Energy firm TAQA sees its revenues dip this year
ABU Dhabi National Energy Company (TAQA), said yesterday it had recorded total revenues of £2.04billion for the first nine months of 2009 compared to revenues of £2.14billion a year earlier.
ABU Dhabi National Energy Company (TAQA), said yesterday it had recorded total revenues of £2.04billion for the first nine months of 2009 compared to revenues of £2.14billion a year earlier.
THE sixth annual North Sea Decommissioning Conference in Aberdeen heard yesterday that the volatility of oil and gas prices would have an impact on the decommissioning market for some time.
Oil service firm Cyclotech, which has an operation in Aberdeen, has been sold in a deal understood to be worth around £20million.
Aberdeen-based RBG said yesterday that Dave Workman had now become its new chief executive.
Nautical Petroleum, which specialises in development of heavy-oil assets, said yesterday it continued to move ahead with plans to bring two fields south-east of Shetland on stream.
THE economic downturn has shaken confidence in Britain's subsea sector, according to a new study.
The contribution by the oil and gas industry to Scotland's economy was recognised at an awards event in Edinburgh last night.
Aberdeen-based Offshore Container Holdings (OCHL) is expanding into Asia with the establishment of a Singapore subsidiary.
One of Scotland's leading businessmen said last night that the North Sea oil and gas industry could be the saviour of the UK economy and haul the country out of its massive debt.
Energy Cranes International (ECI), the Aberdeen-based lifting service, fluid-power and pipelay-system contractor, highlighted challenging trading conditions in 2009 as it unveiled annual results yesterday.
OUTSTANDING talent in the British oil and gas industry was recognised last night.
US OILFIELD service group Baker Hughes posted third-quarter results yesterday and said activities in the UK North Sea were among operations seeing the sharpest decline in revenue.
A RECORD-BREAKING 750 delegates from home and abroad attended an annual oil and gas industry event held at Aberdeen Exhibition and Conference Centre yesterday.
Leading north-east businessman Alasdair Locke has stepped down as executive chairman of Aberdeen-based Abbot Group.
MORE than 15 years after the former Grampian Regional Council tried to pioneer oil and gas and academic links with north-west Russia, Subsea UK has launched a drive to make it happen this time.
CRAIG Group of Aberdeen said yesterday it had launched Craig International Supplies (CIS) in Angola to expand its coverage of the African market.
ALL COMPANIES working for oil and gas operators on the UK continental shelf are being invited to sign up to the new industry mutual hold harmless (IMHH) deed.
An Aberdeen oil company owned by businessman Ian Suttie has had its best year yet, with profits soaring through the £13million mark.
Bowleven, the Scottish oil and gas explorer focused on west Africa, said yesterday it was about to embark on the busiest operational spell in its history.
A DELEGATION of seven UK companies is heading to Monaco to showcase their technologies and expertise at a global conference and exhibition focused on the subsea oil and gas industry.
Hopes are rising that the Tornado oil and gas discovery west of Shetland is large enough to be brought into production.
HYDRO Group, an Aberdeen-based supplier of optical and electrical products to the global subsea technology sector, has teamed up with an Italian system design firm to develop an innovative underwater communication system.
If there is one thing worth looking forward to it's a visit to a distillery, so being invited to attend the switching on of Scottish BioEnergy's algae reactor system at the home of the Famous Grouse - the Glenturret distillery in Crieff - was something definitely not to be missed.
State oil funds have proved to be an invaluable source of emergency funding for resource-rich emerging markets during the global financial crisis, but with these cash reserves soon to be depleted, it is foreign investors who could end up footing the bill.
The UK oil&gas industry has been in the political spotlight lately, with several of our sector's achievements receiving the commendation of Scottish and UK politicians alike.