Rishi Sunak and Jeremy Hunt are being held responsible for planned job losses at the UK North Sea’s largest producer.
A pipeline engineering specialist with a base in Aberdeen has closed its doors after it was put into administration.
More than 100 workers are facing redundancy as US energy service firm Baker Hughes looks poised to close one of its Aberdeen sites.
Energy sector survival training firm AIS Survivex has started a redundancy consultation at its bases in Aberdeen and Montrose.
Jobs are at risk at contractor Petrofac after Repsol Sinopec announced “organisational changes” are to be made at the Flotta oil terminal in Orkney.
Oil and gas company Baker Hughes has made a round of redundancies at its Montrose facility.
The number of people on unemployment-related benefits across the north-east has continued to rise sharply, new figures show.
The boss at BP says the support provided to people leaving the company during its restructuring could be taken as a sign of its commitment to a just transition.
OGUK report underlines need for ‘vital support’, says 30,000 job losses remains ‘reasonable estimate’
Oil and Gas UK (OGUK) has warned that the UK’s energy transition is at risk of stalling unless the industry receives “vital support” from government.
Hunting has said the group is positioned “well for the year ahead” after a strong finish to 2020, coupled with a more buoyant market outlook.
Exxon Mobil Corp. expects to cut about 300 jobs in the Asian oil-trading hub of Singapore by the end of 2021, part of a global retrenchment that was announced last year.
Shell’s boss said today that the recent “strong recovery” in oil prices meant the supermajor would have “room to spend” cash on upstream projects, including in the North Sea.
Shell recorded pre-tax losses of £19.8 billion during an “extraordinary” 2020 marked by the Covid-19 pandemic and lower commodities prices.
BP fell to pre-tax losses of £18 billion in 2020 as the energy giant’s balance sheet creaked under the weight of lower oil and gas prices.
Schlumberger’s chief executive has described 2020 as “an exceptional year of operational resilience” with the firm posting pre-tax losses of $11.2 billion (£8.3bn).
US oilfield equipment and service firm Weatherford dealt another painful blow to the Aberdeen oil industry yesterday by confirming plans to shut down its manufacturing facilities in the city.
Subsea companies across the UK are reporting an improved outlook for the industry with fewer anticipated redundancies, greater optimism and new geographical markets.
Halliburton will lay off 216 employees in North Texas as the coronavirus pandemic continues to depress demand for oil-field services and equipment.
Hunting will exit 2020 with fewer than 2,000 employees, a reduction of 34% since the start of the year.
Total SE is discussing a plan for 500 voluntary job cuts in France, where the oil company has 35,000 employees, Chief Executive Officer Patrick Pouyanne said in an interview with France Inter radio.
A trade union boss has warned predictions that 8,000 jobs have been lost in the oil and gas sector due to the latest downturn are likely to be very conservative.
Reflecting on Oil and Gas UK’s prediction that North Sea projects could take up to three years to return, the industry body’s chief executive, Deirdre Michie, said, “we have to start the year more positively than that.”
New contracts, renewals and the opening of a new Aberdeen base have been flipping the fortunes of Bilfinger Salamis after a stark start to 2020.
Around a fifth of North Sea oil and gas contractors have warned they expect to make further job cuts in 2021 as they continue to deal with ongoing turmoil in the sector.
Governments in Holyrood and Westminster have been accused of having “no political will” to support a just transition away from fossil fuels to clean energy.