MORIBUND Aberdeen Offshore Technology Park is being rebranded and overhauled in a bid to attract fresh investment and create hundreds of new jobs.
Energy can reveal that the AOTP will be renamed Aberdeen Science and Energy Park, embracing wider science R&D and the broader energy opportunities for the Granite City in the future.
The overhaul is one half of a wider plan by Scottish Enterprise Grampian to breathe newlife into this and Aberdeen Science & Technology Park at Balgownie. Together, they host more than 90 companies and account for about 1,400 high-value jobs.
Five years ago, pundits were worried that oil was getting too cheap. The $5 barrel looked a genuine prospect, heralding a wave of instability in producing countries from Venezuela to Iran.
Now, the graphs are pointing the other way. $50 a barrel is not too far off, and doom-mongers warn a terrorist outrage could push prices to $80 and beyond.
Attempting to predict the oil market, then, is a mug's game. But since things seem to have reached some sort of crossroads, it's at least worth trying out a few possible scenarios for the way prices could develop.
The Norwegian government has intervened in an industrial dispute that had threatened to halt oil production.
The risk that a week long strike would escalate with a lock-out on Monday spurred the government to act.
"Such an escalation of the labour conflict would...have serious socio-economic consequences," said Social and Labour Minister Dagfinn Hoybraaten
"We will be at full production in a few days," said the oil industry association's leader, Per Terje Vold.
THE world's big five underwater contractors are being taken for a ride by the super-majors. While their profits soar, McDermott, Saipem, Stolt Offshore, Subsea 7 and Technip remain, collectively, deep in the red.
Despite years of saying that contractors would be treated equitably and be rewarded for their efforts, BP, ExxonMobil, Shell, ChevronTexaco, ConocoPhillips and Statoil have collectively stuffed them, allegedly.