Greenland exploration potential lifts Cairn
Cairn Energy, the Edinburgh-based oil and gas operator, said yesterday its exploration acreage off Greenland could hold billions of barrels of oil.
Sound financial advice is key to surviving slump
It is one of the oldest truisms in business life - cash is king.
Gas discovery off Moroccan coast fuels Dana’s optimism
Dana Petroleum said yesterday it had made a significant gas discovery at Anchois, in the Tanger-Larache licence, with its first well offshore Morocco.
Recession fails to dampen oil show
The Offshore Europe oil show in Aberdeen later this year will be the biggest in the 30-year history of the industry showcase - despite the world's economic problems.
Mexican leader heading north to bolster oil ties
The president of Mexico will visit Aberdeen today to strengthen links between the oil-rich Latin American country and the north-east.
Oil and gas operator Bowleven shares take a tumble
SCOTTISH oil and gas operator Bowleven saw its share plunge yesterday after it said its potential suitor had revised its indicative cash offer of 150p a share announced on March 18 down to 100p.
Xcite Energy buoyed by Bentley field’s potential
Xcite Energy, the heavy oil and UK North Sea-focused company, said yesterday it was planning for the next phase in development of the Bentley oil field in block 9/3b south-east of Shetland.
Energy minister hails importance of industry
The importance of the oil and gas sector in boosting Scotland's international reputation was highlighted last night by Scottish Energy Minister Jim Mather.
Firm has funds earmarked for energy-sector investment
Venture-capital group Energy Ventures said yesterday it had more than £70million at its disposal for investment in hi-tech companies working in the upstream oil and gas sector.
PSN signs up to technology partnership
PSN (Production Services Network), the Aberdeen-based oil and gas service company, is the latest organisation to join oil and gas industry technology facilitator ITF.
North Sea innovators can rise to economic challenge
Scotland recognised its leading players in the oil and gas sector at a north-east ceremony last night.
Prudence Melrose’s mantra this year
MELROSE Resources, the Scottish oil and gas operator with interests in Egypt, Bulgaria, Romania, America, France and Turkey, said yesterday it was not immune to the global downturn.
£5m system to track offshore air traffic soon to go live
A pioneering new safety system that will track the movement of all offshore helicopters will go live in the North Sea next month, the Press and Journal can reveal.
Fogg given Europe-wide remit at Finnish firm
THE managing director at the Aberdeen office of engineering and consultancy firm Poyry, Steve Fogg, has been appointed as the group's new European president for oil and gas.
Plexus products gaining momentum with oil majors
PLEXUS Holdings, the Aberdeen-based oil and gas engineering service business, said yesterday its results for the six months to December 31 were in line with management expectations.
Premier buying ONS in £345m deal
Premier Oil said yesterday it had struck a deal with administrators to acquire Oilexco North Sea (ONS) for £345million.
Call to halt slump in offshore oil sector
CHANCELLOR Alistair Darling last night faced new demands for tax relief to head off decline in the offshore energy industry, after the government said it has had to put off offering more exploration and development licences.
Renewables move ‘a natural extension’ to Wood offering
INTERNATIONAL energy service company Wood Group has started a big push into the renewable-energy sector.
C-MAR course aims to provide quick fix
A NEW training course launched by Aberdeen-based C-MAR Group is claimed to help improve maintenance and reduce costly downtime offshore.
Keeping the North Sea strong
Malcolm Webb is the public face of Britain's oil and gas industry.
Cost efficiency key to securing viability of UK energy industry
Cost-cutting in the North Sea is vital to maintain investment, protect jobs and secure the long-term future of the basin, according to an oil and gas industry boss.
Expro hails £50m-plus Angolan deal with BP
INTERNATIONAL oilfield service company Expro has landed a deal in Angola understood to be worth more than £50million.
Caledyne’s global award for engineering excellence
CALEDYNE, an Aberdeen-based energy industry engineering service and product specialist, will be recognised in America in May with a global award for its retrievable metal-to-metal (MTM) downhole seal system.
New Opito boss aims to help shape national policy
A FORMER director of business development at Forth Valley College has joined Opito - the Oil and Gas Academy.
Oil firms ban emergency beacons after safety fears
North Sea oil companies last night agreed to stop using personal locator beacons pending a full investigation into their interference with helicopter equipment.