Sector deal could ‘head off’ any more BP-scale job losses, says MP
An oil and gas sector deal could ensure any further BP-scale job losses are "headed off at the pass", according to a north-east MP.
oil downturn
Oceaneering puts 340 UK workers at risk of job cuts
Oceaneering has put more than 300 UK workers at risk of redundancy less than three months after opening a brand new regional headquarters in Aberdeen.
BP plans 10,000 job cuts
Energy giant BP has announced plans to cut around 10,000 jobs worldwide in response to the latest oil downturn.
Borr Drilling ‘extremely pleased’ with £250million financial lifeline
Borr Drilling has agreed a debt restructuring deal which will improve the liquidity of the rig operator by more than £250million for the next two years.
‘Everyone has a plan until they get punched in the face’
"Build back better."
Offshore helicopter chiefs lobby Westminster and Washington as firms fight to ‘survive’ downturn
Industry chiefs are fighting in Westminster and Capitol Hill to support global helicopter firms that operate in the UK North Sea, warning some “will probably not survive”.
‘Unprecedented’ oil downturn demand to bring boost for Presserv
An “unprecedented” number of enquiries amid the latest oil downturn is expected to see an Aberdeen-based business nearly double its headcount and boost turnover.
Asian NOCs eye once-in-a lifetime overseas M&A opportunities
Cashed-up Asian NOCs are actively screening international assets and companies for once-in-a lifetime acquisition opportunities amidst the global downturn.
Exclusive: Figures show ‘resurgence’ for oil and gas university courses in Aberdeen following downturn
University chiefs have hailed a “resurgence” in applications to oil and gas courses in Aberdeen following a sharp drop during the downturn.
Production boost, lower salaries and rota changes see North Sea emerge as ‘cost-cutting power house’
The UK North Sea has emerged as a world leader in cost-cutting thanks to increased production, reduced salaries and rota changes, according to new analysis.
Climate emergency ‘even more pressing challenge’ for North Sea than 2014 oil downturn
The climate emergency is an “even more pressing challenge” for the industry than the 2014 downturn according to the Oil and Gas Authority’s (OGA) chief executive.
Search for ‘mix of grey and green’ to create high-growth energy firms
The search is one for “a mix of grey and green” industry professionals to create new, highly-scalable businesses in the energy sector.
Mass survey to ‘put a human face’ on Aberdeen’s oil downturn
A new study has been launched to “put a human face” on the north-east’s oil and gas downturn- and recommend how to better share the wealth in the region.
Delight as downturn-hit hotel set to reopen
An Aberdeen hotel that closed its doors at the start of the year due to the oil downturn will reopen under a new owner.
Oil and gas downturn impacts major Aberdeenshire property development
Developers behind historic plans for 280 news homes, hotel conference centre, holiday accommodation, golf course and equestrian centre at Blairs want more time before they begin the project.
Oil and gas downturn blamed as Aberdeen hotel shuts its doors
An Aberdeen hotel has closed its doors – with “difficult trading conditions” due to the oil and gas downturn blamed.
Oil downturn was just the beginning for entrepreneur
The age-old question is: are entrepreneurs born or made?
Aberdeen supercar market bouncing back after oil downturn
You can’t help but spot a supercar, its sleek prowess cruising along the road with a throaty roar which just seems to magically part the surrounding traffic.
Oil downturn widens losses for Eastern Airways
Losses widened at Eastern Airways as the impact of oil downturn and Brexit hurt the regional airline.
1,400 oil and gas jobs predicted to be lost in Aberdeen in next three years
Around 1,400 onshore jobs in oil and gas based in Aberdeen are expected to be lost in the next three years, according to a new report.
Aberdeen foodbank still helping ‘casualties’ of oil downturn
An Aberdeen foodbank has said it is still supporting “casualties” of the oil and gas downturn.
North-east with highest amount of failing businesses in Scotland
More businesses failed in the north-east than any other part of Scotland last year.
Rising number of Aberdeen oil workers report financial problems
The Granite City is seeing “more and more cases” of former oil and gas workers reporting money woes, a homeless charity boss has said.
High hopes for north-east property market despite £85m value drop
Falling house values and sales have wiped £85 million off the north-east property market over the first half of this year– but property experts believe the region could avoid the national trend and improve in the next quarter.
Business property market rebounds
Economic recovery in the north-east is reflected in the latest figures for Scottish commercial property sales, an expert said yesterday.