‘Business as usual’ for Nautronix after sale
Two north-east businessmen have sold their oil service company for tens of millions of pounds.
Oil & Gas
OHM shares surge on news of cash injection
Aberdeen-based Offshore Hydrocarbon Mapping (OHM) saw its shares more than double in value yesterday after it unveiled a major investment in the firm.
Subsea 7 leader to replace Keiller
OIL and Gas UK said yesterday that Robin Davies, Subsea 7's global vice-president for business improvement, had been appointed as the industry association's new contractor co-chairman.
Sparrows boosting Aberdeen workforce after contract wins
Aberdeen-based oil service company Sparrows Offshore Group said yesterday it had landed more than £36million of contracts at home and abroad, which would lead to 35 jobs locally.
Desire shares slide despite upbeat news from Liz well
Desire Petroleum, the oil and gas explorer focused on south Atlantic waters, was more upbeat yesterday about a well in the North Falkland Basin.
Nautical secures rig for summer drilling campaign
Nautical Petroleum said yesterday the next drilling on its Kraken prospect south-east of Shetland would take place this summer.
Bright start for North Sea group on stock market
A new North Sea oil company, EnQuest, joined the Stock Exchange yesterday and shares finished the day ahead of their opening price.
Global agrees Mansefield merger deal
Global Energy Group (GEG), announced further expansion yesterday after striking a deal with a Highland firm.
Dominion wins gas-pipeline project work
ABERDEEN-BASED Dominion Gas is to become a main supplier of industrial gas for the Nord Stream gas pipeline project linking Russia and the European Union via the Baltic Sea.
EFC lands Well Enhancer upgrade work
Aberdeen-based designer and manufacturer of instrumentation, monitoring and control systems Electro-Flow Controls Group (EFC) has landed a deal worth more than £600,000.
Caledyne plans for surge in growth
Aberdeen-based oil service company Caledyne is planning to almost double its workforce.
Clipper breaks ground in Newcastle
CLIPPER Windpower Marine has started construction of an offshore wind turbine blade manufacturing facility in what is a coup for the English north-east.
Neptune set to secure Pelamis work
NEPTUNE Deeptech of Stonehaven is almost certainly in line for a slice of the work generated by ScottishPower Renewables' Pelamis P2 order as this company (formerly Ross Deeptech) has a long-running relationship with Pelamis. The company has played a central part in the manufacture of the prior five Pelamis machines - four P1 units, each of which is fitted with three power modules - and the first P2 unit, which features four power modules.
£3million quayside revamp begins at Fife energy park
GLASGOW-BASED civil-engineering contractor George Leslie has won the £3million contract to carry out a major quayside upgrade at the former offshore fabrication yard at Methil - now Energy Park Fife. The upgrade is part of a wider £13million investment announced last year in a bid to assure a role for Scotland in renewables-related manufacturing.
Pelamis on crest of a wave
Pelamis Wave Power Limited (PWP) has secured a second order for its Pelamis P2 wave energy converter from ScottishPower Renewables. This follows an earlier order from E.ON for the first P2 machine, which is currently in the final stages of manufacture/ integration at PWP's Leith facility and is due to be installed at the European Marine Energy Centre (Emec) in Orkney later this year.
ETI plans £25million CCS investment
Even before the UK has a competent first-generation carbon-capture demonstrator up and running, the Energy Technologies Institute (ETI) has initiated the search for organisations or consortia to bid for a major project which could establish an advanced CO2 capture-technology demonstration project within 10 years.
Is appetite there to finance UKCS?
Global investment in oil&gas continued throughout the downturn, with 2009 investment back near 2007 levels following a record 2008, according IHS Herold data (see story on Page3).
The red dragon tamed?
The past few months have seen a stream of oil&gas deals involving Chinese NOCs. In August 2009, Sinopec announced the completion of its takeover of Addax petroleum for $7.2billion.
Onshore Uganda to offshore Greenland
AFTER a busy reporting month, announcements from two stock-market darlings are worth reflecting on.
2010 critical year for the UKCS
This will be a critical year for the UK sector of the North Sea (UKCS). Output is currently declining at worrying rates. The latest statistics from the Department of Energy and Climate Change (DECC) show UKCS oil production falling at an annual rate of minus 5% and gas production at a massive minus 16%.
Helicopter Task Group one year on
With only a week passed since the first anniversary of the tragedy of Flight 85N, I felt it was timely to use this column to reflect on helicopter safety and look at the work of the Helicopter Task Group over the last 12 months.
RGU launches new asset integrity management MSc
A NEW course has been launched by the Energy Centre at Aberdeen's Robert Gordon University. The MSc Asset Integrity Management (AIM) is designed to equip students with the skills and competencies to manage assets using an optimised business, safety and compliance approach.
Kirsten McBeath – ‘be all you can be’
For as long as Energy's editor can remember, parents involved in the North Sea have appeared reluctant to encourage their offspring into the oil&gas industry.
Big-screen plasma process can make high-grade biofuels
The same process that lights up big-screen plasma TV displays can be used to produce ultra-clean fuels, according to a new report.
Hadron Collider to be used in hunt for ‘monopole’
FORGET the idea that magnets must always have north and south poles. An experiment led by a University of Alberta researcher at the Large Hadron Collider (LHC) at CERN, in Switzerland, could dramatically change our concepts of basic physics, revolutionise our understanding of the universe and may even lead to technologies in future generations that, right now, exist only in science fiction.