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Johnston Carmichael

North Sea

Be brave and place some bets

There’s a general view that we should consign the year gone by to history. In oil and gas, and the wider energy industry, 2020 can more accurately be viewed as another challenging time for a sector accustomed to being beleaguered.

People

New finance boss for MRDS

Drilling services firm MRDS Group, of Aberdeen, has hired a former Clydesdale Bank area director as its new finance chief.

North Sea

MSIS acquired in pre-pack deal, 88 jobs saved

Eighty-eight north and north-east jobs have been saved after industrial cleaning and environmental-waste management specialist MSIS plunged into administration and was swiftly acquired by a local rival.

Opinion

Relief from R&D costs

The development of innovative technology solutions has never been more crucial to the oil and gas industry than it is right now.

Opinion

Opinion: Critical to tackle the collapse in investment

Oil and gas companies have made significant in-roads into reducing the cost of production, but this is in the context of some of the highest operating costs in the world. With the oil price falling from the highs of above $100 a barrel in the summer of 2014, those cuts alone cannot go far enough and real fiscal stimulus is needed to drive renewed investment.