Worley cuts another 1,900 jobs due to Covid-19
Engineering giant Worley has cut another 1,900 jobs globally in response to the Covid-19 crisis.
Engineering giant Worley has cut another 1,900 jobs globally in response to the Covid-19 crisis.
Oil and gas workers have hit out at what they deem to be “ridiculous” Covid-19 quarantine rules that have made a section of the industry “second-class citizens”.
North Sea oil industry workers are anticipated to make up the lion’s share of those using the furlough scheme within the UK energy sector.
Kuwait intends to ban the practice of hiring expatriate workers at Kuwait Petroleum Corp. (KPC) and its subsidiaries.
Nigeria will cut production costs to $10 per barrel by the end of 2021, Nigerian National Petroleum Corp. (NNPC) managing director Mele Kyari has said.
The apocryphal Chinese curse ‘may you live in interesting times’ could well apply to the current situation within the oil and gas sector.
Spirit Energy plunged into the red in its second full year as an independent oil and gas business as impairments linked to lower commodity prices hit hard.
Six months on from the passage of the IMO 2020 initiative – the International Maritime Organisation ruling that required the marine sector to reduce sulphur emissions by over 80% – how has the market responded to the new position, asks Andy Laven, COO of Sahara Energy Resources DMCC
Three international oil companies have committed to building a COVID-19 treatment centre in the Bonny local government area (LGA).
North-east Labour MSP Lewis Macdonald has said oil firms receiving UK state support during the Covid-19 pandemic should be duty bound to safeguard jobs.
Geofizyka Toruń has completed a 2D seismic study for Sasol in Mozambique, demonstrating that exploration in the East African state is progressing despite some disruption stemming from coronavirus.
Work has restarted in Singapore on a vessel for Energean that is due to begin producing gas off Israel in 2021.
The operator of the Dounreay nuclear plant is offering up £100,000 to assist local businesses to reopen as the lockdown eases.
Protective headgear made with the help of a donation from a taxpayer-backed Aberdeen organisation has been rejected by NHS Grampian.
Aker Energy has reiterated its commitment to Ghana’s Pecan field, although not going so far as to commit to timing on a final investment decision (FID).
Africa has been the hardest hit region in terms of rig numbers, according to Baker Hughes’ May data.
Coronavirus and the sudden drop in oil prices has led to some measure of disruption in Mozambique, local regulator Instituto Nacional de Petroleo (INP) has said, although there should be no long-term impact.
Oil firms must seize the opportunity presented by the Covid-19 pandemic to grasp the nettle and embrace digital technology and data analysis, industry experts have said.
There is no doubt the double hit of Covid-19 and the continuing low oil price has left our industry in crisis – or that collectively we have never had a greater opportunity for meaningful change.
A consortium involving a north-east engineering and technology group is in talks with airport owners across the UK about installing screening stations for coronavirus testing.
For a trio of north-east oil service firms, the Covid-19 crisis could appear as a stop sign, blocking their progress just as they were reaping the rewards from years of groundwork.
The Government of National Accord (GNA) and Libyan National Army (LNA) have restarted peace talks, the United Nations Support Mission in Libya (UNSMIL) has said, although hostilities appear to be continuing on the ground.
The challenges of the combination of Covid-19 and the fall in the oil price continue to place enormous stress on the industry. While those offshore have remained at their workplaces, albeit in smaller numbers and under strange and difficult circumstances, in order to maintain production from the UKCS, others who have now spent two months working from home are beginning to consider a return to the office or work site.
While many sectors have recently rediscovered the importance of resilience, it’s always been in the energy industry’s DNA. From hostile physical environments to volatile prices, the sector keeps the lights on for millions of households, whatever the circumstances. So, despite seized-up supply chains and plunging energy prices, the industry has largely endured and overcome the current challenges presented by the Covid-19 pandemic.
The Scottish Fiscal Commission has warned that the economic impact of the outbreak could be more severe in Scotland than the rest of the UK due to the predominance of the tourism and oil and gas industries.