BP makes first move into oil-rich South American state
BP has planted its flag in oil-rich Brazil for the first time with a £4.7billion deal for deepwater assets.
BP has planted its flag in oil-rich Brazil for the first time with a £4.7billion deal for deepwater assets.
Oil and gas operator Tullow Oil said yesterday that in Uganda it was working closely with the government and two potential new partners to accelerate development of three blocks with a discovered resource base of more than 800million barrels of oil.
A MASSIVE yellow structure near Aberdeen Exhibition and Conference centre is being hailed by international oilfield service firm Expro as one of the most significant and innovative pieces of technology the subsea sector has seen.
FERGUSON Modular, a supplier and manufacturer of offshore accommodation solutions for the energy industry, has appointed a chief operating officer to lead its accommodation-support vessel division.
INDEPENDENT corporate-finance adviser Lexicon Partners revealed yesterday it was building a team in Aberdeen.
About 400 Scottish jobs were saved yesterday with the sale of the fabrication division of Sovereign Oilfield Group.
Scottish engineer Weir Group said yesterday the immediate outlook for its upstream energy business was brighter than a year ago.
Bosses of Maxoil Solutions see major opportunities around the world for the fast-growing oil and gas consultancy.
ABERDEEN-BASED international energy service company Wood Group has announced a new joint venture in Australia.
Plans for a £30billion North Sea supergrid took a step forward last night with heavyweight business support for a power network linking Scotland, Norway, Germany, Denmark, France and England.
Hopes are rising for the future prospects of the 400 people who work for troubled Aberdeen-based Sovereign Oilfield Group.
Petrofac, the international provider of facility services to the oil and gas production and processing industry, expressed confidence in its outlook yesterday.
Subsea UK members are optimistic after a successful exhibition and conference in Texas at which industry experts and analysts agreed that the forecasts for the rest of 2010 and 2011 showed a definite return to market confidence.
Petrofac has announced plans for the widely expected demerger of its North Sea oil and gas assets to a new company which could be valued at about £1billion.
BP signalled a massive vote of confidence in the North Sea yesterday by announcing plans to spend billions of pounds in Scottish waters over the next few years.
SOME 30 jobs are being created for officers and crew as a new vessel joins Craig Group's North Star Shipping fleet.
Aberdeen-based international energy service giant Wood Group is planning to spend up to £134million on its latest worldwide acquisitions this year.
Troubled Aberdeen company Offshore Hydrocarbon Mapping (OHM) saw its share price slump yesterday after a gloomy trading update warned investors of further substantial losses.
DETAILED Tory tax proposals for the UK offshore industry will not emerge until after the general election, shadow energy and climate-change secretary Greg Clark said yesterday.
Energy giant Shell is looking for a buyer for the Anasuria floating production vessel in the central North Sea plus stakes in associated fields.
THE world's largest open access offshore wind turbine drive train test rig is on the drawing board at the UK's Energy Technologies Institute (ETI). Two companies - Converteam and HORIBA Instruments - have been commissioned to deliver competing designs for an indoor test rig capable of dynamically testing a complete wind turbine drive train and nacelle with input power up to 15MW (megawatts).
Violence remains a daily occurrence in Iraq, yet the time is right for firms to invest. With national elections and recently concluded oil deals, the country is entering a new phase in its history.
Everywhere we look, the renewables revolution seems to be top of the agenda, whether it's wind, tidal or solar.
Serious litigation relating to man-made climate change began in the first half of this decade. The most notable cases are in the US, where legal tradition and process lend themselves to the pursuit of new types of actions.
OVER recent weeks, the optimism that had driven commodity prices and equities higher disappeared. The escalation of the Greek debt problems has certainly highlighted the still significant issues facing the global economy. In broad terms, we believe that if the market is undergoing volatile movements in a possible sideways direction, then the quoted oil&gas sector may still outperform.