Opinion: ‘I’m a lumberjack and I’m okay’
A North Sea skit as imagined by Professors Alex Russell and Peter Strachan of Robert Gordon University on behalf of the North Sea oil industry.
Daily
Rents down and less houses being sold, but Aberdeen bearing up in downturn
The Aberdeen property market is bearing up surprisingly well in the oil downturn, despite more houses sitting on the market and rents dropping by over £100 per month, say property experts.
Greens accused of calling for demise of oil industry
The Scottish Green Party has been accused of calling for the "demise" of the North Sea oil and gas industry.
Work on Statoil’s offshore windfarm to kick-off this summer
Work on a massive windfarm off the coast of a north-east town will begin in the summer, it was revealed last night.
North-east unemployment up 72%, still below Scottish average
The number of people claiming out-of-work benefits in the north-east of Scotland rose by 72% in December as the oil and gas industry sheds staff to cope with low oil prices.
Brent trades near $28 as glut expands on rising US stockpiles
Brent oil traded near $28 a barrel as rising U.S. crude stockpiles add to a swelling global glut.
Aberdeen firm QTEC merges with Canadian rival
Aberdeen-based oil and gas fluid specialist QTEC Energy Services has merged with a North American rival to create a new company, Focus, employing 60 people.
Dear Mr Harvie – We will not be ‘managing a decline’
Dear Mr Harvie,
BG sees profit of at least $2.3billion after oil-price slump
BG Group Plc, which agreed to be acquired by Royal Dutch Shell Plc last April, expects to report full-year profit of at least $2.3 billion after crude oil prices extended their decline.
Noreco embroiled in tax fight with Danish goverment
Noreco confirmed it would contest the latest ruling in its tax fight with the Danish government.
E.ON to cut average gas price by 5.1%
Energy giant E.ON is to cut its standard gas price by an average of 5.1% and has launched what it claims is the cheapest fixed tariff on the market.
Low oil price sees handful of firms cut hundreds of jobs
A fresh wave of job cuts were revealed yesterday as energy experts warned oil prices could fall further this year due to a continued market glut. EnerMech confirmed it has cut 260 jobs from its operations in the UK and Norwegian Sea in recent months.
‘Shut oil industry and get staff to cut trees’, politicians claim
The Scottish Green Party wants the North Sea oil and gas sector to be wound down - so offshore workers can become lumberjacks.
Shell’s total job cuts to tally 10,000, earnings tumble
Shell today confirmed its total job cuts for 2015-2016 would tally 10,000.
Lib Dems attack SNP for refusing energy debate
The Scottish Liberal Democrats had urged the administration to host a session in the Scottish Parliament on the future of the offshore industry, amid spiralling job losses in the sector.
Oil extends drop from 12-year low as US supplies seen rising
Oil extended its decline from the lowest close in more than 12 years before weekly U.S. government data forecast to show crude stockpiles expanded, exacerbating a global glut.
Aberdeen car dealerships hit by oil price drop
Businesses across Europe’s oil capital have been feeling the pinch since the global decline in oil price.
Cairn’s North Sea Catcher and Kraken on-time and under budget
Cairn Energy today confirmed both its Catcher and Kraken projects, both in the UK North Sea, remained on track for first oil next year.
Osborne nudged to cut oil tax
The UK cabinet minister said it is "important" that Chancellor George Osborne delivers for offshore firms in his budget this spring.
Brent gains from 12-year low as threat of more declines persists
Brent oil rebounded after closing at the lowest level in more than 12 years in London. A persistent oversupply means prices still haven’t staved off the threat of further declines.
Oil giants start losing safety net as refining margins squeezed
Refining profits that buttressed earnings for Exxon Mobil Corp. and Royal Dutch Shell Plc as crude prices plunged are now slumping, further pressuring all of the world’s biggest oil companies as they move into 2016.
Alex Kemp: Iran sanctions lifting, oil price falling
The price has been coming down for several months because production from Saudi Arabia is strong, from Iraq it’s strong, from Russia it’s quite strong. From the US there’s been a little bit of a fall but not very much. Market makers have been anticipating Iran sanctions to be lifted, but did not know when until quite recently.
Amec Foster Wheeler boss sacrificed as board decides it’s time for change
Oil and gas industry boss Samir Brikho was ousted as chief executive of Amec Foster Wheeler (AFW) at a board meeting held on the eve of the firm’s latest trading update, it emerged last night.
Tech Tuesday: Imaging technology moves ahead in oil and gas
Advances in the systems and tech that can benefit the subsea supply chain has seen technology from other fields such as medicine, aerospace and the nuclear sectors play a bigger role in recent years and there's no sign that trend stopping anytime soon.
Trade unions warn workers fear reporting safety concerns
Trade unions have warned the number of health and safety concerns being reported in the oil and gas sector has declined, amid concerns over job security.