‘Heartbreak’ as new figures suggest North Sea job cuts rising faster than expected
More than 4,500 “heartbreaking” North Sea job losses have already taken place in the wake of the Covid-19 outbreak and oil price rout, it is understood.
Offshore Coordinating Group (OCG)
‘Doubt and questioning’ over quarantine exemption for oil workers, says union boss
There remains “doubt and questioning” around the UK Government’s quarantine exemption for offshore workers and the potential spread of Covid-19, according to a union boss.
OGUK enlists BP, Shell, Wood bosses to fathom North Sea recovery as ‘hard decisions’ loom
An oil industry representative body has announced the formation of a North Sea recovery taskforce as “hard decisions” start to bear down over thousands of redundancies in the sector.
Valaris sets out plans to cut up to 332 jobs
Drilling firm Valaris has set out plans to cut up to 332 jobs across its offshore rig fleet as contracts are cancelled amid the Covid-19 pandemic.
Up to 30k oil jobs could be lost as Covid-19 energy sector impact deepens, OGUK report warns
Up to 30,000 oil jobs are predicted to go, along with billions of pounds in investment, due to Covid-19 and a 20-year low in oil prices.
Offshore unions claim 3,500 UK workers ‘could be displaced by September’
Offshore unions have claimed more than 3,500 UK workers "could be displaced by September" amid the oil price crisis and called for an urgent summit with Westminster politicians.