Norwegian oil services firm Aker Solutions to create 1300 new jobs in London

The Telegraph reported that Norwegian oil services firm Aker Solutions says it aims to build up a 1 700-strong London engineering hub thereby creating 1 300 new jobs by 2015, as growth in global oil and gas markets drives demand for the company’s technologies and services.

Aker Solutions provides oilfield products, systems and services for customers in the oil and gas industry, and is listed on the Oslo stock exchange. The company, which employs more than 3000 people in the UK, opened a new office in Chiswick Park, West London, last year.

UK Prime Minister David Cameron said: “Aker Solution’s decision to create 1300 new jobs at a new engineering hub in Chiswick is great news for the local economy and it is a vote of confidence in the skill, expertise and professionalism of our engineering sector.”

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Scottish Oil Discovery Boosts Shares in Faroe and Dana

Shares in Faroe Petroleum (FPM) and Dana Petroleum (DMX) have enjoyed a boost of 6.3 percent to their share price after the Atlantic Margin, North Sea and Norway-focused explorer announced an oil discovery at the Tornado exploration project, west of Shetland. The well discovered oil and gas in Tertiary reservoir sandstones, and data collection is currently ongoing. As a result, Dana Petroleum saw its shares rise by almost 3%, whilst shares in Faroe Petroleum got a 6% boost. Dana’s chief executive, Tom Cross, stated: “The discovery of hydrocarbons at Tornado is an important result as it lies in an area of the UK Continental Shelf where Dana and Faroe Petroleum have very strong positions as the key independents. We look forward to the sidetrack well to determine the ultimate size of this new field.” This indicates that the discovery may open up a new area for the duo with the potential to create many new jobs in the oil and gas industry in Scotland. To view our current job vacancies in Scotland, please click here.

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