Gas exploration company iGas has announced plans to close its Scottish office in Dart and reduce staffing by 25%, saying the falling oil price had forced it to review its cost base.
The company has also disposed of assets in Australia and Singapore, and expects to dispose of Indonesian assets shortly. In the UK, sites have been farmed out to Ineos. Chief executive and founder Andrew Austin will leave the firm, to be replaced by current chief financial officer Stephen Bowler.