The latest official 'Gers' figures show Scotland's share of oil and gas revenue was worth £9.4bn last year – is that reason to celebrate or worry about a volatile future?
Nicola Sturgeon pledged to discuss extra support for the North Sea oil industry but failed to outline specific measures when asked about the impact of the plummeting oil price.
Oil and gas majors must compromise to deliver an upturn in the sector’s fortunes, an industry analyst said yesterday.
Stephen Halliday, group president of consultancy group Wood Mackenzie, said the energy industry was competitive by nature and that for serious progress to be made, the sector’s leadership had to get in a room together and collaborate.
It comes days after PwC published a report saying the industry needed a “change in guard at the top” to disrupt its “we’ve always done it this way” mentality.
The North Sea oil crisis is a health scare that must prompt the industry to make lifestyle changes to make it healthy for the long term rather than a fad diet soon jettisoned for old bad habit, according to a senior industry figure.
With the oil price hovering at $30/bbl, it is unsurprising that some are claiming that the North Sea is dead, however they could not be further from the truth.
There is a temptation as I write this to suggest some ‘New Year’s Resolutions’ for the UK Government and their approach to the energy industry next year, but I wouldn’t want to add to their list of promises they don’t intend on keeping.
American buyers are poised to throw lifelines to struggling small businesses in Scotland’s oil and gas industry, according to a mergers and acquisitions (M&A) expert.
OPEC's widely anticipated decision not to cut production could have far reaching consequences for the global oil markets - and the North Sea oil industry - according to experts at KPMG.
Sir Ian Wood warned yesterday that the north-east faces becoming a “museum” if the region fails to secure funding from the £3billion Aberdeen City Region Deal.
Oil companies’ “slash and burn” approach to cutting the costs of their North Sea interests is putting Scotland’s offshore industry at risk, a union leader has warned Holyrood.