Innovation day hailed as ‘great success’
INDUSTRIAL service provider BIS Salamis has hailed an innovation day it held yesterday at its skill centre in Broadfold Road, Bridge of Don, as a great success.
AMEC looks to 2009 with ‘measured confidence’
ENGINEERING project-management group AMEC said yesterday its oil and gas business had made a major contribution to record financial results for 2008.
InnerArmor expected to reinforce ACI
NORTH-EAST company Advanced Coating Initiative (ACI) is anticipating a strong boost to its finances from future sales of a product aimed at extending the life-span of components operating in harsh conditions.
OHM seeing upturn in demand for its services
OFFSHORE Hydrocarbon Mapping, the Aberdeen-based specialist in controlled-source electromagnetic (CSEM) imaging surveys for the oil and gas industry, said yesterday that revenue for the half-year to February 28 was expected to be about £6.1million.
Cairn completes £116m equity fundraising move
CAIRN Energy, the Scottish oil and gas operator, said yesterday it had completed a placing of more than 6.5million new shares with institutional investors.
Edinburgh-based oil and gas operator signs Black Sea buy-in
MELROSE Resources said yesterday it had signed a farm-in agreement with Sterling Resources under which it would earn a 32.5% interest in two blocks in the Black Sea, offshore Romania.
Abandonment market ‘worth £15bn’
Offshore oil and gas contractors have been alerted to a £15billion market for services needed to abandon nearly 5,000 platforms and subsea wells in UK waters.
North Sea firms plead for help to beat crisis
Oil and gas companies last night urged the UK Government to deliver them a Budget boost of tax reliefs - as they revealed the collapse of bank lending to smaller firms is threatening developments in the North Sea.
Weir hails 2008 as its best year yet
SCOTTISH engineer Weir Group said yesterday that 2008 had proved to be the best operating year in its history.
New Apex facility defies market conditions to create 12 jobs
APEX Tubulars Inspection Services, the Aberdeen-based provider of casing and drillpipe inspection and repair services to the oil and gas industry, has defied market conditions and responded to client demand by investing £1million in a new machine shop, creating 12 jobs.
Industry’s highest achievers set for final showdown
THE finalists for this year's Scottish Offshore Achievement Awards - known as the Oil Oscars - have been announced.
Training event focuses on energy industry
A TRAINING event focusing on the energy industry will be held in Aberdeen next month.
Tullow Oil boosted by new funds and significant find
Tullow Oil said yesterday it had secured £1.43billion in reserve-backed loans to replace existing debt and to fund future capital commitments, including development of its world-class Jubilee discovery offshore Ghana.
RMT continues holiday fight for offshore staff
A North Sea union leader pledged last night that the fight to win paid holidays for thousands of offshore workers will go on, despite a setback at an employment appeal tribunal.
Petrofac unfazed by global downturn
OIL service group Petrofac said yesterday that, despite the severe downturn in the global economic outlook, it could report excellent growth in 2008 and was well positioned for further strong growth in 2009 and beyond.
Emissions rules could have impact on offshore industry
THE UK Government was urged last night to head off the threat posed by a Brussels bid for tougher restrictions on greenhouse gas emissions that could hit the offshore oil and gas industry hard.
Energy and venture-capital firms team up
An emerging player in the venture-capital market, Edinburgh-based Par Equity, has teamed up with Aberdeen-headquartered Senergy Alternative Energy.
Design consultancy staffs up as expansion continues
ABERDEEN design and draughting specialist Cadherent has tripled staffing levels and increased the size of its offices by 50% as it promises to push ahead with further expansion plans in 2009.
North-east boss pumped up after lifting prestigious trophy
The 32nd Grampian Industrialist of the Year was last night named as George Yule, chief executive of Aberdeen-based international oilfield service firm Dominion Gas.
Bid deadline for ONS asset disposal passes
The deadline for final bids for crashed oil and gas operator Oilexco North Sea (ONS) passed yesterday, with restructuring experts giving nothing away about the progress of the selloff.
Prospect announces plans to double workforce
PROSPECT, an Aberdeen-based subsidiary of subsea service firm Hallin Marine, said yesterday it was poised to grow its workforce from 50 to about 100 employees within two years.
Talisman reports 69% surge in income in ‘year of change’
Talisman Energy, the Canadian oil and gas operator which has significant interests in the UK North Sea and Norway, said yesterday that 2008 was a year of change for the company.
Senergy on course for further growth
Senergy, the diversified energy industry service provider, said yesterday it was aiming to build on growth to date which had resulted in annual turnover rising to £70million.
MPs step up pressure for North Sea incentives
PLANS are being made to step up pressure on the government to act to maintain offshore development despite the recession, following a meeting in Westminster last night.
Wood seeking bolt-on buys to boost group in ‘challenging year’
International energy service company Wood Group revealed yesterday that pre-tax profits for last year surged by 48% to £274.3million.