Energetica faces a challenge to attract new overseas investment into north east Scotland whilst avoiding robbing 'Peter to pay Paul'.
A team of Norwegian scientists have collected unique seismic data that is being hailed as one of most important Arctic Ocean references for years to come.
Northern Gas and Power, a Gateshead based energy consultancy, is set to create 70 new jobs.
Gas distribution company SGN is expecting to save in the region of £1million by implementing a driver performance improvement programme across its 2,000-strong fleet.
Engineering firm James Aiken has opened the doors of its new £1million premises in Aberdeen.
Motorists hoping to get away for the Bank Holiday will be given a boost as fuel prices are being slashed ahead of the weekend. Supermarket Morrisons has launched a potential price war by announcing that it will be cutting the cost of unleaded by 2p per litre, and diesel by 1p per litre from Thursday morning. The move is the second time this week that fuel prices have been cut, and means that unleaded will be 18p per litre cheaper than is was at last year’s August Bank Holiday.
An oil company has pleaded guilty to breaching its duty to provide a safe workplace after the death of two workers on a rig. Stena Drilling Australia is expected to be sentenced next month after entering the plea at a Magistrates Court in Victoria. It followed the deaths of floorman Peter Meddens and toolpusher Barry Denholm who had been working on the Stena Clyde mobile offshore drilling unit.
British Gas has been criticised for not doing more to help hard-pressed households - on the day it announced a 5% reduction in gas prices.
Cash-strapped National Oil Company of Liberia (NOCAL) will slash its work force by over two-thirds and its board of directors will be replaced as it grapples with a fall in the price of oil, the country's president said on Tuesday. The West African country does not produce any oil or natural gas but has placed its hopes in potential reserves offshore in deep and ultra-deep waters, following the example of Gulf of Guinea neighbours Ghana and Nigeria, Africa's biggest producer. But Liberia has been hit hard by a rapid decline in world oil prices that has led many companies to reassess their exploration strategies.
New research has produced fresh evidence of a sharp fall in Aberdeen hotel room rates and occupancy levels. The monthly LJ Forecaster Scottish Intercity Report from tourism market research specialist LJ Research, tracking city centre hotel business in July, showed a positive performance in Edinburgh, an expected decline in Glasgow a year on from the Commonwealth Games and sustained losses in the Granite City. It is the latest data to highlight the negative impact of the oil and gas downturn on hotels in Europe’s energy capital after similar findings from business advisory firms AlixPartners and BDO.
Subsea UK has launched a new support service to bring fresh, young talent into the subsea sector by making it easier for businesses to recruit apprentices.
Asset integrity specialist Wood Group Intetech (WGI) has been awarded $1million worth of new contracts for well integrity software and consultancy services.
Industry trade body Oil and Gas UK has made number of appointments of member company representatives to its board.
Plans to expand a major oil and gas office complex in Aberdeen have been hailed as evidence that the city is “here to stay” as a global centre of expertise. A planning application has been lodged to create a 20,000sq ft extension at Chevron House, part of the Hill of Rubislaw business park that is the UK home to oil giants Chevron, Marathon Oil and Conocophillips. The development has emerged at a time when thousands of North Sea jobs have been lost or thrown into doubt as a result of the global oil industry downturn. Maeve Callery, vice-president of commercial development at the site’s owners, the Talisker Corporation, said: “We have been active in the Aberdeen market for nearly 30 years, including the development of Chevron House and the proposed R7 development across the road.
Irish oil producer Petroceltic has appointed chartered accountant Hugh Cawley as a non-executive director.
Construction workers on Chevron’s Gorgon LNG project in Western Australia have voted in favour of taking industrial actions over roster concerns. According to reports, more than 1,000 employees – who are employed by contractor Chicago Bridge and Iron – want to change the current rota from 26 days on and nine off. Instead, staff are calling for more ‘family-friendly’ shifts with 20 days on, with 10 off.
Airline Bmi Regional reports a surge in bookings on its Aberdeen routes as the city prepares to host Offshore Europe (OE) 2015 from September 8-11. The carrier, which has its headquarters functions split between Aberdeen and East Midlands Airport, said yesterday it had seen a 25% increase in sales for its Oslo, Esbjerg, Norwich and Bristol routes into Aberdeen for the week of the big oil and gas industry exhibition and conference.
An oil trader has been given a 21-month jail term by a High Court judge who concluded he had broken promises after agreeing to pay millions of pounds to his former wife following the breakdown of their marriage.
HSEQ media specialist Viscom has appointed Robert Mpofu as sales and marketing manager.
Britain must tread carefully in its newly thawed relationship Iran, but the two countries can work together to defeat Islamic State (IS) militants, Foreign Secretary Philip Hammond has suggested.
Engineering group Costain has been awarded a £605million contract for the East works package of the Thames Tideway Tunnel "super-sewer" in London.
Oil company Gulf Keystone has appointed British MP Nadhim Zahawi as its chief strategy officer.
A Briton held hostage in Yemen for around 18 months is reportedly set to return to the UK after being freed. The man, named by the United Arab Emirate’s state news agency as Robert Douglas Semple, 64, was released in a military intelligence operation by the Middle Eastern country’s forces. He had reportedly been working as an engineer when he was kidnapped in February last year by al Qaida.
Persistent negativity by the European Parliament directed towards Azerbaijan risks alienating an “important partner” and its people, Baku has warned, after recent comments by EP President Martin Schulz.
A key Democratic congressman said Friday he is backing the nuclear deal with Iran after President Barack Obama wrote him a personal letter saying the US has options to curb Iran if it violates the agreement.