Executive viewpoint ///

What a difference 12 months can make in the oil and gas industry. This time last year, with oil prices comfortably over $100/bbl, there was a high degree of confidence that we were in line for a period of sustained stability and security. One of our biggest challenges was where to find additional personnel to carry out the increasing amount of work, including a source of new recruits to keep this growing sector at the forefront of industrial and technological development. The six-month dramatic decline in oil price saw it tumble to a six-year low, below $50/bbl. Some forecasters predict that we may see the price hover around $60 for the rest of 2015, while others suggest it could take us as long as three years to return to previous levels.

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