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.
Oil and gas UK (OGUK)
A “more diversified” Chrysaor could still be producing 200,000 barrels of oil a day in 2040, according to the firm’s North Sea boss.
Politians and union bosses have hit out at Chancellor Rishi Sunak’s Job Retention Bonus scheme, with some claiming it does “little to nothing” to affect growing North Sea job losses.
How can the supply chain seize emerging business opportunities as our industry transitions towards a lower carbon economy?
Very few people instinctively know what to do during a crisis.
The coronavirus pandemic is of a scale and severity which none of us have seen before, but we shouldn’t take for granted the true value of the UK’s offshore oil and gas industry’s culture of safety.
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The UK head of Aker Solutions has called for more “clarity” over how North Sea supply chain firms will fit into the energy transition.
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A “marked increase” has been noted in the number of workers going out to North Sea platforms, according to industry chiefs.
Petrofac is working on a “more aggressive” approach to replace its climate targets which are “well out of date”, according to a UK boss.
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.
More than 4,500 “heartbreaking” North Sea job losses have already taken place in the wake of the Covid-19 outbreak and oil price rout, it is understood.
Widespread decommissioning deferrals could lead to a “wave of idle iron” in the UK and globally as companies rush to preserve cash and potentially shut down uneconomic oil platforms, according to new analysis.
North Sea oil industry workers are anticipated to make up the lion’s share of those using the furlough scheme within the UK energy sector.
An oil and gas sector deal could ensure any further BP-scale job losses are "headed off at the pass", according to a north-east MP.
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.
A number of North Sea-focused industry groups have announced they will collaborate on a survey designed to assess the pace of digitalisation growth across the sector.
The Health and Safety Executive (HSE) has reported that four workers have contracted Covid-19 as a result of occupational exposure offshore, with more expected to follow.
An Aberdeen firm has ramped up to testing more than 500 offshore workers per day for Covid-19.
Oil and gas workers have been handed a Covid-19 quarantine exemption by the UK Home Office as the sector looks to bounce back from one of the most difficult periods in its history.
Trade body Oil and Gas UK (OGUK) said it is “continuing to work with the government” on sector-specific guidance for easing the lockdown in the industry.
Many North Sea oilfield service firms are being left in a “desperate situation” over whether to axe staff or pay mounting maintenance costs to keep them on furlough.
An oil industry representative body has announced the formation of a North Sea recovery taskforce as “hard decisions” start to bear down over thousands of redundancies in the sector.
North-east energy sector chiefs largely welcomed an extension of the UK Government furlough scheme, but cautioned it may do little to roll back the tide of oil and gas redundancies.
Oil and Gas UK (OGUK) has confirmed it is to seek an exemption for offshore workers to a new 14-day quarantine on flight arrivals to the UK.