Search Results for north sea



EnerMech cranes get £85m contracts boost

Aberdeen-based mechanical engineering group EnerMech said its cranes and lifting division has secured international contract wins, extensions and renewals worth at least £85 million. In Azerbaijan, BP Exploration…



Xcite Energy bondholders push for liquidation

Shares of North Sea oil firm Xcite Energy were suspended on Tuesday “pending clarification of the company’s financial position” after it said its principal bondholders rejected a plan to…



Scots GDP grew 0.4% in second quarter

Scottish gross domestic product (GDP) grew 0.4% in the second quarter of 2016 — compared to 0.7% for the UK — according to statistics from Scotland’s Chief…





Oil and gas production up, but value down

Oil and gas production in Scotland increased by 21.4% to around 70 million tonnes of oil equivalent in 2015-16 and accounted for 81% of the UK total, according…



Decommissioning plan for Orkney port

Orkney Islands Council has given a demolition company the opportunity to investigate the potential of Lyness near Scapa Flow as a potential as a base for North Sea…



Cairn shares up amid Senegal discovery

Shares of Edinburgh-based global oil and gas explorer Cairn Energy rose 4.5% after it said an appraisal of its “world-class” discovery off the coast of Senegal had significantly increased so-called “2C”…





Wood Group wins Apache contract extension

Aberdeen-based oil and gas services giant Wood Group said it has been awarded an extension to its master service agreement (MSA) contract with Apache Corporation…


Wood Group sticks with guidance of 20% fall

Aberdeen-based oil and gas services giant Wood Group said it was sticking to the guidance of full year 2016 earnings before interest, taxes and amortization (EBITA) of…





Shell contract secures 500 Wood Group jobs

Aberdeen-based oil and gas services giant Wood Group has been awarded a three year contract extending its work with Shell’s eight UK Continental Shelf offshore assets,…


Plexus raises $5m in Russian share deal

Aberdeen-based oil and gas engineering services company Plexus Holdings said it raised $5 million via a discounted issue of 6.76 million shares to Russian equipment manufacturer Gusar. Plexus said…


Edinburgh rents up 6.6% to £972 average

Average rents in Scotland’s private rented sector recorded a 2.1% year-on-year growth in the first quarter of 2016 to £767 per month, according to the latest Citylets quarterly…




New power plant approved for Grangemouth

The Scottish Government has granted consent for the construction and operation of a gas fired combined heat and power (CHP) plant at BP Kinneil Terminal in…





Wood Group cuts rates for contractors

Aberdeen-based Wood Group PSN said it plans to reduce the rates paid to a third of its UK-based limited company contractors by an average of 9 per…


Forth Ports in major Dundee investment

Forth Ports said it plans to make the “largest investment in the history of the Port of Dundee” by investing more than £10 million to create a new…


Faroe makes progress despite oil gloom

Aberdeen-based Faroe Petroleum, the independent oil and gas exploration company active in the UK and Norwegian continental shelves, said it had a year of growth and progress in 2015 despite…


Plexus shares down 40% after profit warning

Shares in Aberdeen-based oil and gas engineering firm Plexus Holdings fell more than 40% on Monday morning after it said a slowdown in planned activity by its customers…


Wood Group wins Brazil contract

Aberdeen-based energy services giant Wood Group has won a new contract with PetroRio to deliver services to the Polvo A platform in the southern Campos basin, about 100…