Many North Sea oilfield service firms are being left in a “desperate situation” over whether to axe staff or pay mounting maintenance costs to keep them on furlough.
An oil industry representative body has announced the formation of a North Sea recovery taskforce as “hard decisions” start to bear down over thousands of redundancies in the sector.
A trade union boss has said offshore contractors’ plans to scrap a blanket deal covering thousands of workers went against “every principle” championed by North Sea industry.
Offshore engineering firm Aker Solutions slipped into the red in the first quarter of 2020 as the firm faces a "disruptive" year due to market uncertainty.
New research by global property giant CBRE has revealed a healthy start to 2020 for the office market in and around Aberdeen.
Offshore engineering firm Aker Solutions expects revenues to decline thanks to "considerably" reduced activity from operations due to the Covid-19 pandemic fallout.
A deal has been struck to protect hundreds, and potentially thousands, of North Sea jobs during the coronavirus outbreak.
Aker Solutions has warned contractors in Norway of potential job losses amid fears work will slow down due to the coronavirus spread.
While the discussion about the future of the north-east energy sector rages on, young people in the industry are having to reposition themselves in a world that views them as the great new hope and the torchbearers of a quickly changing power system.
Investment in digitalisation and low-carbon technology were key to helping Aker Solutions grow its revenue and earnings last year, the Norwegian energy services firm said.
A North Sea deal between one of the basin’s biggest producers and a little-known consortium has set “alarm bells ringing” in the UK offshore oil and gas sector, a trade union boss has said.
Equinor has picked Aker Solutions to carry out a front-end engineering and design study for topside modifications to accommodate power from shore at the Troll B and C platforms.
Aker Solutions and Subsea 7 will deliver the second phase of the Aerfugl project off Norway for Aker BP.
An innovative North Sea equipment sharing scheme devised to save companies time and money on ordering new gear could be revived next year.
Equinor has handed Aker Solutions a £100 million deal to provide inspection services on more than 15 of its installations off Norway.
Several North Sea contractors have joined forces to prevent unskilled workers entering the market as a “challenging shutdown period” approaches.
The chief executive of the Oil and Gas Technology Centre (OGTC) has forecasted “some difficult times ahead” as the industry embraces digital innovations.
Aker Solutions has warned that revenue and earnings are expected to dip next year as it fights for work in a “very competitive market”.
Aker Solutions has set out plans to derive 20% of its revenue from renewables and 25% from low-carbon solutions by 2030.
“We attract the best employees and help them learn, grow and realise their dreams through mentoring and other career development assistance,” Aker Solutions says on its website.
Energy services firm Aker Solutions has announced plans to cut nearly 100 jobs in Aberdeen.
The shortlist for this year’s prestigious Oil & Gas UK Awards has been revealed today.
Aker Solutions' boss of low carbon energy warned yesterday that the sector would be "digging its own grave" if it didn't share knowledge and best practice in the energy transition.
The development of intelligent subsea design brings the North Sea closer to a "safer" future with unmanned platforms, the boss of Aker Solutions has said.
Aker Solutions has won a £65 million order from Adnoc to deliver subsea umbilicals for the Dalma gas development project located offshore UAE in the Persian Gulf.