Petrofac falls to loss on Covid impact, sets new gender and net zero targets
Petrofac has set new targets to reduce its emissions and increase the percentage of women in its senior roles within the decade.
job cuts
TechnipFMC posts £2.4billion losses for first half of 2020
TechnipFMC has recorded pre-tax losses of £2.4bn for the first half of 2020 thanks to heavy write-downs of its oil and gas assets.
Subsea 7 sinks to losses of £750m amid thousands of job cuts
Subsea 7 sank to losses of £751million in the first half of the year as it restructures the business with thousands of job cuts.
Fugro targets £100m annual savings from job cuts, other measures
Fugro is aiming to save nearly £110m (EUR120m) per year thanks to a 10% reduction in its workforce and other measures.
Former Lloyds Register team ‘build better future’ after department is shuttered
Former members of the Lloyds Register upstream consulting team say they are “building a better future” after the entire department was closed down.
North Sea job cuts rise to 7,500
More than 7,500 oil and gas workers have lost their jobs since the onset of the coronavirus crisis and tens of thousands more could go, industry leaders have warned.
EnQuest not making compulsory redundancies for unionised Sullom Voe workers – Unite
EnQuest is not seeking to make compulsory redundancies for its “unionised” workforce at the Sullom Voe Terminal in Shetland, according to Unite.
TechnipFMC to cut around 60 Fife jobs in ‘hammer blow’ for workers
TechnipFMC plans to cut around 60 jobs in Fife after the price of oil and gas plummeted.
Shell plans ‘major restructuring’ in net zero push: Report
Shell will announce a major restructuring by the end of the year, according to a news report, as the firm makes a shift for the energy transition.
North Sea expected to ‘bear the brunt’ of 1 in 4 oil job cuts, analysis shows
One in four UK oil and gas sector employees could be cut in the event of a prolonged downturn, with north-east Scotland expected to “bear the brunt”, new analysis shows.
Neptune Energy to cut 400 jobs from global workforce
Private equity-backed operator Neptune Energy has announced proposals to cut 400 jobs globally, representing around a fifth of its workforce.
BP-scale job cuts ‘good ballpark estimate’ for every oil major – Rystad
BP-scale job cuts of 15% worldwide is a “good ballpark” estimate for every oil major, according to consultancy Rystad Energy.
North Sea facing ‘most challenging moments ever’ 45 years since first oil
The North Sea energy industry is facing some of its “most difficult and most testing challenges” ever as it today marks 45 years since first oil was landed in the UK.
Worley cuts another 1,900 jobs due to Covid-19
Engineering giant Worley has cut another 1,900 jobs globally in response to the Covid-19 crisis.
MP says government ‘can’t continue to dither’ on sector deal as oil leaders meet minister
An Aberdeen MP has said the government “can’t continue to dither” on an oil and gas sector deal as industry leaders meet the UK energy minister later.
‘Disgust’ as Bilfinger cuts 180 Aberdeen and offshore jobs hours after announcing £350m contract wins
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.
BP cuts make oil jobs taskforce ‘more urgent than ever’
A North-east MSP has told the Scottish Government that a revived energy jobs taskforce is “more urgent than ever” after BP announced plans for 10,000 cuts globally.
BP plans 10,000 job cuts
Energy giant BP has announced plans to cut around 10,000 jobs worldwide in response to the latest oil downturn.
Downturn threatens UK’s ‘capacity and capability’ for North Sea decommissioning
UK decommissioning activity is expected to increase due to the effects of Covid-19, but threats to jobs and the longevity of skilled SMEs will impact the “capacity and capability” to carry it out.
Former Clair Ridge and Aasta Hansteen worker building mental health platform for oil industry
An oil worker who helped oversee construction of BP’s Clair Ridge and Equinor’s giant Aasta Hansteen installation is now building up a new mental health platform for the industry.
North Star Shipping plans 100 job cuts due to oil downturn
Aberdeen-based oil and gas support vessel operator North Star Shipping has told crews it plans to make around 100 people redundant.
Majority of TechnipFMC UK job cuts to impact Aberdeenshire workforce
TechnipFMC UK job cuts are to largely impact its subsea workforce in the north-east as the lion’s share of proposed redundancies have been served to Westhill staff.
Scotland ‘fleshing out’ support actions for oil sector following crisis talks
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.
Maersk Drilling plans 170 onshore job cuts
Maersk Drilling has announced it plans to make up to 170 onshore job cuts as it adapts to the Covid-19 outbreak and oil price crash.
More than 500 Bilfinger Salamis jobs at risk
More than 500 jobs are at risk at Aberdeen-based energy services firm Bilfinger Salamis, which has started a redundancy consultation with its workforce.