oil & gas

Business

Opinion: Restructuring on the horizon for oil and gas

August 17, 2016

The oil price drop has been severe, with a profound effect on the industry. Almost every business is reassessing how it operates and looking for ways to respond – cutting costs and discretionary capex, all the while enhancing production volumes to keep their head above water.

Business

Aberdeen property prices fell 6.8% in 2015 as oil slump kicked in

February 17, 2016

Aberdeen has seen the steeped drop in Scottish house prices with price of an average home falling 6.8% to £212,598 in 2015. The fall in house prices reflects the decline in the oil and gas sector which has led to thousands of north east jobs lost. Read the article on Energy Voice. 

North of Scotland

Video: Huge waves hit North Sea platform

December 17, 2015

This footage shows a huge waves hitting a North Sea platform during harsh weather. The video was uploaded just a couple of weeks after a rescue ship was caught on camera navigating massive waves in the North Sea. Read the full article and see the video on our sister website Energy Voice. 

Business

Video: Timelapse of Shell’s self-installing rig in the Phillipines

October 23, 2015

This time-lapse shows a self-installing platform which will help unlock more energy from deepwater, in waters off the coast of the Phillipines. It is the first offshore platform designed and built in the country. Read the full article and see the video on our sister website Energy Voice. 

Business

Plans to cut jobs in Peterhead

August 4, 2015

Energy firm GE Oil and Gas today announced plans to cut jobs at its facility in Peterhead due to low oil prices. GE employs about 130 people at the base, where components used in the oil and gas industry are made. Read the full article on our sister website Energy Voice. 

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