News Archive for: March 2013

Malcolm Webb, Oil & Gas UK’s chief executive, said: “Oil & Gas UK forecasts record investment in producing Britain’s oil and gas reserves this year, boosting jobs across the UK. However, companies frequently cite the skills shortage as the biggest challenge in achieving growth so as an industry we…

The average wage of North Sea workers will rise by 15% from £64,000 to £73,000 over the next year, according to analysis by a recruitment firm.

The survey by Oil and Gas People said many companies were worried that wages were rising too fast and would make operations too expensive.

Respondents…

Aker Solutions, based in Aberdeen, will manufacture and supply equipment for BP, which is upgrading the Schiehallion and Loyal fields 100 miles west of Shetland.

The fields are estimated to contain a further 450m barrels of oil.

Aker Solutions specialises in subsea technology, in which wells are monitored and managed remotely…

Lord Browne, the former chief of BP and now the most senior business adviser to the coalition government, has vowed to defy environmentalists to invest “whatever it takes” – potentially running to billions of pounds – in the controversial UK “dash for gas”.

In a rare interview Browne, chairman of…

The confidence of Britain’s oil and gas industry is steadily increasing according to Oil & Gas UK’s business confidence index published today (12 March). An analysis of data gathered in February reveals that the sector has moved further into positive territory with a score of 60 points on a…