Baker Hughes has said it remains “intensely focussed" on improving its "margin and return profile" as it stayed deep in the red in the third quarter.
Schlumberger has completed its plan to cut 21,000 jobs in response to the oil downturn, according to its latest accounts.
Investors are going “bargain hunting” for shares in Shell and BP after their stock values each hit 25-year lows.
Bilfinger has revealed it has shed nearly 2,600 jobs globally since the start of 2020.
A Cromarty Firth boss has replied to rising oil rig noise complaints, saying residents “have chosen to live on the shores of a busy, industrial port”.
Repsol Sinopec Resources UK’s (RSRUK) new CEO has tempered the company’s latest set of “strong” results by saying they “do not reflect” their current challenges.
Oil and gas drilling is on course for a "staggering" 20-year low, according to consultancy Rystad Energy.
Complaints of the “blight” of oil rigs in the Cromarty Firth spiked over the last month as the industry downturn forced vessels out of work.
Stena Drilling has confirmed it is making redundancies on four of its offshore drilling vessels, along with cuts to a number of roles onshore.
Repsol Sinopec Resources UK (RSRUK) has confirmed it will decommission a pair of North Sea fields after Premier Oil called time on its Balmoral Area.
Premier Oil has decided to end production at its Balmoral Area earlier than expected due to the Covid-19 pandemic and global downturn.
Weak gas prices saw profits slip at Chrysaor last year, who recently became the largest net producer in the UK North Sea.
Private equity-backed operator Neptune Energy has announced proposals to cut 400 jobs globally, representing around a fifth of its workforce.
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.
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.
Engineering giant Worley has cut another 1,900 jobs globally in response to the Covid-19 crisis.
The north-east economy is expected to be the worst hit region in Scotland by the Covid crisis according to a new report by KPMG.
‘Disgust’ as Bilfinger cuts 180 Aberdeen and offshore jobs hours after announcing £350m contract wins
Workers have expressed “disgust” after industrial services giant Bilfinger announced 180 job cuts in Aberdeen and offshore, just hours after touting contract wins worth £350million.
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.
Oceaneering has put more than 300 UK workers at risk of redundancy less than three months after opening a brand new regional headquarters in Aberdeen.
Energy giant BP has announced plans to cut around 10,000 jobs worldwide in response to the latest oil downturn.
Borr Drilling has agreed a debt restructuring deal which will improve the liquidity of the rig operator by more than £250million for the next two years.
"Build back better."
Industry chiefs are fighting in Westminster and Capitol Hill to support global helicopter firms that operate in the UK North Sea, warning some “will probably not survive”.
An “unprecedented” number of enquiries amid the latest oil downturn is expected to see an Aberdeen-based business nearly double its headcount and boost turnover.