The manufacturer for the largest wind farms in Scotland has announced plans for 220 job cuts in what has been described as a "body blow" for the sector.
North Sea Transition Deal
Disruption can bring opportunities, and those businesses which have a mindset of accepting opportunities thrown up from the unwelcome disruption caused by Covid-19 will survive and thrive, while new businesses will emerge to capitalise on these opportunities.
Shell is planning 330 job cuts from its UK oil and gas business, the majority in Aberdeen, as part of its global restructuring.
The UK’s energy minister has reinforced that support for North Sea oil and gas is reliant on the sector “playing ball” in terms of decarbonisation.
Hydrasun’s boss has said the “unity of effort” shown by the firm’s employees and people in the wider oil and gas industry made 2020 a hard but “strangely rewarding” year.
Emerging technologies will be key to delivering the Government’s decarbonisation strategy and 2050 zero-carbon target, according to energy experts at Pinsent Masons.
The UK Government today vowed to agree a North Sea transition deal with the oil and gas sector during the first half of 2021.
North Sea firms are on track to produce roughly the same amount of oil and gas in 2020 as they did last year, despite the Covid-19 pandemic throwing up huge challenges, a new report reveals.
Shell’s UK North Sea chief has said the task of engineering ageing oil platforms to run on green power would be as complicated as “open heart surgery”.
Scottish Conservative leader Douglas Ross will argue today that protecting North Sea oil and gas jobs should be prioritised over climate change targets.
A union official has said news of Shell planning thousands of job cuts globally puts the North Sea’s green recovery “in sharp focus”.
More than 80% of UK oil and gas workers are considering leaving the industry, according to a new report from climate action groups.
The head of the Oil and Gas Authority (OGA) hopes a government sector deal for the North Sea will be agreed by the end of the year.
The UK's energy minister has said the oil and gas industry will “need to change” to help the country meet its net-zero emissions target by 2050.
Positioning the UK North Sea for a net zero future will cost more than £430billion, according to a new report from the Oil and Gas Technology Centre (OGTC) and consultancy Wood Mackenzie.