Motorists across Scotland ignored pleas not to panic-buy fuel yesterday as offshore operators warned the closure of the country's only oil refinery would cost the economy £50million a day.
Oil & Gas
There was widespread rationing of fuel at filling stations across the north-east yesterday as forecourts tried to eke out their supplies.
With energy prices soaring and oil-company ranks thinning through retirement, petroleum-engineering graduates have become a hot commodity in the US.
CRANEAGE company Sparrows Offshore has secured a two-year contract with Fairfield Energy covering operations in the newly acquired UK North Sea Dunlin field.
THE Norwegian government is increasing its ownership of StatoilHydro from 62.5% to 67% - at a cost of about $4billion.
AMEC has won a $100million contract with Syncrude Canada to begin early project development for the company's Mildred Lake and Aurora operations in northern Alberta.
THE Norwegian Petroleum Directorate (NPD) has reported that the exploration well drilled by ConocoPhillips Skandinavia on block 2/4 of the Norwegian sector of the North Sea failed to encounter hydrocarbons.
IRISH company Providence Resources has contracted the semi-submersible drilling rig, GSF Arctic II, for its Celtic Sea drilling programme of two firm wells plus an option offshore Ireland this summer. The company said it confirmed the presence of a significant oil accumulation at the Hook Head structure with the drilling last autumn of the 50/11-3 appraisal well. Providence logged a total of 75ft of net hydrocarbon-bearing reservoir in a 484ft gross hydrocarbon-bearing interval.
Perry Slingsby Systems (PSS) has secured a contract with DOF Subsea to supply 10 new-generation Triton XLX ROV (remotely operated vehicle) systems - five in 2009, the rest in 2010. This order brings the number of PSS systems contracted by DOF in the last 30 months to 21.
BP says it intends to produce a further 2billion barrels of oil from its Prudhoe Bay asset in Alaska by implementing a range of production enhancement procedures over the next two or three years. More than 11billion barrels have been extracted to date.
"THE crew of the multipurpose tug boat, Svitser Korsakov, signalled the seizure from the Gulf of Aden, off Somalia, at 1.17pm, on February 1," sources at Sakhalin port authorities told Interfax.
CAMERON acquired Austrian group SBS Oilfield Equipment, which designs, builds and instals in-well rod lift pumping and progressive cavity pumping systems and provides associated services. Cameron says the addition of SBS will increase the size and geographic reach of its artificial lift businesses based in eastern Europe and will broaden its scope of products and services.
DELOITTE has seconded a member of its global Petroleum Services Group based in London to Aberdeen. For the first time, Aberdeen companies will have direct access to the specialist support and advisory services offered by the group to help them compete in today's fast-paced oil and gas industry.
THE UK Government has approved three new windfarm projects. They are:
ON FEBRUARY 21, Gazprom, Total and StatoilHydro signed a historic shareholder agreement for the creation of a company to develop phase one of the giant Shtokman gas field in the Russian sector of the Barents Sea.
EU RENEWABLE energy targets; the final report on the Transmission Access Review; important moves for microgeneration and heat; work progressing so well on the Glendoe hydro project that Scottish and Southern Energy is looking at more hydro projects; the launch of the Renewable Fuels Transport Obligation; the impending launch of Scotland's Hydrogen Futures Study; frenetic activity in the wind, wave and tidal sectors - it's certainly "all systems go" on the renewables front.
YEAR one at Caledyne was described as "OK", with a "slight loss" recorded.
THE problem is, Caledyne could soon get to a size and possess the skills that make it eminently suitable as a snack for a larger service company.
Due to the success of the supplier training sessions, supply-chain gateway FPAL has decided to expand its training programme by offering performance feedback workshops.
Caledyne was set up by three individuals, each of whom had tasted life with a fast-moving, forward-thinking Aberdeen oilfield engineering company that had been eaten up by one of the US big brands.
In today's "new world of work" , new rules apply. Generation Y is throwing its weight about and resistance is futile. Older colleagues are catching on and shrewd employers are taking note.
Despite the ongoing operating challenges for oil & gas companies in today's global economic markets, the sector remains active and continues to provide opportunities for investors.
RENOWNED petroleum industry economist Professor Alex Kemp is to lead the first of two new advanced Masters degree programmes at Aberdeen University.
THIS is your chance as a young professional - and almost certainly a university/college graduate - to influence the future course of the North Sea oil & gas industry.
The North Sea's Industry Technology Facilitator is launching a two-year talent hunt. The plan is to work with the North Sea and academia to build a pipeline of top-notch fresh faces into the energy sector by establishing industry-generated projects for use in postgraduate research .