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.
KPMG
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.
North Sea firms to ‘think harder’ about investments after Brent slipped below $50
Plunging oil prices are likely to make North Sea companies “think harder” before making investment decisions, industry experts said on Friday.
Job losses as Whyte Crane Hire goes into administration
An Aberdeenshire crane hire firm has collapsed into administration, with the loss of 11 jobs.
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.
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.
Time for the UK’s energy sector to tell its climate change story
Every Christmas the Oxford Dictionary announces its word of the year. This year it’s ‘climate emergency’. Over the last twelve months there has been a rapid acceleration in climate activism around the world.
Attracting, incentivising and retaining staff — the EMI scheme option
Aberdeen and Grampian Chamber of Commerce’s 31st Oil and Gas Survey painted a positive picture for the oil and gas sector.
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.
Oil and gas firms report confidence levels are up
A new study into the health of the North Sea oil and gas industry has revealed growing levels of confidence and an increasing number of firms gearing up for the energy transition.
Scottish firms urged to prepare for a no-deal recession
Businesses throughout Scotland are being urged to prepare for a recession as the threat of a no-deal Brexit becomes “increasingly real”.
Oilfield services transactions at lowest level since 2014 oil price crash – KPMG
Growing optimism in the oil and gas sector has failed to date to deliver a lift in oilfield services (OFS) transactions, according to KPMG.
TechX pioneers make the grade
Eleven fledgling companies have graduated from an intensive Aberdeen-based oil and gas technology accelerator programme.
‘Upward shift’ in UK mergers and acquisitions
The Aberdeen based energy team working for one of the Big Four firms has reported a rise in M&A activity in the last year and a half.
Business leaders join forces to give oil sector tech and innovation ‘heart’
A group of north-east business leaders have joined forces to ensure technology and innovation becomes the heart of Scotland’s oil and gas industry.
Oil and gas logistics firm FreightCo goes bust, 19 jobs lost
The FreightCo group has gone bust, with 19 jobs shed among its 24-strong workforce, the provisional liquidators said yesterday.
North Sea energy firms ahead of the curve for confidence, KPMG report says
New research from KPMG has highlighted a growing gap in business confidence between North Sea energy firms and the wider Scottish and UK economies.
North Sea firms show confidence in future by investing, chamber survey says
Oil and gas firms are convinced that Aberdeen can cement its place as an energy powerhouse while making the transition to a low-carbon future.
KPMG urges the oil and gas industry to plan ahead for changes to IR35
In the Chancellor’s most recent Autumn Budget the UK government confirmed plans to reform the IR35 tax legislation for the private sector.
Oil supply chain firms showing ‘zombie’ symptoms, KPMG says
Oil and gas supply chain firms are among a large number of Scottish companies showing "zombie-like" symptoms, KPMG has said.
Opinion: Visions of cheese
Whilst we are seeing a clear uptick in activity and the UK oil and gas industry is certainly on the way up again, the industry must continue to move forward. However, under current market conditions, how can companies capitalise on change whilst remaining stable and sustainable and, more importantly, will there be enough return for all?
KPMG: The challenges of assessing third party risk
There is increasing pressure on oil and gas companies in Aberdeen to address the risks associated with counterparties, be it suppliers, agents, vendors, contractors or joint venture partners - the list goes on.