Hammer blow: 100 facing redundancy with Baker Hughes poised to close Aberdeen base
More than 100 workers are facing redundancy as US energy service firm Baker Hughes looks poised to close one of its Aberdeen sites.
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AIS Survivex starts redundancy consultation in Aberdeen and Montrose
Energy sector survival training firm AIS Survivex has started a redundancy consultation at its bases in Aberdeen and Montrose.
‘Devastating blow’ with 14 Petrofac jobs at risk at Orkney Flotta terminal
Jobs are at risk at contractor Petrofac after Repsol Sinopec announced “organisational changes” are to be made at the Flotta oil terminal in Orkney.
Baker Hughes: Redundancies ‘out of the blue’ at major Montrose employer
Oil and gas company Baker Hughes has made a round of redundancies at its Montrose facility.
Jobless claimant rate still going up in north-east, figures show
The number of people on unemployment-related benefits across the north-east has continued to rise sharply, new figures show.
BP boss says support for leavers a sign of commitment to just transition
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 reflects on ‘painful process’ after reducing headcount by more than a third in 2020
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 to cut jobs in Singapore as big oil retrenches
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 boss sees ‘room for spending’ on upstream projects in 2021
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 sinks to losses of £19.8bn in 2020 as Covid bites
Shell recorded pre-tax losses of £19.8 billion during an “extraordinary” 2020 marked by the Covid-19 pandemic and lower commodities prices.
BP sinks to losses of £18bn in 2020 as Covid and crude price crash take toll
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 reflects on ‘exceptional year’ of resilience after suffering losses of $11bn in 2020
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).
Updated: Weatherford to close Aberdeen manufacturing facilities
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 UK survey reveals increased optimism in sector with fewer anticipated job losses
Subsea companies across the UK are reporting an improved outlook for the industry with fewer anticipated redundancies, greater optimism and new geographical markets.
Halliburton to lay off more than 200 in Texas
Halliburton will lay off 216 employees in North Texas as the coronavirus pandemic continues to depress demand for oil-field services and equipment.
Hunting reduces headcount by 34% since start of 2020
Hunting will exit 2020 with fewer than 2,000 employees, a reduction of 34% since the start of the year.
Total in talks over 500 voluntary job cuts in France, CEO says
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.
Updated: Union estimates 12,000 North Sea jobs lost and warns of worse to come
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.
‘We must start the new year more positively’, says Oil and Gas UK chief
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, new Aberdeen base: Bilfinger Salamis buys into a brighter future
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.
North Sea firms warn further job losses on the horizon, confidence falls to lowest level since 2015
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.
‘No political will’ for a just transition away from hydrocarbons, says union boss
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.
E.On plans hundreds of job cuts
Energy giant E.On is planning to cut almost 700 jobs over the next two years, mainly in support and management roles, as part of the migration of customers to a new platform.
Subsea 7 completes work on Arran project, issues update on restructuring
Subsea 7 has completed installation activities for Shell’s Arran gas development in the Central North Sea.