Job losses could continue throughout much of the year, as more projects are postponed amid the continued low oil price, according to a leading petroleum economist. Professor Alex Kemp of the University of Aberdeen, said the current oil price combined with strong supplies in Saudi Arabia and Russia, was likely to create more pressures on the North Sea.
A shut down of a North Sea platform has moved into its eighteenth day after a suspected gas leak. Production was suspended on Boxing Day while a “comprehensive” investigation continues into the incident. The platform normally produces 21,000boepd – with an estimated 378,000 barrels on hold until operations have resumed.
Bilfinger Salamis said it has launched a jobs consultation with staff over a number of positions.
A leading member of the Scottish Government’s Energy Taskforce said the oil and gas industry needs to be “realistic” about the challenges facing the sector.
Last week, the SNP’s Dennis Robertson claimed there was no crisis in the North Sea. I doubt if he will say anything like that now.
An Aberdeen MP has written to the Secretary of State for Energy and Climate Change calling for a meeting after BP confirmed up to 600 jobs could be lost from across its North Sea operations.
An oil worker has used one of the most iconic films to create an alternate world offshore. Craig Mann used some of the most notable characters from the films and photo shopped them on to oil rigs docked up in Cromarty Firth.
The chief executive of Oil & Gas UK said companies are being faced with "difficult decisions" as oil major BP announced 600 job losses from its North Sea operations. The head of the industry body said the low oil price has impacted "heavily" on activity across the UKCS. Today, BP said it had informed staff members of plans to cut its North Sea headcount by 20% amid “toughening market conditions”.
International energy logistics firm Peterson has secured a long-term contract with oil and gas operator Maersk Oil.
The leader of Aberdeen City Council said was working to help "anchor" the oil and gas supply chain in the city, after oil major BP announced 600 jobs losses from its North Sea operations. Councillor Jenny Laing said the move by the company was "disappointing" but backed a renewed commitment by BP to investing long-term in the North Sea.
Oil major BP has today informed staff members of plans to slash its North Sea headcount by 20% amid “toughening market conditions”. About 600 of the 3,000 staff members and agency contractors tied to the company’s North Sea operations will be made redundant, a spokesman for the company said. Of the 3,000 staff members, 1,800 work in Aberdeen, 500 are employed offshore, 200 are based at Sullom Voe on Shetland, 200 are in the Grangemouth area, while a further 250 are in South Korea on contracts linked to BP’s Quad 204 and Claire Ridge developments.
The Offshore Contractors Association and the oil and gas industry breathed a sigh of relief on Friday, when the long awaited outcome of the trade union ballot on the latest and what was reported to be final offer on terms and conditions of employment for offshore workers, was finally approved.
The shortlist for a leading offshore industry awards scheme has been selected from a record number of applicants. Around 100 hopefuls submitted entries for the 2016 Offshore Achievement Awards (OAA), a record since the awards were re-launched in 2011 by the Society of Petroleum Engineers (SPE) Aberdeen Section.
Here's a birds eye view of what it's like to take off from a North Sea platform.
Norwegian Energy Company ASA (Noreco) today confirmed it was forced to exit the North Sea’s Huntington field, after its licence partners served up a final notice.
In 2013, the oil & gas market segment was forecast to account for nearly 30% of the new helicopters market over the five years to 2018.
I see the future of Aberdeen: a post-apocalyptic wasteland of flash cars sitting abandoned and rusting on Union Street, clubs turning back in to churches and office blocks colonised with seagulls.
Scaffolding was left precariously dangling from Shell's Brent Delta after storm weather battered the platform.
Ian Suttie has reportedly placed his flagship First Oil up for sale as declining oil prices batter the sector’s financial books.
Prosafe confirmed it has secured its stranded accommodation vessel the Safe Bristolia.
Fears over a strike in the North Sea by oil workers have been halted after negotiations between the Offshore Contractors’ Association and unions paid off. More than half of members balloted from Unite agreed to the latest offer from the members companies, including Wood Group PSN and Amec Foster Wheeler.
An Aberdeen MSP has warned the “first-rate” safety culture in the North Sea that emerged after Piper Alpha could be at risk as firms strive to cut costs. The SNP’s Mark McDonald is seeking urgent talks with Deirdre Michie, the chief executive of Oil and Gas UK.
North Sea operator CNR is continuing the operation to stablise the Petrojarl Banff FPSO after two of the installation's anchors were damaged in stormy seas.
A deadline for the Industry Technology Facilitator (ITF) showcase has been extended. ITF, in collaboration with Oil and Gas UK, is offering companies and academic the opportunity to present their innovative ideas.
Unite workers have voted to accept improved holiday entitlement and a joint review of "three on, three off" from by more than 50% of those balloted.