Well services in UK worth record £1.9bn
Firms delivering well services in the UK North Sea generated record gross revenue of £1.9billion in 2012, a survey has found.
Firms delivering well services in the UK North Sea generated record gross revenue of £1.9billion in 2012, a survey has found.
EFC Group has opened a new manufacturing plant in Moray and added to its local workforce.
North Sea oil firm Lochard Energy is being acquired by Aberdeen-based Parkmead Group in an all-share deal worth £14.5milion, the companies announced yesterday.
Statoil said today that an oil rig project under development with Aker Solutions has overshot its budget and target weight.
Energy giant BP has set aside £1.9billion to continue developing one of the world’s biggest oil fields this year. It spent £1.4billion on Rumaila, in Iraq last year, and boosting output from the field is vital for the country to realise its ambition of raising oil exports to 6million barrels per day (bpd) by 2017.
Plans to redevelop the UK headquarters of oil giant Royal Dutch Shell have been approved, the joint venture behind them has announced.
A Scottish fabrication business is to recruit 100 people after winning another lucrative contract for a major North Sea gas project.
Dron and Dickson, a Scottish specialist in design, supply and maintenance of hazardous-area electrical equipment, has opened a base in Brazil.
Scots will be relying on a volatile revenue stream to pay for new hospitals and schools if they vote for independence, the UK energy secretary has claimed.
An Aberdeen energy service business said yesterday it wanted to recruit more than 200 people after buying £100million of new vessels.
Oil and gas engineering company Fabricom Offshore Services said yesterday it was relocating its Aberdeen office to larger premises after winning new business.
Energy giant Shell said yesterday it had already started the search for departing chief executive Peter Voser's successor.
AGR Petroleum Services said yesterday it had signed an £18million deal with Genel Energy.
A collaboration aimed at inspiring the next generation of petrophysicists into the energy sector has been hailed by an industry leader as an "invaluable catalyst" towards helping to address the worldwide skills shortage in the oil and gas industry.
Abu Dhabi energy giant Taqa said yesterday it was considering ways to increase investor interest in its shares.
Harkand, which has its European headquarters in Aberdeen, announced a big US acquisition yesterday.
A Highland logistics firm is planning to add to its workforce after agreeing to extend its activity at a Caithness port.
Oil and gas firm Talisman Energy said today oil production had started from its Hai Su Trang and Hai Su Den (HST/HSD) developments, offshore Vietnam.
Xcite Energy said today it had sold technical data from two of its wells at the Bentley field for £9.9million to an undisclosed purchaser.
North-east politician Sir Robert Smith met apprentices from oil service group Subsea 7 to promote Scottish Apprenticeship Week.
The largest UK independent oil producer is planning a new North Sea headquarters to support its future growth plans.
Private equity firm Graphite Capital said yesterday it had completed the sale of Dominion Gas to Praxair for an undisclosed sum.
The robust offshore wind project pipeline, which became apparent between 2008 and 2010, saw many installation contractors place orders for new vessels, well aware that supply would be constrained otherwise.
Spanish utility Iberdrola has completed the geophysical studies for the proposed 400MW offshore windfarm due to be built in the Baltic Sea.
Oil price fixing has come under the spotlight again as Spanish energy regulator CNE said today three oil companies may have colluded to increase fuel prices at the pump.