Technip and FMC Technologies today revealed the two firms would merge to create TechnipFMC – a new company with an equity value of $13billion. The move would save the firms’ $400million, according to today’s announcement. Thierry Pilenko, Technip’s c… Read More
Wood from forests “teeming with wildlife” in the US is being burned for electricity in the UK, conservationists have claimed. Wood pellets are being sourced from hardwood forests in North Carolina, part of the North American Coastal Plain which was r… Read More
An offshore helicopter heading to Aberdeen carrying 18 people was forced to make an emergency landing today. The Bond S-92 was travelling back from an offshore installation North-east of the city and declared the emergency while flying over the North… Read More
Aberdeen Harbour Board has released the latest animation illustrating the proposed new harbour extension at Nigg Bay. It provides the most detailed vision yet of the £415million development that would increase capacity and allow larger ships to dock … Read More
Scotland has the opportunity to be at the heart of a $100billion decommissioning industry, more than double the value previously estimated, according to the chairman of the industry body Decom North Sea. Callum Falconer, who is also Marathon Oil Deco… Read More
Two energy giants have distanced themselves from rumours of another $17billion mega-merger as the low oil price environment creates a febrile environment for takeover speculation. It emerged instead that Apache Corporation met with staff yesterday to… Read More
Large scale mergers are on the up. We have seen Shell’s merger with BG. And the newly announced merger of Technip and FMC. At a less visible level, many of the smaller and mid-sized service companies have mergers on their radar. Or are being bought b… Read More
Oil and gas operators have seen a 15% reduction in their UK-based headcount over the past 12 months – and they expect a further decline of 17% in the year ahead. The worrying forecast about further job cuts is from Aberdeen and Grampian Chamber of Co… Read More
