The entry of CNOOC and Sinopec into the North Sea is a first for the Chinese.
North Sea operator BP has placed a £775million order with Odfjell Drilling for a new-build rig to work on its £3billion west of Shetland development.
FAST GROWING Scottish firm Zenith Oilfield Technology has moved into new headquarters.
BOND Offshore Helicopters has reported a jump in turnover and profitability.
The future of the north-east's offshore oil and gas industry could be under threat if the government imposes a windfall tax on energy companies, it was claimed last night.
FIRST Minister Alex Salmond yesterday threw his weight behind a major investment by an energy company into Aberdeen University's landmark new library.