Oil service business Wood Group PSN said yesterday it had extended a major contract with Total E&P UK.
oil service business
One of Scotland's leading entrepreneurs, Jim McColl, revealed plans today to open two oil and gas service centres in Aberdeen employing dozens of people this year.
International energy service giant Petrofac said yesterday one of its north-east based subsidiaries was moving into new premises to accommodate its growing workforce.
North-east oil service business Fisher Offshore announced yesterday it had spent more than £5million upgrading its equipment.
OVER recent weeks, the optimism that had driven commodity prices and equities higher disappeared. The escalation of the Greek debt problems has certainly highlighted the still significant issues facing the global economy. In broad terms, we believe that if the market is undergoing volatile movements in a possible sideways direction, then the quoted oil&gas sector may still outperform.
Oil giant BP is asking its contractors and suppliers in its North Sea business to work with it to identify ways to reduce costs and improve efficiency after being hit by lower crude prices.
More than 1,000 North Sea contractors will see their pay cut by an average of 10% as oil companies feel the impact of lower crude prices.