GLOBAL energy consultancy Poyry has strengthened its Aberdeen team with three senior promotions to board level as it drives forward its expansion plans for North Sea activity.
Oil & Gas
THE shortlist for the British subsea industry's awards has been revealed.
International oil and gas facilities service provider Petrofac said yesterday it had won a £1.68billion contract in the Middle East.
INTERNATIONAL energy service giant Schlumberger said yesterday it would emerge from the economic downturn a stronger company, better positioned to participate in the anticipated upturn.
The UK oil and gas industry formally opened the new headquarters of its £1.5million skill academy in the north-east yesterday.
More than 1,000 North Sea contractors will see their pay cut by an average of 10% as oil companies feel the impact of lower crude prices.
Hopes of an early start to what would be the first commercial oil operation in Caithness have been dashed.
ExxonMobil says it has discovered oil in deep water off Rio de Janeiro, near massive fields that could hold as much as 80billion barrels, it was reported yesterday.
Faroe Petroleum said yesterday a well and sidetrack well on the Breagh gas discovery in southern North Sea block 42/13 had been tested successfully.
Sovereign Oilfield Group, of Aberdeen, said yesterday that its chief executive, Graham Burgess, and deputy chairman, Peter Felter, had pledged their total stakes in the firm as security against loans.
MPs have launched an inquiry into the state of the North Sea oil and gas industry in an attempt to underline the continuing need for government support.
MARINE personnel-transfer specialist Reflex Marine, of Aberdeen, launched its latest system for the offshore sector yesterday.
Tullow Oil, which has had a string of exploration successes in Africa, said yesterday it had successfully concluded a share placing with new and existing institutional investors to raise £402million.
ENDEAVOUR International said yesterday it had drilled an appraisal well on the undeveloped Rochelle discovery in block 15/27 in the outer Moray Firth.
ENVIRONMENTAL service group Steminic has acquired the UK business and assets of north-east rival ITS Drilling Services in a deal worth about £1million.
BRIDGE Resources, the Denver-based oil and gas operator which focuses wholly on the UK North Sea, held a reception in the Marcliffe Hotel, Aberdeen, last night to mark its success in bringing the southern North Sea gas field Durango into production at the end of November.
Russian natural gas began flowing into Europe yesterday after a nearly two-week cut-off that left large parts of the continent shivering.
NOF Energy is seeking exhibition partners for an industry showcase in the Granite City next month.
Offshore Hydrocarbon Mapping, the Aberdeen-based oil and gas survey company, yesterday welcomed a UK High Court decision to revoke three key patents granted by the European and UK patent offices to Norwegian firm EMGS.
Scottish contracting and service firm Global Energy Group is poised for another year of strong growth after seeing annual turnover climb to about £130million, chairman Roy MacGregor said yesterday.
Oil and gas explorer Cairn India, majority owned by Edinburgh-based Cairn Energy, said yesterday it had received Indian government approval to develop more discoveries.
AKER Solutions said yesterday its fourth-quarter results would be hit by an accounting loss.
Aberdeenshire oil and gas technology company Tritech said yesterday that John Smith, previously technical director of fellow Halma Group business Sonar Research and Development, had been appointed technical director.
THE UK Government was urged last night to increase support for the exploitation of North Sea gas reserves in the wake of Russia's dispute with the Ukraine which cut off supplies to Europe.
MILITANTS said yesterday the Nigerian military botched a rescue mission aimed at liberating two British hostages captive in the country's southern oil region.