Four dead, 49 missing after oil rig capsizes during storm
AN OIL drilling rig has capsized in the Sea of Okhotsk off Russia's east coast, leaving four people dead and 49 missing.
AN OIL drilling rig has capsized in the Sea of Okhotsk off Russia's east coast, leaving four people dead and 49 missing.
OIL and gas service company NexusAB has changed hands for the second time in about 18 months.
THE chairman of Cosalt has doubled his takeover offer for the firm after gaining control of nearly half the company's shares.
ABERDEEN-BASED Wood Group said yesterday one of its units had taken a majority stake in a South American engineering firm for just over £3.3million.
OIL explorer Xcite Energy announced a £25.8million placing and £60million equity credit agreement yesterday.
DONG Energy has acquired a 33.3% stake in the first two offshore wind projects in the Hornsea zone from SMart Wind for about £15million.
A FORMER vice-president with oil giant BP, Patrick Dixon, has been appointed as expert chairman of the Office of Carbon Capture and Storage (CCS) in the Department of Energy and Climate Change (DECC).
Petrol prices have fallen to their lowest level for nine months - but campaigners said last night the cost was still "strangling the economy".
Energy service business Wood Group said yesterday that the unit it created after buying PSN was performing below expectations after delays on two contracts.
North-east dealmakers were said yesterday to be cautiously optimistic about prospects of increased merger and acquisition (M&A) activity over the next 12 months.
ABERDEEN oil firm DEO Petroleum said yesterday it was on track to start production in the North Sea Perth field in 2014.
Safety and environmental regulation in the UK North Sea oil industry has come in for praise in an independent review.
THE organisers of an award ceremony in Aberdeen recognising success in the energy industry said yesterday that a new renewables category had already attracted a high level of interest.
OIL explorer Xcite Energy said yesterday a shuttle tanker had been lined up for its Bentley discovery in the UK North Sea.
Oil and gas service giant Petrofac said yesterday it could take further stakes in North Sea fields after gaining an interest in one discovery.
FAST-GROWING Reservoir Group said yesterday that it had acquired two well-intervention specialists.
Oil explorer Xcite Energy said yesterday it remained highly committed to successful commercial development of the Bentley field, one of the largest undeveloped finds in the UK North Sea.
ABERDEEN-BASED energy service company Senergy has appointed Vivien Broughton as vice-president of resources.
Anyone planning to attend the next Press and Journal Energy Ball will have to get a move on.
TWO North Sea oil vessels whose anchors lost tension in storm-force winds are now safe, as efforts to stabilise them continue.
OIL and gas recruitment firm OIE Services has set a target to more than double its turnover next year.
ENERGY service group 3Sun said yesterday it expected to double its annual turnover to £15million by the year-end.
SPECIALIST oil and gas investor Energy Ventures said yesterday that companies in its portfolio had increased turnover by an average of 50% this year.
Oil and gas firm Ithaca Energy said today start up on its North Sea Athena development had been set back due to delays converting the floating production vessel earmarked for the field.
SHAREHOLDERS in Scottish oil exploration and production firm Cairn Energy will share more than £2billion after the long delayed sale of a controlling interest in the firm's Indian subsidiary was finally completed.