The 1990s were a brutal time in the North Sea, with the oil & gas industry largely pre-occupied with trying to recover from the 1986 global price crash and culminating with the second crash, the slide for which began in 1997 and bottomed out late 1998/early 1999.
Chrysaor and Premier Oil have issued their last sets of separate financial results ahead of completing their merger at the end of the month.
Aberdeen energy services firm Wood has appointed a 40-year veteran of the oil and gas industry as its new chairman.
Job losses and office closures are inevitable but Wood Group will keep its headquarters in Aberdeen following a £2.2billion takeover of energy services rival Amec Foster Wheeler (AMF), it was announced yesterday.
Amec Foster Wheeler has appointed Roy Franklin as an independent non-executive director. He takes up his role on January 1, 2016.