AN Ulster firm has secured a pounds 5million contract in the Middle East, Enterprise Minister Arlene Foster revealed yesterday. Advanced Sensors, from Carrickfergus, Co Antrim, designs equipment for the oil and gas industry.
GAS Safety Week gets under way on September 10. Running until September 16, it is co-ordinated by the Gas Safe Register and will see the gas industry and consumer organisations come together to promote gas safety.
Lux Assure, an Edinburgh-based company specialising in chemical monitoring technologies for the oil and gas industry, has received new investment of pound(s)400,000 from Archangel Informal Investment and the Scottish Enterprise Co-Investment Fund. It will enable a product launch, field trials of other technologies, and the appointment of Professor Max Rowe as a non- executive director.
NORTH East engineering boss Neil Kirkbride expects to see revenues for the group of companies he runs hit Pounds 160m this year. Newcastle-based British Engines has recorded a 50% sales increase in the last two years and foresees further strong growth to Pounds 200m within five years.
... efficient, economic and co-ordinated gas industry in Northern Ireland, and to do so in a way that is...
Almost pounds 1m of funding has been awarded to trade body NOF Energy to fund its work in driving forward the oil, gas and renewable energy market. With more than 200 member companies, NOF Energy has long had a central role in co-ordinating the oil and gas industry in the North- East, and has recently expanded its remit.
THE offshore wind energy industry has to develop vast so-called "mega-projects" and co-operate to improve the supply chain if it is to cut costs sufficiently to compete with other large-scale power generation sources, according to management consultancy Accenture. In a report being launched at the All-Energy renewable energy conference opening in Aberdeen tomorrow, Accenture said that capital investment costs in the wind industry need to fall by between 30% and 50% if it is to rank alongside other technologies such as gas- fired turbines.
Prepare for oil boom IT has been estimated that the Corrib gas field, off the Co. Mayo coast, is worth EUR 13billion. Ballyroe oil field off the coast of Cork is worth EUR 85billion and the oil field off the coast of Dalkey, Co. Dublin, is worth about EUR 60billion. The current price of crude oil is $100 a barrel. Oil giant Exxon is set for drilling at Dunquin off the coast of Co. Kerry and one of the biggest oil companies in the world will begin drilling off the south-east coast later this month in one of the most hotlyanticipated events in the whole oil and gas industry.
Birmingham companies have been told they will have to find ways of absorbing soaring oil and gas prices. Birmingham Chamber of Commerce and Industry (BCI), which co- ordinates a regional energy group, said the only way for businesses to cut their energy costs is to become more efficient.
The North East is playing host to one of four UK seminars to help local companies access a range of oil and gas markets in Americas. UK Trade & Investment (UKTI), in co-operation with industry and regional partner organisations, is running a series of seminars next month.
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