Exclusive: Wood Group-Amec Foster Wheeler tie-up threatens 1,300 jobs
About 1,300 global energy service jobs are under threat from the proposed merger of Wood Group and Amec Foster Wheeler (AFW), it emerged last night.
Oil and gas news
Hurricane boss Robert Trice reaps rewards of ‘transformational’ year
Hurricane Energy’s plans for the largest undeveloped discovery in the UK North Sea have delivered a bumper pay boost for the firm’s chief executive.
From oil and gas to luxury lodges: new venture for former Hydrasun man
A former oil and gas industry boss and his family are pouring more than £1million into a new tourism business in Stonehaven.
New subsea integrity business up and running in Aberdeen
Subsea integrity specialist 1 Consulting Subsea Integrity (1CSI) has marked the launch of its business with a move into premises at the James Gregory Centre in the Aberdeen Innovation Park, Bridge of Don.
North-east firm M2 Subsea is off to an explosive start
A new remotely operated vehicle (ROV) specialist, M2 Subsea, will go hunting for unexploded wartime bombs under its first contract.
New report says global exploration recovering from its ‘nadir’
Stability and a slow recovery during 2017 may consign last year to the history books as a “nadir” for conventional global oil and gas exploration, an Aberdeen-based energy research consultancy said yesterday.
Faroe’s improved performance delivers pay boost for bosses
Faroe Petroleum bosses benefited from big increases to their pay deals in 2016.
Neptune boss Sam Laidlaw: ‘This is not the end of the story’
The man heading up the newest player in the North Sea said yesterday the firm had only just started on its asset portfolio.
Delek moves for all of Ithaca’s shares
Israel’s Delek Group has given notice of its compulsory share purchase of the remaining shares in Ithaca Energy it does not currently own.
Proserv toasts nearly £2m of new decommissioning work
Aberdeenshire company Proserv said yesterday it had bagged three new contracts worth a total of nearly £2million for decommissioning work in the Norwegian North Sea.
Industry chiefs shape late-life asset management and decommissioning technology priorities
Leading figures from across the North Sea industry were at the Oil and Gas Technology Centre (OGTC) in Aberdeen yesterday for a workshop to discuss priorities for the new decommissioning solution centre (DSC).
Relaunch plan in full swing for energy consultancy Hugh Fraser International
Aberdonian corporate lawyer Hugh Fraser is relaunching a consultancy he first set up 14 years ago to help more UK firms break into Middle East markets.
KCA Deutag upbeat about prospects after slashing losses in 2016
Scottish oil and gas drilling giant KCA Deutag said yesterday it had enjoyed a “satisfactory” start to the year” after substantially reducing its losses in 2016.
Weatherford narrows first quarter losses
Weatherford International boss Mark McCollum said a new joint-venture with energy service rival Schlumberger, OneStimSM, would help it take another step towards a better balance sheet.
Score Group shakes off oil slump to deliver 45% jump in profits
North-east firm Score Group said it had “successfully embraced the new norm” of one of its key markets as it reported a 45% surge in profits.
Ex oil worker making millions from fantasy football betting game
A former Aberdeen oil and gas engineer is making millions from his innovative online fantasy football betting game.
Who were the main winners and losers in North Sea taxation in 2015?
Chinese-owned Nexen has been unveiled the biggest tax spender in the UK North Sea during the first year of the oil and gas industry slump.
Delek says international expansion does not stop at Ithaca
Israel’s Delek Group is eyeing new acquisition targets in the North Sea.
New man at the helm at Acteon company Utec
UTEC, an Aberdeen-headquartered subsidiary of subsea services group Acteon, said yesterday it had promoted chief operating officer Stuart Cameron to the role of chief executive.
£671,000 bonus boost for Petrofac boss Ayman Asfari
Petrofac chief executive Ayman Asfari saw his total pay package rocket more than 60% during 2016 as the energy services giant moved back into the black.
Aberdeen firm Exceed nets new North Sea work worth £5.5million
Well-management and oil and gas performance coaching specialist Exceed said yesterday it had won North Sea contracts worth £5.5million since the start of the year.
Aberdeen engineering firms net millions of pounds worth of new business
Nucore Group said yesterday its HVAC and Refrigeration Engineering (HVAC&RE) business had taken on extra workers on the back of new projects worth a total of £4million.
Tom Cross hails Parkmead’s Dutch output as ‘outstanding’
Parkmead Group boss Tom Cross said yesterday an increase in gas production from Dutch assets amid a severe industry downturn was “an outstanding achievement” by the Aberdeen firm.
Houston lessons for north-east Scotland’s Energetica project
What can the team driving the north-east of Scotland's Energetica project learn from the US city of Houston?
Mac on the menu for Bureau Veritas
Bureau Veritas (BV), the global leader in testing, inspection and certification, has devoured a “Mac” for an undisclosed sum.