An Aberdeen-based subsea engineering and decommissioning services provider is believed to have laid off around a quarter of its workforce.
Industry body Oil and Gas UK (OGUK) said today it is seeing “very worrying signs” for employment in the North Sea sector.
Transocean Deepwater plans to lay off as many as 110 workers after the Houston offshore driller could not secure a new contract for one of its drillships amid low oil prices.
Exxon Mobil Corp. plans to lay off an unspecified number of employees as low oil prices force the company to delay major projects, Chief Executive Officer Darren Woods said in an email to staff.
Almost three-quarters of the pandemic-driven jobs losses in the U.S. petroleum and chemical sectors may not come back before the end of next year, according to Deloitte LLP.
Norwegian energy giant Equinor will reduce the size of its UK exploration team in an effort to “increase efficiency and reduce cost”, a spokesperson said.
A union and an employment law specialist have warned of "imminent" consultations on North Sea job losses as the UK Government furlough scheme comes to an end next month.
Decom North Sea (DNS) and the Oil and Gas Authority (OGA) are “aligned” on the urgent need to stimulate decommissioning activity so that North Sea jobs can be saved.
The oil and gas industries stand on a cliff edge and could take communities in the north-east with them should they fall, council officials have warned.
Going to the supermarket has never been a favourite activity – and particularly during a pandemic.
The oil and gas downturn of approximately five years ago where the price of a barrel of oil dropped to less than $30 led to thousands of employees in the sector being made redundant. Those who wished to remain in the sector had to be patient before ultimately securing further employment.
Job losses related to the coronavirus pandemic are approaching the 100,000 mark for US oilfield services companies as layoffs continued to mount in July.
Energy Voice article – The Human Cost of Covid and Commodity Price Crash
A number of jobs are under threat at a firm which provides a range of services to a major oil and gas company.
The future of the energy industry landscape has long been up for debate, and the effect of COVID-19, combined with the dramatic global oil price crash and its detrimental impact, has brought this to an unparalleled level.
Hundreds of jobs at Dounreay have been safeguarded following the Nuclear Decommissioning Authority’s (NDA) announcement it will take over the Caithness plant.
US oilfield equipment firm Dril-Quip could be poised to make scores of Aberdeen staff members redundant in response to the crude price slump and Covid-19 pandemic.
The Society for Underwater Technology (SUT) will offer free membership to help energy professionals hit by the latest industry downcycle.
It has been another eventful couple of weeks in the global energy sector. The COVID-19 situation continues to create havoc across the world, as countries deal with the fall-out of the health crisis and associated economic impact.
Economy Secretary Fiona Hyslop has hinted that an oil and gas “transition training fund” will be relaunched to help offshore workers who have lost their jobs during the pandemic.
North Sea helicopter operator CHC is poised to lay off more than 20 employees in Aberdeen amid the crude price slump and Covid-19 pandemic.
Global energy services firm Van Oord has announced it will cut hundreds of jobs due to the "major impact" of the coronavirus pandemic.
Oil firm EnQuest will shrink further after deciding to call time on a group of fields in the northern North Sea.
Energy service firm Subsea 7 said today that it intends to lay off 3,000 workers over the next year.
A union boss has claimed a “host” of North Sea contracting firms are poised to lay off furloughed workers as the cost of maintaining the scheme mounts.