Reasons for cautious optimism among diving contractors in 2021
Diving contractors have good reason to be cautiously optimistic for the rest of 2021, according to new research from Aberdeen-based energy market intelligence firm Archer Knight.
M&A to provide growth platform for firms in 2021
Mergers and acquisitions (M&A) will provide a platform for growth for many firms this year, a leading north-east expert said yesterday.
THREE60 Energy hires experienced projects director
Aberdeen-based THREE60 Energy has revealed a “strategic addition” to its engineering, procurement, construction and commissioning (EPC&C) arm.
2020: ‘A year of two halves’
Corporate and commercial lawyer Rod Hutchison has described 2020 as “a year of two halves” in terms of deal-making.
North-east firm lifts its biggest contract yet in Caspian region
Aberdeenshire firm Safelift Offshore has hit the ground running in 2021, with the announcement of its biggest contract yet.
RigQuip expands its US presence as two directors appointed
An Aberdeen-headquartered drilling equipment inspection and maintenance firm has expanded its US division, with bigger premises and the appointment of two Houston-based technical directors to manage its international operations.
Drager group opens new division hiring out lifesaving kit across UK
Lifesaving equipment specialist Drager Safety UK (DSUK) is today announcing the launch of a new Aberdeen-based equipment hire division.
BP North Sea headquarters to receive a ‘green’ makeover
A global property investor aims to make BP’s North Sea headquarters in Aberdeen a beacon of the city’s green credentials.
Simmons boss says 2021 shaping up to be exciting period for M&A
This year is shaping up to be an exciting period for mergers and acquisitions (M&As) in the oil and gas industry, according to Aberdeen-based energy finance expert Mike Beveridge.
Start-ups tackling global ‘emergency’
Eight start-ups from throughout Scotland are the first to benefit from an innovative accelerator programme focused on environment-friendly transport and low-carbon energy.
Sparrows in ‘very resilient’ position to face challenges
Sparrows Offshore Group said yesterday it was “in a very resilient position” to navigate the current economic pressures of the coronavirus pandemic.
Hydrogen-powered bus making its way across Irish Sea to city’s stops
The first of a fleet of 25 new hydrogen buses bound for Aberdeen left its manufacturer’s factory in Northern Ireland yesterday.
Archer Knight reports an ‘exceptional’ uptake for its latest cash-for-equity offer
Archer Knight, the Aberdeen-based subsea market intelligence and consultancy, has reported an “exceptional” uptake for its latest cash-for-equity offer.
Blended learning enters renewables sector
The phrase “blended learning” was in vogue for a spell as Scottish education authorities mulled a combination of home study and part-time attendance at school amid the Covid-19 pandemic, and now the idea has taken off in the renewables industry.
FTSE nudges up, Brent crude nears $45
The FTSE 100 Index eked out a gain of 8.21 points, or 0.13%, to 6,269.73 today, as traders continued to show caution despite recent progress towards a vaccine for Covid-19.
NXG on the hunt for new opportunities overseas
Drilling technology and services group NXG Global Group, of Aberdeen, plans to create at least 10 jobs and grow internationally by the end of the year.
FTSE 100 dragged lower by Rolls-Royce, National Grid and BP
London’s blue-chip FTSE 100 Index fell 106.54 points, or 1.73%, to 6,049.62 as Covid-19 continued to weigh heavily on the world’s leading financial markets today.
FTSE 100 falters amid subdued sentiment in London
The FTSE 100 Index failed to hold on to Monday’s gains today, despite a rally for stocks on Wall Street overnight.
GDi offers industry new laser scanning approach
Fast-growing oil and gas technology firm GDi is targeting new business from North Sea operators looking to save cash during and beyond the latest industry downturn.
FTSE 100 and Brent crude make gains
The FTSE 100 Index edged up a further 822.22 points, or 1.4%, to 5,935.98 today.
Brent slips back into reverse
Brent crude oil was down about 6.5% at $28.96 per barrel at the London market close despite spending much of today on the advance.
Brent crude rockets nearly 12%
The price of a barrel of Brent crude surged above $30 on Tuesday amid growing hopes that global demand for oil is rising again.
Archer Knight plans £1m cash for equity fundraiser
Subsea market intelligence and consultancy firm Archer Knight is planning a £1 million cash for equity fundraiser.
Oil prices start the week positively
The FTSE 100 started the week slightly in negative territory but oil prices were up amid hopes new production cuts can reduce a massive global oversupply.
Brent up nearly 8% ahead of global oil production cuts
Brent crude oil was up by nearly 8% to $26.16 per barrel by the London market close today.