First of three Awilco biggies launched
Yantai Raffles has successfully loaded out the first of three semi-submersible drilling rigs under construction for Awilco Offshore.
Oil & Gas
Offshore Wind Accelerator deal signed
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).
Carbon clock is ticking, warns agency
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 perseverance pays off
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.
Nautronix positions itself for big push with Petrobras
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.
Going back to school pays off for AMEC
AMEC went back to school to win top honours at the Offshore Contractors' Association (OCA) awards in Aberdeen last night.
TAQA North Sea strategy unchanged by recent events
The boss of Abu Dhabi national energy company TAQA said yesterday that its strategic plan remained unaffected by recent events in financial markets.
EnerMech adds third business to its portfolio this month
Aberdeen mechanical service company EnerMech yesterday announced its third acquisition in less than a month.
Shell announces huge profits jump despite fall in production
OIL giant Royal Dutch Shell yesterday joined the profits bonanza from record prices with a 71% jump in third-quarter earnings.
New transatlantic shipping service up and running
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.
Shell ends succession speculation
OIL giant Royal Dutch Shell has named Peter Voser as its next chief executive.
Further delay to start-up of North Sea development
Canadian energy group Nexen yesterday announced a further delay to first output from the Ettrick field development in the North Sea.
UKCS projects vulnerable to financial woes
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.
Aberdeen group on brink of major success
ABERDEEN-BASED oilfield technology company Brinker is forecasting a big surge in turnover and staff numbers in the next three years.
Shell and Exxon next in the spotlight
All eyes will now be on Shell and ExxonMobil, which will announce huge third-quarter profits tomorrow.
£10m wellhead equipment wins for Elmar
NOV Elmar UK yesterday announced contract wins of £10million in the latest quarter.
OHM sounding out potential buyout interest
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.
Anger as oil giant profits soar 148%
Oil giant BP sparked anger yesterday after posting its biggest quarterly profits haul of $10billion (£6.4bn).
Treasury urged to help boost oil recovery
THE UK Government was told yesterday it must urgently provide a targeted boost to investment in the country's oil and gas basin.
The ‘culinary disaster recovery expert’
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.
Wood directors raise stakes in energy service company
Directors at international energy service provider Wood Group continue to show confidence in its future prospects by buying more shares in the business.
German oil and gas group to snap up North Sea explorer
North Sea company Revus Energy is being sold for more than £480million.
North-east could suffer as oil price slumps to $60 a barrel
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.
Hurricane season hits production at Forties operator Apache
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).
BG may be on verge of Australian expansion
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.