Northern acquires Arctic rigs from drilling giant Transocean
Northern Offshore UK strengthened its position in the thriving North Sea drilling market yesterday with the £375million acquisition of two rigs.
Oil & Gas
Wave-energy expert testing PowerBuoy technology in Orkney
A COMPANY developing ocean-going buoys that convert wave energy into electricity will test its latest technology at Emec, the Orkney-based European Marine Energy Centre.
Report critical of oil shale plans
A DRIVE to extract oil from unconventional fossil fuel sources in the face of soaring prices could have catastrophic effects on the Earth's climate, a report warns today.
Public blame ministers for higher prices at the pumps
More than one in three people in the UK believe the UK Government is primarily responsible for high fuel prices, a new poll has shown.
MP wins protection for rural customers who rely on oil
A SCOTS MP has secured heavyweight backing for his call for better protection for rural families who are forced to rely on deliveries of oil or gas for heating.
Stranded oil workers back in Aberdeen
A GROUP of north-east oil workers who were stranded on a rig in a remote area north of Russia were reunited with their loved ones last night after arriving back in Aberdeen.
North Sea bomb scare case dropped
A woman who was charged with sparking the largest security scare in the history of the North Sea will face no further action, the procurator fiscal's office confirmed yesterday.
Eclipse joins Petrofac team
INTERNATIONAL oil and gas facility service provider Petrofac has snapped up Eclipse Petroleum Technology, which has offices in Aberdeen, London, Stavanger, Houston and Dubai, in a deal potentially worth £16million.
Oil and gas bonanza lies north of Arctic Circle
AROUND 90billion barrels of oil and a third of the world's undiscovered natural gas lie beneath an area north of the Arctic Circle, according to a new survey.
Wood starts work on gas plant
WOOD Group Engineering (North Sea) has started work on a contract in Shetland which could be worth up to £60million and which has created 140 jobs.
Big uplift in income at operator BG
Oil and gas operator BG Group revealed yesterday that pre-tax profits for the past quarter had nearly doubled to more than £1.3billion.
Aberdeen arm lifted by buoyant North Sea
BUREAU Veritas, the international verification, certification and integrity-management specialist, expects further strong growth at its Aberdeen operation on the back of buoyant times in the UK North Sea.
Former PSL boss buying into Caltec success story
A FORMER boss of PSL Energy Services at Portlethen has taken up a senior role with Caltec.
Windfarm hook-up award for Subocean
ABERDEEN-BASED subsea installation company Subocean announced a £7million deal yesterday.
Ramco surges on Iraq venture hopes
Shares in Ramco Energy jumped nearly 60% higher yesterday on hopes of winning business in Iraq.
New hope for marooned workers on remote rig
AROUND 40 employees of an Aberdeen-based oil and gas drilling company were last night still stuck on a rig off the coast of northern Russia.
Gas firm pumps millions into business
ABERDEEN oilfield service company Dominion Gas said yesterday that it had just completed a further £4million investment in the business to help growth.
Offshore activity helping to keep Subsea 7 busy globally
OFFSHORE engineering group Subsea 7 said yesterday that activity levels in the North Sea remained high in the second quarter of 2008.
Angry workers stranded on rig
Nearly 40 employees of an Aberdeen-based oil and gas drilling company are stranded on a rig in a remote area to the north of Russia.
New firm to target stranded assets
Three former employees of Enterprise Oil have set up their own company to acquire and develop oil and gas properties in the North Sea and northern Europe.
‘Time running out’ for marine solutions
MARINE energy has a vast potential to contribute eco-friendly energy, but has only 10 years to prove itself as a viable technology or risk being eclipsed by other energy sources.
£35m win for Subsea 7
SUBSEA 7, the underwater engineering and construction company, said yesterday it had been awarded an engineering, procurement, installation and commissioning contract valued at about £35million by Centrica.
Tests on Moth yield positive results – Oilexco
Oil and gas operator Oilexco said yesterday it had successfully flow-tested gas condensate at significant rates from its Moth discovery in the UK North Sea.
Swellfix set to grow after HQ gets revamp
Oil services company Swellfix said yesterday it was poised for further strong growth after ploughing around £250,000 into its Aberdeen headquarters.
Ettrick to be on stream later in year
Canadian energy group Nexen expects first production from the Ettrick field development in the North Sea to start in the last quarter of this year.