NXG on the hunt for new opportunities overseas
Drilling technology and services group NXG Global Group, of Aberdeen, plans to create at least 10 jobs and grow internationally by the end of the year.
Oil and gas news
GDi offers industry new laser scanning approach
Fast-growing oil and gas technology firm GDi is targeting new business from North Sea operators looking to save cash during and beyond the latest industry downturn.
Archer Knight plans £1m cash for equity fundraiser
Subsea market intelligence and consultancy firm Archer Knight is planning a £1 million cash for equity fundraiser.
Nick Dalgarno: ‘Let’s not allow misinformed views to control the agenda’
With global climate change protests, declarations of climate emergency and the media hype around Greta Thunberg, there is every likelihood of some sort of attempt by protestors to target Offshore Europe and hi-jack the headlines with their agenda.
Take control of climate issue industry told
Climate change protestors may target this week’s SPE Offshore Europe event as the sector faces a “tobacco industry moment”, it was claimed last night.
New era for Rovop as former Proserv boss David Lamont takes the helm
There is a new boss at the helm of Scottish subsea robotics company Rovop today following a sudden change at the top.
Oil and gas millionaires galore on Scottish Rich List
The scale of Aberdeen's North Sea bounty over several decades is revealed in the latest Sunday Times Rich List.
Craig International deal with Spirit Energy could be worth £21m
An Aberdeen firm delivering vital services and supplies to the global offshore oil and gas industry said yesterday a new contract with Spirit Energy could be worth £21 million over seven years.
Aberdeen battles back to become top five city
Europe’s beleaguered capital of oil and gas has powered its way into the top five in a league table of the UK’s fastest-growing city economies.
MSIS looking to clean up after near-£1m injection
MSIS said yesterday it was on track to rapidly grow its share of the global oil and gas environmental services market after a near-£1million investment in expansion during its last full trading year.
Glacier’s new structure to focus on overseas growth
Scottish firm Glacier Energy Services announced a new organisational structure yesterday, saying its new set-up was more efficient and better focused on international growth.
Wood still committed to its Aberdeen roots, CEO says
Wood chief executive Robin Watson said yesterday the group still had a key role to play at the heart of a recovering north-east economy, despite it making only 5% of its revenue in the UK North Sea.
PD&MS says £10million of new deals make it a market frontrunner
A hat-trick of new contracts worth a total of £10million have created 25 jobs and put Aberdeen firm PD&MS Group into pole position in a growing market.
Algy Cluff says it’s time to reverse the shift towards gas imports
North Sea veteran Algy Cluff said yesterday the current rocky relations between the UK and Russia highlighted the dangers of Britain relying on foreign gas imports.
New owner for Xodus Group: Subsea 7 takes a majority stake in the Aberdeen firm
Xodus Group, the Aberdeen-based energy consultancy is now majority-owned by Subsea 7 following a deal struck between the two companies tonight.
Presserv to open training centre
Corrosion specialist Presserv, of Aberdeen, is launching a training centre.
English firm launches new offshore division after Aberdeen acquisition
Global Marine Group (GMG), of Essex, has launched a new offshore division in Aberdeen in a further sign of growing confidence in the oil and gas industry.
EnerMech’s new business, MInteg, poised for international growth
Engineering services group EnerMech, of Aberdeen, said yesterday new subsidiary MInteg was poised to double the size of its workforce next year.
Rotech look east and sends team and tech to Myanmar
Rotech Subsea is increasingly active in Asia, the Americas and other parts of the world to meet growing global demand for its cutting-edge trenching, excavation and cable grab tools.
Top apprentice Ashley earns Opito recognition
A former Peterhead Academy pupil who followed in his family’s footsteps into the oil and gas industry despite its recent woes has scooped a prestigious award.
Lenders to take charge as Bibby gets a £50m boost
Bibby Offshore is in the middle of a major financial restructuring that will see the north-east subsea firm fall into the hands of lenders.
New release of key seismic data for the UKCS
A swathe of new data from a £20million UK Government-funded seismic programme is expected to encourage oil and gas exploration in the North Sea.
Plans to reform off-payroll rules to impact North Sea industry
The UK Government has set its sights on private sector employment practices in a move expected to have huge implications for the North Sea oil and gas industry.
Apache offloads assets in £100m-plus deal
Oil firm Apache has completed the sale of key UK North Sea infrastucture in a £100million-plus deal.
Parkmead aims for right balance in its energy mix
Parkmead Group is looking beyond traditional oil and gas activities for new acquisition opportunities, chief executive Tom Cross has revealed.