The UK Government has extended the cut-off date for workers to be eligible for its coronavirus jobs retention scheme, expected to benefit 200,000 people.
Drilling contractor Archer is understood to have laid off another 60 offshore workers following a client’s decision to cut activity levels.
A number of companies more commonly known for supplying personal protective equipment (PPE) to the North Sea oil and gas sector have shifted their focus to provide much needed face masks, visors and respirators for key UK NHS staff fighting the Covid-19 outbreak.
The oil and gas industry has been battered by a perfect hurricane of the three Cs: coronavirus, climate concern and a collapse in crude prices. But a fourth big C, a perennial threat to the health of the sector, lurks in the background and could cause even greater damage than usual in today’s fraught operating environment.
Global oil demand will plunge to its lowest level in 25-years this month, in what the International Energy Agency described as a “staggering” wipeout of nearly a decade’s growth.
New investment in the energy transition can be a “crucial pathway” out of the latest downturn for North Sea firms, according to the head of the Oil and Gas Authority (OGA).
A senior audit and assurance partner at Deloitte said the downturn could be a “catalyst” for change, but oil firms are first taking steps to survive the “uncharted waters”.
An offshore drilling firm has been urged to reconsider its plans to make 230 North Sea employees redundant.
It is amazing how fast things have changed. It is only a few months ago that I made my new year resolutions for 2020. Beaming with optimism and positive energy, I set out ambitious targets to ensure 2020 would be a year to remember.
Around 200 oil workers are to be laid off – and staff are furious they are not being furloughed.
Workers have been furloughed at a Highland marine energy firm as it looks to mitigate the fallout of the coronavirus pandemic.
Oil and gas giant BP is set to open a new Dyce-based Covid-19 testing facility to halt the spread of the virus to its North Sea assets.
A trade union has claimed drilling contractor Archer intends to make 130 North Sea workers redundant.
EnQuest has insisted its day-to-day operations are not “materially affected” by the coronavirus outbreak.
A historic multilateral deal to lower global oil production and stabilise prices, led by record cuts from Saudi Arabia and Russia, is at risk as Mexico refuses to agree to the proposed curbs.
North Sea workers must accept ‘accountability’ for their own health and safety in order to halt the spread of Covid-19 offshore.
None of us have been in a situation remotely like this before. The rules and the facts are changing daily and it can be overwhelming to try to keep up with developments.
With crude oil prices sitting in the low $30s due to the impact of a global pandemic, the oil and gas industry will have to be creative in how it responds to the impact around the world.
It’s no secret that the situation the world finds itself in is an unprecedented one.
Transocean has said it is “taking precautions” after two crew members tested positive for Covid-19 on one of its rigs offshore UK.
Shell has hit pause on a number of UK North Sea projects due to the recent crude price drop and Covid-19 outbreak, it is understood.
Around 80 jobs have been saved at Altrad Services after union pressure saw the firm reinstate workers under the government’s furlough scheme.
A managing partner of Anderson Anderson & Brown (AAB) has warned too many businesses may “fall through the cracks” of Covid-19 support.
Safety fears have been raised about the potential spread of Covid-19 due to a lack of guidance given to oil and gas workers using Aberdeen’s new safe haven hotels.
The deep and fundamental impact Covid-19 is having on the global economy is unprecedented, however, the shared global conviction to recover will be fast, and we expect that businesses which can pick up where they left off when things are safe will do so quickly.