Worley in consultation with Aberdeen staff over job cuts
Worley is the latest energy firm to announce a number of job losses at its Aberdeen base as a result of the coronavirus pandemic.
Covid-19
Survey shows North Sea workers’ dismay at Covid-19 response
A new survey had laid bare the depths of the Covid-19 crisis afflicting the North Sea oil and gas industry, the RMT trade union said.
Life extension for Bruce, but end may ‘hasten’ for other North Sea fields
Cutting costs has added years to the life of Serica Energy’s Bruce platform, but other operators may need to "hasten" the end of some North Sea assets according to CEO Mitch Flegg.
Captaining a North Sea emergency vessel during Covid-19 lockdown
The work of emergency response and rescue vessels (ERRVs) is just as essential now as it was prior to the covid-19 outbreak, according to the captain of one such ship.
Facial snoods to be worn by North Sea workers as industry battles Covid-19 spread
Offshore workers will be supplied protective facial snoods before they fly out to North Sea installations as the industry continues its battle against the spread of Covid-19.
Covid-19 hit to tourism and North Sea industry may mean ‘larger negative shock in Scotland than UK’
The importance of tourism and North Sea oil and gas to Scotland’s economy could mean it is hit harder by the coronavirus crisis than the rest of the UK, a group of experts has warned.
Ad hoc oil workers ‘months away from losing everything’ after missing out on furlough scheme
A trio of offshore unions are in disagreement with Petrofac after workers were left without answers on being granted the government’s coronavirus furlough scheme.
North Sea workers to be priority Covid-19 tested at Aberdeen drive-in site
North Sea oil and gas workers are to be given priority Covid-19 testing places alongside emergency service and critical staff.
Serica Energy hails ‘extremely good year’ as pre-tax profits nearly triple
Serica Energy has hailed “exceptional” results after nearly tripling its pre-tax profits in its first full year of operatorship for its Bruce, Keith and Rhum (BKR) assets in the North Sea.
UK North Sea platforms ‘face production shut-ins’ as oil storage fills up
Offshore platforms in the UK North Sea “face the risk of production shut-ins” due to oil storage constraints, according to leading analysts.
TechnipFMC records loss of £2.59bn in first quarter
Hefty impairments plunged TechnipFMC into the red in the first quarter of 2020 as the energy services firm felt the impact of the oil price slump and Covid-19 outbreak.
Offshore industry seeks clarity on social distancing measures on board North Sea oil rigs
The oil industry has called for “clarity” on social distancing guidelines on oil rigs following claims firms are confused about how workers should behave when offshore.
Updated: Baker Hughes posts £13bn loss as price rout, Covid-19 bite hard
Energy services firm Baker Hughes sank deep into the red during the first quarter as the oil price rout and Covid-19 pandemic took their toll.
Saipem’s ‘outlook good’ but sinks to red as offshore drilling assets take £228m write-down
Italian energy services firm Saipem said its outlook is “good” but the recent deterioration of the oil market sunk the company to a loss in the first quarter of the year.
North Sea’s post-Covid-19 future hinges on skills, top entrepreneur says
North Sea oil and gas entrepreneur James McCallum has said the industry’s post Covid-19 future hinges on skills.
Norway decision on production cuts looms
Norway has said it will soon decide whether to cut its oil production to help support plummeting prices.
International benchmark Brent oil drops to 21-year low
Oil in London tumbled to the lowest in almost 21 years as the global benchmark was sucked into the rout that sent U.S. futures below zero for the first time ever this week.
North Sea can weather oil market storm, tax expert says
The UK North Sea offshore industry can weather a raging storm in global oil markets, a leading expert said yesterday.
Aberdeen’s global oil hub status could reduce as firms protect against Covid-19 restrictions
Aberdeen’s importance as a global oil hub may reduce as firms take steps to protect against multiple waves of Covid-19, according to an energy consultancy.
Wood to make almost 70 staff reductions across UK onshore business
Aberdeen-headquartered energy services firm Wood has confirmed that it plans to make almost 70 staff redundant across its UK onshore business.
Coronavirus pandemic recovery must tackle climate crisis
The recovery from the coronavirus pandemic must put the world on track to a greener future, it has been urged, as online events mark Earth Day.
Thousands of households paid to use electricity during sunny weather
Thousands of households across Britain were paid to use electricity on Tuesday as sunny weather and fresh winds coupled with low demand.
US oil price rebounds from record wipeout with prices edging above zero
Oil rebounded in Asian trading, after plunging below zero for the first time in history amid rapidly filling American storage tanks, as the U.S. benchmark’s May contract entered its final trading session.
US oil spirals below zero in ‘devastating day’ for global industry
The day started like any other gloomy Monday in the oil market’s worst crisis in a generation. It ended with prices falling below zero, thrusting markets into a parallel universe where traders were willing to pay $40 a barrel just to get somebody to take crude off their hands.
Key workers: ‘Significantly reduced’ Shell team still landing UK’s gas at St Fergus
A “significantly reduced” Shell team is still managing to land gas at one of the UK’s major terminals in Aberdeenshire, despite the Covid-19 outbreak.