DESIRE Petroleum, the UK-listed oil and gas explorer which focuses on the South Atlantic, said yesterday its biggest challenge over the next few months was to secure a suitable rig at a suitable price from as close to the North Falkland Basin as possible.
Energy service group Hunting said yesterday it had acquired privately owned Houston-based National Coupling Company (NCC), which develops and manufactures subsea hydraulic equipment, for about £38million in cash.
THE first of four vessels from Shetland booked for dry docking with Dales Marine Services this year is now at the Aberdeen facility.
Subsea 7 said yesterday that the market outlook continued to retain a degree of uncertainty for the medium term as a result of the current economic climate.
Faroe Petroleum, the Aberdeen-based oil and gas operator, said yesterday that 2008 had been its busiest year yet.
ABERDEEN-BASED Electro-Flow Controls (EFC), was yesterday celebrating the best six months of new orders in its 22-year history.
INTERNATIONAL environmental service specialist Total Waste Management Alliance (TWMA) has announced the appointment of Ralph John as vice-president of business development for the Middle East.
A substantial tax break for new investment in "marginal" oil developments offshore is expected in tomorrow's Budget.
THE grounding of two models of Super Puma affects just over half the fleets of leading North Sea helicopter firms.
Finding a solution that will allow offshore workers to once again use personal safety beacons on helicopter journeys is a top priority, an industry body said yesterday.
A NETWORK organisation has been set up in Aberdeen to support energy technology companies identify and capitalise on business-growth opportunities.
All Super Pumas of the type involved in recent North Sea crashes are to remain grounded until the necessary inspections and modifications are carried out.
Twenty-five helicopters that service the offshore oil and gas industry have been grounded after urgent safety checks were ordered on two models of the Super Puma aircraft.
The grounding of two models of Super Puma affects just over half the fleets of leading North Sea helicopter firms.
OIL giant Shell has unveiled plans to power up its site at a north-east gas terminal.
BP shareholders registered their anger at senior directors' pay and their connections to the Royal Bank of Scotland by only narrowly passing the firm's remuneration report yesterday.
BUSINESS people preparing to go to America for world's most important oil and gas show next month have been warned to be aware of official-looking websites seeking to part them from their cash unnecessarily.
More than 100 north-east employees of a Norwegian offshore service company face an uncertain future after it said it was reducing its activities.
ENGINEERING and construction contractor Acergy said yesterday that suppliers were reducing prices, but it added that market visibility in 2009 would be poor.
Oilexco North Sea (ONS) has liabilities of about £1.1billion, a joint administrator for the crashed oil company said yesterday.
In a climate where many companies are looking to tighten their purse strings, it is heartening to know there are plenty of north-east firms still on the lookout for acquisitions.
INTERNATIONAL engineering and project-management company AMEC has landed a multimillion-pound Middle East deal.
SCOTTISH lingerie tycoon Michelle Mone is among speakers at an Oil and Gas UK conference next week.
A leading oil industry organisation yesterday insisted all safety requirements will be met in the wake of the North Sea helicopter crash which killed 16 people.
SUBOCEAN Group is doubling the size of its premises as staff numbers hit 175.