Shell's North Sea boss has said firms will be “very rapidly” challenged by the economics of reducing emissions, calling for collaboration, government and regulatory support.
A £62million Scottish Government support package has been unveiled to help oil and gas firms make a green recovery from the Covid-19 crisis.
It’s too soon to know with any certainty how Covid-19 will affect our lives in the weeks, months and even years to come. The true scale of the impact of the pandemic and the measures needed to save lives remains to be seen.
Energy sector leaders have welcomed the UK Government’s intention to replace an EU emissions-busting scheme with its own version which “goes further” on reductions.
The UK Government’s furlough scheme is unlikely to “stem the tide” of oil industry job losses as employers are told to start contributing to wages in the coming months, lawyers and politicians said.
More than 300 people have signed up to attend OGUK’s first-ever D&I webinar to further explore opportunities to improve diversity and inclusion in what remains a challenging landscape for the UK oil and gas industry.
The “astonishing” changes in the world oil market have left the North Sea industry facing a “very tough” future, a top petroeconomist has warned.
Aberdeen-based oil and gas support vessel operator North Star Shipping has told crews it plans to make around 100 people redundant.
The dust might be starting to settle on some issues around Covid-19, but the impact it may have on North Sea decommissioning is very much up in the air.
Boris Johnson has “assured” MPs that the UK Government is working on a sector deal for the crisis-hit oil and gas industry.
A north-east MSP has called for the Scottish Government to engage Westminster and provide clarity to North Sea firms over who qualifies for the Covid-19 furlough scheme.
Norway has outlined plans for “extremely rare” changes to its tax regime to save the crisis-hit oil industry which would be “very welcome” for UK firms, according to an expert.
North Sea operator Ithaca Energy intends to make redundancies from its onshore workforce by the end of 2020, its chief executive has confirmed.
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.
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.
Many North Sea oil and gas firms are currently “torn” between protecting the long-term sustainability of their business and supporting those staff whose jobs were connected to now delayed or cancelled projects, according to an Oil and Gas UK (OGUK) boss.
The Deepwater Horizon disaster forced the UK North Sea to “sharpen up its act”, reminding the sector of the “consequences of getting things wrong”, according to industry leaders.
An oil and gas representative body said it has been “very clear” on the messaging over Covid-19 offshore testing, but that it “takes time” after one oil major sent workers offshore prior to receiving their results.
The UK oil and gas industry is in the grip of a “crisis” that could jeopardise North Sea production and the energy transition, a trade union boss has warned.
None of us have been in a situation remotely like this before. The rules and the facts are changing daily and it can be overwhelming to try to keep up with developments.
I’ve been in the industry a good few years and experienced its ups and downs but the sheer pace of change we’re currently seeing throughout the UK calls upon every ounce of the skills, expertise and determination our world-class supply chain has to offer.
The “extremely challenging” conditions presented to the North Sea industry “emphasises the need” for the government’s promised oil and gas sector deal, according to EY.
A union boss has stepped up calls for a support package for offshore workers amid concerns some may flout coronavirus advice in order to provide for their families.
More than a million oilfield services (OFS) jobs globally "will likely be cut" as the industry grapples with the oil price war and the effects of the coronavirus, according to Rystad Energy.
Offshore union RMT has claimed the government is “ignoring” oil and gas workers during the “national crisis” of the coronavirus outbreak, and written to the Chancellor for action.