Archer cutting 12-15% of global workforce and pays millions for UK redundancies
Drilling contractor Archer is to cut between 12-15% of its global workforce of 5,000 as a result of the oil price crash and Covid-19 pandemic.
Archer
Archer finances ‘robust’ after completing debt refinancing
Drilling contractor Archer has said a newly-completed debt refinancing will help it withstand a “meaningful drop in activity”.
Drilling jobs carnage shows UK oil industry in ‘crisis’
The UK oil and gas industry is in the grip of a “crisis” that could jeopardise North Sea production and the energy transition, a trade union boss has warned.
Archer crew made redundant as Apache scales back drilling operations
Drilling contractor Archer is understood to have laid off another 60 offshore workers following a client’s decision to cut activity levels.
Updated: Trade union disgust as Archer plans 130 North Sea job losses
A trade union has claimed drilling contractor Archer intends to make 130 North Sea workers redundant.
Nearly 50 jobs at risk as North Sea operator takes steps to prevent virus outbreak
Nearly 50 offshore jobs at drilling contractor Archer are at risk due to client Ithaca Energy’s plans to reduce activity levels and crews on two central North Sea platforms.
Archer wins £155m land drilling deal in Argentina
Archer has won a £155 million land drilling contract with Argentina's YPF.
Archer wins Aker BP extension deal for Valhall and Ula platforms
Archer Platform Drilling has announced its success in obtaining an extension deal from Aker BP for two North Sea platforms.
Pair of new directors hired at Nucore
Aberdeen-based Nucore Group has announced the appointment of two new directors.
Jobs ‘at risk’ as Shell pulls plug on Archer deal
Archer said yesterday that it is looking for opportunities to redeploy crew after Shell decided to terminate early a North Sea well decommissioning contract.
North Sea drillers snub ‘inferior’ pay offer from ‘breakaway group’
Scores of offshore drillers have rejected an "inferior" pay offer from a group of companies accused of snubbing a collective agreement.
‘Breakaway’ drilling contractors condemned by union over ‘inferior offer’
A "breakaway" group of drilling contractors looking to offer different terms to workers have been condemned by a trade union.
Archer wins platform drilling services deal with Chevron in North Sea
Archer has won a new five-year deal to provide platform drilling services for Chevron North Sea.
Archer CEO stands down
The chief executive of oilfield services firm Archer has stood down.
Updated: Archer hails 2018 as year of growth, despite posting loss
Bosses at Archer hailed 2018 as a year of growth for the energy services firm.
Business park in Blackburn booming
A cluster of oil and gas industry firms is taking root at a growing business park in Blackburn, Aberdeen, as the offshore sector continues its recovery.
UK activity ‘low’ for Archer as it reports small profit
Energy services firm Archer has said UK activity remains low as it posted a small profit for the third quarter of the year.
Oil worker dies on North Sea platform
An oil worker has died on a platform in the North Sea.
Archer to service Apache’s Forties, Beryl fields for another 3 years
Archer has clinched a new three year deal to provide a range of services at Apache's Forties and Beryl fields in the North Sea.
Archer boss says oilfield services ‘still uncertain’, benefits from Chevron UK deal
Archer's chief executive said the outlook for "oilfield services remains uncertain".
Archer lands P&A work with Repsol
Archer has landed a plug and abandonment (P&A) with Repsol.
Seadrill guarantees worth $250m swapped for 10% cash payment
More than $250million in financial guarantees provided by offshore drilling contract Seadrill will be swapped for a cash payment of $25million.
Archer wins contract extension with Aker BP
Archer has confirmed an extension of a North Sea drilling deal with Aker BP.
Odfjell completes staff transfer on Statoil North Sea fields
Odfjell staff have transferred to Archer for work on a number of Norwegian platforms.
Archer sees green shoots , but still plans to make headcount cuts in third quarter
Archer today said it was starting to see higher levels of activity, but still plans to cut more jobs in the third quarter of this year.