A recent poll suggested industry’s mission to lower its cost base and learn lessons from the downturn will be subjected to an acid test this year.
The global offshore upstream supply chain saw signs of recovery in 2018, and this looks set to continue in 2019, according to global natural resources consultancy Wood Mackenzie.
A new and improved version of an online tool which helps the supply chain keep tabs on upcoming North Sea projects will soon be unleashed.
Energy giant Shell is at a "pivotal moment" in its dealings with the supply chain, one of its bosses said today.
Optimism is growing in Scotland’s oil and gas supply chain after several tough years brought about by low crude prices, a top finance adviser has said.
A ‘potentially damaging’ squeeze on the North Sea supply chain could mean companies won't be able to meet an increase in demand within a few years, according to Oil and Gas UK.
Norway's offshore industry is leading the oil and gas supply chain's "cautious and gradual" recovery, an analyst has said.
Rising oil prices have been a boon for the FTSE 100. The market was at its lowest ebb since 2016 at the end of March, but then rose to record levels on May 22 – some talked of an increase to 8,000.
The oil and gas supply chain is likely to have to keep a lid on its rates for another couple of years as the market remains “brutally competitive”, an analyst has said.
The Oil and Gas Authority (OGA) in January started the roll-out of new measures to ensure operators better engage the supply chain in future projects.
The North Sea supply chain is “still struggling”, though more than half of oil firms expect to take on more new recruits this year.
Nearly two thirds of EU businesses expect to move some of their supply chains out of the UK because of Brexit, a new survey has found.
Scotland’s oil and gas supply chain suffered a 7% drop in international sales in the 2015/16 financial year, a new report said.
Our individual time frames affect the way we view and understand history – and as an effect, the way we react to our current business climate.
Opportunities in offshore repair and maintenance services will be the focus of an oil and gas industry event in Aberdeen next week.
On November 22 and 23, Manchester Central will be playing host to specialist suppliers, movers and shakers across the oil and gas industry.
Industry chiefs have said the Oil and Gas Authority (OGA) can make a telling contribution to efforts to support the North Sea supply chain.
Industry body, Subsea UK, is to bring subsea supply chain companies in Great Yarmouth together in the first networking event of its kind in the region next week.
Although I’m in danger of teaching grannies to suck eggs here, please bear with me… Design & Build (D&B) is a project delivery system used by the construction and related industries to deliver projects in which the design and construction services are contracted by a single entity known as the design & build contractor.
The managing director of Wood Group’s operations in the UK and Africa said the continent offered “fantastic opportunities” for the North Sea oil and gas industry.
Oil and gas companies can help secure a bright future for the north-east by making better use of its “world-beating” supply chain, Energy Minister Fergus Ewing said yesterday. Mr Ewing co-chairs the Oil and Gas Industry Leadership Group (ILG), which is targeting total sales from the domestic supply chain of £30billion by 2020, despite the oil price collapse. But he said operators were guilty of squandering talent which is right under their noses.
NOF Energy, the UK business development organisation for oil, gas, nuclear and offshore renewables sectors, is helping Shetland-based energy sector supply chain businesses access new markets.
Oil and gas supply chain firms are being urged to be vigilant after evidence of a growing number of fraudsters trying to exploit online payment processing systems. KPMG said it had seen a rise in the number of businesses being targeted by criminals seeking to substitute their own bank details for those of genuine companies. The oil and gas industry, with its extensive and complex supply chain, is deemed to be particularly at risk as a variety of legal and illegal means are used to identify suppliers and their customers.
Energy supply chain companies in eastern England are escaping the worst effects of the North Sea industry downturn by keeping prices low and developing new solutions to drive down costs further, according to an industry leader.