PETROBRAS is ordering 12 new ultra-deepwater drilling rigs capable of operating in waters 2,400-3,000m of water.
Oil & Gas
Norwegian company Sevan Marine can press ahead with building two more of its innovative drilling rigs thanks to winning contracts worth more than $1.5billion - one with Oil and Natural Gas Corporation (ONGC) of India, the other with Petrobras of Brazil.
Halfway through 2008 and it is timely to make a comparison with 2007 activity levels. It turns out that UK exploration drilling has almost doubled compared with the same period last year - 15 spuds versus 29.
Wind energy "can only play a negligible role in plugging Britain's looming energy gap", according to the UK's Centre for Policy Studies.
A "hydrogen corridor" is being planned by the Scottish Hydrogen & Fuel Cell Association for the road between Aberdeen and Peterhead. It would complement the Energetica economic development project that is in the early stages of being rolled out in the Scottish north-east.
CANADIAN oil and gas operator Oilexco said yesterday its Oilexco North Sea subsidiary had signed an agreement with the Royal Bank of Scotland to increase its credit line to about £500million.
Australian company Origin Energy urged shareholders yesterday to reject BG Group's £6.7billion hostile takeover.
Four brothers who founded a fast-growing oil service firm in the north-east less than seven years ago are to share nearly £100million following its sale yesterday.
Offshore oil operators were accused last night of deliberately delaying maintenance operations to produce as much oil as possible to exploit sky-high world prices.
Scottish haulage bosses left London last night "deeply disappointed" after the UK Government defied a demonstration against soaring fuel costs.
INTERNATIONAL energy service company Hunting said yesterday that trading conditions continued to be robust and the board remained confident on the outlook for 2008.
A NORTH-EAST supplier of offshore accommodation modules and containers for the international energy industry yesterday reported record growth in 2007.
THE Holyrood committee which blamed civil servants for banning former deputy first minister Nicol Stephen from championing Aberdeen's case to host a £1billion energy institute was itself accused last night of "missing the point".
The Aberdonian chief executive of international oilfield service group Expro has predicted a "fantastic future" for the business under its new ownership.
Venture Production said yesterday it had continued to make solid progress in developing new assets in the first half of 2008 despite the delay of first oil from the Chestnut field.
The cost of oil surged to a new record near $144 a barrel yesterday as oil company bosses gathered in Madrid to discuss rocketing prices.
The minister who will lead the Piper Alpha commemorations said the pain of the disaster could be felt across an entire city.
A consortium led by ScottishPower has qualified as an entrant in the UK Government's competition to develop Britain's first commercial scale carbon-capture and storage (CCS) project.
Forth Ports and Scottish and Southern Energy (SSE) said yesterday they were to develop renewable-energy projects around Forth Ports sites in Scotland and England.
Former deputy first minister Nicol Stephen was gagged by civil servants when he tried to secure a £1billion energy institute for Aberdeen, it can be revealed today.
Treasury ministers face renewed pressure in the Commons to take action to cool soaring fuel prices.
Well management company AGR Petroleum Services has bought Aberdeen's TRACS International Consultancy in a deal worth £20million.
Oil and gas operator Oilexco has announced a "significant" discovery in UK waters.
OIL prices reached a new record high yesterday before falling back as the London market ended a volatile session in positive territory.
ABERDEEN-BASED software, training and consultancy specialist Monitor announced a contract win yesterday for the oil industry worth a six-figure sum.