Wood Group boss says its “hugely disappointed” over continued strike action
The chief executive of Wood Group has said the company is "hugely disappointed" after failing to reach a resolution with unions to bring strike action to an end.
The chief executive of Wood Group has said the company is "hugely disappointed" after failing to reach a resolution with unions to bring strike action to an end.
Oil major Shell has awarded DOF Subsea a five-year contract to provide a full-time underwater services and a multi-purpose supply vessel to the Prelude FLNG facility in Australia.
Unions will stage a 48-hour strike next week as industrial action continues on seven Shell assets in the North sea.
An overtime ban by disgruntled offshore workers has left a number of employees marooned on Shell’s Brent Alpha platform in the North Sea. Following the firm’s second quarter results announcement, Shell chief executive Ben van Beurden said the company had “seen difficulties with logistics” relating to helicopter transport, but did not elaborate. A spokesman for Shell later said an aircraft scheduled to pick up workers on Alpha was unable to land due to a shortage of available helideck operatives, and had to return to Sumburgh
A number of oil and gas companies with North Sea operations have revealed the impact of low crude prices on their trading in recent months. Shell chief executive Ben van Beurden said the firm is “enjoying” the benefits of recent efforts to get its North Sea business in shape, but declined to rule out additional job losses. Speaking after Shell reported a 72% drop in second quarter net income to $1billion (£762million), he said Shell had done more to lower costs and enhance reliability in the North Sea than in any other mature basin.
Oil major Shell said it has made a new exploration discovery in the Gulf of Mexico.
The boss at Royal Dutch Shell (LON: RDSB) said today that the firm is “enjoying” the benefits of recent efforts to get its North Sea business in shape, but declined to rule out additional job losses. Shell chief executive Ben van Beurden said the company had done more to lower costs and enhance reliability in the North Sea than in any other mature basin. Speaking after Shell reported a 72% drop in second quarter earnings, Mr van Beurden said the companies’ North Sea portfolio was “contributing” in the face of “tough” economic conditions.
North Sea oil workers have resumed strike action on a number of Shell assets.
Oil major Shell said its earnings dropped by 72% compared with the same quarter last year.
A company which was set up by investment fund Emerstone Energy has won a contract for shale gas exploration in Ukraine after oil major Shell withdrew from Ukraine.
Shell Oil Products has agreed to pay more than $700,000 to settle a civil prosecution over gift cards and fuel reward cards.
North Sea offshore workers will begin the first strike action in a generation.
Shell Philippines is looking to raise up to $629million for what could be the country's third and largest initial public offering (IPO).
Unions are to hold two protests at Wood Group offices and Shell premises in Aberdeen tomorrow in support of offshore staff taking part in the first strike action in 28 years.
Oil major Shell said it does not expect any impact on oil production ahead of the first strike action in a generation tomorrow.
For oil companies, the second quarter might be as good as it gets.
A North Sea oil worker has claimed staff are working on a “ticking time-bomb” as a dispute over changes to pay and conditions rumbles on.
Exports of Nigeria's largest crude oil stream, Qua Iboe, will remain under force majeure for at least one month while operator ExxonMobil repairs a leak on the pipeline feeding the terminal, according to reports.
Norwegian oil workers have declared their support of a UK North Sea strike.
Hundreds of offshore workers have set a date for the first North Sea strike in a generation.
The first cargo of liquefied natural gas set to pass through the newly expanded Panama Canal locks will be American.
Offshore union workers have agreed to press ahead with the first North Sea strike action in a generation.
Shell is said to be planning to open its first fuel stations in Latvia this month with a total of ten to be completed by the end of the year, according to reports.
Oil major Shell will appear before Dublin’s Metropolitan District Court in September after it was sent a summons from the Environmental Protection Agency.
The vice president of Shell's UK and Ireland Upstream operations has said the oil major is "disappointed" after both Unite and RMT unions voted in support of strike action.