The head of venture-capital firm Energy Ventures (EV) in Aberdeen said yesterday he expected increased global drilling activity to provide a boon for jobs in the Granite City.
Aberdeen-based Xcite Energy said yesterday it had drawn down £2.12million on its equity funding agreement with venture-capital firm Esousa Holdings. Esousa has taken nearly 1.9million shares in Xcite as a result of the funding, which the oil and gas explorer said it would use as future working capital and to progress towards first oil from its Bentley North Sea field.
Sigma Offshore, which has developed a pioneering mooring and fluid-transfer system for oil and gas production vessels, has secured funding totalling £4million.
