Upstream oil & gas merger and acquisition (M & A) total transaction value in Europe slumped to just $171million in the first quarter of 2008 after more than doubling to $5.5billion in 2007, according to US analysts John S Herold.
Oil & Gas
Ron Clark has become a "weel kent" face in the Houston oil & gas community and always turns up at the Post Oak Hilton when the Scottish group makes its annual pilgrimage to the Offshore Technology Conference in Houston.
Aberdeen-headquartered subsea project management and engineering company CSL has opened in London and is planning to set up satellites in Houston and Stavanger, most likely before the end of 2008.
Michael Engell-Jensen has left Aberdeen to take on a new, highly strategic role at Moller Maersk - to create a team of CO specialists reporting to Maersk Oil & Gas.
The Intergovernmental Panel on Climate Change is to push ahead with a full assessment of renewable energy sources and climate change mitigation for completion in 2010.
ALL-ENERGY kicks off on May 21. While the renewables community has certainly taken note and the show has, as a result, expanded into two halls, it is not so sure that the oil & gas community is paying as much attention as it should.
May 5-8: Offshore Technology Conference, Houston, US. URL: www.otcnet.org/2008. Look out for details of the Munro's/Press and Journal travel packages shortly
"THINK global, act local" - that was the motto of Percy Barnevik, who once led the Swedish-Swiss engineering group, ABB.
Wood Group is an icon of the North Sea success story and an Aberdeen company that blazed a trail internationally, to boot, initially led by its founder and chairman, Sir Ian Wood and now CEO Allister Langlands.
IS YOUR company one of the FPAL suppliers with a "data flag" attached to its registration? If so, you will be aware that this shows purchasers viewing your record that the information stored has not been updated for 18 months or more.
As you read this, OTC will be in full swing - which reminds me of one of the more unexpected events at last year's Offshore Technology Conference in Houston.
If you are reading this article, that chances are that you are one of the 3.6million people in the UK who regularly work shifts. That includes the North Sea offshore industry.
The UK Continental Shelf (UKCS) has an impressive four decades and 37billion barrels of oil and gas production under its belt, but as Oil & Gas UK frequently points out, there are still up to 25billion barrels remaining to be extracted.
Technological advances and project innovations are expanding the reach of the energy industry and raising new opportunities.
With the theme, Waves of Change, OTC 08 organisers are seeking to "reflect the industry's transition as project scopes and parameters are stretched to fulfil ever-increasing demand".
The latest Ernst & Young Country Attractiveness Index, which tracks and scores global investment in renewable energy, ranks the UK fourth equal with Spain in its league of countries attracting investment in renewable energy.
Quite rightly, I would argue, I have and will continue to harp on about the skills issues that not only the energy sector but that most others are facing.
Leading lights in the Scottish service sector are in the US this weekend as the hours tick away before the opening of the world's biggest oil show.
Output of oil and gas from the UK continental shelf increased slightly in January compared with December, but was down year-on-year, from 2,798,983 to 2,502,320 barrels of oil equivalent per day, according to the latest Royal Bank of Scotland oil and gas index.
Dana Petroleum shares rebounded yesterday after it reported new records for reserves, production, revenue, and profits in 2007.
AN ABERDEEN man has left the comfort of an energy service company to start up a new specialised rental and inspection business.
Oil giants BP and Shell were the toast of shareholders yesterday but faced anger from motorists after pumping profits of more than £3million an hour.
Hopes of an end to the Grangemouth oil refinery dispute rose last night after a proposal was drawn up to break a deadlocked row over pensions.
DOZENS of hauliers took their protest against record-high diesel prices to the streets of London yesterday.
Canadian energy group Nexen said yesterday the Buzzard field it operates in the outer Moray Firth was consistently exceeding expectations for production.