November 6, 2015

A move to the Tees Valley’s newest business and innovation centre is helping an software engineering company tap into fresh business opportunities.


Stockton North MP Alex Cunningham officially opened Industrial Asset Management Technology Ltd’s (IAMTech) new base at Fu...

October 29, 2015

Oil giant Royal Dutch Shell has slumped to a loss of $6.1bn (£4bn) for the third quarter after taking a $8.2bn (£5.4bn) hit from ditching long term projects and the impact of lower oil and gas prices.


Shell said it had taken a $2.6bn (£1.7bn) hit on the recent decision...

October 27, 2015


BP has taken a fresh hit from the slump in oil and gas prices as third-quarter profits fell by half and it set out plans for a further $1bn cut to 2015 spending.


The company, a staple of many UK pension funds, said replacement cost profits dipped to $1.23bn (£804m) fr...

October 14, 2015


With prices at $50, the same 5% cut in production costs can make a huge difference to your assets profit margins.

This is why we are seeing a dramatic series of lay-offs in the industry.


This is why there has been a year-on-year >50% reduction in the North American act...

October 6, 2015

The office was descended upon today (05th October 2015) by Sky News - looking for a North East business owner to comment on Chancellor George Osbournes pro "Northern Power House" speech presented earlier at the Conservative Party Conference in Manchester.


In all seriou...

October 1, 2015

With oil & gas prices low and looking to stay that way, production price is becoming paramount in the value and viability of oil and gas assets. Suddenly, many facilities have become money-losing enterprises. While this may not last forever, it will definitely last lon...

September 25, 2015

A short move from UK’s industrial heartland, into Stockton’s Fusion Hive facility has already opened up new potential business for IAM Technology Ltd (IAMTech) as the oil, gas, chemical & power software specialists become the latest tenant at the state-of-the-art offic...

September 22, 2015

What is driving the soft oil price we are all experiencing?


High oil prices created the conditions for unconventional (or “tight”) oil to grow and challenge OPEC’s market share; thus, prolonged low oil prices must be part of OPEC’s solution!


By keeping prices below the...

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