SSE and port operator to be power partners
Forth Ports and Scottish and Southern Energy (SSE) said yesterday they were to develop renewable-energy projects around Forth Ports sites in Scotland and England.
Oil & Gas
ScottishPower team has eye on £100m UK CCS prize
A consortium led by ScottishPower has qualified as an entrant in the UK Government's competition to develop Britain's first commercial scale carbon-capture and storage (CCS) project.
Consultancy is bought for £20m
Well management company AGR Petroleum Services has bought Aberdeen's TRACS International Consultancy in a deal worth £20million.
Scots MPs pile pressure on Treasury to cool fuel costs
Treasury ministers face renewed pressure in the Commons to take action to cool soaring fuel prices.
Six-figure win for Aberdeen software specialist
ABERDEEN-BASED software, training and consultancy specialist Monitor announced a contract win yesterday for the oil industry worth a six-figure sum.
Moth find pleases operator
Oil and gas operator Oilexco has announced a "significant" discovery in UK waters.
Energy stocks help to keep blue chips in the black
OIL prices reached a new record high yesterday before falling back as the London market ended a volatile session in positive territory.
Legal move to delay Expro sale rejected
LEGAL moves to delay the buyout of oil and gas service company Expro International by a private-equity consortium were rejected yesterday, leaving rival bidder Halliburton out of the running.
Rising oil prices biggest inflation risk, says bank chief
Bank of England rate setters said yesterday that a further rise in oil prices posed the biggest threat to efforts to bring runaway inflation under control.
Simmons says market forces driving crude to record highs
The chairman of energy investment-banking firm Simmons and Company International has predicted that oil prices could double or more within a few years.
Cape workers may down tools in North Sea
Several hundred employees of oil service firm Cape could soon take unofficial industrial action, a North Sea union leader said last night.
All-Energy event scoops runner-up accolade
ABERDEEN'S All-Energy show, the UK's largest renewable-energy exhibition and conference, has been awarded runner-up spot in the Advocate Award at the British Renewable Energy Awards.
BG has £6.7bn offer in pipeline for Origin shareholders
Gas explorer BG Group turned up the heat on Australia's Origin yesterday by announcing plans to make an improved £6.7billion offer direct to shareholders.
Ex-Paladin boss new TSMarine chairman
ABERDEEN-BASED TSMarine (Contracting) has named Roy Franklin as its first non-executive chairman.
Dana secures rigs to drill Rinnes area
Dana Petroleum, the Aberdeen-based oil and gas operator, said yesterday it had secured semisubmersible rigs to drill a further two exploration wells in the same area as its recent significant oil discoveries at West Rinnes and East Rinnes, north-east of Shetland.
SNP fires new broadside over petrol prices
The SNP last night seized on an AA survey to show drivers are increasingly holding the UK government responsible for sky high fuel prices.
Offshore cardiac diagnosis saves lives
TELEMEDICAL electro-cardiongram (ECG) monitoring from Broomwell Healthwatch has cut the cost of healthcare for the North Sea oil and gas industry, improved patient care and helped save lives, by providing offshore cardiac diagnosis for the industry's oil and gas rig workers.
AGR Petroleum Services urges operators to be drill-ready
AGR Petroleum Services, the oil and gas well management company, has urged smaller, independent operators to be "drill-ready" if they are going to compete with larger rivals in the North Sea.
Brown bids to win cut in sky-high oil prices
Gordon Brown last night raised hopes of a fall in oil prices when he said major oil producing countries had agreed for the first time that they are too high.
Salmond steps up oil fund pressure
FIRST Minister Alex Salmond yesterday stepped up the pressure on Westminster to set up a Scottish oil fund.
Pay for nuclear power plea
Oil-rich states should use the trillions of dollars they are making from soaring prices to finance new nuclear power plants in Britain, Gordon Brown said yesterday.
Concern that rig oil pollution may be spreading up north-east river
Fears were raised last night that oil particles washed ashore at a north-east beach were spreading up a prominent river.
Ambassador gets to know north-east
THE new Kazakh ambassador to the UK, Kairat Abusseitov, was in Aberdeen yesterday to meet local business people and politicians on his first official visit to the north-east and first trip to the UK since taking up his post in London last month.
US firm makes offer for Ithaca
Endeavour International, the US oil and gas operator which focuses on the North Sea, has offered to buy Canadian company Ithaca Energy, also with a UK continental shelf focus, in a cash and share deal worth close to £180million.
Row after report claims oil would put Scotland in black
A political row erupted yesterday after official figures showed Scotland would have a budget surplus of more than £800million if it had a "geographical share" of North Sea oil revenues.