Wood Group said yesterday it had landed a North Sea contract from US oil and gas company Hess worth up to £50million a year.
Oil & Gas
MORE than 500 people attended an Oil and Gas UK event in Aberdeen last night honouring the achievements of people and companies that had made outstanding contributions to the success of the energy industry.
TAQA Bratani, the UK subsidiary of the Abu Dhabi national energy company, said yesterday it had secured drilling rig Stena Spey on a six-month contract.
A record turnout of more than 1,000 delegates attended an annual oil and gas industry event in the north-east yesterday.
Aberdeen company DW Technology Services has changed hands in a seven-figure deal.
The Aberdeen office of AGR Petroleum Services (AGR) said yesterday it had won an £875,000 contract to evaluate oil and gas reserves on behalf of Pakistan's national oil company.
There has been a change of ownership at Aberdeen-based engineering companies DE Engineering and DE Hydraulics.
OIL and gas operator Talisman Energy posted a jump in net income yesterday for the third quarter of 2010.
Oil giant BP announced a return to profit yesterday despite a further hit of £4.8billion from the Gulf of Mexico disaster.
Shares in Aberdeen-based Faroe Petroleum fell yesterday after it said drilling on the Anne Marie exploration prospect off the Faroe Islands had failed to find thick reservoir sands.
Scottish engineering company Weir Group upgraded its profit forecast yesterday as it reported a continuation of the progress that helped it to break into the FTSE 100 recently.
EFFECTIVE well intervention is key to prolonging and sustaining the life of brown fields, especially in the North Sea, says Daniele Petrone, current chairman of the Intervention and Coiled Tubing Association European Chapter (ICoTA).
China's wind-based power generation capability could hit 230GW (gigawatts) of installed capacity by 2020 ... equivalent to 13 times the current capacity of the Three Gorges Dam.
It's been a colourful and action-packed time in oil and gas. The ongoing saga between Tullow Oil and the Ugandan government over tax continues to raise eyebrows while Cairn's oil discovery in Greenland has caused a stir. Then there's the prospect of the largest share deal yet - the $67billion equity issue by Petrobras in Brazil.
While the law changes on a daily basis, its evolution generally goes unnoticed by the majority of the public. It is therefore not often that changes to the law have a radical and far-reaching impact as those arising from the new Bribery Act 2010 and Equality Act 2010. These two Acts impact all UK businesses and the oil and gas industry should take note of both important new laws.
While for this month's column it was my intention to focus on the wider issue of crisis management, the interest highlighted at a recent seminar hosted in conjunction with the Africa Business Centre (ABC) refocused my attention.
The end of this month will see the oil and gas industry presented with an opportunity to contribute to the continual evolution of world-class industry practices designed to protect our workforce as OPITO stages the first international conference focused on global safety and competency.
It is fair to say that uncertainty over levels of future gas demand is at the highest in decades.
If you care about the future of the oil and gas industry, don't miss this event.
BP describes it as the Ultimate Field Trip. The winning team of the 2011 contest will get the opportunity to experience and contribute to the real challenges facing this super-major today during a six to eight-week paid summer internship.
While it is far from clear what impact the combined impacts of the credit crunch, recession and wobbles in the oil prices has had on energy-related graduate recruitment, some organisations appear to be holding firm to the commitment.
The idea is blindingly simple. Massive quantities of precious crude oil could be saved through the simple expedient of not wasting food.
Iowa State University's Christopher Williams was just trying to see if adding bio-oil to asphalt would improve the hot and cold-weather performance of pavements.
Billed as radical by Manchester University, biomass-based district heating is being touted as being capable of dramatically cutting residential greenhouse gas emissions.
The global ocean energy sector is at a turning point, with over 45 wave and tidal prototypes expected to be ocean tested in 2010 and 2011, after only a dozen were installed in 2009, according to US analysts IHS Emerging Energy Research.