Home > Europe > UK & Ireland
Related topics: UK & Ireland,Aberdeenshire, Events, United Kingdom
January 29, 2015
| by:

UK: Aberdeen Cancels Oil Industry Events as Prices Slump

The dramatic fall in oil prices has resulted in a reduction in the number of energy-related events in Aberdeen, the city’s leading venue has said.

Aberdeen Exhibition and Conference Centre (AECC), which can be reliant on the energy sectors for up to 50 per cent of its turnover in years when it hosts the huge SPE Offshore Europe, says some oil companies have cut back on events in response to the fall in oil prices from around USD$110 (£73) per barrel to under USD$50 (£33) per barrel.

And the venue is attempting to diversify into other sectors, in an attempt to become less reliant on oil and gas.

MD Brian Horsburgh said: “Over recent years, we have sought to expand our non-energy business so that the venue is less reliant on the energy sector. Currently, the business-to-business energy events have not been affected, with many showing year-on-year growth.

Read more at MeetingsNet.com...

What do you think of this $type?

About the Author: CAT Publications





   IT&CM China  Caribbean Meeting Incentive Travel Exchange      Gulf Incentive, Business Travel & Meetings Exhibition EIBTM IBTM IMEX America  IT&CMA IT&CM China IT&CM India Conventa BTC convene  cventMBTMMA 2013 COCAL 

GLOBAL AGENCY PARTNERS                                                                                           OFFICIAL TRADE SHOW PARTNER FOR THE UK MEETINGS MARKET 

MCI Ovation Euromic