Mark Lammey

Business reporter at the P&J. Formerly online editor and deputy business editor at The Moscow Times.
North of Scotland

Saltire Energy profits weighed down by oil market volatility

February 25, 2019

Tight margins and unrelenting volatility in the oil and gas market put a crimp on Saltire Energy’s profits in 2017-18. But the Portlethen-headquartered oilfield equipment rental firm said it was “managing the market well” and “adapting to the pressures”. >> To read more on Energy Voice, click here <<

North of Scotland

Tory donor Spencer to buy another chunk of Cluff

February 13, 2019

Entrepreneur and philanthropist Michael Spencer will further increase his stake in North Sea oil firm Cluff Natural Resources (CLNR). Mr Spencer, a multi-millionaire backer of the Conservative Party, has struck a deal to purchase 10.6 million shares from Algy Cluff, CLNR’s chairman, for 3.5p each. >> To read more on Energy Voice, click here <<

North of Scotland

KNOC picks new chief executive for Dana Petroleum

February 13, 2019

A new chief executive has been selected for Aberdeen-headquartered oil company Dana Petroleum. A spokesman for Korea-owned Dana confirmed that Yongwoo Kang is being appointed as Roy Elliot’s permanent replacement. >> To read more on Energy Voice, click here <<Yongwoo Kang  

North of Scotland

Faroe’s defences ‘exhausted’ after exploration failure, DNO says

January 3, 2019

Bosses at DNO have picked apart a report indicating its takeover bid for Faroe Petroleum was too low. DNO also said it was “troubled” by Faroe’s latest exploration disappointment with the Brasse East well. It follows last month’s disappointment with the Cassidy exploration well offshore Norway. >> To read more on Energy Voice, click here <<