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Oil and gas industry still has a strong future in Scotland

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Staff Writer | September 20, 2016
The oil and gas industry still has a strong future in Scotland, despite its current challenges, First Minister Nicola Sturgeon said as she announced new activity and investment in the sector.
Nicola Sturgeon
Energy sector   The new Statoil HQ
She officially opened the new headquarters of Statoil in Aberdeen, as she provided an update on how initiatives to support the industry are progressing.

The new Statoil HQ is part of the company’s plans to expand its operation in the North Sea and by 2018 Statoil expects to employ up to 200 employees onshore and up to 500 positions offshore in the full team.

In addition, more than a thousand jobs will be supported in the supply chain as Statoil develops the Mariner field, with work expected to start in the summer of 2017.

Statoil’s expansion plans in both oil and gas and renewables demonstrate the versatility of Scotland’s energy sector, with Statoil also investing in offshore wind through the Hywind project - the world’s first floating offshore wind development, off the coast of Peterhead.

Ahead of a meeting with Oil & Gas UK, the First Minister also confirmed that the first 600 people have had applications approved for the three-year Transition Training Fund, launched in February to help Scotland retain the skills developed through the oil and gas industry.

She also announced that around 70 innovation projects with a total project value of around £16 million have benefited from £7 million of Scottish Government support to help firms reduce the risks associated with research and development. A further £1.1m has been invested to support business resilience in the oil and gas industry.