Poyry launches scholarship programme for Scotland
One of the most ambitious scholarship schemes ever put together in Scotland for the oil&gas sector is poised for launch by global engineering and consultancy group Poyry.
Orders, a cancellation and setting new world records
Swire Pacific Offshore has signed a shipbuilding contract with Singapore Technologies Marine (ST Marine) to design and construct a new seismic acquisition vessel.
Banks wrecking projects not on
There is now clear evidence that banks are destroying opportunities - both oil-related and offshore wind - so undermining jobs and the ability of companies to survive the downturn. Given the IHS/CERA report of just a few days ago that warned of serious consequences if there is not a rapid recovery of investment in boosting oil&gas output, short-sighted decision-making by the banking fraternity is plain stupid.
Banks wrecking projects not on
There is now clear evidence that banks are destroying opportunities - both oil-related and offshore wind - so undermining jobs and the ability of companies to survive the downturn. Given the IHS/CERA report of just a few days ago that warned of serious consequences if there is not a rapid recovery of investment in boosting oil&gas output, short-sighted decision-making by the banking fraternity is plain stupid.
Urgent call for companies to sign up to Master’s help
The Energy Talent Development (ETD) programme sponsored by Scottish Enterprise and driven by ITF, SPE and the Energy Institute is looking for new industrial-related projects for Master's courses in the current academic year.
GoM crude replaces WTI as oil-price marker
Crude oil is actually a variable commodity. Most of us working in the industry never see it, simply pumping different types of petrol or gasoline into our cars.
Do what I say, not what I do
Read this: "And it is only by investing in environmental technology that we can end the dictatorship of oil, and it is only by tackling climate change that we create the millions of new green jobs we need".
UK drags feet yet dares to lecture
More than 40% of electricity generated in the world comes from coal-fired power stations. That is doubtless a matter for regret, but it is a statistic that is not going to change greatly for decades to come.
NOCs v IOCs – battle lines drawn
National oil companies are increasingly in the headlines. That's hardly surprising as they control more than 80% of known global oil&gas resources, yet much of the Western oil&gas supply chain is ignorant both of their scale and power.
Shell’s South Uist gas hunt delayed
Shell has delayed plans to drill on the South Uist (blocks 213/25a and 214/21a) prospect north-west of Shetland. Drilling was to start in May, but the summer is now more likely due to slippage of drilling rig Leiv Eiriksson's schedule.
City partners take non-invasive route
The global population of floating production units is growing rapidly, with Brazil, US Gulf of Mexico and West Africa out in front in terms of their application.
Four IOCs apparently selected to bid major Iraqi oilfield
Iraq's oil ministry is reportedly in advanced talks with three to four IOCs - apparently Chevron, StatoilHydro, Total and one other - about a development contract for the 6.5billion-barrel Nahr Bin Umar field.
New deals boost firm’s global expansion plans
Walker Technical Resources (WTR), an Aberdeen business specialising in composite pipe repairs for the oil and gas industry, yesterday unveiled some key deals on its way to further global expansion.
Contract award for city subsea company
SUBSEA oil and gas company TSMarine (Contracting), of Aberdeen, has been awarded a series of contracts worth a total of about £2million to carry out a well abandonment programme for two major operators in the North Sea.
Focus on women in energy sector
THE role of women in the energy industry came under the spotlight at an event at the Mercure Ardoe House Hotel and Spa at Blairs, near Aberdeen, yesterday.
Faroe disappointed by Norwegian well
FAROE Petroleum, the Aberdeen-headquartered oil and gas company, reported mixed results yesterday from a well drilled on the Hyme prospect in Norwegian waters.
Noble Denton becomes part of German group
NOBLE Denton, which provides marine and offshore engineering services globally to the energy industries, has become part of the German-headquartered Germanischer Lloyd Group.
Tendeka unites companies’ expertise
A NEW Aberdeen-based parent for three energy technology providers was launched yesterday.
Business opportunities in offshore activity
MORE than 150 delegates have the opportunity to improve their grasp of the business opportunities presented by the decommissioning of the oil and gas infrastructure at an Oil & Gas UK conference on May 26-27 in Newcastle
Venture’s production up by 15% in first quarter
VENTURE Production, the oil and gas operator which has its headquarters in Aberdeen, said yesterday that its production during the period January 1 to April 1 averaged 51,300 barrels of oil equivalent per day (boepd) - up 15% on the same period last year.
Consultancy EC Harris seeks office in Aberdeen
INTERNATIONAL consultancy EC Harris is seeking premises for an office in Aberdeen for its oil and gas arm.
New approach may save £10m
The North Sea oil industry could potentially save £10million over a four-year period through an online approach in safety training for 30,000 offshore workers.
Boss stresses need to drive down costs
A director of Maersk Oil North Sea UK said yesterday it saw continued good business opportunities in the UK, but believed it was essential to drive down costs.
Providence buoyed by well’s potential
IRISH oil and gas operator Providence Resources said yesterday it had achieved better-than-expected results from a development well on its onshore Singleton oil field near Chichester in West Sussex.
Investor may sell 5.4% stake in Venture
Speculation was mounting yesterday that private equity investor 3i was planning to sell its 5.4% stake in Venture Production, the oil and gas operator which has its headquarters in Aberdeen.