The skills deficit in energy is a source of concern that has increased rapidly for employers. With global authorities cementing their commitment to reaching net zero targets by 2050 at the latest, the pressure is on for energy companies to deliver against substantial sustainability targets. But a dearth of trained resources has the potential to hinder this growth.
Ancala Midstream has won a multi-million pound deal to transport gas from the prolific Edvard Grieg Area in Norway for processing in Scotland.
Babcock took a £5.2million hit for “loss-making contracts” for its North Sea helicopter business in the 2020 financial year.
New changes for decommissioning tax rules will help end “areas of dispute” between the industry and UK government, according to a leading expert.
Aberdeen-headquartered engineering firm EnerMech has won a string of contracts for its UK operations worth “tens of millions” of pounds.
Shell North Sea boss Steve Phimister is moving into a new role as part of a change of UK senior leadership.
The forecast for tax revenue the UK Treasury will take from oil and gas in the future has been slashed by the Office for Budget Responsibility (OBR).
With just hours until the Chancellor’s Budget, the RMT Union has called for creation of a £220million annual “Just Transition Fund” for offshore workers.
Westminster is being urged to ensure that plans for net zero remain a “top priority” for businesses and society in its upcoming spring budget.
Subsea 7 has reported a major widening of pre-tax losses and warned that its 2021 results will continue to be impacted by Covid-19.
Wintershall Dea of Germany saw losses widen to more than £1billion in 2020 as Covid-19 brought down commodity prices.
A leading Scottish economist has said the greater exposure to the “economic fallout” of the Covid-19 crisis suffered by Aberdeen and wider north-east, compared with other parts of the country, must not be forgotten in post-pandemic rebuilding efforts.
Most oil firms would be “very wary” of trying to enforce a “no jab, no job” vaccine policy for its workforce, according to a top employment lawyer.
Profits dropped more than 70% for engineering services giant Worley during the first half of its 2021 financial year.
Law firm Womble Bond Dickinson and consultancy ROOTT discuss the oil and gas services sector M&A trends expected in 2021.
While COVID-19 and Brexit have dominated the agenda for oil and gas businesses in recent times - and rightly so I should add - there is a third issue that this industry is taking just as seriously. I am, of course, referring to IR35 reform in the private sector.
Drilling technology and services firm NXG has invested more than £1million to open new Aberdeen headquarters, and launch an operation in Mexico.
Oil major Total has handed risk management company DNV GL a three-year deal for the provision of a range of services across its UK North Sea portfolio.
Brent oil resumed gains as the market assessed the fallout from the big freeze across Texas, with Goldman Sachs Group Inc. predicting prices will advance into the $70s in coming months.
Nicola Sturgeon said today that the Scottish Government would “consider” excusing Scots from having to quarantine in hotels on their return from overseas oil jobs.
An Aberdeen chauffeur firm carried out two roundtrips of more than 1000 miles in as many days as part of efforts to help oil and gas workers during the pandemic.
North Star Shipping, the largest offshore support vessel operator in the North Sea, has secured a £40million finance package from Bank of Scotland.
Shell has named the UK North Sea as one of nine “core positions” for its oil and gas business going forward, as it today revealed its net zero strategy.
Iraq said the OPEC+ oil cartel is unlikely to change its production policy at next month’s meeting and repeated promises to deliver overdue output cuts, even as the Arab nation’s economy reels.
Transport Secretary Michael Matheson has said oil and gas workers travelling back into Scotland could be granted exemption from enforced quarantine measures.