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.
Oil & Gas
Positive outlook boosts shares in Scots engineer
Shares in Scottish engineer Weir Group jumped yesterday after it lifted its full-year profit forecast.
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).
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.
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.
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.
Volunteers put energy into school revamp
PUPILS at an Aberdeen special-needs school have been enjoying lessons in newly refurbished surroundings this term.
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.
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.
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.
Fugro-Rovtech fleet’s got the lot
ROVs are used today on most semi-submersibles, jack-ups and drillships. They are used for many tasks on and around the seabed where a marine drilling rig is positioned.
Framo marks quarter century
FRAMO Engineering is marking 25 years as a market leader in enhanced recovery systems - a quarter of a century at the forefront of cutting-edge technology.
If you can’t beat them, join them
A group of US east coast fishermen have decided to carve out a stake in the offshore renewables race by building windfarms instead of opposing development proposals, as tends to be the wont of their UK counterparts.
Nuns on the run
AS I have said time and again, the impact of retirement is not limited to one or two isolated areas. It is an issue of demographics. Fair enough, there will be some more affected than others, but the spread is pretty broad.
The latest advance
AT A UKOOA (now Oil & Gas UK) business breakfast a couple of years ago, a speaker was heard describing this industry as being initiative rich but action poor. He was right, of course, and the chronologically gifted among Energy's readership will remember a number of bright ideas that have not been carried through to fruition.
Lots on offer in bounteous Brazil
I have just returned from the Rio Oil & Gas Conference, and as any visitor to Brazil will testify, it is hard not to get a little carried away with this fascinating country.
Powering forward – the future of Britain’s energy utilities
The Government has taken a bold lead of late in committing the UK to deep and challenging cuts to our carbon emissions.
‘Surf City’ HQ statement of ambition
Today, Taqa starts moving into its new UK headquarters at Aberdeen's "Surf City", a satellite town more correctly known as Westhill.
Five elements to newcomer’s North Sea strategy
KOOT: "We want big exposure to Northern North Sea assets. We feel there is a lot of oil to be developed. If you just look at the Triassic, there's 750mmb of oil to be tapped, so we're very much focused on drilling additional wells from the installations we're now involved in.
Prospects website’s energy pages in need of an overhaul
ENERGY has just visited Prospects, the UK's "official graduate careers" website to check out what it says about jobs in Britain's energy sector and has come away deeply concerned about the quality of information presented.
Perth-born Scott squares up to the challenges of the world of work
A recent participant in Shell's STEP programme has already been promoted to run a division of a coatings company that could save industry millions of pounds replacing old and worn equipment.
Test car with added H vroom
AS THE price of fuel for the parental taxi soars and concerns grow about the impact of car culture on the environment, a team of scientists from the University of Sunderland have come up with a hydrogen-powered car which they believe is a significant step forward in creating a mass-produced green machine.