Nearly 50 offshore jobs at drilling contractor Archer are at risk due to client Ithaca Energy’s plans to reduce activity levels and crews on two central North Sea platforms.
Russian President Vladimir Putin will refuse to submit to what the Kremlin sees as oil blackmail from Saudi Arabia, signalling the price war that’s roiling global energy markets will continue.
Oil continued climbing after its biggest ever single-day gain as U.S. President Donald Trump waded into the price war between Saudi Arabia and Russia that has rocked crude markets amid diminishing demand.
Bristow Helicopters has used modified three former search and rescue (SAR) helicopters to bring North Sea workers suspected to have coronavirus to shore.
RockRose said today that "a number" of workers on the Brae Alpha platform in the UK North Sea are in "self-isolation" amid concerns they have contracted Covid-19.
A union has warned that “tens of thousands” of offshore jobs could be at risk as North Sea firms buckle under the pressure of the ongoing oil price “crisis”.
Oilfield service giant Halliburton plans to "furlough" about 3,500 employees of its Houston headquarters for the next two months amid grim market conditions that include four year-low oil prices and the coronavirus outbreak.
Oil rebounded after plunging to the lowest level in 18 years as investors weigh efforts by policy makers across the globe to strengthen economies against the impact of the coronavirus pandemic.
Crews of oil and gas emergency standby ships are facing an extra month out in the North Sea in response to the coronavirus pandemic, sparking “anger” from parts of the workforce.
The deferral of a “deeply unpopular” reform with huge implications for North Sea industry is a welcome surprise for many businesses and contractors, tax experts said yesterday.
By Charlotte Edwards, employment taxes senior manager & head of IR35, AAB
As one of the most controversial pieces of legislation affecting the flexible workforce, IR35 is never far from the headlines and there have been campaigns and protests to try and halt the reforms. That has now been successful as Contractors celebrated their success last night.
A dramatic crude price rout has left the UK oil industry on thin ice, with the supply chain expected to go through more “pain”, a trade body warned today.