The Scottish and UK economies have gone through a very difficult period since the financial crisis first hit in 2008. We have had nearly five years of little or no economic growth.
Energy supermajor Royal Dutch Shell put beleaguered rival BP in the shade yesterday with a 34% year-on-year rise in second-quarter profits to £2.7billion.
Energy research firm Wood Mackenzie's latest report has revealed the impact of the depressed economic conditions on activity in the UK's upstream oil and gas sector during 2009.
Aberdeen-based RBG said yesterday that Dave Workman had now become its new chief executive.
A small Aberdeen oil and gas service firm has landed two contracts expected to be worth more than £35million in total over five years.
There has been a surge in drilling for oil and gas in UK waters over the summer, according to new figures released yesterday.
THE shifting economic climate has created a toxic mix for the North Sea oil and gas industry.
Cosalt, a provider of safety equipment and services to the offshore oil and gas and marine industries, said yesterday the six months to May 3 had been challenging.
Subsea 7 said yesterday that the market outlook continued to retain a degree of uncertainty for the medium term as a result of the current economic climate.
SUBOCEAN Group is doubling the size of its premises as staff numbers hit 175.
The deadline for companies planning to enter the Scottish Offshore Achievement Awards has been extended to Friday, February 6.
THE deadline for companies planning to enter the Scottish Offshore Achievement Awards (SOAA) has been extended by a week to Friday, February 6.
The UK oil and gas industry formally opened the new headquarters of its £1.5million skill academy in the north-east yesterday.
Motorists have had a rollercoaster ride at the petrol pump this year as oil prices careered to record levels before falling back.