A team of University of Aberdeen students are aiming to take on multinationals Halliburton and Schlumberger on at their own game by using open source software to create new low-cost reservoir modelling for industry.
Research that will support decommissioning by exploring approaches to the recovery of subsea structures is to be carried out by the University of Dundee on behalf of Xodus, with support from the Oil & Gas Innovation Centre (OGIC).
The oil and gas industry could save itself millions of pounds by migrating IT services to the cloud - and the TalkTalk factor may have helped focus the minds of senior executives about just how safe their own systems are from cyber attack.
Statoil's head of asset management for Renewables said the lower oil price is both a "challenge and opportunity" for the industry to move into other growth areas.
Tidal power specialist Atlantis Resources has returned two Agreements for Lease (AFLs) to The Crown Estate, following a strategic internal review of the company’s portfolio of tidal energy projects.
Aberdeen well intervention specialist READ Cased Hole has launched a new time saving technology which it claims can save operators more than a day compared with other logging solutions.
Scottish drone technology company Cyberhawk Innovations is poised for further expansion and diversification after a £2million funding package from Clydesdale and Yorkshire Banks.
Statoil has awarded UK-based Balfour Beatty a £5.5million contract to deliver the onshore cable and substation system for its £180million floating wind farm project offshore Peterhead.
More than 100 new jobs will be created at Lowestoft by the marine service company which won the £25million contract to support construction of the Galloper offshore wind farm.
Renewables firm Albion Community Power (ACP) said yesterday it had committed nearly £5million to the development of two new hydropower schemes in the Highlands.
ReNew Power Ventures Pvt., the Indian clean- energy company backed by Goldman Sachs Group Inc, bested the competition at an auction on Thursday that awarded rights to build 1.2 gigawatts of solar projects in the eastern state of Jharkand.
Doubling the share of renewables in the global energy mix to 36% by 2030 could save the world economy up to $4.2trillion a year, according to new research by the international Renewable Energy agency (IRENA).