Isabella discovery : French oil and gas giant Total, Neptune Energy and other partners in license P1820 have made a hydrocarbon discovery following the drilling of the Isabella 30/12d-11 well in the Central North Sea offshore UK. The discovery was made nearly 40 kilometers south of the producing Elgin-Franklin gas and condensate fields and 170 […]
Lidl Dumbarton store opening news : German discount supermarket chain Lidl has inaugurated its 800th store in the UK at Dumbarton in Scotland. Last week, three other new Lidl stores were also opened at Cambridge, London, and Boston. The supermarket chain plans to open an additional six new stores this week, which will create up […]
London based energy services provider Hunting acquires Enpro Subsea, a subsea production technology provider based in Scotland
Hunting acquisition of Enpro Subsea : London based energy services provider Hunting PLC has made a $36 million worth acquisition of Enpro Subsea from members of the latter’s management team and Energy Ventures Private Equity. Founded in 2011, the Scotland based Enpro Subsea had developed subsea production technology that is used by offshore oil and […]
Deme Offshore has been awarded an engineering, procurement, construction and installation (EPCI) contract for the inter-array and interconnector cables at the 450MW Neart na Gaoithe offshore wind farm in Scotland from EDF Renewables UK. The DEME Group subsidiary plans to execute the EPCI of the subsea cables in 2021. The Neart na Gaoithe offshore wind […]
Subsea 7 has bagged a contract from Royal Dutch Shell for the Pierce Depressurisation Project at the Pierce Field in the North Sea, located nearly 160 miles offshore, east of Aberdeen in Scotland. The contract price is in the range of $50-150 million, said the UK-based subsea engineering, construction, and services company. Under the Pierce […]
Oil and gas industry news : BP and its partners have commenced production from the £4.5 billion worth Clair Ridge project located in Scottish territorial waters to exploit an estimated seven billion barrels of hydrocarbons. Clair Ridge project enters into production Clair Ridge project is the second phase development of the Clair oilfield, located 75km […]
Verus Petroleum acquisition of Cieco : Scottish oil and gas company Verus Petroleum, has signed a $400 million Sale & Purchase Agreement (SPA) with Japanese commodity trading house Itochu to acquire its subsidiary Cieco Exploration & Production (UK). Verus Petroleum acquisition of Cieco will see the Scottish oil and gas company get a stake of […]
Taro Pharmaceutical Industries has terminated its licensing agreement with Scottish biotech company NovaBiotics concerning the Novexatin drug after disappointing clinical trial results. The decision follows the failure of Novexatin to achieve its primary endpoint in a Phase 2b study, where it did not demonstrate superiority over a placebo. In May, the Phase 2b trial of […]
2 Sisters job losses : Chicken King Ranjit Boparan’s poultry processing company 2 Sisters Food Group has revealed plans to close three of its poultry plants across the UK, leaving 900 jobs at risk. According to the latest poultry industry news, the three poultry processing plants to be closed are the 2 Sisters Smethwick plant […]