Dril-Quip ‘poised’ to slash north-east workforce
US oilfield equipment firm Dril-Quip could be poised to make scores of Aberdeen staff members redundant in response to the crude price slump and Covid-19 pandemic.
Aberdeen
Centrifuges Un-limited boosts headcount to target Norwegian growth
Centrifuges Un-Limited, the Aberdeen-headquartered oilfield services firm, is increasing its headcount as it targets growth in Norway.
Ithaca Energy to shed 25% of onshore employees as it sinks to £944million loss
Ithaca Energy plans to shed a quarter of its onshore workforce after sinking to a £944m pre-tax loss amid the "historic collapse" of oil and gas prices.
Energy transition investment will be ‘propelled’ by Covid-19 says oil and gas lawyer
A leading oil and gas lawyer has added his voice to predictions that Covid-19 will drive a spike in energy transition investments.
Neptune Energy to cut 400 jobs from global workforce
Private equity-backed operator Neptune Energy has announced proposals to cut 400 jobs globally, representing around a fifth of its workforce.
Cnooc appoints new North Sea managing director
Chinese oil firm Cnooc has appointed a new managing director to lead its North Sea business in Aberdeen.
NHV Group lands five-year helicopter contract extension with Ithaca
Helicopter group NHV has landed a five-year North Sea contract extension with Ithaca Energy.
Scottish Government unveils £62million support package for crisis-hit oil and gas sector
A £62million Scottish Government support package has been unveiled to help oil and gas firms make a green recovery from the Covid-19 crisis.
Wood and Global Energy Group praise Scottish Government energy transition funding
Energy services firms Wood and Global Energy Group have praised a new £62m Scottish Government package, saying it will “build momentum” towards a "true energy transition".
Sir Ian Wood: £62m energy funding package brings ‘exciting challenge’ for north-east economy
Sir Ian Wood, chair of economic development body Opportunity North East (ONE), comments on the Energy Transition Fund announcement from the Scottish Government.
Worley cuts another 1,900 jobs due to Covid-19
Engineering giant Worley has cut another 1,900 jobs globally in response to the Covid-19 crisis.
North-east economy to be worst-hit in Scotland due to oil price and pandemic, says KPMG
The north-east economy is expected to be the worst hit region in Scotland by the Covid crisis according to a new report by KPMG.
‘Disgust’ as Bilfinger cuts 180 Aberdeen and offshore jobs hours after announcing £350m contract wins
Workers have expressed “disgust” after industrial services giant Bilfinger announced 180 job cuts in Aberdeen and offshore, just hours after touting contract wins worth £350million.
Oceaneering puts 340 UK workers at risk of job cuts
Oceaneering has put more than 300 UK workers at risk of redundancy less than three months after opening a brand new regional headquarters in Aberdeen.
Oil leaders ‘conspicuous by their silence’ on racism and global protests, says AFBE-UK
Some oil industry leaders have been “conspicuous by their silence” on racism and global protests, according to the chairman of a group for black and minority (BME) engineers.
Wood targets 40% reduction in emissions by 2030
Aberdeen-headquartered energy services firm Wood has announced targets to reduce its direct and indirect emissions by 40% by 2030.
Borr Drilling ‘extremely pleased’ with £250million financial lifeline
Borr Drilling has agreed a debt restructuring deal which will improve the liquidity of the rig operator by more than £250million for the next two years.
North Sea bosses confident of weathering Covid crisis
For a trio of north-east oil service firms, the Covid-19 crisis could appear as a stop sign, blocking their progress just as they were reaping the rewards from years of groundwork.
‘Everyone has a plan until they get punched in the face’
"Build back better."
SSEN donates £150k to help vulnerable in Scotland during pandemic
Communities in the north and north-east have been awarded tens of thousands of pounds by an energy company to help them support others during the pandemic.
OGA director ‘confident’ of backing for sector deal and underwater hub this year
An industry leader has said he is "confident” of securing government backing for a sector deal and a global underwater "hub" in Aberdeen this year.
The Aberdeen Clinic ramps up to 500 offshore worker tests per day
An Aberdeen firm has ramped up to testing more than 500 offshore workers per day for Covid-19.
Offshore helicopter chiefs lobby Westminster and Washington as firms fight to ‘survive’ downturn
Industry chiefs are fighting in Westminster and Capitol Hill to support global helicopter firms that operate in the UK North Sea, warning some “will probably not survive”.
Call to resurrect Scottish Government oil jobs taskforce as thousands face redundancy
A call has been made to resurrect a Scottish Government programme to protect oil and gas jobs as thousands of workers face redundancy.
North-east pension cash put into BlackRock renewable power fund
The north-east’s local government pension scheme (LGPS) has invested in a renewable power fund set up by asset manager BlackRock in a show of commitment to the energy transition.