Shell signs up Wood for further two years
Wood Group, of Aberdeen, announced a £75million deal yesterday with oil giant Shell which will keep more than 350 people in work.
Wood Group, of Aberdeen, announced a £75million deal yesterday with oil giant Shell which will keep more than 350 people in work.
An inspection report on the safety of a pipeline at the centre of the UK's biggest oil leak in a decade was overdue by three years, officials revealed.
Aberdeen-based international oilfield services company Expro has won two big European deals with oil giant Shell.
THE UK boss of oil giant BP is due to reaffirm its plans to maintain its North Sea production until 2030 - if not increase it - at a business gathering in Aberdeen this morning.
OIL giant BP has outlined its contingency plans for dealing with an environmental disaster as it prepares to start drilling off the coast of Shetland next year.
A CLEAN-UP operation took place at the weekend after about 1,500 litres of oil leaked into Aberdeen harbour.
US offshore regulators expect to send "notices of violation", which would precede civil fines, as early next week to oil giant BP, driller Transocean and oil field service firm Halliburton after an investigation into last year's Macondo spill in the Gulf of Mexico.
BP chief executive Bob Dudley told employees yesterday that investors' patience was wearing thin, as his turnaround failed to show rapid results and the oil giant continued to face headwinds.
Oil giant BP today accused oil service giant Halliburton of failing to take responsibility for its role in the Gulf of Mexico Macondo disaster after the US firm filed a lawsuit against it.
OIL giant BP has paid out more than £3billion to 204,434 victims of last year's massive Gulf of Mexico oil spill, fund administrator Kenneth Feinberg said yesterday.
A boss at oil giant BP last night stressed the continued importance of the North Sea region to its operations.
BP chief executive Tony Hayward is already being lined up for a top corporate job after he stands down as the oil giant's boss in October, it was reported yesterday.
BP was last night planning to begin a pressure test on its undersea oil leak in the Gulf of Mexico after placing a new sealing cap on the wellhead.
Oil executives yesterday warned that President Barack Obama's six-month ban on deepwater drilling would hit world supplies.
More details are expected from oil giant Shell this week on its job-cut plans, though it is still unclear what the impact will be on the 2,000-plus people working from Aberdeen.
PETROFAC Training has landed a £3.5million contract with oil giant BP which will lead to 10 jobs in the north-east.
Oil giant BP is asking its contractors and suppliers in its North Sea business to work with it to identify ways to reduce costs and improve efficiency after being hit by lower crude prices.