North Sea oil and gas production will collapse as early as 2020 unless the basin sees greater investment, an industry expert has warned.
North Sea oil and gas
Oil industry veteran Sir Ian Wood has said it is completely wrong to think that the North Sea oil industry is finished and gave a guarantee that it will return to strong activity within the next five years.
I’ve just taken my last walk-around this year’s Subsea Expo and chatted to some very weary exhibitors who are in the process of dismantling their stands and looking forward to putting their feet up.
The UK oil and gas industry should learn from the car industry how to reinvent itself as a world-class technological leader, a company boss has urged.
The entire oil and gas industry must transform the way it goes about its business if there is to be a viable future.
Offshore union RMT has warned of long-term damage to Britain’s energy industry after BP posted its largest annual loss for 20 years and revealed another 3,000 job losses as it continued to hack back on budgets in the face of global turmoil.
There’s not a quick fix solution to the range of issues currently facing the subsea industry.
The Scottish economy contracted last month as a result of a downturn in the oil and gas industry, according to a new report.
Confidence levels among oil and gas contractors working in the North Sea have hit an all-time low, with a large majority believing job losses will continue over the next year, an industry report has found.
Chancellor George Osborne gave the North Sea oil and gas industry a clear signal that it will have to become its own saviour - by saying nothing about it in his Autumn Statement.
An Aberdeen engineer, made redundant during the recent oil industry contraction, has decided to return to further education as the sector confronts a new reality.