Subsea 7 picks up Brazilian work
Subsea 7 has won a ÂŁ128million contract with Brazil's state oil company Petrobras for work in the Campos Basin off the country's coast.
Subsea 7 has won a ÂŁ128million contract with Brazil's state oil company Petrobras for work in the Campos Basin off the country's coast.
North-east oil and gas telecommunications company Nessco Group is expecting to double its turnover this year to ÂŁ34million and add at least 20 people to its fast-growing workforce by the end of 2012.
Oil service firm Hydrasun yesterday revealed strong growth in both domestic and international markets.
The UK Government has been accused of adding to the uncertainty surrounding the tax regime for North Sea operators after restricting relief on the cost of decommissioning.
ABERDEEN-BASED engineering firm PD&MS Energy said yesterday it would recruit up to 60 people to meet demand after winning a multimillion-pound contract.
North Sea offshore workers could launch a wave of industrial action for the first time in two decades if the UK Supreme Court rules against their claims for paid holidays today.
BUSINESS leaders met in Aberdeen last night to discuss how the oil and gas industry will develop over the next 30 years.
INTERNATIONAL energy consultant Xodus Group said yesterday it had landed more than ÂŁ600,000 of contracts in the Gulf of Mexico since it opened its Houston office in February.
The Barclays Corporate oil and gas team in the UK revealed yesterday its involvement in deals providing funding for acquisitions and exploration and production worth almost ÂŁ265million since September.
THE challenges of developing gas fields west of Shetland have been made more difficult because of the recent North Sea tax grab, a briefing on the frontier region will be told today.
Faroe Petroleum said today it had completed what was described as its "transformational" Norwegian deal.
Elaine Maslin
OIL service company Nautronix says its prospects are good, despite the impact on the industry of last year's huge oil spill in US waters.
THOUSANDS of new jobs are expected to be created in the UK oil and gas industry in the years ahead, giving a boost to the north of Scotland.
Subsea 7, through its i-Tech division, has secured a contract with Statoil to provide ROV (remotely operated vehicle) services onboard China Oilfield Services Ltd (COSL)'s new build Innovator and Promoter rigs currently under construction in China.
Rolls-Royce has been awarded new contracts with a potential value of $651 million by Petrobras.
THE international trade division of Aberdeen and Grampian Chamber of Commerce has returned from a trade mission to east Africa which focused on energy and associated sectors.
International oilfield service company Reservoir Group, of Aberdeen, yesterday revealed its sixth acquisition of the year.
Aker Solutions has announced plans to open a large engineering office employing 2-3,000 people in Tromsø in three to five years time.
Canadian Overseas Petroleum (COP) said yesterday drill-stem testing on the North Sea Esperanza prospect had confirmed it as a "promising discovery".
Oil and gas firm Antrim Energy said today it had found 50 feet of gross hydrocarbon pay on its central North Sea Erne prospect.
Oil explorer Xcite Energy said today it was changing the development plans for its North Sea Bentley field.
Energy Minister Charles Hendry said on a visit to Aberdeen that the UK North Sea had seen a record volume of project approvals and spending this year.
RECENT months have produced two books about the North Sea that I can only describe as excellent. They're very different and, in my view, of equal merit.
A NORTH-EAST cricketer who used ideas from the sport he loves for an offshore drilling-industry training guide said yesterday the book was now licensed for use on more than 750 rigs worldwide.