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.
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.
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.
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.
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.
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.
McDermott is said to be considering whether to close its office in Aberdeen.
Weatherford has moved into a second consultation period over jobs from its UK operations.
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.
A matchmaking service that aims to reduce the cost of recruiting project engineers has been launched at Subsea Expo in Aberdeen.
Subsea Expo 2016 will launch tomorrow in Aberdeen with 5,000 people signed-up for the three day event.
Drilling contractor Songa Offshore is to close its Aberdeen office with the loss of 24 jobs as part of a global restructuring.
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 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.
Oil workers are being asked to consider teaching in a bid to fill vacancies in the North-east.
A proposal to combine the North Sea “offshore passport” personnel systems of the UK and Norwegian sectors of the North West Europe Continental Shelf has been tabled.
Scotland's energy minister has called for unity in the battle to put the oil and gas sector on the road to a bright future - and insisted now is not a time for political point-scoring. Fergus Ewing said everyone with an interest in the North Sea industry should pull out all the stops to help it through a crisis caused by the cocktail of rising costs, the collapse in oil prices and a tax regime in need of an overhaul.
The Aberdeen City Region Deal could ultimately be worth £1.2billion to the north-east. The Scottish and UK Governments as well as Aberdeen and Aberdeenshire councils signed off on the historic £250million package of support for the region yesterday.
Prime Minster David Cameron last night revealed more money could be on its way to Aberdeen after it was revealed the City Deal could be worth £1.2billlion to the area.
David Cameron will sweep into the north-east today to announce further measures to support the beleaguered oil and gas industry and encourage exploration.
Prime Minister David Cameron is to visit Aberdeen tomorrow to look at what more can be done to help the North Sea oil and gas industry.
Firms are being encouraged to set their sights on increasing business exports in a bid to sustain long-term growth. Industry body Subsea UK has widened its Global Opportunities programme during Subsea Expo next month.
An Aberdeen MP has locked horns with a Labour shadow minister after he compared the oil and gas industry regulator to an “insolvency practitioner”.
Nicola Sturgeon has refused to publish an update on North Sea job losses despite not having produced one for six months.
Aberdeen had the largest fall in hotel occupancy and revenue of anywhere in the UK, new figures have shown.
The long-awaited City Region Deal for the north-east has been announced – and could be finalised within days. Scottish Secretary David Mundell said last night the “full details” of the investment would be revealed “shortly”.