Northern Scotland's Global Energy Group predicts turnover for 2009 to leap to £170million, compared with £130million last year. The firm's chairman, Roy MacGregor, also expects to recruit another 400, mostly engineering and fabrication, personnel over the same period, which is twice the forecast of just of a few weeks ago.
Mid-February saw the Crown Estate make a number of acreage allocations in Scottish waters to would-be offshore windfarm developers.
Sevan Marine, the "round rig" oil operator, said yesterday it had received a preliminary bid for one of its rigs.
AN OIL company which has its headquarters in Aberdeen has been named as one of the best companies to work for in the UK for the third year running.
INTERNATIONAL energy services company Wood Group, which has its headquarters in Aberdeen, is to issue its year-end results on Tuesday.
SHETLAND Islands Council has backed calls for Scotland to get a share of North Sea oil revenues.
A LEADING engineer will help to create an offshore technology research and teaching centre in his new role as visiting professor with UHI.
Hunting, the international energy services company, said yesterday it was focused on four acquisitions - one with operations in Aberdeen - and was confident deals could be concluded within two months.
THE former vice-president for the UK with oil field services giant Halliburton said last night in Aberdeen that the oil industry was used to price-driven "boom and bust" cycles, but the present cycle was totally unexpected.
NORTHERN Offshore, the Oslo-listed oil and gas drilling contractor, has reported a significant increase in earnings in 2008 compared to the year before.
Cosalt, which provides safety equipment and services to the offshore oil and gas and marine industries, said yesterday that after exiting its last legacy businesses its focus on core services was paying off.
Ramco Energy of Aberdeen said yesterday the joint venture between state-owned Iraqi Drilling Company and Ramco's 32.7%-owned Mesopotamia Petroleum had agreed a deal to explore for oil in the Middle Eastern country.
A DELEGATION of UK subsea companies will head to Texas next week to showcase their skills and expertise at a two-day exhibition and seminar.
RICHARD Irvin Services Group said yesterday it had erected the first wind turbine in Aberdeen to be used for commercial purposes.
Sibir Energy, the London-listed but 100% Russia-focused oil and gas operator, said yesterday it had suspended chief executive Henry Cameron.
Offshore workers will be encouraged to "blow the whistle" and raise safety fears on offshore oil and gas platforms and drilling rigs under new rules revealed yesterday.
ESS Support Services Worldwide provides integrated catering, hotel-keeping and facilities management services to the offshore oil and gas and marine industries.
THE management team which built up PSL Energy Services to an 1,100-employee company sold for £128million are back in business together at a new north-east firm.
Dana Petroleum, the Aberdeen-headquartered oil and gas operator, said yesterday it had made a third oil discovery in the Rinnes area north-east of Shetland.
The value of deals in the worldwide oil and gas industry reduced progressively throughout 2008 before slumping in the final quarter of the year following the dramatic dip in oil prices, according to a new report.
Oil and gas engineering and construction company Aker Solutions reported yesterday fourth-quarter results which beat market expectations, and at the same time gave a positive outlook on its prospects.
Unsecured non-preferential creditors of oil company Oilexco North Sea (ONS) may not get any of their money back, it emerged yesterday.
OIL service company Baker Hughes has told 85 Aberdeen employees that they are being made redundant, it was claimed yesterday.
THE European integrated oil sector is entering a sharper and longer downturn than either the oil or equity markets imply, according to Barclays Capital, which has started its coverage of the sector with a negative view.
Oilexco North Sea (ONS), which went into administration last month, had secured and unsecured debts totalling more than £600million, the Press and Journal can reveal today.