Aker completes £20m acquisition of Reinertsen
Aker Solutions said today it had completed it £20million deal to buy a rival Norwegian oil services firm.
Aker Solutions said today it had completed it £20million deal to buy a rival Norwegian oil services firm.
Engineering consultancy ABB has clinched a £230million deal to supply technology that will help connect the French and UK electricity networks.
An Aberdeen-based group of energy consultancy firms has kicked off its expansion drive with the acquisition of a US firm.
A platform maintenance backlog will “catch up” with North Sea operators, ushering in a first peak in decommissioning work, analysts have said.
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Airswift has opened a new office in London to support the energy sector recruitment firm’s expansion plans.
International oilfield service firm Hunting said today that its chief executive had agreed to step aside once a replacement is found.
Quality assurance giant Intertek said today that it had snapped up a German automotive testing services firm.
Our interconnected, digital world continues to develop at tremendous pace, and the benefits to healthcare are illustrated with the introduction of online digital consultation.
North Sea firm Serica said it was on the acquisition trail despite a decline in turnover and profitability last year.
A battery the size of four shipping containers is being installed at a power plant to help keep electricity supplies stable, energy firm E.ON said.
The green sector generated more than £43 billion and employed nearly a quarter of a million people in 2015, official figures suggest.
Offshore accommodation provider Prosafe said today that its dispute with Westcon Yards over a rig contract could be heard in court again later this year.
Gulf Keystone Petroleum (GKP) narrowed its losses in 2016 after enjoying a year of “safe and secure operations” in its stomping ground of Kurdistan.
Shell has agreed the sale of its 50% stake in New Zealand’s second largest gas field.
Oil and Gas UK (OGUK) has sounded the call for nominations as it prepares to celebrate the champions of North Sea safety.
ExxonMobil and Qatar Petroleum have signed a contract with Cyprus to explore a block in the Mediterranean Sea.
On a global level, 2015 and 2016 marked the lowest level of new conventional oil discoveries since 1952. In 2016, only 3.7 billion barrels of conventional oil were discovered, roughly 45 days of global crude consumption or 0.2 percent of global proved reserves. Globally, exploratory drilling fell by almost 20 percent in 2015 and fell even further in 2016. Russia's exploration activities, which were hit not only by plummeting oil prices but also by a targeted sanctions regime, suffered a double blow during this period. In 2015, only seven new hydrocarbon discoveries were made in Russia, three of them in the Baltic Sea. In 2016, oil and gas companies in Russia discovered 40 prospective fields, however, the 3P reserves of the largest among them, Rosneft's Nertsetinskoye, amounted to 17.4 million tons. This stands in stark contrast with pre-sanction period achievements, for instance, 2014's largest find, Pobeda, is believed to contain 130 million tons of oil and 0.5TCm of gas.
Our individual time frames affect the way we view and understand history – and as an effect, the way we react to our current business climate.
Energy service firm Intecsea has designed a range of floaters which it claims can reduce project costs by $500million to $1.2billion.
A student and an academic from Aberdeen University have both been nominated for a distinguished green energy awards.
A flotilla of trawlers are to comb a swathe of the Atlantic off north-west Ireland in the continued hope of finding two winchmen missing from a crashed search and rescue helicopter.
The GMB trade union said today it was “hugely concerned” about the future of the Moorside nuclear plant in Cumbria.
CHC Helicopters has won a contract to provide flights for Faroe Petroleum’s exploration drilling campaign at the Norwegian North Sea Brasse field.
Theresa May has pushed for one of the world’s largest companies to list its shares on the London Stock Exchange during talks in Riyadh.