Valiant hails move into profit from first oil sales
Valiant Petroleum said yesterday that 2009 had been a transformational year for it as it swung into profit following the start of production from fields north-east of Shetland.
Valiant Petroleum said yesterday that 2009 had been a transformational year for it as it swung into profit following the start of production from fields north-east of Shetland.
INTERNATIONAL welding group Serimax has appointed a new director as it prepares to extend its North Sea business.
SCOTTISH Enterprise chief executive Lena Wilson yesterday visited Aberdeenshire firm NCS Survey.
Pipeline engineering specialist STATS Group has had a good start to 2010, with a big jump in contracts won.
Aberdeen oil and gas firm Dana Petroleum posted a 71% fall in annual profits yesterday after a £48.3million writedown from unsuccessful exploration and evaluation activity.
Shares in Desire Petroleum and Rockhopper Exploration tumbled yesterday after confirmation that the first well drilled off the Falklands in more than a decade had been a disappointment.
A COMBINATION of recently-announced government initiatives and incentives is today said to have made the UK a more attractive location in which to invest in renewable energy projects.
Scottish temporary power firm Aggreko yesterday announced a contract worth about £35million as demand for its international power-project arm services continues to grow.
Some 26 Scottish companies and organisations have been taking part this week in Australia's largest oil and gas show in Perth, all but one of them with headquarters or a base in the north-east.
The top honour in last night's Scottish Offshore Achievement Awards went to a fast-growing company set up less than three years ago.
Future energy developments offer "massive" opportunities for Scotland, oil and gas leaders heard in Aberdeen last night.
Subsea 7 and Shell welcomed representatives from the oil and gas and north-east civic communities to Aberdeen harbour yesterday for an event showcasing two new vessels.
GLOBAL valve specialist Severn Glocon Group has announced the launch of Severn Ball Valves at Badentoy Park, Portlethen, near Aberdeen, to provide the oil and gas industry with isolation valves.
OIL and gas operator Melrose Resources said yesterday it had delivered a strong set of operating results in 2009 and a record level of production.
Cairn Energy said yesterday that chief executive Sir Bill Gammell had sold just over 720,000 shares in the company for nearly £3million.
FERGUSON Modular has awarded contracts worth £4.5million to Scottish suppliers for work on its new accommodation support vessel.
BG Group has confirmed high productivity from well tests on the Tupi North-East field in the Santos Basin, offshore Brazil.
ROYAL Dutch Shell and China National Petroleum have signed a 30-year deal to develop natural gas in China.
FAROE Petroleum, the Aberdeen-based oil and gas company, saw its shares climb 10% to 138p yesterday after it said hydrocarbons had been found in an exploration well on the Fogelberg prospect in Norwegian waters.
TULLOW Oil is keen to expand exploration in other parts of east Africa.
AN ENERGY-INDUSTRY equipment-rental specialist is looking to treble the size of its operations within three years.
The Scottish Government's £10million Saltire Prize for marine energy has been delayed by two years, it was confirmed yesterday.
The Australasian Oil and Gas Show gets under way today with one Aberdeen-based oil service group announcing the launch of a subsidiary in Perth and another revealing a contract win.
GLOBAL shipping and energy service firm Craig Group officially handed over its latest new-build vessel yesterday to Chevron and Britannia Operator.
Scotland's biggest oil company saw its shares soar 8% to 408.9p and its market value grow to £5.714billion yesterday after it raised its estimate of reserves in Rajasthan and sounded an upbeat note on prospects offshore Greenland.