Improved offshore oil and gas output helped the UK boost its energy production from July to September, while electricity from wind also soared, new figures show.
The UK oil and gas industry’s trade association hailed the hydrocarbon production statistics, while green groups said the renewables industry was getting stronger in Scotland.
It comes a day after Chancellor George Osborne said UK oil and gas revenues are expected to nosedive 94% this year, in a blow to North Sea industry.
Aberdeen marine technology firm Nautronix had fallen £1million into the red ahead of it being bought out by Proserv, accounts posted at Companies House have shown.
The chief executive of Portlethen-based Saltire Energy, Mike Loggie, has added another gong to a fast-growing list by winning the entrepreneur of the year title at a business awards event.
Offshore industry heavyweights told young oil and gas professionals in Aberdeen they could play a huge part in a “culture shift” adjustment to low crude prices.
Oil pared its first weekly gain in a month as Libya sought to increase output and Russia ruled out military retaliation against Turkey for downing its jet near the Syrian border.
Confidence levels among oil and gas contractors working in the North Sea have hit an all-time low, with a large majority believing job losses will continue over the next year, an industry report has found.
Wood Group PSN has won a new contract worth around $90 million to deliver services to one of the world's leading blue-chip international oil companies in Iraq.
Sir Ian Wood warned yesterday that the north-east faces becoming a “museum” if the region fails to secure funding from the £3billion Aberdeen City Region Deal.
In a performance that most magicians could only dream of aspiring towards, Chancellor George Osborne delivered an alleged austerity autumn statement that both mesmerised and left red-faced the Chairman Mao little red book-waving Labour opposition.
The lives of offshore workers are being put at risk because they are so afraid of losing their jobs they do not report dangerous safety breaches, unions will warn Holyrood today.
We live in challenging times. I’m sure like everyone else you read on a regular basis headlines about yet another round of consultation over jobs at risk, or doom and gloom for the North Sea - or global - oil industry.
After defending the interests of oil- exporting nations for five decades, OPEC has made a surprising choice with its newest member: a country that consumes about twice as much crude as it pumps.
From the days of sweeping floors and painting pipes as a young man in the oil and gas industry, John Donachie has seen his career soar.
The partner and head of corporate finance with Pareto Securities Limited won the Offshore Achievement Awards Rising Star accolade in 2004.
He was responsible for creating the Young Professionals section of the Society of Petroleum Engineers which has now become a global network for people to meet.
The UK Government’s commitment to maintaining Britain’s nuclear deterrent was dismissed yesterday as an “ego trip” aimed at “clinging on to the remnants of a fading imperial past”.
The number of Norwegian offshore vessels idled with nothing to do has gone from zero to 100 in just a year. And the woes are far from over, the industry’s top lobbyist said.
