Seismic data is one of the most powerful weapons in the upstream oil and gas industry’s arsenal. The higher the quality the greater the likelihood is that exploration targets can be assessed effectively before the drillbit turns and producing fields can be accurately managed, leading to superior recovery rates.
US independent Anadarko has made a further major gas discovery offshore Mozambique, though it has been less fortunate with its hunt for resources in Kenyan waters.
The oil industry is booming in North America where shale has become the biggest industrial success story of the decade despite mounting environmental concern about the heavy use of rock fracturing to release the prize.
Plains Exploration & Production is hiring two of Noble Drilling's ultra-deepwater drillships on order in South Korea in contracts worth about $1.4billion.
The Scottish and UK economies have gone through a very difficult period since the financial crisis first hit in 2008. We have had nearly five years of little or no economic growth.
The UK's National Hyperbaric Centre has launched new subsea-related courses in the Middle East and South Africa as part of the company's global expansion plans to meet growing demand from clients.
The first consignment of new drilling hardware designed to combat abrasive drilling conditions in East Africa's emerging oil and gas sector has been shipped from Aberdeen for use in ongoing operations.
Gazprom and Shell are joining forces to pursue oil and gas resources in the Russian Arctic, with the Anglo-Dutch company signed up to a 33.3% stake in its consort's Arctic exploration projects.
The current and for some years driving force behind Israel's successful quest for energy is US independent Noble Energy which, coincidentally, is now pushing hard offshore the Falkland Islands via a farm-in arrangement with Falkland Oil & Gas and Edison.
A windfarm construction vessel that got caught up in the collapse of the German shipyard Sietas, will apparently be delivered to Dutch company Van Oord in the summer.
Sophisticated acoustic technology has been developed by Aberdeen company Nautronix for use in Arctic and other challenging conditions where a rig uses a surface blow-out preventer (BOP) and pre-positioned emergency well capping system.
The boss of Aberdeen company Axis Well Technology said international expansion was on the cards after a private-equity house bought a majority stake in the business.
An ex-Army officer has launched a pioneering north-east initiative aimed at smoothing the path for former military personnel looking to transfer their skills into the energy industry.
The boss of Aberdeen Harbour Board (AHB) said yesterday the port would press ahead with proposals to expand into Nigg Bay after the Scottish Government backed the project.