Energy Ventures said yesterday it had more than £60million to spend this year and was looking across the north and the north-east for investment opportunities.
One of Scotland's largest law firms, Burness Paull & Williamsons, has appointed a new partner, Robin Clarkson, to its oil and gas team.
An Aberdeen student aiming for an offshore career has been named apprentice of the year by energy skills body Opito.
Oil service firm Peterson SBS has completed expansion at its upstream oil and gas logistics hubs at Edzell and at Altens, in Aberdeen.
UK operator Centrica said today it had bought stakes in seven North Sea fields from French rival Total for £246million.
Strong oil prices resulted in the oil and gas industry remaining buoyant during 2011.
Pay in the upstream oil and gas industry increased sharply last year, averaging more than 6% globally and many expect salaries to jump more than 10% this year, according to new research.
The UK is among a growing number of countries where oil companies and their supply chain are trying to drive down employment costs by importing cheaper foreign labour.
OIL & Gas UK has appointed David Ripley as its the new supply chain director. He replaces Brian Kinkead and has over 25 years of varied experience in the upstream oil and gas industry.
ENERGY firm Centrica said yesterday it was continuing to make good progress in its Aberdeen-based upstream oil and gas business, particularly in development projects and exploration.
So, the platforms for the Nexen-operated Golden Eagle project have gone to the Middle East, or more correctly the UAE-domiciled but London-listed group Lamprell.
Scottish engineering group Weir said yesterday it expected to beat its own year-end projections after record growth in its oil and gas division.
Energy company Centrica reported a large drop in profits yesterday amid a continuing furore over rising electricity and gas bills.
Public money must be invested in UK-based upstream oil & gas R&D in the same way as huge sums are ploughed into aerospace and defence, the chief executive of the National Subsea Research Institute (NSRI) has warned.
Norwegian oil service firm Interwell has opened a facility in Aberdeen and is planning significant expansion in the city.
Energy group Centrica said yesterday it would be spending around £700million this year on its upstream oil and gas business.
A new office development in Aberdeen is expected to break the record for commercial rent north of the border.
Running a safe business should be a given, but it's also a tough call, according to Mike Mann, health, safety, environment and quality (HSEQ) director at Aberdeen-headquartered RBG, a mid-sized, upstream oil & gas contractor.
Engineering graduates are at the threshold of a new dream if they are minded to think beyond the confines of upstream oil and gas.
Wood Mackenzie said yesterday that UK North Sea upstream oil and gas industry capital spending this year would be around £4.8billion, slightly down on £5billion in 2009.
The upstream oil and gas sector is faced with challenges of enormous scale, according to AMEC chief executive Samir Brikho.
Expro has reported sharply lower revenue and operating profits for the year to March 31 because of the downturn in upstream oil and gas activity fuelled by lower oil prices.
Venture-capital firm Energy Ventures is using OTC to identify upstream oil and gas technology firms which offer investment potential.
COLLEGE student Mark Wigginton is top of the class after being named oil&gas industry Apprentice of the Year by OPITO - The Oil & Gas Academy.
Wood Mackenzie has warned the UK Government to be constantly aware of the investment environment to maximise development of remaining oil and gas reserves.