Most US oil job losses in pandemic to remain
Almost three-quarters of the pandemic-driven jobs losses in the U.S. petroleum and chemical sectors may not come back before the end of next year, according to Deloitte LLP.
Covid-19
Inverurie-based Cable Solutions Worldwide well positioned to thrive in coming years
“The oil industry has got a terrible habit of playing itself down when in reality it, and Aberdeen specifically, has a load to offer. We’ve been through things like this before and if there was a more positive attitude I think we’d be in a much better place.”
Optimus founder steps back as CEO of Aberdeen engineering group
The founder of Aberdeen-based engineering group Optimus is stepping back as chief executive as the firm moves into its third decade in business.
Australian-firm Oilex records pre-tax losses of $4.5m
Oilex has said it will continue to “review business opportunities” in high potential areas despite taking a financial hit due to the Covid-19 pandemic.
Simec Atlantis posts pre-tax losses of £6.1m for first half of 2020
Simec Atlantis has praised the performance of its tidal and engineering services division after halving its pre-tax losses in a year.
Shell plans up to 9,000 job cuts worldwide
Shell has announced plans for between 7,000 – 9,000 job cuts from its global workforce by the end of 2022.
Do not snub HMRC letters about furlough scheme, firms told
North and north-east firms are being warned not to ignore letters from HM Revenue and Customs (HMRC) seeking clarification over their applications to the UK Government’s Coronavirus Job Retention Scheme (CJRS).
State-of-the-art decontamination system could minimise risk of Covid-19 outbreak offshore
It's thought a new air and surface decontamination system could be used to minimise the risk of a Covid-19 outbreak offshore.
Sunak cancels Budget and promises financial package to replace furlough scheme
Rishi Sunak has cancelled this year's Budget and will instead prioritise protecting millions of jobs in sectors hit by the latest Government guidance on Covid-19.
Ineos picks firm date for rescheduled Forties Pipeline System shutdown
Ineos has set a firm date of May 27, 2021 for the rescheduled shutdown of the Forties Pipeline System (FPS).
Wintershall DEA will ‘rely’ on remote working post-pandemic
Wintershall DEA will “rely” on remote working as the norm once the Covid-19 pandemic is over.
Energy bankruptcies up 62 percent from last year in North America
More oil and gas companies are expected to file for bankruptcy this year as the coronavirus pandemic continues to depress energy demand.
North Sea net zero transition will cost £430billion, says OGTC – Wood Mackenzie report
Positioning the UK North Sea for a net zero future will cost more than £430billion, according to a new report from the Oil and Gas Technology Centre (OGTC) and consultancy Wood Mackenzie.
IEA says oil market more fragile as resurgent virus hurts demand
The outlook for global oil markets has grown “even more fragile” as a resurgent pandemic derails the recovery in demand, the International Energy Agency said.
Clinic leads way in rapid test kits for coronavirus
An Aberdeen-based healthcare business is among the first in the world to get its hands on the latest in Covid-19 testing technology from life sciences firm LumiraDx.
Unexpected benefits: will Covid-19 lead to a more diverse workforce?
Could a more diverse workforce be one of the benefits to emerge from the global pandemic? Janette Marx, CEO of global workforce solutions provider, Airswift makes the case that lockdown has broken down the lingering psychological hurdles while technology has allowed difference to be encouraged and enabled.
Oil edges higher ahead of OPEC+ meeting with demand in focus
Oil has climbed ahead of an OPEC+ meeting this week that will assess the group’s production cuts as the recovery from virus-driven demand destruction falters.
Aberdeenshire ROV firm Aleron showing resilience in face of uncertainty
For much of their working lives, Aberdeenshire-based subsea engineering firm Aleron’s Mike Bisset and John Walker were in direct competition.
Oil set for first back-to-back weekly losses since April’s rout
Oil headed for its first back-to-back weekly losses since April’s price rout, driven by a sharp slump in risk sentiment earlier in the week and a patchy demand recovery.
Eight steps for a safe and healthy workplace
Organisations have continued to operate safely throughout the Covid-19 pandemic, with business leaders adapting to protect the health and safety of their employees both on and offshore.
Tendeka: Leading through uncertainty
Over the last six months, the global pandemic brought very new challenges for both our home and work life along with whole new lexicon and unprecedented willingness to listen to our political leaders.
What does working from home mean for the office market?
Working from home (WFH) is not a new phenomenon. For the past 20 years and more we have seen WFH grow at varying speeds across different business sectors.
KCA Deutag plans restructure to wipe out more than £1billion of debt
KCA Deutag is working on a restructuring deal with creditors to wipe off more than £1billion of debt.
Oil industry needs ‘real, tangible action’ to win hearts and minds
“We need to come to work for a greater reason than making money; we need to have purpose in everything we do.”
We must lead. We must act.
The Covid-19 pandemic has had a vast impact on people’s lives, as well as on companies around the world.