North-east economy to be worst-hit in Scotland due to oil price and pandemic, says KPMG
The north-east economy is expected to be the worst hit region in Scotland by the Covid crisis according to a new report by KPMG.
The north-east economy is expected to be the worst hit region in Scotland by the Covid crisis according to a new report by KPMG.
Workers have expressed “disgust” after industrial services giant Bilfinger announced 180 job cuts in Aberdeen and offshore, just hours after touting contract wins worth £350million.
Oceaneering has put more than 300 UK workers at risk of redundancy less than three months after opening a brand new regional headquarters in Aberdeen.
Some oil industry leaders have been “conspicuous by their silence” on racism and global protests, according to the chairman of a group for black and minority (BME) engineers.
Aberdeen-headquartered energy services firm Wood has announced targets to reduce its direct and indirect emissions by 40% by 2030.
Borr Drilling has agreed a debt restructuring deal which will improve the liquidity of the rig operator by more than £250million for the next two years.
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.
"Build back better."
Communities in the north and north-east have been awarded tens of thousands of pounds by an energy company to help them support others during the pandemic.
An industry leader has said he is "confident” of securing government backing for a sector deal and a global underwater "hub" in Aberdeen this year.
An Aberdeen firm has ramped up to testing more than 500 offshore workers per day for Covid-19.
Industry chiefs are fighting in Westminster and Capitol Hill to support global helicopter firms that operate in the UK North Sea, warning some “will probably not survive”.
A call has been made to resurrect a Scottish Government programme to protect oil and gas jobs as thousands of workers face redundancy.
The north-east’s local government pension scheme (LGPS) has invested in a renewable power fund set up by asset manager BlackRock in a show of commitment to the energy transition.
An “unprecedented” number of enquiries amid the latest oil downturn is expected to see an Aberdeen-based business nearly double its headcount and boost turnover.
Elevator, the Aberdeen-based business support organisation, said yesterday it had won a “major” contract to help Scotland achieve its net zero carbon ambitions.
Aberdeen-headquartered energy services firm Wood has confirmed it will make more onshore redundancies as a result of reduced contracting and further project deferrals.
Aberdeen-based oil and gas support vessel operator North Star Shipping has told crews it plans to make around 100 people redundant.
An Aberdeen oil worker who was recently made redundant from Halliburton due to Covid-19 has now set up his own hand sanitiser business to help tackle the virus.
A pair of oil rigs lying idle in Invergordon sank Awilco Drilling to losses of £7.5million in the first quarter of 2020.
Scores of workers are facing redundancy at a subsea equipment firm in Aberdeenshire following a drop off in work.
DNO, the Oslo-listed exploration firm which took over Aberdeen's Faroe Petroleum, has announced it is reducing staff “in all locations” in response to Covid-19 outbreak and oil price crash.
Boris Johnson has “assured” MPs that the UK Government is working on a sector deal for the crisis-hit oil and gas industry.
The Coronavirus Job Retention Scheme (the "Scheme") was announced on 20 March 2020 and opened to applications on 20 April 2020. By 23 April 2020 it had received 512,000 claims in respect of 3.8 million furloughed employees. However, a great deal of uncertainty remains around the application of the Scheme to businesses in the oil and gas sector.
More than 650 workers have completed a transfer to a brand new consortium in Aberdeenshire for the start of a five-year contract with Total.