Marsvin blow wipes £20m off value of Aberdeen firm
Aberdeen-based oil and gas company Faroe Petroleum saw its shares slump yesterday.
Oil & Gas
Group makes grade in health and safety
ABERDEEN-BASED Hydrasun has received a health and safety accreditation.
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.
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.
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.
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.
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.
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.
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.
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.
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.
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.
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.
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.
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.
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.
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.
Champion of innovation
It is not easy being the boss of a key business in the oil and gas industry.
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.
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.