The leading representative body for the UK’s offshore oil and gas sector has partnered with Skills Development Scotland to signpost support for oil and gas workers impacted by redundancy.
Europe’s largest underwater engineering event, Subsea Expo, is shaping up to what could be the sector’s first, large scale exhibition and conference following lockdown where delegates will be able to meet and network face to face.
The acceleration of digitalisation during the coronavirus pandemic has brought into sharp focus the opportunities for digital technical training within the oil and gas sector.
Bosses at Repsol Sinopec Resources UK (RSRUK) are looking to push on with remote working practices after seeing an “improvement in performance” during the Covid-19 lockdown.
Saipem has confirmed it will “considerably” downsize its investment plans after posting pre-tax and interest losses of £644 million for the first half of this year.
By John MacGillivray, Business Adviser, Business Gateway
The future of the energy industry landscape has long been up for debate, and the effect of COVID-19, combined with the dramatic global oil price crash and its detrimental impact, has brought this to an unparalleled level.
US energy service firm Baker Hughes slumped to pre-tax losses of £13 billion ($16.5bn) in the first half of 2020, highlighting the severe impact of the Covid-19 pandemic and crude price drop.
Saudi Aramco’s experience may offer a cautionary tale to other investors considering multi-billion-dollar refining partnerships with Indonesian NOC Pertamina
Oil edged lower ahead of an OPEC+ meeting this week at which the group may announce plans to start tapering historic production cuts even as the coronavirus surges unabated in many parts of the world.