASED software, training and consultancy specialist Monitor said yesterday it had completed a £500,000 project for Wood Group Engineering (North Sea).
Louden returns to take helm at Read Well Services
READ Well Services has appointed Fraser Louden as its managing director.
Government to commission studies into future of North Sea
Energy Minister Mike O'Brien announced yesterday that the UK Government would spend more than £5million over three years on studies on the future of the North Sea oil and gas industry.
Doug driving growth in the North Sea
Tesco Corporation crossed the Atlantic to Aberdeen in 2006 after recognising the European market potential for its drilling technology.
Agreement on Iraq joint venture boosts shares in Ramco
Shares in Aberdeen group Ramco Energy soared by more than 40% at one stage yesterday after it confirmed that plans for a joint venture in Iraq had just one hurdle left to jump.
Operator announces Stamford gas start-up
VENTURE Production, of Aberdeen, said yesterday that it had brought the Stamford gas field into production.
Aberdeen firm wins Faroese acreage
FAROE Petroleum, the Aberdeen-based oil and gas operator, is among five companies awarded exploration licences in the Faroese third licensing round.
North Sea oil firm could be sold
Canadian oil exploration firm Oilexco could be sold, it emerged yesterday.
Could multinational measures give green technology a boost next year?
Fears are growing over the outlook for the environmental technology sector in the face of the global economic slowdown, rising unemployment, and big falls in commodity prices.
Oil could drop to $25 a barrel
Oil prices are likely to keep falling until well into next year and could drop as low as $25 a barrel before recovering, according to a research report from US investment bank Merrill Lynch.
North and north-east dominate awards
NORTH-EAST and Highlands and Islands firms and projects have dominated this year's Green Energy Awards, which are organised by the green energy trade body Scottish Renewables, with winners announced last night in Edinburgh.