It's been a colourful and action-packed time in oil and gas. The ongoing saga between Tullow Oil and the Ugandan government over tax continues to raise eyebrows while Cairn's oil discovery in Greenland has caused a stir. Then there's the prospect of the largest share deal yet - the $67billion equity issue by Petrobras in Brazil.
natural resources division
International engineering and project-management company AMEC is buying Australian engineering and project-development company GRD for £52million.
AMEC, which provides consultancy, engineering, and project-management services to the world's energy, power and process industries, said yesterday that trading for the year to date was in line with expectations.
An Aberdeen-based engineering consultancy is being bought by international engineering and project-management company AMEC for up to £19million.
International engineering and project-management company AMEC said yesterday it had now begun conceptual engineering studies to test the potential for further development of the huge Clair field west of Shetland.