SeaEnergy, the Aberdeen-based oil and gas services firm, is restructuring its board in a move that sees the departure of its finance director.
TEMPORARY power provider Aggreko is on track to generate a 5 per cent rise in first-half revenues, despite “subdued” trading at its large-scale power plants division.
Organic waste specialist TEG Group has won a contract to compost food and garden rubbish for Perth and Kinross Council.
HYDRO-ELECTRIC power developments worth £23 million are at risk if the UK government presses ahead with changes to its subsidy system, according to trade body Scottish Renewables.
TWO renewable energy schemes moved a step closer to fruition yesterday, with a major offshore wind farm receiving planning consent for its onshore work, while a whisky-to-energy development in Rothes entered its final stages.
Ithaca Energy cut its exploration costs yesterday with two “farm-out” agreements.
APR Energy, the temporary power provider that is a major competitor to Glasgow-based Aggreko, yesterday said it had secured the sector’s largest-ever contract.
EXPANDING Heathrow rather than creating a replacement “hub” airport at Stansted or in the Thames estuary would leave businesses and passengers better off, according to a report today.2 comments
ENGINEERING firm HCS, which specialises in hydraulic systems for the oil and gas industry, has unveiled plans to expand into Aberdeen after changing hands in a £9 million deal.
JOKES about the Scottish weather are as old as the hills, but now an Edinburgh-based renewable energy developer wants to show that grey clouds won’t stop the nation from hosting solar energy parks.3 comments
OFFICIAL figures this week are expected to show that rising oil prices have contributed to an increase in inflation, although economists believe retail sales volumes will have edged up despite the squeeze on consumer spending.
INVESTORS who have been starved of deal news since Aggreko’s last update in April will be looking for signs of growth when the Glasgow-based temporary power supplier gives its next briefing on Tuesday.
FALKLAND Islands Holdings, which owns interests including retail outlets and warehouses, has spent the last year preparing for the development of oilfields around the British territory.
Asco UK, the Aberdeen-based energy logistics specialist, saw sales advance strongly last year as it benefited from high oil prices.
OIL explorer Tullow yesterday said it had won a $313m (£200m) legal case against a former partner in Uganda.
A £1 MILLION share bonus helped boost outgoing SSE chief executive Ian Marchant’s last full pay package to more than £2.6m.
Scottish Gas parent Centrica is to invest up to £160 million in a controversial shale gas fracking project in north-west England.
Canadian Natural Resources (CNR) yesterday unveiled plans to inject £300 million to extend the life of one of the oldest oil fields in the North Sea.1 comment
Oil and gas explorer Faroe Petroleum has been awarded a share in a new licence in the Norwegian Barents Sea.
RENEWABLES giant Gamesa has sold a wind-farm development in Scotland to international specialist investor and asset manager, John Laing.2 comments
Britain’s “big six” power companies will be forced to trade electricity fairly and transparently with smaller rivals under plans to “break their stranglehold” on the market.
Scottish Gas parent Centrica has begun the search for a new chairman after Sir Roger Carr confirmed he was leaving to join defence contractor BAE Systems.
The Scottish Government has welcomed progress in its oil and gas strategy one year after it was launched.1 comment
OPEC predicted world oil demand will grow more quickly in the rest of 2013 and indicated the group can keep pumping more than the output target it retained at a meeting last month without over-supplying the market.
A CANADIAN-LED consortium last night walked away from a tentative takeover offer for Severn Trent after receiving “no meaningful engagement” from the water company’s board.
GAS meter specialist Energy Assets could head back out on the acquisition trail after surprising the City by not recommending a dividend, according to analysts.
ENERGY services heavyweight Wood Group has secured its second major contract extension in the North Sea in as many months with a £140 million deal to run an oil platform for the rest of its useful life.
Quarrying firm Caithness Stone Industries has called in the administrators after succumbing to increased costs and competition.
Offshore accommodation specialist Prosafe has landed a deal, worth at least $76.3 million (£49m) to provide a support rig for Statoil’s development of the massive Mariner project in the North Sea.
ENGINEERING firm Amec has won a two-year extension to its contract to provide gas producer BG Group with project management support in the North Sea.
The consortium bidding for Severn Trent today said it would not table a new offer unless the water utility’s management engaged in talks.
Engineering firm Amec has won a two-year extension to its contract to provide gas producer BG Group with project management support in the North Sea.
A CONSORTIUM bidding to buy water giant Severn Trent is considering pulling out after its third offer was rejected.
Scottish Gas owner Centrica is muscling in on the UK’s shale gas potential with a bid to buy drilling rights in Lancashire.1 comment
THE board of Parkmead take-over target Lochard Energy yesterday warned it may not be able to afford to meet commitments under its exploration licences as a standalone entity.
A GROUP of investors opposing the £14.5 million bid by Tom Cross’s Parkmead for Lochard Energy yesterday said it now represents shareholders owning just over 25 per cent of the company.
Energy services group SeaEnergy has unveiled plans to launch a ship management company to support the offshore oil and gas and windfarm sectors.
Oil and gas recruitment firm Infinity Resources International is hiring more staff of its own after doubling its turnover last year.
KCA DEUTAG, the drilling and engineering contractor with an operational base in Aberdeen, has won a $900 million (£588m) contract from oil giant Statoil to run and maintain two big new rigs for the Norwegian Continental Shelf.
THE company behind plans to drill for gas in the Forth valley is to appeal directly to the Scottish Government after a local council missed a deadline on deciding whether it can go ahead.5 comments
Oil services firm Petrofac has secured a share in two deals, worth a combined $687 million (£449.4m), in Abu Dhabi.
A GROUP of investors opposing the £14.5 million bid by Tom Cross’s Parkmead for Lochard Energy yesterday said more shareholders had now indicated they would vote against the offer.
Severn Trent spurned a second takeover approach from an overseas consortium yesterday, saying the £5.2 billion bid again fails to recognise the water company’s value.
Oil and gas services group Asco has appointed Matt Thomas to the newly-created role of chief executive for its Australasia region.
BRITAIN should end its “blinkered” backing for green energy to kick-start a private sector-led economic recovery, a leading British business body has warned the Chancellor.3 comments
Industrial training provider Survivex is set to open offices in Dubai and Singapore after securing a £3.25 million loan from Bank of Scotland.
THE board of Tom Cross’s latest target, Lochard Energy, yesterday hit back at claims his offer undervalues the company.
ENERGY group Centrica is selling its 50 per cent stake in a Scottish wind farm in a £59 million deal.1 comment
TRAPOIL, the North Sea oil and gas explorer, yesterday named Scott Richardson Brown as finance director.
SEVERN Trent dropped a hint on how much it would expect its suitors to offer for the company yesterday when its annual results said its official valuation was approaching £8 billion.
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Weather for Edinburgh
Wednesday 19 June 2013
Temperature: 8 C to 19 C
Wind Speed: 20 mph
Wind direction: West
Temperature: 11 C to 19 C
Wind Speed: 7 mph
Wind direction: North