Many North Sea oilfield service firms are being left in a “desperate situation” over whether to axe staff or pay mounting maintenance costs to keep them on furlough.
Aberdeen-headquartered energy services firm Wood has confirmed it will make more onshore redundancies as a result of reduced contracting and further project deferrals.
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.
A warrant to demolish the former Amec Foster Wheeler building in the south of Aberdeen has been approved.
The Wood Group has teamed up with cancer charity Maggie’s to provide thousands of face masks to health workers in Aberdeen.
Sasol has appointed Wood to act as engineering partner under a five-year partnership framework agreement, with a focus on operations across South Africa.
Oil majors BP and Shell were among the fallers as the FTSE 100 Index slid by 171.80 points, or nearly 3%, to 5,641.03 yesterday.
Aberdeen-headquartered energy services firm Wood has confirmed that it plans to make almost 70 staff redundant across its UK onshore business.
In the age of the Great Energy Transition, oil and gas companies face a dual challenge; to reduce operational emissions whilst keeping up with growing energy demand they will need to increase both asset performance and lifetime. With increasing numbers of incumbent O&G players making net-zero commitments, the sector will increasingly be judged both by their cost per barrel / cubic feet AND their carbon footprint per barrel.
An Aberdeen-headquartered global engineering firm has announced the addition of £80 million ($100m) worth of contracts from the US onshore wind market.
An Aberdeen-headquartered company has successfully dismissed a £37m legal challenge around a major North Sea pipeline system.
Aberdeen-headquartered energy services firm Wood has said “employee reductions are being made” in order to tackle the effect of the coronavirus outbreak.
A call to action been made after new figures revealed a “shocking” lack of women applying to oil and gas and energy-related university courses in Aberdeen.
Wood chief executive Robin Watson was in bullish mood about future prospects for the global engineering and consultancy company after a sharp increase in profits.
Aberdeen-headquartered energy services firm Wood has reported a profit jump in its full year results for 2019.
Global engineering and consulting firm Wood has announced it has closed a deal to sell off its nuclear business to Dallas-headquartered company Jacobs.
UK competition authorities have approved Wood’s £250m sale of its nuclear business.
A new task group set up to champion diversity and inclusion in the UK oil and gas industry will have achieved success when D&I is “no longer talked of as an initiative”, and is firmly ingrained in the sector, its chairman said.
Improved market conditions and a major acquisition have boosted Australian energy service firm Worley’s half-year results.
Subsea Expo has celebrated its largest attendance on record after wrapping up the three-day event in Aberdeen.
North Sea firms must dig deeper into the talent pool to find “unicorns” within the workforce, a Shell plant boss warned yesterday.
“Hard decisions” are going to have to be made by firms that are too reliant on North Sea oil, according to a director at Oil and Gas UK (OGUK).
Energy services giant Wood has announced the sale of its industrial services business to technical services provider Kaefer.
A North Sea deal between one of the basin’s biggest producers and a little-known consortium has set “alarm bells ringing” in the UK offshore oil and gas sector, a trade union boss has said.
A fledgling online initiative created to straighten out jumbled oilfield equipment data and documentation is building momentum.