Technology investment in oil and gas innovation
The Technology Strategy Board said yesterday it would invest up to £1million in feasibility studies to stimulate innovation in the oil and gas sector and speed up the development of new products.
gas sector
Orkney engineers make oil-pollution breakthrough
Orkney engineers are reported to have made a breakthrough in "green" oilfield technology which has revolutionised international clean-sea standards.
Phuel’s landmark certification
Wireline pressure control equipment specialist, Phuel Oil Tools, has secured what is said to be "landmark" certification for its wireline blow-out preventers (BOPs).
Ex-3i man to head up LDC operation
A former joint head of private-equity investor 3i's oil, gas and power team in Aberdeen has a new job, it was announced yesterday.
Seajacks Kraken wins two year wells contract
Jack-up vessel operator Seajacks has won a contract with NAM and Shell UK to help carry out a major well repair and maintenance campaign in the southern North Sea.
The opportunities and risks
Growing confidence in the Norwegian oil and gas sector is a golden opportunity for north-east firms to grow their business, according to KPMG.
UHI to bolster renewables courses and energise sector
The principal of the University of the Highlands and Islands (UHI) said yesterday the institution would expand its renewable-energy courses to help meet the sector's skills shortages.
Minister says another record year is on the way for Scottish renewable energy
ENERGY Minister Fergus Ewing revealed his New Year's resolution yesterday, saying he would do all he could to further Scotland's reputation as a "global green-energy powerhouse" in 2012.
Dormant subsidiaries costing oil firms millions
COMPANIES operating in the UK oil and gas sector could be incurring millions of pounds in unnecessary costs due to dormant companies in their groups, according to research.
North east an incubator for new companies
GROWTH capital investor Lime Rock Partners believes the oil and gas sector in Europe has a secure future and it will continue to look for growth and technology investments.
Value of M&A activity in international oil and gas sector down
The value of mergers and acquisitions activity in the international oil and gas sector nearly halved in the second quarter of the year, according to PwC's latest global deal trends report out today.
Dron & Dickson sign up Middle Eastern and African partners
SCOTTISH company Dron and Dickson (D&D) said today it had signed partnerships with firms in north Africa and the Middle East in an effort to enter the two markets.
Access to reserves top risk facing firms
ACCESS to reserves is the biggest risk to oil and gas companies, according to a report published today by Ernst & Young.
Green energy sector ‘confident’
RENEWABLE-ENERGY firms in the north-east are confident about their prospects and ready to grow, a survey of the industry has revealed.
Approval for Reliance to sell assets to BP
Indian energy firm Reliance Industries said yesterday it had received government approval to sell stakes in some of its oil and gas interests to BP for £4.4billion.
Expansion plans after cash injection
SCOTTISH company Dron and Dickson (D&D) plans to expand into the renewable energy market after receiving £6million of funding, according to reports.
Coming to terms with Macondo
IT'S just over a year since the monstrous Macondo oil spillage was finally stopped on July 15, 2010 - more than three months after the devastating explosion on the Deepwater Horizon drilling rig killed 11 people and injured 17 others.
Confidence and M&A activity increasing in the oil and gas sector
Both corporate buyers and private equity players have returned to the acquisition trail in 2010, following an extended period of muted activity. With many sitting on cash reserves and seeing more opportunities to invest, deal activity has increased through the year.
Economy warning for energy firms
Professional services firm Ernst & Young's oil and gas eye index, which tracks the performance of AIM-listed oil and gas companies, returned to growth over the third quarter of 2010, ending the period up 19.6%.
Oil industry ‘must focus on attracting fresh talent’
There was another impassioned plea last night for the UK oil and gas sector to work harder at wooing potential new recruits.
Aker Qserv battles through difficult time
Aker Qserv, the Portlethen-based company whose principal activity is oil field services both onshore and offshore in the UK and globally, says in its annual report for 2009 the year was challenging.
Oil and gas stocks fall after period of growth
Professional services firm Ernst & Young's oil and gas eye index, which measures the performance of oil and gas company stocks, fell by 6.7% in the second quarter of 2010, bringing to an end a run of five consecutive quarters of growth in the index.
Cable rules out raid on North Sea oil riches
Vince Cable vowed last night not to raid the North Sea for money to reduce the huge UK budget deficit caused by the banking crisis.
Visit expanding centre’s overseas links
The Indian consul general based in Edinburgh wants to build new training links between India and Scotland.
Future developments offer ‘massive’ opportunities
Future energy developments offer "massive" opportunities for Scotland, oil and gas leaders heard in Aberdeen last night.