Serica upbeat on North Sea drilling prospects
Oil and gas firm Serica Energy is expecting a sea-change in industry attitudes towards exploration spending in the North Sea.
Oil and gas news
Prodrill MD says North Sea industry needs to retain skills
The boss of an Aberdeen firm specialising in the supply of manpower to oil and gas firms said yesterday “competency and skills” were key to securing the long-term future of the UK offshore industry.
Schlumberger snaps up PWS for an undisclosed sum
Oil and gas industry downhole tool firm Peak Well Systems (PWS) is under new ownership after a takeover by US energy services giant Schlumberger.
World oil and gas industry faces rig overload in 2017
The global oil and gas industry is facing a glut of new-build assets with no contracts in place for their use, the boss of an Aberdeen-based energy service firm has warned.
Investors buoyed by Subsea 7’s Q3 performance
Energy services firm Subsea saw its share price surge more than 5% in Oslo today after forecast-busting third quarter results.
Acteon boss spells out impact of market downturn
Acteon Group, the parent of subsea service firms operating globally from locations including Aberdeen, took a financial pounding in 2015 and it has predicted more turnover woe this year.
US giant Emerson secures Nexen North Sea deal
Diversified manufacturing giant Emerson said yesterday it had won a new five-year contract to provide metering management services to oil and gas operator Nexen UK in the North Sea.