The Press and Journal: Oil & Gas Contractors Face “Perfect Storm” of Oil Price Crash and Tax Hit

Tax rises and job cuts have “irrevocably changed” the landscape for North Sea oil and gas contractors, leading business figures have predicted.

Specialists from Johnston Carmichael, Aberdein Considine, Prodrill and Caunce O’Hara – firms which all work closely with the industry’s freelance workers – say trading conditions for their clients is becoming increasingly challenging due to a “perfect storm of economic forces and political interference”.

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