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McDermott closes Aberdeen office

Offshore industry newsletter Frontrunner is reporting American offshore engineering specialist McDermott is drastically cutting back its plans for the North Sea market. The company’s Aberdeen office is closing.

“The softness of the North Sea market has consequences,” the report in Frontrunner noted, adding: “When a key region is seeing minimal spending, far reaching changes have to happen. Not just because the cost base of the industry is being reset, but because when the market is flat as a pancake, then the competitive landscape changes too.”

Back on home soil, McDermott has also let go of 25 staff at its Houston office.

 

Sam Chambers

Starting out with the Informa Group in 2000 in Hong Kong, Sam Chambers became editor of Maritime Asia magazine as well as East Asia Editor for the world’s oldest newspaper, Lloyd’s List. In 2005 he pursued a freelance career and wrote for a variety of titles including taking on the role of Asia Editor at Seatrade magazine and China correspondent for Supply Chain Asia. His work has also appeared in The Economist, The New York Times, The Sunday Times and The International Herald Tribune.
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