Venture Production, the Aberdeen-based oil and gas operator, has reported a record financial performance in 2008.
Oil & Gas
ABERDEEN-BASED mechanical service company EnerMech has won a contract with Talisman Energy Norge worth about £550,000.
BG GROUP has taken a further step towards buying Australian coal-seam gas producer Pure Energy Resources for about £480million after rival bidder Arrow Energy, of Australia, decided to let its offer lapse.
PETROFAC Training has landed a £3.5million contract with oil giant BP which will lead to 10 jobs in the north-east.
THE UK Government was warned last night that bigger tax concessions may be needed to encourage companies to extract gas from fields west of Shetland if too much attention is paid to environmental concerns.
THE secretary-general and chief executive of the Arab-British Chamber of Commerce (A-BCC) will be in Aberdeen tomorrow.
OIL & GAS UK is looking for young professionals to give their views on the future of the industry.
Sterling Resources has taken over operatorship of the Sheryl oil discovery in the central North Sea from Oilexco North Sea (ONS), which went into administration in early January.
INDUSTRIAL service provider BIS Salamis has hailed an innovation day it held yesterday at its skill centre in Broadfold Road, Bridge of Don, as a great success.
NORTH-EAST company Advanced Coating Initiative (ACI) is anticipating a strong boost to its finances from future sales of a product aimed at extending the life-span of components operating in harsh conditions.
ENGINEERING project-management group AMEC said yesterday its oil and gas business had made a major contribution to record financial results for 2008.
OFFSHORE Hydrocarbon Mapping, the Aberdeen-based specialist in controlled-source electromagnetic (CSEM) imaging surveys for the oil and gas industry, said yesterday that revenue for the half-year to February 28 was expected to be about £6.1million.
Offshore oil and gas contractors have been alerted to a £15billion market for services needed to abandon nearly 5,000 platforms and subsea wells in UK waters.
MELROSE Resources said yesterday it had signed a farm-in agreement with Sterling Resources under which it would earn a 32.5% interest in two blocks in the Black Sea, offshore Romania.
CAIRN Energy, the Scottish oil and gas operator, said yesterday it had completed a placing of more than 6.5million new shares with institutional investors.
Oil and gas companies last night urged the UK Government to deliver them a Budget boost of tax reliefs - as they revealed the collapse of bank lending to smaller firms is threatening developments in the North Sea.
APEX Tubulars Inspection Services, the Aberdeen-based provider of casing and drillpipe inspection and repair services to the oil and gas industry, has defied market conditions and responded to client demand by investing £1million in a new machine shop, creating 12 jobs.
SCOTTISH engineer Weir Group said yesterday that 2008 had proved to be the best operating year in its history.
A TRAINING event focusing on the energy industry will be held in Aberdeen next month.
THE finalists for this year's Scottish Offshore Achievement Awards - known as the Oil Oscars - have been announced.
Tullow Oil said yesterday it had secured £1.43billion in reserve-backed loans to replace existing debt and to fund future capital commitments, including development of its world-class Jubilee discovery offshore Ghana.
A North Sea union leader pledged last night that the fight to win paid holidays for thousands of offshore workers will go on, despite a setback at an employment appeal tribunal.
OIL service group Petrofac said yesterday that, despite the severe downturn in the global economic outlook, it could report excellent growth in 2008 and was well positioned for further strong growth in 2009 and beyond.
THE UK Government was urged last night to head off the threat posed by a Brussels bid for tougher restrictions on greenhouse gas emissions that could hit the offshore oil and gas industry hard.
An emerging player in the venture-capital market, Edinburgh-based Par Equity, has teamed up with Aberdeen-headquartered Senergy Alternative Energy.