Seeps suggest ‘jumbo reserves’ off Kenya
INTEREST offshore Kenya is set to revive thanks to Origin Energy finding evidence of natural oil seepage from the sea floor which lines up with "very large" structures identified from seismic surveys.
Oil & Gas
Red Spider moves to new HQ
Red Spider has moved to a new purpose-completed headquarters eight times bigger than its first home and four times larger than the last premises at Westhill, outside Aberdeen.
Get smart about employee benefits
People are both a major asset and cost of business. In today's climate, the oil&gas industry is facing a skills shortage, making recruitment one of the biggest challenges to overcome.
Dublin government extends licensing to north-west Rockall Basin
IRELAND has decided to extend the area to be opened for licensing in the 2009 Rockall Round to include the north-western margin of the Rockall Basin.
USGS signals Arctic bonanza
Vast petroleum reserves lie north of the Arctic Circle, according to the US Geological Survey - more than 400billion barrels oil equivalent of potentially recoverable oil, natural gas and liquids. And most of it seems to lie offshore.
Big UK gas project in prospect
Drilling is about to start on the Southern North Sea East Breagh prospect which, if successful, could clear the way for the largest UK Continental Shelf dry gas development for years.
Majors see marked rise in profits as prices soar
Oil companies Total, Chevron and StatoilHydro all showed the benefit of soaring oil and gas prices as they reported significantly higher second-quarter profits yesterday.
Co-operative plan to bulk buy heating oil at a discount
TWO north-east men are looking to set up a community group to buy domestic heating fuel direct from suppliers to ease the impact of escalating energy prices.
More call for windfall tax on oil companies
The oil industry's profits bonanza continued yesterday after surging prices helped Royal Dutch Shell to a surplus of almost £8billion for six months' trading.
Gas dividend increase sparks rage
British Gas parent Centrica added fuel to the flames over record price rises yesterday after announcing a £144.6million dividend payout for its shareholders.
Middle East deal lucrative for Wood
GLOBAL energy service company Wood Group, of Aberdeen, has announced a potentially lucrative Middle East joint venture.
Flood of demand for Scots diving centre
A SCOTTISH commercial diving centre reported yesterday that it continued to work at full capacity to train students.
Lives at risk fears as gas bills rocket 35%
Scots are bracing themselves for tough times ahead as the UK's biggest domestic energy supplier last night announced a price increase of 35%.
Energy giant announces bumper profits as petrol prices rocket
Rocketing oil and gas prices helped BP to bumper profits yesterday as motorists continue to feel the pain at the petrol pumps.
It takes buckets o’ cash to fuel a fishing boat
IT SEEMS that one of Scotland's best-known bucket-based philosophers is backing the country's beleaguered fishing fleets.
Taking Senergy to global stage
Words inscribed on the boardroom table at the offices of Senergy in Aberdeen offer an insight into one of the passions of the energy service firm's boss.
Westhill headcount to climb after African award
Subsea 7 said yesterday it expected over time to recruit about additional 100 workers following a new contract win in Africa, with about one-third of them to be located at Westhill, near Aberdeen.
MSP hails group’s North Sea investment
SCOMI Oiltools (Europe) revealed a £10million investment in its north-east business yesterday, including a drilling-fluid division, which will complement its waste-management and cuttings-processing business.
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.
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.