Cosalt’s lenders lose patience over sale talks
Nearly 250 Cosalt workers in Aberdeen face an uncertain future after the engineering firm's banks issued an ultimatum to withdraw loans at the end of the month.
Nearly 250 Cosalt workers in Aberdeen face an uncertain future after the engineering firm's banks issued an ultimatum to withdraw loans at the end of the month.
North Sea oil firm Ithaca Energy said today it was still in talks with potential buyers and had set a bid deadline.
North Sea oil firm Ithaca Energy said today it was still in talks with potential buyers and had set a bid deadline.
North Sea oil firm Ithaca Energy said yesterday it was still in discussions with parties interested in acquiring it.
There are signs that the oil and gas market in Aberdeen is at last beginning to pick up as the spin-off from large contract awards starts to trickle down to the smaller companies.
THE receivers of a collapsed Scottish renewable energy company have set a deadline of tomorrow for firms to register their interest in buying the business.
OIL and gas group Serica Energy said yesterday it was talking to other potential buyers of its Kambuna gas field in Indonesia after delays on an agreed deal.
IT IS almost incredible that the mistakes of one person or a few individuals on a rig in the Gulf of Mexico could virtually destroy a massive company such as BP. As I write, the company's shares have fallen to a 14-year low, with about £65billion, or $90billion, of the company's stock-market value having been wiped out since the Deepwater Horizon disaster in April.
Oil and gas explorer Cairn India, majority owned by Edinburgh-based Cairn Energy, said yesterday it had received Indian government approval to develop more discoveries.