Unused oil rigs sink Awilco Drilling to losses of £7.5million
A pair of oil rigs lying idle in Invergordon sank Awilco Drilling to losses of £7.5million in the first quarter of 2020.
A pair of oil rigs lying idle in Invergordon sank Awilco Drilling to losses of £7.5million in the first quarter of 2020.
Offshore workers have said they’ve been “dumped” by a major recruitment firm after it decided not to offer the UK furlough scheme due to holiday pay concerns.
The crew of the Ocean GreatWhite drilling rig, currently anchored in the Firth of Forth, have raised £3,000.
North Sea boss Ian Smith has said his firm is equipped to “navigate through these unprecedented times” after a £100,000 coronavirus business interruption loan from Barclays.
Offshore training provider Survivex has reopened its Aberdeen centre at reduced capacity to combat Covid-19.
Vantage Drilling has declared force majeure for two of its rigs, one of which as a result of a coronavirus outbreak.
North-east energy sector chiefs largely welcomed an extension of the UK Government furlough scheme, but cautioned it may do little to roll back the tide of oil and gas redundancies.
Catering firm Entier is making "ad hoc" offshore staff members redundant due to a “significant reduction” in demand for its services on oil rigs.
Trade union bosses have vowed to “resist” oil and gas service companies’ “crazy” plans to scrap a UK North Sea collective bargaining agreement.
Scores of workers are facing redundancy at a subsea equipment firm in Aberdeenshire following a drop off in work.
Oil and Gas UK (OGUK) has confirmed it is to seek an exemption for offshore workers to a new 14-day quarantine on flight arrivals to the UK.
Western Europe’s maintenance, modification and operations (MMO) market will likely take a major hit in 2020 a Rystad Energy impact analysis has revealed, thanks to severe spending cuts and Covid-19 transportation restrictions. Spending in Norway is expected to fall to $3.4 billion this year – an 18-year low – while UK spending is on track to fall to $2.9 billion, the lowest level seen since at least 1990.
More than 150 workers at Bilfinger UK could face the axe as the company confirmed it has begun redundancy consultation for staff currently on the Covid-19 furlough scheme.
Offshore safety training provider RelyOn Nutec could cuts its UK headcount by more than a third due to a drop in demand.
There is a certain irony in the coincidence of two recent major events that together, focused minds on how exactly the huge upheavals caused by COVID-19 may affect our efforts to achieve net zero carbon.
The swift oil price crash caused by the Covid-19 pandemic will reduce the combined free cash flow of FPSO fields, which have produced above three quarters of their original resources at just $2.20 per barrel this year. This is a jaw-dropping decline from 2019’s $11.10 per barrel, a Rystad Energy impact analysis reveals.
When the pandemic is all over will society go back to driving cars and hopping on planes with nary a worry as it did just two short months ago?
Drilling contractor Archer is to cut between 12-15% of its global workforce of 5,000 as a result of the oil price crash and Covid-19 pandemic.
There’s one hope for oil market bulls facing into the abyss of the 9.3 million barrels-a-day demand slump from the spread of Covid-19: The aftermath will see a renaissance in car-driving.
Energy firm SSE has awarded more than half it's £1 million support fund to communities across the UK and Ireland as part of the firm's Covid-19 response.
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.
Scotland’s energy minister said work to “flesh out actions” to protect jobs and accelerate the transition to low carbon fuels is underway, following the first of several industry crisis talks.
Having assisted clients during previous health challenges such as Ebola, Zika virus, SARS, avian flu and the H1N1 2009 influenza pandemic, global healthcare provider Iqarus has approached Covid-19 using its wide-ranging medical expertise and experience to support its clients with additional services and expert solutions.
Nicola Sturgeon has admitted there is “a long way to go” before the standard of home testing for offshore workers meets expectations.
A group of workers have been evacuated from a Valaris drilling rig working in the North Sea due to concerns over an outbreak of Covid-19 onboard.