Amec looks to return to Libya

Oil industry giant Amec is looking to expand its acquisitions in order to build on the profit it has already generated this year.

The company said that it has had a strong performance this year so far – posting pre-tax profits of £126 million – as well as bigger than expected growth in its North Sea divisions.

Chief executive officer Samir Brikho said: "We see demand for our services remaining strong. We still see a lot of opportunities out there."

The company also intends to return to Libya, as soon as the dust settles, and views the oil-rich north African country as a fantastic opportunity.

Amec has previously worked within Libya, but when civil war broke out this year it evacuated most of its 230 employees working there.

Meanwhile, Norwegian oil services giant Aker has announced it intends to expand its workforce in the North Sea.

This move could see it create some 500 jobs in the UK, as well as some in Norway.