THE boss of international oil and gas service contractor PSN said yesterday that it remained cautiously optimistic for the year ahead.
Oil & Gas
ATTEMPTS by gas firm Centrica to reduce its exposure to volatile wholesale prices continued yesterday with a £22million UK North Sea acquisition.
ABERDEEN-BASED oilfield service company Dominion Gas is opening a new gas plant in Ghana, west Africa, and an office in Perth, Australia.
US ENERGY service giants Halliburton and Weatherford posted fourth-quarter results yesterday.
Environmental experts have given the green light to a massive expansion of offshore windfarms and continued development of North Sea oil and gas reserves.
SCOTLAND must be able to export electricity generated from renewable sources if the Continent is to achieve long-term energy goals, according to a senior European Commission official.
OIL and gas engineering service business Plexus Holdings said yesterday it had secured a 25% increase in its banking facilities.
Two oil service giants employing thousands of people in the Aberdeen area said yesterday that jobs will go as the worldwide economic slump began to take its toll on the energy industry.
An Aberdeen-based engineering consultancy is being bought by international engineering and project-management company AMEC for up to £19million.
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.
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.
ENDEAVOUR International said yesterday it had drilled an appraisal well on the undeveloped Rochelle discovery in block 15/27 in the outer Moray Firth.
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.
NOF Energy is seeking exhibition partners for an industry showcase in the Granite City next month.
ENVIRONMENTAL service group Steminic has acquired the UK business and assets of north-east rival ITS Drilling Services in a deal worth about £1million.