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Weatherford, the oil services company, is to set up a new £19m headquarters at Altens in Aberdeen by 2008, and plans to create 500 new jobs over the next five years.
Weatherford International, the oil services group, is to relocate its manufacturing business and up to 50 staff from Aberdeen to Arbroath, but will soon announce plans for a new research and development site in Aberdeen.
Weatherford, the US oil services group, is to set up a £1.5m research headquarters at the Aberdeen Offshore Technology Park, with the creation of 12 jobs.
Weatherford is to create 150 jobs at a new £7.6m manufacturing facility for the oil industry in Arbroath, and a further 30 jobs will be created at a research centre in Aberdeen.