Oil & Gas industry

Oil and gas deterioration puts 3,000 jobs at risk

Subsea 7
BBC

Hundreds of North Sea jobs are thought to be under threat at an offshore oil and gas company.

Underwater engineering firm Subsea 7 has announced it is to cut 3,000 jobs from its 12,000 global workforce.

The company said: "Faced with a significant deterioration in the oil and gas market, we are taking swift and decisive action to address the elements under our control."

It is believed several hundred of those could be cut in the UK. Subsea 7 has offices in Aberdeen, a support yard in Glasgow and engineering facilities at Wick and Leith.

Read more here.

Campaign launched to save offshore jobs

Oil platform
Getty Images

A campaign has been launched to save offshore jobs amid concerns for the sector caused by the Coronvirus pandemic.

Unite, the largest trade union representing workers in the sector, says tens of thousands of jobs are at risk due to the fall in demand for oil.

Oil and Gas UK has warned that up to 30,000 jobs could be lost over the next year an a half due to the fall in the price of a barrel of oil - because of a lack of demand.

Unite's members are being encouraged to lobby Members of the Scottish and UK parliaments to gain support for measures.

These include offering low-cost state loans to operators and collective bargaining with unions now and when transitioning to greener industries.