Aberdeen businessman closes restaurant amid oil downturn
A business owner in Europe's oil and gas capital said he has been forced to shut his restaurant because of the current downturn in oil prices.
A business owner in Europe's oil and gas capital said he has been forced to shut his restaurant because of the current downturn in oil prices.
The Budget this week was a hodgepodge of measures for the economy with some moves being made to help the oil and gas industry, however, yet again prime opportunities have been missed by the Chancellor to make a more substantial positive impact on the sector.
Petroleum economist Professor Alex Kemp welcomed chancellor Osborne’s tax package for the oil and gas industry as it will boost producers in the region.
A North Sea helicopter has made a safe return to Aberdeen after an emergency was declared.
First Integrated Solution has secured a service centre deal with RidgeGear.
The chief executive of the East of England Energy Group (EEEGR) said today his region had historically been seen as the “poor relation” to the north-east of Scotland within the oil and gas sector.
Police have warned the slump in the oil industry could lead to gangsters muscling in on hard-hit Scottish firms. Oil and gas companies have been laying off thousands of workers in the North Sea industry and looking for new deals on contracts.
The chief executive of Oil & Gas UK issued a rallying call to the chancellor today for measures in this month’s Budget to prove he has confidence in the future of the beleaguered sector.
Job hunters are being advised not to tell prospective employers they work in the oil industry or live in Aberdeen - if they don't want to their CVs to go the bottom of the pile.
OTC 2016 takes place in Houston from May 2-5 against one of the toughest periods facing the energy sector in a generation.
Opportunity North East (ONE) will work with oil and gas industry leaders to establish Aberdeen as a global centre for offshore technology and development.
The number of people claiming out-of-work benefits has soared in the north-east in the wake of the plummeting oil price, new research shows.
Aker Solutions staff have helped raise more than £36,000 for a cancer support charity after undertaking a year of fundraising events.
For decades it has been the powerhouse of not just the north-east economy, but the UK's as well.
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.
If not the oil and gas industry, then what?
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.
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.
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?
Waste management specialist Augean, has acquired a new site to support its North Sea Services business (ANSS).
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-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'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.
A North Sea platform has been down manned after a power outage.
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.