Energy Ventures weighs up prospects in north
Energy Ventures said yesterday it had more than £60million to spend this year and was looking across the north and the north-east for investment opportunities.
upstream oil
New partner to boost firm’s focus on oil and gas sector
One of Scotland's largest law firms, Burness Paull & Williamsons, has appointed a new partner, Robin Clarkson, to its oil and gas team.
Scott’s efforts rewarded
An Aberdeen student aiming for an offshore career has been named apprentice of the year by energy skills body Opito.
Expansion of hubs completed
Oil service firm Peterson SBS has completed expansion at its upstream oil and gas logistics hubs at Edzell and at Altens, in Aberdeen.
Centrica buys Total’s central North Sea stakes
UK operator Centrica said today it had bought stakes in seven North Sea fields from French rival Total for £246million.
Increased confidence in market outlook
Strong oil prices resulted in the oil and gas industry remaining buoyant during 2011.
Oil industry pay bonanza
Pay in the upstream oil and gas industry increased sharply last year, averaging more than 6% globally and many expect salaries to jump more than 10% this year, according to new research.
Risk to jobs as industry looks abroad for cheaper labour
The UK is among a growing number of countries where oil companies and their supply chain are trying to drive down employment costs by importing cheaper foreign labour.
New Broom
OIL & Gas UK has appointed David Ripley as its the new supply chain director. He replaces Brian Kinkead and has over 25 years of varied experience in the upstream oil and gas industry.
Centrica still sees progress upstream
ENERGY firm Centrica said yesterday it was continuing to make good progress in its Aberdeen-based upstream oil and gas business, particularly in development projects and exploration.
Golden Eagle platforms disappointment
So, the platforms for the Nexen-operated Golden Eagle project have gone to the Middle East, or more correctly the UAE-domiciled but London-listed group Lamprell.
Scottish engineer boosted by record growth in oil and gas
Scottish engineering group Weir said yesterday it expected to beat its own year-end projections after record growth in its oil and gas division.
Centrica reports profit dip as energy bills soar
Energy company Centrica reported a large drop in profits yesterday amid a continuing furore over rising electricity and gas bills.
Pridden demands R&D cash investment
Public money must be invested in UK-based upstream oil & gas R&D in the same way as huge sums are ploughed into aerospace and defence, the chief executive of the National Subsea Research Institute (NSRI) has warned.
Oil service firm opens in Aberdeen
Norwegian oil service firm Interwell has opened a facility in Aberdeen and is planning significant expansion in the city.
Centrica to invest £700m in upstream oil and gas activity
Energy group Centrica said yesterday it would be spending around £700million this year on its upstream oil and gas business.
Energy group to sign long-term lease on prime city-centre site
A new office development in Aberdeen is expected to break the record for commercial rent north of the border.
Walk the talk, otherwise it’s just fine words
Running a safe business should be a given, but it's also a tough call, according to Mike Mann, health, safety, environment and quality (HSEQ) director at Aberdeen-headquartered RBG, a mid-sized, upstream oil & gas contractor.
Energy postgrads at threshold of a dream, says Winchester
Engineering graduates are at the threshold of a new dream if they are minded to think beyond the confines of upstream oil and gas.
Forecasts signal energy industry’s revival – analyst
Wood Mackenzie said yesterday that UK North Sea upstream oil and gas industry capital spending this year would be around £4.8billion, slightly down on £5billion in 2009.
Upstream sector facing challenges
The upstream oil and gas sector is faced with challenges of enormous scale, according to AMEC chief executive Samir Brikho.
Expro feels effects of lower-oil-price climate
Expro has reported sharply lower revenue and operating profits for the year to March 31 because of the downturn in upstream oil and gas activity fuelled by lower oil prices.
Venture-capital firm eyeing hi-tech investment potential
Venture-capital firm Energy Ventures is using OTC to identify upstream oil and gas technology firms which offer investment potential.
Jewel apprentice top of the class
COLLEGE student Mark Wigginton is top of the class after being named oil&gas industry Apprentice of the Year by OPITO - The Oil & Gas Academy.
Oil investment warning to UK Government
Wood Mackenzie has warned the UK Government to be constantly aware of the investment environment to maximise development of remaining oil and gas reserves.