A study of transactions demonstrating collaboration between Scottish SMEs and large organisations over the last four years revealed 347 deals exceeding £4billion, new data has revealed.
Whilst this is undoubtedly a significant decision for the nascent shale gas industry, as many in the industry will appreciate, not least Third Energy, there is still a very long way to go before the UK is in a position to demonstrate a credible and sustainable scale of shale gas supply.
Oil and gas operators have seen a 15% reduction in their UK-based headcount over the past 12 months – and they expect a further decline of 17% in the year ahead.
The latest Aberdeen and Grampian Chamber of Commerce (AGCC)/Fraser of Allander Oil and Gas Survey is the first since Russell Borthwick became AGCC chief executive earlier this year.
A majority of the 126 companies which responded to the survey were unperturbed – or perhaps disinterested – about the looming in-out vote on the UK’s continued membership of the European Union.
Bond Dickinson has advised client Renewable Energy Generation Limited (REG) on the sale of its entire operating and consented wind and solar portfolio to a fund managed by BlackRock.
Confidence levels among oil and gas contractors working in the North Sea have hit an all-time low, with a large majority believing job losses will continue over the next year, an industry report has found.