OIL explorer Petrel Resources said yesterday it had raised more than £1.8million through the placing of shares with three long-standing institutional shareholders.
Oil & Gas
A troubled Aberdeen-based oilfield service company yesterday announced the sale of two operations to raise £5.45million.
Dozens of oil companies are said to be in a strong position to seek compensation from the Venezuelan government after it seized control of operations in the country.
Organisers of the world's most important oil and gas show are delighted at the success of this year's event, despite the impact of the economic downturn and swine flu.
MELROSE Resources, the Edinburgh-based oil and gas operator, said yesterday it had made a gas discovery and achieved first production from two new field developments in Egypt.
AN ABERDEEN company providing marine technology services has picked up a top award at OTC.
Scottish Enterprise energy team director Brian Nixon said yesterday it was more important than ever for Scottish companies to look to new markets.
Three of Clydesdale Bank's senior staff from the Aberdeen office are at OTC to let the industry know that the bank is still open for business.
HOUSTON-BASED crane firm Energy Cranes has experienced rapid growth in the past 18 months.
Union bosses are poised to appeal to Scotland's highest civil court over a ruling that offshore workers are not entitled to extra paid leave under working-time regulations.
SCOTTISH Secretary Jim Murphy said last night that North Sea workers commuting to platforms offshore by helicopter may have personal safety beacons restored to their survival gear.
THE chief executive of offshore accommodation firm Ferguson Modular, part of the Inverurie-based Ferguson Group, is at OTC to promote the company's growing international business.
RBG USA, a subsidiary of Aberdeen group RBG, is claiming an industry first.
North-east oil service company Aker Qserv sees Houston as a key centre from which to expand its international development.
Pressure for more tax relief to encourage offshore exploration and ease the threat to North Sea jobs was stepped up last night.
ENGINEERING specialist STATS Group is to set up a branch in Texas.
ENGINEERING and construction group Subsea 7 has a new vice-president with north-east roots at the helm of its North America region.
Proserv Offshore, which has its global headquarters at Kintore, in Aberdeenshire, has launched new decommissioning service Proserv Energy on its stand at OTC.
Faroe Petroleum, the Aberdeen-based oil and gas operator, said yesterday it had been awarded a new exploration licence in the Norwegian Barents Sea.
OIL and gas giant BP is branded "senile" by environmental groups Greenpeace and Platform in a new advertising campaign launched today.
Aberdeen-based international energy service company John Wood Group has acquired Australian firm Proteus Global Solutions for between £13.5million and £20million.
The global downturn in the oil and gas industry means it is now more important than ever for companies to showcase themselves, according to an organisation promoting the energy industry in the north of Scotland.
SCOTTISH Energy Minister Jim Mather was impressed when he visited Scottish exhibitors at OTC yesterday.
Offshore oil and gas activity in mature provinces such as the North Sea was said yesterday to be more at risk than deepwater areas such as west Africa in the current economic downturn.
Aberdeen-based International Tubular Services, a global supplier of oilfield products and services, has announced the formation of new company ITS Arabia, following a joint-venture agreement with Shoaibi Group, one of the leading Saudi players in the oil and gas industry.