Nautical Petroleum, which focuses on the development of heavy-oil assets in the UK and Europe, said yesterday it was not too concerned about falling oil prices, although heavy oil was typically more expensive to produce than conventional resources.
Prime Minister Gordon Brown was accused last night of playing down the importance of the offshore oil and gas industry in his new Energy and Climate Change Department.
CREW members on a new drillship are furious after being told they and their families will not be allowed on board when company officials and other guests are given tours of the vessel at Nigg, in Easter Ross.
Aberdeen-based oil and gas engineering business Plexus Holdings said yesterday that success had enabled it to increase its workforce in the past year by 25% to 74.
International engineering and project-management company AMEC has landed significant work to help to extend the life of the Forties field.
ABERDEEN company Equalizer International has won the Scottish regional award for achievement in international business in the British Chamber of Commerce Awards 2008.
More than 300 people are expected to attend Oil and Gas UK's next breakfast briefing in Aberdeen.
It is not easy being the boss of a key business in the oil and gas industry.
THE UK is the European hotbed of investment and innovation in low-carbon technologies, attracting 41% of the total venture-capital and private-equity investment in low-carbon small and medium-sized enterprises in the EU, according to a new report.
One of the world's biggest gas terminals was at the centre of an investigation last night after gas pumped in from the North Sea exploded in a laboratory.
Private-equity investor 3i believes an increase in gas-fired power is the only way to prevent a shortfall in generation capacity within the next decade.
One of the leading figures in the North Sea oil and gas business is to stand down.
VROON Offshore Services (VOS) says it is well placed to capitalise on its market position.
Canadian oil explorer Oilexco has cut its production target by nearly a quarter following delays at its UK North Sea operations.
THE pot of money set aside to support wave and tidal energy projects in Scotland has run dry, Labour claimed last night.
WOOD Group ESP, part of Aberdeen-based international energy service company John Wood Group, has opened a new service facility in Bogota, Colombia to overhaul, assemble and test electric submersible pumps (ESPs).
Shares in Scottish engineer Weir Group jumped yesterday after it lifted its full-year profit forecast.
North-east oil and gas communications specialist Nessco said yesterday it was taking on more staff after landing contracts worth more than £6.3million.
International energy service provider Wood Group said yesterday that demand for its services and products remained high, despite significant volatility in financial, commodity and currency markets.
One of Aberdeen's best-known family businesses is moving to new headquarters in the city, it was revealed last night.
Venture Production said yesterday it was to acquire additional interests in the Cygnus, Kepler, Copernicus and Humphrey gas discoveries plus interests in three exploration blocks.
SUBSEA technology firm Hydro Group, of Aberdeen, said yesterday it had awarded the contract for developing its new £4million-plus headquarters in the Granite City to Morrison Construction.
PUPILS at an Aberdeen special-needs school have been enjoying lessons in newly refurbished surroundings this term.
Caledus, the Aberdeen-headquartered oil and gas well-technology company, has said it is entering the Middle East market by setting up an office and manufacturing base in Dubai.
A leading oil firm's plan to open a new waste treatment plant in the north-east could create scores of jobs.