The Carbon Trust has signed a groundbreaking agreement in offshore wind with five international energy companies: DONG Energy (Denmark), Airtricity Developments (UK), RWE Innogy (Germany), ScottishPower Renewables (UK) and StatoilHydro (Norway).
The cost of curbing even just carbon dioxide (CO) emissions will inflate by billions of dollars if 10,000 carbon capture and storage (CCS) projects are not in place worldwide by 2050, the International Energy Agency (IEA) claims.
StatoilHydro's latest appraisal of its North Sea Dagny discovery on block 15/5 indicates that the field holds reserves in the range 130-170million barrels oil equivalent.
Aberdeen company Nautronix is shipping £4million ($7million) worth of its equipment to the US Gulf of Mexico to provide subsea acoustic positioning services to Brazilian company Petrobras, which is opening up the Cascade and Chinook fields as a co-ordinated development.
AMEC went back to school to win top honours at the Offshore Contractors' Association (OCA) awards in Aberdeen last night.
The boss of Abu Dhabi national energy company TAQA said yesterday that its strategic plan remained unaffected by recent events in financial markets.
OIL giant Royal Dutch Shell yesterday joined the profits bonanza from record prices with a 71% jump in third-quarter earnings.
A new scheduled transatlantic shipping connection between Aberdeen and the Gulf of Mexico will deliver its first cargo of oilfield equipment to the north-east port this weekend.
Aberdeen mechanical service company EnerMech yesterday announced its third acquisition in less than a month.
There will be significant knock-on effects for the oil and gas business on the UK continental shelf (UKCS) if problems in financial markets persist, an industry expert said today.
Canadian energy group Nexen yesterday announced a further delay to first output from the Ettrick field development in the North Sea.
OIL giant Royal Dutch Shell has named Peter Voser as its next chief executive.
ABERDEEN-BASED oilfield technology company Brinker is forecasting a big surge in turnover and staff numbers in the next three years.
All eyes will now be on Shell and ExxonMobil, which will announce huge third-quarter profits tomorrow.
NOV Elmar UK yesterday announced contract wins of £10million in the latest quarter.
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.
Oil giant BP sparked anger yesterday after posting its biggest quarterly profits haul of $10billion (£6.4bn).
THE UK Government was told yesterday it must urgently provide a targeted boost to investment in the country's oil and gas basin.
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.
Directors at international energy service provider Wood Group continue to show confidence in its future prospects by buying more shares in the business.
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.
North Sea company Revus Energy is being sold for more than £480million.
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).
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.
Oil and gas explorer Ramco announced yesterday further details of its strategy for diversification into renewable energy.