Top banker brings some cheer to beleaguered North Sea oil industry
Oil prices are on their way up and there is no new financial crisis about to derail recovery in the global economy, a top banker said on a visit to Aberdeen.
Aberdeen
If not oil and gas, then what for Aberdeen?
If not the oil and gas industry, then what?
PMAC on top with strategic acquisition.
North Sea and Asia-Pacific subsea inspection specialists Pmac (Process Monitoring and Control) have added topside inspection services to their growing portfolio with the acquisition of Oilfield Corrosion Monitoring Services (OCMS) for an undisclosed sum.
As Aberdeen reels from oil crash, Dundee proves a city can change
With its core industries of jute, jam and journalism, Dundee was one of the most globalized cities in the world in the early 20th century.
Could Teeside diversity model offer Aberdeen ideas on recovery?
Should businesses in the north of Scotland look to the Tees Valley area in England for some guidance on how to triumph over adversity and diversify the economy?
Augean acquires new site to support North Sea business
Waste management specialist Augean, has acquired a new site to support its North Sea Services business (ANSS).
Granite City could learn a lot from Motown
The nickname Motown describes two distinct aspects of the US city of Detroit. One was the name of the famous record label which spawned a conveyor belt of pop classics from the likes of Stevie Wonder, Marvin Gaye and Michael Jackson.
Aberdeen oil tanker firm posts record results
Aberdeen-based oil shuttle tanker owner and operator Knot Offshore Partners (KOP) posted record-busting results yesterday after strong take-up of its vessels during 2015.
Aberdeen hotel sector takes another hit in fallout from oil slump
Aberdeen's hotel sector has endured a second month with an over 40% drop in revenue as fallout from the oil industry crisis hits other sectors of the city's economy.
North Sea platform down manned after power outage
A North Sea platform has been down manned after a power outage.
Aberdeen property prices fell 6.8% in 2015 as oil slump kicked in
Aberdeen has seen the steepest drop in Scottish house prices with the price of an average home falling 6.8% to £212,598 in 2015.
Mundell urges Aberdeen to “sell itself around the world”
Scottish Secretary David Mundell last night urged Aberdeen to “sell itself around the world” to secure its future as the global hub for oil and gas.
Sacked oil worker embarks on round the world tour
In common with many other people across the north-east, Alex Mennie was devastated when he lost his job in the oil and gas industry.
Oil execs using watches, jewellery and cars as collateral
Cash-strapped oil executives are using expensive watches, jewellery and even cars as collateral for short-term loans as the “posh pawn” market takes off in Aberdeen. Business is so good in the north-east just now that one Scottish company specialising in high-end secured loans plans to set up shop in Europe’s energy capital.
UK Government accused of “building bridge” for industry on the cheap
Aberdeen MP Callum McCaig has accused the UK Government of trying to build its "bridge to the future" for the oil and gas industry "on the cheap". The SNP's Westminster spokesman on energy and climate change also called on Energy Secretary Amber Rudd to "put her back into" delivering support for the beleaguered North Sea.
Hunting to reduce Aberdeen staff by up to 25%
Oil and gas service company Hunting said it is preparing to make up to a quarter of its staff in Aberdeen redundant as it looks to streamline costs.
Report: McDermott considering closure of Aberdeen office
McDermott is said to be considering whether to close its office in Aberdeen.
Weatherford in another round of UK job losses
Weatherford has moved into a second consultation period over jobs from its UK operations.
Subsea Expo 2016: JDR embraces next generation of talent
JDR chief executive David Currie believes committing to the next generation of talent will ensure innovative technology leads the way in the oil and gas industry.
Subsea Expo 2016: Engineer “matchmaking” service launched at Subsea Expo
A matchmaking service that aims to reduce the cost of recruiting project engineers has been launched at Subsea Expo in Aberdeen.
Subsea Expo 2016: Industry to focus on continuing growth
Subsea Expo 2016 will launch tomorrow in Aberdeen with 5,000 people signed-up for the three day event.
Updated: Songa boss confirms 24 jobs to go in Aberdeen
Drilling contractor Songa Offshore is to close its Aberdeen office with the loss of 24 jobs as part of a global restructuring.
First Minister says ‘every reason’ to be optimistic about Aberdeen’s future
The first minister said yesterday there was “every reason” to be optimistic about Aberdeen’s future despite the current challenges facing the region.
First Minister hints at further help to boost exploration
First Minister Nicola Sturgeon has hinted further support lies ahead for the North Sea oil and gas industry. The First Minister was in Aberdeen to meet with industry leaders as well as attending a meeting of the Energy Taskforce today.
Aberdeen City Council calls on oil workers to fill teacher posts
Oil workers are being asked to consider teaching in a bid to fill vacancies in the North-east.