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SHARES in Wood Group jumped 7 per cent yesterday after the firm declared that its order book was “robust” and that it is on course to hit full-year targets.
Amec, the engineering and project management group, has secured an eight-figure contract on GDF Suez’s Cygnus field, described as “one of the most significant undeveloped gas fields in the North Sea”.
ONE of Scotland's largest privately held energy services companies has been snapped up by a Dutch firm in a deal that is expected to net its chairman tens of millions of pounds.
OIL services giant Wood Group yesterday outlined how it plans to return £1.05 billion of cash to shareholders in a move which will see the founding family and charities raise at least £123 million by cutting their stake in the company.
Allied International UK, the Grangemouth-based oil and gas pipeline components maker, is to open an Aberdeen office after securing a £2 million funding package from Clydesdale Bank.
DIRECTORS at Faroe Petroleum, the Aberdeen-based oil explorer, pocketed bumper bonuses last year after a strong exploration campaign.
The entrepreneur might have been a footballer but blazed a trail in oil and has ambitious plans for growth
OIL millionaire Tom Cross expects to make a number of North Sea acquisitions "within weeks" after yesterday unveiling his first major deal at Parkmead since he joined in November.
WOOD Group, the Aberdeen-based energy services heavyweight, yesterday warned of the potential for clients' projects in the North Sea to be delayed as "field economics" are reassessed in light of the Chancellor's tax raid.
TRUST between the oil industry and the UK government has hit an all-time low following the tax grab on company profits, it has been claimed.
The industry body representing the UK's subsea sector has named Neil Gordon as its new chief executive.
OIL explorer Xcite Energy, one of Scotland's most hotly followed companies, yesterday lost a quarter of its market value as the market reacted badly to lower than expected estimates of reserves in its North Sea field.
FAST-EXPANDING engineering consultancy Xodus has bought a Welsh firm specialising in renewables.
Oil and gas industry veteran John Forrest has been appointed to the board of Aberdeen-based EPC Offshore.
SCOTTISH Gas-owner Centrica has refused to rule out permanently closing down the UK's biggest gas field because of the Chancellor's controversial tax raid on North Sea energy firms.
ROYAL Dutch Shell warned yesterday that it may have to sell some assets in the North Sea and reduce investment in the region because of the Chancellor's tax raid and higher industry decommissioning costs in the Budget.
OIL and gas industry leaders will this week make a final attempt to thwart Chancellor George Osborne's North Sea tax raid which they fear will cost jobs and investment.
THE head of one of the newest North Sea oil giants yesterday warned that government policy could drive away ambitious companies from taking a stake in British waters and developing the industry's ageing major assets.