Recruiter TMM brings in private-equity expert as chairman
A recruitment agency based in Aberdeen has appointed private-equity investment expert Jock Gardiner as its chairman.
KPMG
Red flags for Malaysia’s Serba Dinamik amid finance probes
Serba Dinamik, one of Malaysia’s leading oil and gas service and equipment companies, has been put on a Rating Watch Negative (RWN) list by Fitch Ratings as the firm faces an investigation over unverified contracts.
Survey shows lift in optimism for UK oil industry, more firms target renewables
A new survey has highlighted a “significant improvement” in confidence levels among North Sea oil and gas contractors who are also increasingly looking to weigh in for the energy transition.
Former Ofgem chief joins Storegga board
Storegga Geotechnologies, the lead developer behind a north-east carbon capture and storage (CCS) project, has appointed Alistair Buchanan CBE as a non-executive chairman.
Now more than ever, business leaders must get ESG reporting right
Recently I was briefing one of my fellow colleagues at KPMG ahead of a meeting with a Government Minister. He asked me about ESG reporting and as I marshalled my thoughts it came home to me just how critical reporting really is to progressing this agenda.
Transition deal hailed for recognising industry’s role, but some reserving judgement
Energy sector figures have hailed the North Sea Transition Deal for recognising the oil and gas industry’s key role in the UK’s shift to net zero.
Calls for UK Government to put net zero at heart of upcoming spring budget
Westminster is being urged to ensure that plans for net zero remain a “top priority” for businesses and society in its upcoming spring budget.
Libya talks digital transformation with KPMG, meets UK officials
National Oil Corp. (NOC) and KPMG Tunisia have reached a deal on new financial and administration systems.
KPMG targets energy transition with new specialist advisory practice
Accountancy firm KPMG has launched a new specialist energy lead advisory practice with the aim of supporting clients through the energy transition.
Energy transition commitments could go some way to reversing North Sea pessimism
It’s hoped commitments to put energy transition “at the heart” of economic recovery plans could go some way to reversing negative trends in the oil and gas industry.
North Sea firms warn further job losses on the horizon, confidence falls to lowest level since 2015
Around a fifth of North Sea oil and gas contractors have warned they expect to make further job cuts in 2021 as they continue to deal with ongoing turmoil in the sector.
UK businesses concerned by lack of skills required to tackle climate change
UK businesses are facing an era of unprecedented disruption and transformation as a direct result of climate change.
Britain’s business chiefs can lead from the front on climate change and sustainability
As the UK prepares for a potential second national lockdown, it’s forgivable that some people might argue ‘now is not the time’ to address climate change and the wider ESG agenda. In my view, the challenges we’ve all faced over the last year reinforce the need for the business community to take action right now and lead from the front.
Do not snub HMRC letters about furlough scheme, firms told
North and north-east firms are being warned not to ignore letters from HM Revenue and Customs (HMRC) seeking clarification over their applications to the UK Government’s Coronavirus Job Retention Scheme (CJRS).
Aberdeen-based angel investors eyeing two more targets
An Aberdeen-based angel investment syndicate is inching towards its fifth and sixth portfolio companies just a year after launch.
Innovation and technology can safeguard the UK energy M&A environment
To describe the last few months as a challenging period for the energy sector would be an understatement.
12 start-ups for new TechX virtual accelerator programme
A dozen “pioneer” start-ups are taking part in the Oil and Gas Technology Centre (OGTC)’s third annual TechX Accelerator programme.
EY beefs up Scottish tax team
Two senior tax professionals have joined the Scottish tax team at EY in the latest announcement of growth and investment by the professional services firm.
WFS Technologies bought by US fund after hitting the wall
Award-winning Scottish subsea gadget firm WFS Technologies has been bought out of administration in a so-called "pre-pack" deal, saving 19 jobs.
Covid delays KPMG Aberdeen office move
KPMG’s boss in Aberdeen, Martin Findlay, has said it is “something of a badge of honour” to have become the professional service firm’s first senior partner to have no fixed abode.
KPMG calls on UK’s business community to take lead on climate risk
KPMG is calling on the UK Government and business community to put the green agenda at the heart of its economic recovery plans.
Restructuring set to be major feature in future
A wave of restructuring will wash through the North Sea oil industry as firms battle to make themselves “fit” for the new reality, a top accountant has said.
‘Sleepless nights’ as new Covid-19 self-employment support leaves many North Sea workers in limbo
New UK Government measures to support the self-employed will cause “sleepless nights” for those North Sea workers who have been left in limbo, according to industry experts.
Laggards will be pleased with IR35 reprieve, but better prepared firms miffed
The deferral of a “deeply unpopular” reform with huge implications for North Sea industry is a welcome surprise for many businesses and contractors, tax experts said yesterday.
Scotland’s oil and gas sector should prepare for evolution, not revolution
We’re just days away from the UK Budget and this year’s spending plans are leaving us all questioning what to expect. With a new Chancellor, a new majority Conservative government, the build-up to COP26, and a flurry of Brexit transition negotiations, there’s a lot of second-guessing about the UK’s direction of travel after March 11.