Subsea 7 completes work on Arran project, issues update on restructuring
Subsea 7 has completed installation activities for Shell’s Arran gas development in the Central North Sea.
Job losses#
Furlough extension comes ‘too late’ for thousands of North Sea jobs
A union boss has said the extension of the UK furlough scheme comes “too late” for thousands of lost jobs in the North Sea oil industry.
Exxon posts third-quarter loss, thousands of job cuts on the horizon
US oil major ExxonMobil was in the red in the third quarter as it showed the effects of lower oil production and prices.
Exxon to cut 14,000 jobs to defend its dividend
Exxon Mobil Corp. will slash its global workforce by 15% over the next two years, an unprecedented culling by North America’s biggest oil explorer as it struggles to preserve dividends.
Hunting cuts global workforce by 30% since start of year in response to ‘challenging environment’
International energy services provider Hunting has made further job losses as it continues to battle the dual impact of the Covid-19 pandemic and the oil price slump.
Aberdeen engineering firm believed to have laid off quarter of workforce
An Aberdeen-based subsea engineering and decommissioning services provider is believed to have laid off around a quarter of its workforce.
Report highlights ‘very worrying signs’ for North Sea employment
Industry body Oil and Gas UK (OGUK) said today it is seeing “very worrying signs” for employment in the North Sea sector.
Transocean to lay off more offshore rig workers
Transocean Deepwater plans to lay off as many as 110 workers after the Houston offshore driller could not secure a new contract for one of its drillships amid low oil prices.
Exxon CEO plans layoffs, underscores faith in fossil fuels
Exxon Mobil Corp. plans to lay off an unspecified number of employees as low oil prices force the company to delay major projects, Chief Executive Officer Darren Woods said in an email to staff.
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.
Equinor to reduce size of exploration team
Norwegian energy giant Equinor will reduce the size of its UK exploration team in an effort to “increase efficiency and reduce cost”, a spokesperson said.
Warning of ‘imminent’ consultations on North Sea job losses as UK furlough nears end
A union and an employment law specialist have warned of "imminent" consultations on North Sea job losses as the UK Government furlough scheme comes to an end next month.
DNS, OGA ‘aligned’ on need for urgent action to save jobs
Decom North Sea (DNS) and the Oil and Gas Authority (OGA) are “aligned” on the urgent need to stimulate decommissioning activity so that North Sea jobs can be saved.
Fears over looming ‘cliff edge’ for oil and gas sector
The oil and gas industries stand on a cliff edge and could take communities in the north-east with them should they fall, council officials have warned.
Singing and sweets: Covid-19 career changes for former oil sector workers
Going to the supermarket has never been a favourite activity – and particularly during a pandemic.
Oil workers must heed IR35 rules when setting up own businesses
The oil and gas downturn of approximately five years ago where the price of a barrel of oil dropped to less than $30 led to thousands of employees in the sector being made redundant. Those who wished to remain in the sector had to be patient before ultimately securing further employment.
Covid-related job losses approaching 100,000 in US oilfield services sector
Job losses related to the coronavirus pandemic are approaching the 100,000 mark for US oilfield services companies as layoffs continued to mount in July.
The human cost of Covid and commodity price crash
Energy Voice article – The Human Cost of Covid and Commodity Price Crash
Sodexo plans job losses at Shell HQ in Aberdeen
A number of jobs are under threat at a firm which provides a range of services to a major oil and gas company.
How smaller firms could adapt to survive challenging energy industry times
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.
Hundreds of jobs saved at Dounreay nuclear site
Hundreds of jobs at Dounreay have been safeguarded following the Nuclear Decommissioning Authority’s (NDA) announcement it will take over the Caithness plant.
Dril-Quip ‘poised’ to slash north-east workforce
US oilfield equipment firm Dril-Quip could be poised to make scores of Aberdeen staff members redundant in response to the crude price slump and Covid-19 pandemic.
Society for Underwater Technology to support energy professionals with free membership
The Society for Underwater Technology (SUT) will offer free membership to help energy professionals hit by the latest industry downcycle.
Covid-19: a turning point for UK jobs
It has been another eventful couple of weeks in the global energy sector. The COVID-19 situation continues to create havoc across the world, as countries deal with the fall-out of the health crisis and associated economic impact.
Minister hints North Sea retraining scheme could be relaunched
Economy Secretary Fiona Hyslop has hinted that an oil and gas “transition training fund” will be relaunched to help offshore workers who have lost their jobs during the pandemic.