The deadline for final bids for crashed oil and gas operator Oilexco North Sea (ONS) passed yesterday, with restructuring experts giving nothing away about the progress of the selloff.
Oil & Gas
PROSPECT, an Aberdeen-based subsidiary of subsea service firm Hallin Marine, said yesterday it was poised to grow its workforce from 50 to about 100 employees within two years.
Talisman Energy, the Canadian oil and gas operator which has significant interests in the UK North Sea and Norway, said yesterday that 2008 was a year of change for the company.
Senergy, the diversified energy industry service provider, said yesterday it was aiming to build on growth to date which had resulted in annual turnover rising to £70million.
PLANS are being made to step up pressure on the government to act to maintain offshore development despite the recession, following a meeting in Westminster last night.
International energy service company Wood Group revealed yesterday that pre-tax profits for last year surged by 48% to £274.3million.
Valiant Petroleum is to take full control of two northern North Sea finds.
A LEADING figure in the global energy business has been appointed as the new chairman of the Offshore Contractors' Association.
UNSECURED creditors of Tuscan Energy (Cragganmore) are likely to get at least some of their money back, joint administrators for the firm have revealed.
SAFETY and training will not be compromised, however severely the recession hits the North Sea oil and gas sector.
AN ANNUAL survey of Scotland's oil and gas supply chain has revealed 10% growth in yearly sales to a record £14.2billion - but also highlighted uncertain times for the sector ahead.
The chief executive of international oilfield service group Expro said yesterday it continued to perform extremely well, despite one of its owners writing down the value of its investment in the company.
ABERDEEN oil firm Faroe Petroleum said yesterday that Tim Read had been appointed to its board as a non-executive director.
March 3-4: SPE Research & Development Conference, Lisbon, Portugal. Organiser: Society of Petroleum Engineers - e-mail email@example.com
For many years, OPITO was known only for its role in regulating training delivery to industry standards. In fact, we were often referred to as the "standards police".
"INITIATIVE rich but action poor" - that's how our industry has been described. There has certainly been no shortage of ideas about how we can improve our methods of working to take cost out of the supply chain; but sometimes the pace of the uptake of initiatives leaves more than a little to be desired.
The global credit crisis is changing day to day, forcing many individuals and businesses to make non-routine decisions in times of uncertainty. Against this volatile backdrop, companies operating in the oil&gas sector face an increased risk of employee fraud and risk of corrupt practices.
The core task of the Offshore Supplies Office (OSO) was to raise the domestic content of UK North Sea expenditure to at least 70%. As Britain struggled to get to grips with its offshore oil&gas prize in the early years, it was deemed vital that the orders for platforms, pipelines and equipment were not lost overseas.
I am currently working and living in Sarajevo, the capital of Bosnia and Herzegovina. I had no gas in my apartment for four days when Gazprom/Russian Federation stopped supplies to Ukraine.
Two family stores, two energy services groups, a family recruitment enterprise, a football-club chairmanship and a passion for golf mark Roy MacGregor out as something of an action man.
HOUSTON-HEADQUARTERED Paragon Engineering is, through a joint venture with Prodoil of Angola, spearheading a drive to raise the standard of young local engineers in the West African state.
FRUIT and veg may be good for you but, in 10 years' time, we could be replacing fossil fuels and helping to save our planet by using the inedible bits we throw away to run our cars, boats and planes.
Scotland came a creditable second to Iceland in the final of an international student petroleum exploration competition, the roots of which lie in the Faroe Islands.
After the recent spate of cold weather, we are all now looking forward to spring and the promise of some sunshine and warmth. But what about those who have to work outside in the cold and in the middle of the North Sea?
AN ABERDEEN-BASED partnership has launched a new global index developed to quantify the difficulty of drilling wells. Its successful action should lead to large savings on well costs.