The Scottish Fiscal Commission has warned that the economic impact of the outbreak could be more severe in Scotland than the rest of the UK due to the predominance of the tourism and oil and gas industries.
Aberdeen and Grampian Chamber of Commerce
Despite a weakening global economic outlook, I believe we are working in a local business environment of pragmatic optimism. Sustained recovery in the oil and gas sector, technology innovation and diversification activities are contributing to business growth and new employment opportunities.
Aberdeen and Grampian Chamber of Commerce’s 31st Oil and Gas Survey painted a positive picture for the oil and gas sector.
A new study into the health of the North Sea oil and gas industry has revealed growing levels of confidence and an increasing number of firms gearing up for the energy transition.
Given Aberdeen’s long-established position as Europe’s leading energy hub and its global reputation for energy project delivery, the energy transition is set to have a major impact on the local supply chain.
Oil and gas firms are convinced that Aberdeen can cement its place as an energy powerhouse while making the transition to a low-carbon future.
North-east businesses are broadly unprepared for a no-deal Brexit, according to the Aberdeen and Grampian Chamber of Commerce (AGCC).
The UK Government has been warned that reducing its support for overseas oil and gas projects risks “endangering” firms in north-east Scotland.
Incoming changes to contractor rules could help retain skilled workers in the North Sea, the Aberdeen and Grampian Chamber of Commerce (AGCC) has said.
An Aberdeen business leader has said the north-east “deserves better” following the Scottish Budget’s “glaring omission” of a vital £200million railway project.
A looming skills shortage in the north-east oil and gas sector has been highlighted in the latest industry survey from the Aberdeen and Grampian Chamber of Commerce (AGCC).
More businesses failed in the north-east than any other part of Scotland last year.
A global expert has claimed Aberdeen’s diversification and regeneration is “paying dividends” as it was announced £8.4 billion of public and private investment is due to be delivered to the north-east before 2030.
The oil capital of Europe may have weathered the storm of a collapse in the price of Brent crude but a recent upturn in business could lead to some tricky mergers ahead, it has been warned.
The value of exploration and production activity across the UK Continental Shelf (UKCS) continues to rise with firms also now equally optimistic about the North Sea and international markets for the first time since 2013.
A second wave of a support programme for senior and middle managers made redundant in the oil and gas industry has been launched.
Everyone knows the oil and gas industry has gone through a few very tough years. The North Sea was particularly susceptible being so dependent on oil and gas, with almost 200,000 people losing their jobs since the downturn began in 2014. That’s 39% of those employed in the industry out of work.
The worst of the oil and gas downturn is over, a new survey shows.
Oil and Gas UK (OGUK) has warned North Sea industry against complacency after a new report heralded the end of the downturn.
New reports out today from banking groups CYBG and Bank of Scotland (BoS) paint a less than rosy picture of the current mood among Scotland’s businesses.
Confidence levels in the North Sea oil and gas industry are finally improving after a long spell in the doldrums, new survey findings reveal.
Former and redundacy threatened oil and gas industry bosses taking part in a new scheme which aims to help them find new work had previously applied for 818 jobs, which led to just 37 invitations to interview.
A new report has given a damning assessment of the Scottish Government’s efforts to help the North Sea oil and gas industry in its hour of need.
North-sea job losses have not slowed down over the past year, but there are signs that industry has turned a corner, the 25th Oil and Gas Survey said.
A tally of investment projects in north-east has highlighted that the region will get an injection of £5billion in coming years and that it is "open for business".