Bow Valley considering all options as debt looms
North Sea company Bow Valley Energy said yesterday that a range of alternatives were being considered for its future.
AMEC starts work on Clair Ridge project
International engineering and project-management company AMEC said yesterday it had now begun conceptual engineering studies to test the potential for further development of the huge Clair field west of Shetland.
Oil explorer’s shares soar on funding boost
Faroe Petroleum announced a near-£25million bank boost to help finance its Norwegian exploration and appraisal programme.
Synergie takes control of Aberdeen data firm
A recent Scottish university spin-out working in the field of renewable energy has ambitious expansion plans.
Angus port eyeing growth in oil clients
MONTROSE Port Authority has its eye on more oil and gas-related business, chief executive John Paterson said yesterday.
Capitalise on tidal power, MSPs told
Engineers yesterday urged the Scottish Government to set up a £40million fund to help launch marine energy projects.
Vow to work as one to deal with disaster
WHEN the Piper Alpha oil platform exploded in the North Sea 20 years ago, it fell to various agencies to scramble their resources and deal with the blaze, the fatalities, the bereaved families and the aftermath.
New cargo-handling guidelines published
OIL and Gas UK published updated guidelines yesterday for the safe packaging and handling of cargo to and from offshore installations, with the aim of securing improvements in safety.
Cairn boss signs deal in Greenland
The exploration director of Scottish oil and gas company Cairn Energy has been in Greenland for a signing ceremony for two oil and gas exploration blocks offshore southern Greenland.
Multimillion-pound buy south of the border to boost Aberdeen valve firm
Aberdeen Valve Supplies (AVS) has made a multimillion-pound buy south of the border.
Accountant driving M&A deals
As a youngster growing up near Potterton in the north-east, Mike Brown had only one career ambition.
Firms offered share of OTC space
ABERDEEN City and Aberdeenshire councils are offering companies the chance to share their stand space at the world's most important oil and gas show.
Food safety on menu for offshore workers
A north-east training firm said yesterday it was pioneering a food-safety programme for offshore workers.
University students awarded oil and gas scholarships
A TOTAL of 22 students were honoured at Aberdeen Art Gallery last night after securing places on scholarship programmes funded by oil and gas company Talisman Energy and one of its key contractors.
R&D slowdown ‘could have devastating effect’ on industry
Subsea UK is warning oil and gas companies against the temptation to put investment in research and development on hold as the industry begins to feel the effects of oil-price falls and the credit crunch.
Venture says Kittiwake platform back in action
Venture Production revealed yesterday that the Kittiwake platform in the central North Sea had returned to full operations last Thursday.
Oil service company looking for growth
OIL service company TESCO Corporation said yesterday it had appointed Doug Sedge as vice-president and general manager for Europe to help drive business growth.
Training demand rockets
DEMAND for training in remotely-operated vehicles (ROVs) has rocketed in the last 12 months, according to a Scottish commercial dive centre.
Latest generation ship begins drilling at exploration well
Chevron North Sea said yesterday that drilling operations had begun on an exploration well west of Shetland.
Second simulator for Altens training site
PETROFAC Training launched its fourth UK major-emergency management (MEM) simulator at a ceremony at its Altens training centre in Aberdeen last night.
Aggreko adds Indian assets with £3.9m acquisition
Aggreko, the Scottish temporary-power specialist, has unveiled plans to expand its global operations by buying a business in India for £3.9million.
Oilexco slides on debt U-turn
SHARES in Canadian oil explorer Oilexco - which is listed in both Toronto and London - plunged yesterday after it announced plans to raise up to £100million in debt and sell shares to raise more cash, but later said it had abandoned the proposals.
Crude oil falls to lowest price for more than three years
Crude oil fell below $50 a barrel to its lowest level since March 2005 yesterday amid fears of a global downturn on demand.
Invergordon service base plays host to its 600th rig
INVERGORDON is celebrating the arrival of the 600th oil rig to visit its service base since 1973.
New boss at Sovereign
SOVEREIGN Oilfield Group, the Aberdeen-based diversified oilfield service business, has announced the appointment of Robert Ellis as a director and his election as chairman by the board.