The oil industry will get an update on its bid for a money-spinning sector deal in “weeks, not months”, the UK’s energy minister said yesterday.
City Region Deal
Major investments have been made to secure long-term economic growth and employment through the Aberdeen City Region Deal, it was claimed yesterday.
As Europe’s offshore oil and gas capital, our region has a well-earned reputation for enterprise and innovation, but the eventual depletion of North Sea reserves over the next 25 to 35 years gives us a serious long-term economic challenge.
A £825million “renaissance” of the north-east economy has begun to take shape as the first of the City Region Deal cash arrives in the region.
Industry leader Sir Ian Wood has hailed Aberdeen's City Region Deal as a "vote of confidence" from Westminster and Holyrood in the potential of key industries.
The search for a chief executive officer for Aberdeen’s proposed £180million Oil and Gas Technology Centre (OGTC) is under way, the body behind the project said today.
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 £250million Aberdeen City Region Deal underlines the UK Government's determination to help the North Sea oil and gas industry through its crisis. At least that was the message from Scottish Secretary David Mundell during a visit to subsea services firm Bibby Offshore in Westhill yesterday.
Aberdeen councillors have given unanimous backing to a new vision for the north-east economy for the next 20 years. Members agreed the Regional Economic Strategy at a meeting of the full council yesterday. The plan has been drawn up during a downturn in the North Sea offshore industry and amid tumbling global oil prices.
Sir Ian Wood warned yesterday that the north-east faces becoming a “museum” if the region fails to secure funding from the £3billion Aberdeen City Region Deal.