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.
North Sea company Revus Energy is being sold for more than £480million.
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.
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.
Aberdeen-based oil and gas company Faroe Petroleum saw its shares slump yesterday.
ABERDEEN-BASED Hydrasun has received a health and safety accreditation.
Norwegian oil and gas engineering and construction group Aker Solutions said yesterday that rising costs and rig delays hit its third-quarter profits.
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.
OILFIELD technology company Baker Hughes said yesterday its long-term outlook remained favourable, but the near-term forecast had become less certain.
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.
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.
Two oilfield service companies with a substantial presence in the north-east have pulled out of a possible merger.
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.
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.
An energy industry leader has stressed there are more than enough oil and gas resources in the world to meet future demand.
NORTH-EAST specialist well, process and pipeline service company Qserv has appointed David Bowman to the new role of international operations director.
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 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.
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.
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.
International engineering and project-management company AMEC has landed significant work to help to extend the life of the Forties field.
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.