Marischal Square defies critics at 75% occupancy
The multiaward-winning Marischal Square developmentin Aberdeen is 75% let just over two years after construction work ended for the £107 million project.
EY
Property firm’s key role in third of all office deals
Bosses at commercial property consultancy FG Burnett have toasted a successful year, with the firm at the heart of a third of all office deals in Aberdeen during 2019.
Is better collaboration the new force for change in oil and gas?
Current market conditions are making oil and gas operators understandably cautious about embarking on mega projects. When they do invest, shorter term payback options such as brownfield developments are generally favoured over longer-term, large-budget greenfield projects.
KPMG to move 140 staff to Aberdeen’s Marischal Square development
Another “Big Four” global accountancy giant has chosen Marischal Square as the new home for its Aberdeen office.
Low-carbon road paved with opportunities and challenges, EY says
Few would doubt that the transition to low carbon provides the renewables industry with a massive opportunity.
UK climbs world rankings for green energy attractiveness, EY says
The UK is now the seventh most attractive destination globally for investment in renewable energy, a new report said.
OECD’s revolutionary tax changes could impact oil firms
The OECD’s 2019 workplan on addressing the tax challenges of the digitalised economy looks set to be a major overhaul of the international taxation system.
Busting the decommissioning tax myths
Decommissioning remains a big consideration for any investor in the UKCS and, indeed, anyone divesting their interests. This is especially the case where the interests in licences which are changing hands are mature assets with a significant number of wells and attendant infrastructure.
Aberdeen infrastructure investment pipeline takes £1.7bn leap
The total sum of cash earmarked for infrastructure projects in and around Aberdeen between now and 2030 has rocketed by £1.7 billion to more than £10bn during the past year, new figures show.
Senior economist to help Aberdeen firms navigate Brexit
A senior economist at one of the world’s biggest professional services firms will visit Aberdeen next week to help north-east firms navigate Brexit.
EY relocating its 170 staff to prestige Aberdeen office scheme
One of the world’s “Big Four” professional services firms is to move its Aberdeen business from the west end into prestigious new offices in the heart of the city.
Decommissioning ‘implies getting rid of rubbish’ – time for a new brand?
Industry leaders discussed the potential need for a “new brand” for decommissioning at Offshore Europe yesterday as it “implies you’re getting rid of rubbish”.
Good branding is vital for future of decommissioning
Decommissioning is a topic which gets a reasonable amount of press coverage.
UK supply chain: Going the distance?
May 2019 marked the 50th anniversary of the Offshore Technology Conference (OTC) in Houston. While attendance figures may not be as high as in previous years, the event still provides a useful barometer for sentiment and activity across the oilfield service (OFS) industry.
Foreign investment in Scottish projects falls, EY report says
The number of projects involving foreign firms investing in Scotland fell by almost one-fifth last year, a new report has revealed.
Richard Irvin announces new offices five months after going into administration
An facilities management firm which crashed into administration five months ago has announced plans for new offices in Aberdeen and Stirling.
UK 8th ‘most attractive’ location for renewable energy development, EY says
The UK is the 8th most attractive location for new renewable energy development, a new report said.
The contrasting private equity approach to North Sea assets and services
After a period of relative quiet, North Sea oil and gas is increasingly in the private equity spotlight, amid renewed confidence that has spurred an appetite for deal making.
Oil firms must protect entrepreneurial flair when buying low carbon start-ups
Oil companies are increasingly investing in low-carbon technologies that have the potential to disrupt their core and end-markets.
Right set of skills required to decommission
As many North Sea oil and gas assets reach the end of their productive lives, decommissioning is increasingly on the C-Suite agenda.
North Sea operators must work with suppliers or risk becoming ‘second-class’
North Sea operators must treat oilfield service (OFS) firms with care or they could end up becoming “second-class clients” in a tightening market, an industry figure has said.
Innovative models for a tricky market
In eras of high oil prices, operators have focused on bringing oil to market, with less consideration for the costs and risks they incurred.
Oilfield services sector can expect further M&A growth this year, EY says
Global oil and gas total deal value increased by $79.7bn during 2018 to reach $426.8bn, despite a decrease of 18% in deal volume.
EY appoints new oil and gas leader
EY, one of the world’s largest professional services firms, has appointed a new global leader for oil and gas.
Oil sector still has plenty of waste to ‘get after’, BP boss says
The oil industry is still guilty of rampant “waste” despite concerted efforts to drive efficiency during the downturn, a boss at BP said yesterday.