Get out of Houston, urges business man
An Aberdonian business man living and working in Houston has urged visitors to OTC to get out of their comfort zone.
OGUK attends OTC for first time in five years
The UK’s main trade body for the oil and gas industry is attending OTC in Houston for the first time in five years.
Rovop director to head up US operations
A remotely operated vehicle (ROV) service provider based in Aberdeen has bolstered its US team after winning a raft of contracts worth around $19million (£15million) including a two-year deal with a Houston-based global company. Rovop has appointed Euan Tait as president of the company’s US operations, while Katarina Tehlirian takes up the post of VP business development. Both will be based at the company’s Houston hub with Mr Tait taking over from Wayne Betts who is moving across to establish Rovop’ s operations in Brazil. Mr Tait is a member of Rovop’s board and will continue his role as commercial director while heading up the US operations with the support of general manager, Neil Francis, in the western region Ms Tehlirian, who joins the company from Subsea 7, has extensive business development experience in the US subsea sector and has previously worked with DOF Subsea and Canyon Offshore. Steven Gray, chief executive at Rovop, said: “This is a great start to Q2 in 2017. The growth in our US team strongly positions Rovop for further growth in the region while the substantial new long-term contracts we’ve won demonstrates that, in a challenging market, our industry is changing and becoming more efficient, using technology and new working practices to lower cost and risk. “As such, Rovop anticipates a record year in 2017 because our service and equipment is aligned with the future needs of the industry. While prolonged oil and gas market downturn is still hurting our industry, we believe there is much to look forward to.” Rovop’s latest contract wins include a two-year deal with a Houston-based global oil & gas engineering company and a five-year contract with a European power cable installer. The firm has also secured a three-year contract with Centrica E&P to provide ROV services to the UK based oil & gas operator. The agreement will see Rovop support Centrica across multiple work scopes including drill support, decommissioning, and inspection, repair and maintenance (IRM). In addition, Rovop is preparing to execute innovative platform-based asset life extension work for a UK operator to help boost hydrocarbon recovery.
Algy Cluff gives four good reasons to invest in the UKCS
A UK oil and gas pioneer has said that the exploitation of so-called small pools could herald a “North Sea phase two".
Achiltibuie welcomes one of first community-owned turbines in the Highlands
A remote Highland community has welcomed the benefits of blades turning on a new £1.8million wind turbine project.
Industry welcomes watchdog’s collaboration tool
A tool developed with industry to help North Sea oil and gas companies meet new, legal requirements for collaboration has been launched by the Oil and Gas Authority (OGA).
Chairman Langlands hails £620m sale of Exova as ‘good outcome’
Testing group Exova has agreed to be snapped up Element Materials Technology Group for £620.3million.
First Marine and Interocean launch moorings collaboration
A mooring specialist company owned by oil tycoon Ian Suttie has struck an alliance with Interocean Marine Services after it acquired £5million of offshore equipment.
Decipher lands North Sea Orlando deal
North Sea start-up Decipher Energy has confirmed a deal to buy up North Sea assets out of administration.
Bourbon Dolphin remembered 10 years after disaster
A marine disaster which caused the greatest loss of life in the North Sea since Piper Alpha has been remembered ten years after the Bourbon Dolphin capsised with the loss of eight lives.
PhD wins £90,000 support for microfluidics “lab on a chip” start-up
A University of Aberdeen graduate who has turned his PhD into a business idea has been awarded a prestigious Enterprise Fellowship by the Royal Society of Edinburgh.
NOV set to cut dozens of jobs in Angus
Oil services giant National Oilwell Varco (NOV) is cutting dozens of jobs in Montrose, in what has been described as a “massive blow” for the area.
Premier Oil forging ahead with North Sea Tolmount project
Premier Oil is pressing ahead with work on its £435million Tolmount project in the South North Sea
Saltire shrugs off £40million write down and invests in growth
The owner of an Aberdeen oil drilling equipment rental firm has pledged to continue investing in the business despite writing £43.2million off the value of its assets.
Pilot programme for redundant oil and gas leaders to be launched
A new entrepreneurship initiative to support senior oil and gas professionals who are either facing redundancy, or have been made redundant, is set to be launched in Aberdeen.
Fithandel in liquidation with 7 jobs lost
An Aberdeen-based company owned by a french multinational oil and gas piping specialist has been put into liquidation with the loss of seven jobs.
Work commencing on £2.6billion Beatrice wind farm energises north of Scotland
Offshore construction of the Beatrice wind farm has started, with developer SSE reporting the successful installation of the first foundation piles.
Piper Alpha lawyer joins new firm
A lawyer who came to prominence in the aftermath of the Piper Alpha disaster has returned to offering front line legal services.
SNC-Lavalin indicates £2billion bid for Atkins
WS Atkins shares surged more than 26% after it received a tentative takeover offer from Canadian engineering giant SNC-Lavalin which values the firm at £2billion.
Oil price more important than Brexit or Scotref
The price of a barrel of oil is more important to the health and performance of North Sea firms than either Brexit or another Scottish independence referendum, an audience in Aberdeen heard yesterday.
OGTC on track to unlock North Sea potential
Progress at the £180million Oil And Gas Technology Centre (OGTC) is continuing as key aspects of its efforts to unlock the potential of the UK North Sea are put into place.
RockRose continues North Sea spree
London-listed RockRose Energy has continued its North Sea buying spree with the acquisition of assets formerly owned by collapsed First Oil.
£1million to fully fund “risk averse” oil and gas projects
Two oil and gas innovation and research bodies are offering more than £1million to fully fund industry development projects with Scottish universities.
Ogic backs four new oil and gas tech projects
The body that connects oil and gas firms with university researchers have backed four new projects with £230,000 of funding.
Premier Oil gains £44million on final private lender “lock in”
Premier Oil enjoyed a near 16% boost to the value of its shares yesterday after it revealed a “lock in” of the last private lender to sign up to its long proposed refinancing.