Hunting will exit 2020 with fewer than 2,000 employees, a reduction of 34% since the start of the year.
The Oil and Gas Authority (OGA) has today submitted a document to the UK Parliament, obliging the industry to support net zero targets.
The Scottish Government has been praised for “raising the stakes” in the fight against climate change after it published updated proposals to slash carbon emissions.
Simec Atlantis has entered into a share place agreement with a US-based investor in a move that could raise as much as £12 million.
Shell and Equinor have announced plans to team up to further the use of advanced analytics on historical data to improve operational spare part inventories.
“We set it up from day one to focus on free cash flow and, as we’ve grown, that strategy really hasn’t changed. The industry has operated for too long on negative free cash flow.”
For much of this year, the backbone of conversation has been about working from home, when offices might reopen and what changes there will be.
A trade union boss has warned predictions that 8,000 jobs have been lost in the oil and gas sector due to the latest downturn are likely to be very conservative.
Oil and gas industry warned it needs to become ‘wholly different’ as CCC releases landmark net zero report
North Sea oil and gas firms are being warned they will need to become “wholly different” if they want to retain their position in the structure of the UK’s economy.
With less than 30 days to go until the end of the Brexit transition period at the end of December, many questions remain unanswered as to what the impact will be on waste management in the UK.
International renewable service company BayWa r.e. has completed the sale of the UK’s first subsidy-free wind farm.
Proposals for a “world class” offshore wind manufacturing site in the north-east of England have been given the go ahead.
The success of the island of Eigg’s self-sufficient renewables system has earned it a prestigious European award for green energy pioneers.
A boss at Equinor has said the firm is hopeful of bringing floating offshore wind costs in line with those of bottom-fixed by the end of the decade.
‘CCUS can not be used to justify continuing to emit carbon’ – CEE Bill Alliance responds to Energy Minister’s comments
Trade body Oil and Gas UK (OGUK) has restated the importance of Westminster following through on its promises of a “transformational” sector deal.
Boris Johnson pledged the deepest cuts in greenhouse gas emissions in the Group of 20 nations, aiming to put the U.K. in the vanguard of the fight against climate change.
A new “Manifesto for Clean Growth” unites public, private and third sector partners in a shared mission to identify the economic opportunities a net-zero future offers the Scottish economy.
The UK Government has been urged to change how it shapes energy policy or risk hindering efforts to reach its 2050 net zero target.
The Society for Underwater Technology (SUT) has Dr Cheryl Burgess as its new chief executive effective from January next year.
Western Isles councillors are confident that Burntisland Fabrications’ (BiFab) decision to call in administrators will “free up” the firm’s Lewis yard, making it available for new operators to move in.
An in-depth feasibility study to identify the value of creating an energy hub on the Norfolk coast has been launched.
Scotland’s electricity network is to benefit from new technology that can restore power within 24 hours if severe weather leads to a loss of electricity this winter.
Scottish manufacturing firm Burntisland Fabrications (BiFab) has been placed into administration, the company has confirmed.
Petrobras is pledging a 25% cut in carbon emissions by 2030, but that hasn’t stopped Chief Executive Officer Roberto Castello Branco from dismissing pledges by peers to completely neutralize their carbon footprints two decades later.