Shell to four in North Sea with Curlew start-up
THE fourth new North Sea field to be brought on stream by Shell UK this year has achieved production start-up.
Sibir on track for record year
SIBIR Energy, the UK-listed oil operator which is 100% focused on Russia, said yesterday that in the first half of 2008 it had already achieved 84% of the record financial performance of the whole of 2007.
First Oil continuing to pour cash into North Sea assets
Aberdeen company First Oil, owned by multimillionaire businessman Ian Suttie, now says it is the largest private UK firm producing oil and gas from the North Sea.
TAQA boss outlining investment plans
THE chief executive of TAQA will tell an audience in Aberdeen today that he would like to see the Abu Dhabi National Energy Company soon in a position where it has daily production of 150million barrels of oil equivalent from the North Sea and proven plus probable reserves of some 200million barrels.
ROVision pair glad they took the plunge
ABERDEEN company ROVision has completed its first subsea inspection job for Rowan Drilling at Dundee and has more work in hand for the same company.
Progress pleases Ramco boss
Ramco Energy, which recently refocused as an energy investment company with a strategy of investing in both oil and gas and renewable energy, said yesterday it was delighted with the progress made since it announced its new vision.
Hallin buoyed by continued offshore boom
Hallin Marine said yesterday oil and gas producers were continuing to push forward with offshore construction projects and drilling activity remained at a record high.
EnCore staying focused on drilling campaign
ENCORE Oil said yesterday it had focused attention this year on the delivery of its strategy; the key elements of which are to maximise the potential of assets and to monetise them at the appropriate time to create the greatest shareholder value.
Faroe upbeat over venture’s potential
Faroe Petroleum, the Aberdeen-headquartered oil and gas company, said yesterday its latest exploration venture was targeting a significant prospect in a prolific area of the central North Sea.
Law firms’ key role in oil and gas highlighted
Aberdeen-based law firms and firms with Granite City offices are highlighted in The Legal 500 as the key players in Scotland in the oil and gas sector.
Venture boss reports bumper year so far
Venture Production said yesterday it had achieved a record financial performance in the six months to June 30 thanks to higher production and strong oil and gas prices.
Hunting lining up bolt-on buys for energy service arm
Hunting said yesterday its Hunting Energy Services division was planning acquisitions of complementary businesses as demand for products and technical expertise continued to outpace industry supply.
Petrofac hopes to land work worth £5bn-plus
Petrofac, a global provider of facility services to the oil and gas production and processing industry, said yesterday it was bidding on major contracts worth more than £5billion.
Triton says VisualSoft addition will benefit both firms
Triton Group has taken another significant step forward in its plans to become a world-leading subsea technology and service group with the acquisition of an underwater digital video systems company.
High growth aspirations
Noble Denton expresses its mission as having global capability in complex marine operations and offshore engineering for the oil and gas industry, where it finds the bulk of its customers, and the renewable-energy sector.
Consultant says BE-Centrica deal would be bad move
THE UK's biggest energy consultancy, McKinnon and Clarke, has reacted angrily to the call by one of British Energy's major City investors, Invesco, for the nuclear-power generator to merge with British/Scottish Gas owner Centrica.
£83m win keeping rig busy in North Sea
NORTHERN Offshore UK has secured a contract worth about £83million for its new semisubmersible drilling rig Arctic II, which it acquired at the end of last month.
TSM set for major expansion with new vessels on the way
TSMarine says it remains on track to almost double turnover to about £100million by next year after achieving £55million in 2007.
Taqa to pour £750m into expansion in North Sea
Abu Dhabi National Energy Co (Taqa) is planning to invest £750million to make more acquisitions and boost oil output from its UK North Sea operations, its chief executive said yesterday.
Majors see marked rise in profits as prices soar
Oil companies Total, Chevron and StatoilHydro all showed the benefit of soaring oil and gas prices as they reported significantly higher second-quarter profits yesterday.
Big uplift in income at operator BG
Oil and gas operator BG Group revealed yesterday that pre-tax profits for the past quarter had nearly doubled to more than £1.3billion.
Ramco surges on Iraq venture hopes
Shares in Ramco Energy jumped nearly 60% higher yesterday on hopes of winning business in Iraq.
Offshore activity helping to keep Subsea 7 busy globally
OFFSHORE engineering group Subsea 7 said yesterday that activity levels in the North Sea remained high in the second quarter of 2008.
£35m win for Subsea 7
SUBSEA 7, the underwater engineering and construction company, said yesterday it had been awarded an engineering, procurement, installation and commissioning contract valued at about £35million by Centrica.
Tests on Moth yield positive results – Oilexco
Oil and gas operator Oilexco said yesterday it had successfully flow-tested gas condensate at significant rates from its Moth discovery in the UK North Sea.