American oilfield services and equipment provider McDermott International intends to build a fabrication yard at a shipbuilding complex planned by national oil giant Saudi Aramco on the kingdom's east coast.
Plans to breathe new life into a disused Highland fabrication yard could create more than 2,000 jobs, a site boss said yesterday.
The first cut of steel for a £1.4billion North Sea gas field development was marked at a fabrication yard in north-east England today.
The Arnish fabrication yard on Lewis is to get a £2million shot in the arm from a Scottish investment fund aimed at boosting low carbon and green projects, it has been announced today.
Prime Minister David Cameron has pledged to deliver a "good" tax regime for the North Sea oil and gas industry.
THE announcement that Global Energy Group has finally secured the purchase of the Nigg yard was widely welcomed by politicians and business leaders yesterday.