A joint-venture set up between energy service firms Technip and Subsea 7 in 2006 in order to work together on projects in the Asia-Pacific region is being wound down.
energy service firms
International energy service giant Wood Group said yesterday it was mulling a sale of its well-support arm.
Scottish oil exploration company Cairn Energy has struck oil near Greenland, becoming the first company to make a find in the area.
SUPPLY-CHAIN specialist 80:20 Procurement Services said yesterday it was time to push on again and develop the business, possibly through acquisition.
EZTEK, an electronic design and manufacturing company based at Blackburn, near Aberdeen, has landed contracts from energy service firms worth £250,000.
The chairman of energy investment-banking firm Simmons and Company International has predicted that oil prices could double or more within a few years.