CAIRN India, 65%-owned by Scottish oil and gas operator Cairn Energy, said yesterday it had made another oil and gas discovery in Rajasthan, north-west India, adjacent to its Raageshwari field, which has an approved field-development plan.
CANADIAN oil exploration firm Oilexco has opened a data room in London for potential buyers of some of its assets or even the whole company.
British Energy (BE) buyer EDF said yesterday it would sell two power stations as part of a deal to gain European approval for its £12.5billion takeover.
Faroe Petroleum said yesterday it had been awarded three new exploration licences under the latest Norwegian government licensing round.
LOGISTICS company Peterson SBS has named John Fraser as group director of health, safety, environment and quality (HSEQ).
Next year is expected to bring another period of uncertainty for smaller oil and gas firms operating in the UK North Sea.
Europe's biggest subsea event, the Subsea '09 conference and exhibition, will focus firmly on protecting investment, innovation and cross-industry collaboration in helping to exploit the potential of the UK Continental Shelf.
NORWEGIAN subsea technology company Framo Engineering has relocated its Aberdeen office to St Swithin Row from Willowbank Road.
Energy service provider Hunting said yesterday that oil and gas company capital spending was expected to decline in 2009, as a result of both commodity price decreases and global financial market conditions.
ENGINEERING and construction company Subsea 7 announced a multimillion-pound deal yesterday with the UK-based arm of Abu Dhabi national energy company TAQA.
ABERDEEN Harbour Board has approved a £65million capital spending and exceptional maintenance budget over the next five years as part of plans to sustain and develop activity at the port.
Aberdeen-based Offshore Hydrocarbon Mapping, which specialises in controlled-source electromagnetic imaging surveys to find oil and gas, has warned investors over its future.
The boss of international oil and gas facility-service provider Petrofac said yesterday it was well positioned to take advantage of opportunities.
AKER Solutions said yesterday it had been awarded a contract worth almost £42million by Brazil's national oil company, Petrobras, to supply the first set of subsea trees - including control systems and related equipment - for the Tupi field development off Brazil.
Marathon Oil said yesterday it had agreed to sell its wholly owned subsidiary Marathon Oil Ireland to Star Energy, which is owned by Malaysian national oil company Petronas, for about £118million.
A NEW study published by energy business analyst Douglas-Westwood forecasts that 86 megawatts (MW) of wave and tidal-current-stream capacity will be installed worldwide from 2009 to 2013, with the UK expected to be the biggest market.
Oilexco said yesterday it had agreed new bridging finance of up to £31.25million with the Royal Bank of Scotland and the company's banking syndicate.
Oil ministers of the 12 members of the Organisation of Petroleum Exporting Countries agreed yesterday on an expected sharp cut in their supplies.
INTERNATIONAL energy service company Wood Group expects to avoid the worst of any impact on the oil and gas industry caused by global recession and lower oil prices.
Energy regulator Ofgem yesterday called for speedier action from suppliers to slash unfair pricing from energy bills.
US CRUDE oil futures settled 2% lower yesterday on concerns about the American economy after the Federal Reserve cut its target for overnight interest rates.
Leading lights of Scotland's oil and gas industry will be honoured in the Scottish Offshore Achievement Awards 2009.
UNIVATION, the commercial arm of the Robert Gordon University, has hosted a visit to the north-east by a Chinese delegation.
OIL and gas operators Tullow Oil and Heritage Oil have reported a "significant" new oil discovery at an exploration well in Uganda, which they said was potentially the largest in the Butiaba area to date.
TWO offshore catering experts have left ESS Support Services Worldwide in Aberdeen to become bosses at a new company.