O&G Seeks Clarity on New Skills Tax
Gordon, said, “Due to the lack of information from the Scottish government, this is being seen by many as an additional tax on bottom line costs to our industry which could lead to companies looking at cutting costs in areas of their business to find the cash for the levy. At a time when the lower oil price has resulted in thousands of job losses, this could put more jobs at risk, thereby negating the whole objective of the scheme which is to create jobs and opportunities. “We really need to hold the Scottish government to account on this. They’ve had plenty of time to
ROVOP to Create New Jobs on GoM Growth
positioning the mattresses in zero visibility meant that we eliminated the risk to divers by deploying one of our high-performance ROVs and expert operators. We look forward to working together on future projects. “ROVOP is bucking the trend in an industry by adjusting to the lower oil price and increasing focus on efficiencies to meet our customer’s needs. In Houston, we have seen a steady growth curve since inception and we expect that to continue for the rest of the year.” ROVOP also supports industry education and collaboration in the US. Betts
Rolls-Royce Marine Unit to Cut 600 Jobs
British engineering group Rolls-Royce (RR.L) said it would cut 600 jobs in its Norwegian-focused marine business in response to the lower oil price, a move it said would have a "broadly neutral" impact on 2015 profits. Rolls-Royce is in the middle of a cost-saving plan in its aero-engines business and headquarters, axing 2,600 jobs, and the streamlining of its marine business comes after a year of profit downgrades and cancelled orders. The company said that from 2016, the job cuts in marine would help generate 25 million pounds of benefits. Shares in Rolls-Royce
Directorate Changes at Fastnet
; Fastnet, the UK and Irish listed E&P company focused on near-term exploration and appraisal acreage in Morocco and the Celtic Sea, announces certain management changes following the appointment of Carol Law as CEO in December 2014 and a review of the Company's cost structure in light of the lower oil price environment. As a result of this internal review, Will Holland's employment as Chief Financial Officer of the Company has been terminated and he leaves the Board with immediate effect. Ross Crockett, who has been the Company's Financial Controller for the last three years
