Wood Group is eyeing further opportunities in war-torn Iraq after securing a $90 million project management job in the country.
Improved offshore oil and gas output helped the UK boost its energy production from July to September, while electricity from wind also soared, new figures show. The UK oil and gas industry’s trade association hailed the hydrocarbon production statistics, while green groups said the renewables industry was getting stronger in Scotland. It comes a day after Chancellor George Osborne said UK oil and gas revenues are expected to nosedive 94% this year, in a blow to North Sea industry.
Aberdeen marine technology firm Nautronix had fallen £1million into the red ahead of it being bought out by Proserv, accounts posted at Companies House have shown.
Offshore industry heavyweights told young oil and gas professionals in Aberdeen they could play a huge part in a “culture shift” adjustment to low crude prices.
Operations have restarted at 88 Energy's Icewine #1 prospect in Alaska after repairs to the drawworks were completed.
Qedi, Amec Foster Wheeler's completions and commissioning provider, has been awarded a commissioning contract from Apache North Sea for the brownfield modifications on all its North Sea assets.
Saudi Aramco is looking for further investment opportunities in Indonesia's downstream refining and petrochemicals industry, the company's chief executive said today, after initiating a $5.5 billion project to upgrade the country's largest refinery.
Suncor said it may scrap its $4.5 billion hostile bid for Canadian Oil Sands if Alberta regulators endorse a poison pill that would give the target company more time to find other bidders.
Nicola Sturgeon has faced calls to set up a Scottish version of the Office for Budget Responsibility as Labour said forecasts on oil revenues were out by 6,000%.
The latest provisional monthly energy statistics produced by the Department of Energy and Climate Change released today reveal energy production rose by a record 14.2% boosted by increased North Sea oil and gas production.
Trinidad-based oil producer LGO Energy has agreed an early end to a banking arrangement with BNP Paribas, which will allow reduced repayment rates of $75,000 per month for the next three months.
A consortium that includes Mexico's Sierra Oil & Gas plans in early 2017 to make its first exploratory drill in one of the fields it was awarded as part of a landmark energy reform.
Semi-submersible giant Prosafe and Jurong Shipyard in Singapore have agreed to a flexible delivery of the Safe Zephyrus to align with Prosafe’s contract portfolio.
Commodities trader Glencore said on Thursday it recognises Libya's Tripoli-based National Oil Corporatino as the sole legal marketer of the country's oil, after securing an export deal earlier this year with the state-run company.
Lundin has plugged and abandoned its Selada-1 exploration well in Malaysia after it proved to be dry.
A Russian helicopter carrying oil workers has crashed in eastern Siberia, killing 10 of the 25 people on board, officials said.
Nighthawk, the US focused oil development and production company, has plugged and abandoned its Northstar 1-14 well after it revealed no viable oil.
George Osborne was accused last night of abandoning the North Sea as he announced UK oil and gas revenues are predicted to plummet by 94% this year.
Confidence levels among oil and gas contractors working in the North Sea have hit an all-time low, with a large majority believing job losses will continue over the next year, an industry report has found.
Wood Group PSN has won a new contract worth around $90 million to deliver services to one of the world's leading blue-chip international oil companies in Iraq.
Pop star Gary Barlow gave staff at Aberdeen firm Stena Drilling a night to remember in a top secret gig featuring some of his biggest hits.
Aker Solutions won a framework agreement to provide maintenance and modifications services at BP-operated oil and gas fields offshore Norway
Suncor Energy's battle for Canadian Oil Sands Ltd. is getting more crowded.
Oil companies’ “slash and burn” approach to cutting the costs of their North Sea interests is putting Scotland’s offshore industry at risk, a union leader has warned Holyrood.
Oil & Gas UK's economics director Mike Tholen said it was important the industry continue to boost confidence and encouragement investment in the North Sea following Chancellor George Osborne’s Autumn Statement and Spending Review.