Professional Services News
UK companies commit to 50% cut in oil and gas leaks
10 January, 2011
The Energy and Climate Change Committee's rejection of a moratorium on offshore drilling in the UK has been followed by a new industry-wide safety initiative.
Kosmos Energy chief stands down
04 January, 2011
The company's private equity backers include Warburg Pincus and Blackstone Capital Partners.
Acergy-Subsea 7 merger scrutinised amid competition concerns
22 December, 2010
"Third parties" have expressed concerns about the proposed merger.
Moody's upgrades oil services outlook to positive
17 December, 2010
The report points to the squeeze on investment funding caused by closer US regulatory scrutiny.
Wood Group seals $955m PSN acquisition
13 December, 2010
Bob Keiller will become chief executive officer of Wood Group PSN.
SSE's Hood to stand down after board reshuffle
10 December, 2010
Ian Marchant will take on new board-level responsibilities.
BP gauges interest ahead of possible North Sea sell-off
08 December, 2010
Various oil majors are understood to be considering auctions for low-margin fields in the North Sea.