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Subsea 7 to downsize offices in Aberdeenshire hub

Subsea 7 is to downsize its Aberdeenshire office as it looks to streamline costs during the oil price decline. The company, which announced it would be making headcount reductions earlier this year, said it would “optimise” its other buildings. Subsea 7 currently has its east and west complex as well as its workshop and sports centre based in Westhill.

Oil & Gas

Transocean to hold meeting with North Sea staff after job loss warning

Transocean is expected to hold a meeting with staff at its Aberdeen premises as the threat of more job losses loom. The company, which is based in Switzerland and listed in New York, has felt the brunt of a slowdown in offshore drilling, as oil companies look to pull back from high-cost areas such as deepwater. Workers at its North Sea operations had been warned in recent weeks jobs would be at risk for up to 15% of employees.