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Markets

Nautical jumps on latest Kraken update

SHARES in North Sea energy firm Nautical Petroleum were up more than 15% yesterday after the company made an "excellent start" to appraisal activity at its Kraken field.

Oil & Gas

RSI awarded new shale project

ABERDEEN company Rock Solid Images (RSI), formerly Offshore Hydrocarbon Mapping, said yesterday that it had been awarded its fourth project in US unconventional-shale plays.

Oil & Gas

Rockhopper fuels hopes with latest Falklands find

UK oil and gas firm Rockhopper Exploration said yesterday that an oil discovery in the Falklands extended west of the original well, fuelling hopes the find was large enough to open up a new province in the area.

Markets

Brinded nets £1.4m under share plan

Oil and gas giant Royal Dutch Shell said yesterday that executive director Malcolm Brinded, the former managing director of Shell Expro in Aberdeen, had received £1.4million under its restricted share plan. It said he had received 62,857 ordinary B shares in cash.

Markets

Oil and gas investment fund secures £50m

Oil and gas service investment fund Epi-V has secured £50million of capital from mid-market private equity firm LDC, taking the total amount raised by the team to £110million.

Markets

Siemens hit by nuclear venture break-up

GERMAN industrial-machinery manufacturer Siemens - which has a gas-turbine service centre in Aberdeen - saw net profits fall sharply during the three months to June 30.

Health, Safety & Environment

Aker divisions win NHS accreditation

Aker Solutions said yesterday three of its Aberdeen-based divisions - Aker Offshore Partner, Aker Subsea and Aker MH - had received NHS Healthy Working Lives bronze awards in recognition of their efforts to improve the health and wellbeing of staff.

Oil & Gas

Ormen Lange gas going to St Fergus

Gas from the huge North Sea Ormen Lange field has been redirected to the St Fergus gas terminal near Peterhead while maintenance is carried out at Easington, in East Yorkshire.

Oil & Gas

JPM energy boss joins Wood Group board

The vice-chairman of financial service firm JPMorgan's global energy group will become a non-executive director of Wood Group on August 1. Jeremy Wilson will also join the board's nomination committee.

Markets

OEG awarded £100K contract

Offshore container manufacturer and supplier OEG Offshore (OEG), of Aberdeen, has been awarded a £100,000 contract to provide containers for worldwide use for American deepwater drilling contractor Diamond Offshore.