Acquisition leads to new name and new CEO for Aberdeen-based Spirotech
Aberdeen energy services firm Spirotech has been given a new CEO and a new name after being acquired by an investor group.
Aberdeen energy services firm Spirotech has been given a new CEO and a new name after being acquired by an investor group.
Plans to redevelop an Orcadian port have been dealt a major blow after the Ministry of Defence (MoD) rejected calls for help with a decades-old navy oil spill.
Bids to buy North Sea producer Siccar Point Energy have come in at between $1.2bn and nearly $2bn, according to a news report.
Corallian Energy has announced plans for an initial public offering (IPO) next year and that it will begin a farm-out process for two North Sea prospects.
At a cultural gathering in the region of Qatif in Saudi Arabia’s oil-rich east, a poet recited some of his work before taking questions. The audience of 80 or so people was engaged and smiling, while a man quietly served coffee and tea in espresso-sized paper cups.
A "hugely important" Welsh bible which is more than 400 years old is being protected from damage with the help of hydropower, the National Trust said.
Oil and Gas UK has launched a new educational campaign testing the knowledge of the nation about the offshore energy sector.
Dutch dredging and heavylift firm Boskalis has announced a clutch of new contracts worth £93m, including a transportation deal for a new North Sea FPSO.
Remotely-operated vehicle specialist Rovco has completed a £1million contract at the Galloper Wind Farm in the Southern North Sea.
Petrofac has announced new contracts and extensions in the North Sea and Malaysia worth £93m, as well as an acquisition marking its entry to the US onshore services market.
A court has ruled it was illegal for a UK North Sea production vessel to be imported, beached and broken down on a notorious beach in Bangladesh.
Reliance Industries Ltd., run by Asia’s richest man Mukesh Ambani, has eclipsed BP Plc to break into an elite club of energy supermajors.
ConocoPhillips announced a 10-year plan to buy back $30 billion of shares, equivalent to about half of its current market capitalization, as the oil producer attempts to distance itself from the troubled U.S. shale industry.
French geoscience firm CGG has announced its largest ever seafloor survey is due to take place in the UK's central North Sea.
Oilfield service company Baker Hughes has entered into a three-way agreement and partnership to boost the adoption of artificial intelligence technology in the oil and natural gas industry.
Hurricane Energy has announced it will begin testing on its Warwick West well today.
Norwegian energy major Equinor has said it expects production from its Barnacle field “within a couple of weeks” as it presses ahead with its UK-Norway cross-border plans.
Helicopter operator NHV has celebrated delivery of a new aircraft for its Aberdeen base following some key contract wins.
You’d expect most companies accused of a longstanding fraudulent scheme to be thrilled if the government dropped those claims against them. Not so for Exxon Mobil Corp. -- at least not today.
A north-east man is being sued by oilfield services giant Schlumberger for $1million after they claimed he left the firm to work for a rival.
Equinor’s chairman has said its new Mariner project in the UK North Sea is now a “significant point of reference” for growing the international business.
DNO North Sea, the Norwegian firm which took over Faroe Petroleum, said it now has more “firepower” to grow with a boost to its lending facilities.
Saudi Arabia set a valuation target for Aramco’s initial public offering well below Crown Prince Mohammed bin Salman’s goal of $2 trillion and pared back the size of the sale to ensure the world’s largest oil producer successfully lists on the Riyadh stock exchange next month.
The Schlumberger lawsuit is a lesson for employees “not to pay lip service” to legal contracts, according to an employment law expert.
It’s the most nettlesome problem in the quest to ditch fossil fuels: how can you get thousand-degree heat used in factory furnaces without pumping billions of tons of greenhouse gases into the atmosphere?