Wood Group Mustang’s president in Norway said the company has received 1800 applications for just 250 positions to work on a major contract win from Statoil. Otto Soberg said it had not been difficult to receive enquiries from people about the positions available.
Centrica has recruited a new head for its upstream business. Chris Cox will lead the Scottish Gas-owner's exploration & production (E&P) business, which is one of the largest producers of natural gas in the UK.
Chartered accountancy firm Anderson Anderson Brown (AAB) has launched a recovery and restructuring division for the first time in its 25 year history. The Aberdeen firm said the new "R2" business will be aimed at the small to medium sized business (SME) market and was established to meet growing demand. The unit will be headed up by Neil Dempsey, head of restructuring, who is a licensed insolvency practitioner (IP) and was lured from his previous role as insolvency director with Begbies Traynor in Aberdeen. Douglas Martin, corporate finance partner with AAB, said the firm was addressing a "gap in the market" for increasing insolvencies in the north-east oil and gas sector as well as turnaround advice and credit negotiations. He said: "R2 is a natural complement to the wide range of advisory solutions provided by AAB and will allow us to provide additional financial support to SMEs facing difficult times. "We have a large client base to support. SMEs in particular need to be more proactive in addressing challenges head on. Some business owners will have their heads in the sand. If they are more proactive it will help them survive - if not thrive - in the current market." Mr Dempsey said he aims to grow the division into a "leading player" in the restructuring market in Aberdeen. He added: "With a focus on assisting struggling businesses to return to health and identifying critical issues to avoid business failure, but with the ability to use insolvency processes to deal with more critical problems, R2 allows AAB to provide detailed professional advice to businesses at all stages of their business cycle.”
Plexus Holdings said today a new Russian licensing deal would help in its mission to diversify business from the UK North Sea.
Scottish Labour have claimed the Scottish Energy Jobs Taskforce does not "even keep track" of whether any energy jobs have been saved since the global decline in oil price. The criticism comes after First Minister Nicola Sturgeon revealed the taskforce, which was set up last year by the Scottish Government, would be continuing indefinitely.
Shadow energy minister Clive Lewis has branded the new oil and gas regulator an “insolvency practitioner”. His characterisation of the Oil and Gas Authority (OGA) prompted criticism from the SNP’s Callum McCaig and energy minister Andrea Leadsom.
Scotland’s First Minister has called on the UK Government to lower taxes on the oil and gas industry in the forthcoming March Budget. Nicola Sturgeon said Chancellor George Osborne should take “urgent action” to protect jobs in the North Sea as she convened a special session of the Scottish Cabinet in Edinburgh. Ms Sturgeon said Finance Secretary John Swinney would seek an urgent meeting with the Chancellor to set out the Scottish Government’s view.
The Energy Jobs Taskforce has had its work extended indefinitely by the First Minister as the oil and gas jobs crisis deepens. The taskforce, which was due to wind up at the end of 2015, will now continue its work throughout this year and beyond. First Minister Nicola Sturgeon made the announcement after a special cabinet meeting focused on tackling the growing crisis in the north-east.
Marathon Oil has awarded JDR a contract for the design and manufacture of power and static subsea umbilicals with accompanying hardware for the West Brae field. The company said the full scope of the award will be manufactured and deployed from JDR’s Hartlepool facility.
A special meeting of the Scottish cabinet is being held today with talks focused on the oil and gas industry.
A number of mutual fund managers who dumped their shares in energy companies before oil slid to 12-year lows now see themselves avoiding the sector for years to come rather than picking up shares trading at their cheapest levels in years.
CNR(CNR International) said work to re-tension the Petrojarl Banff’s anchor lines has been completed.
ConocoPhillips has admitted to three charges relating to an incident on the Lincolnshire Offshore Gas Gathering System platform in 2012. Lincoln Crown Court was told a “very serious international-level incident” could have caused an explosion at the platform.
Plexus has issued a significant earnings warning ahead of its half year results, saying its North Sea business has struggled to weather the oil price storm.
A survey of 200 senior bosses of firms with operations or investments in the UK oilfield service industry has delivered a huge show of faith in its prospects.
Technology firm Gas2 has left investors £70million out of pocket after going bust.
A former oil worker has started a petition calling for a rescue package for the UK oil and gas industry. Uchenna Nnamani, 36, worked in the sector until last year, when he was made redundant.
Oilfield services company Schlumberger said it will continue to 'adapt' to the North Sea oil and gas industry as the oil price continues to stay lower for longer. The company described the situation in the UK as "challenging" after revealing it had cut 10,000 jobs while also reporting a loss of $1billion during the final quarter of last year.
Nicola Sturgeon has refused to publish an update on North Sea job losses despite not having produced one for six months.
BW Offshore and Ithaca Energy said they have agreed on a termination of the FPSO, BW Athena.
The pace of drilling in the North Sea, the center of UK oil production for the past 40 years, has sunk to a record as crashing energy prices force explorers to abandon costly projects. Just 63 percent of oil and gas rigs in the UK North Sea were being used as of Jan. 19, according to data provider RigLogix. That’s the lowest since the Houston-based company started tracking their operation in 2000. In the Norwegian North Sea, the 71 percent rate is also the worst on record.
Nicola Sturgeon has called on David Cameron to sign an urgent city deal for Aberdeen to help it through the downturn in the oil industry. The Scottish Government has offered to fund the deal on a 50:50 basis to support innovation, digital connectivity and infrastructure.
Oil from the Forties in the North Sea could be set to cross the Atlantic for the first time in more than two years, according to traders.
Wood Group (WG) has struck a collaborative agreement with Magma products to extend its existing commissioning service.
BP’s Bob Dudley said 2016 will be a year of halves for oil price.