Future Kimmeridge Limestone oil production projects over the UK’s Weald Basin could generate between approximately 1,000 to 5,600 jobs in the UK per year on average during their lifetime, according to a report from advisory services firm EY, which was commissioned by UK Oil & Gas Investments plc. The report predicts that the gross value… Continue Reading »
The oil and gas industry is a sector in which workers (generally with science/engineering backgrounds) are typically unafraid of technological progress. But the news these days seems to be full of scary articles about how technology will soon replace much of the work currently being done by humans. Just as the post-war achievements with transistors and… Continue Reading »
Sky-Futures, a drone inspection services provider for the global oil and gas industry, is expanding its workforce in Southeast Asia slightly to meet its regional operational needs, a company executive told Rigzone Tuesday at the Offshore Technology Conference Asia 2016 in Kuala Lumpur, Malaysia. “Yes, we are growing … for 2016/2017, [the workforce will grow]… Continue Reading »
OneSubsea is to invest £1.8 million in a new project for the development of its Standardised Modular Injection System (SMIS). The project, which will create five new jobs and safeguard a further 35, is being supported with a £434,126 R&D grant from Scottish Enterprise. It will be delivered from the company’s Aberdeen site. Energy Minister, Fergus Ewing, welcomed the news saying: “While… Continue Reading »
Nearly 15 years since Enron’s collapse decimated the retirement accounts of its employees, hundreds of thousands of U.S. energy workers remain precariously exposed to big, concentrated bets on company stock in their 401(k) retirement plans. The slide in oil prices to their lowest levels in over a decade wiped out several billion dollars of retirement… Continue Reading »
While not unfamiliar territory for an industry already embattled with low oil prices and minimal production activity, job losses in oil and gas continued in February. According to data in the jobs report released March 4 by the U.S. Department of Labor, despite the country’s increase of 242,000 jobs in February, mining jobs declined by… Continue Reading »
Malaysia’s PETRONAS announced it is making about 1,000 positions redundant and is reshuffling some senior executives after a strategic review, as the state-owned oil and gas company tries to cope with the hit from a plunge in oil prices. PETRONAS, or Petroliam Nasional Bhd, is one of the biggest employers of Malaysians and has a… Continue Reading »
In early February, UK-headquartered supermajor BP plc announced that it would over the next two years be cutting 7,000 jobs, including 4,000 staff and contractor roles, after it reported its worst set of results for two decades. Rigzone recently caught up with Julia Harvie-Liddel, BP’s group head of resourcing, in order to find out more… Continue Reading »
Oil and gas workers are being given the chance to retrain as teachers as part of a support package from the Scottish Government for Scotland’s northeast. The news was announced Tuesday by Education Secretary Angela Constance, alongside plans to consider measures to improve the recruitment of teachers and headteachers in the region. Ms Constance said… Continue Reading »
A subsea engineer, Mark Cooper, has set up a matchmaking service which should reduce the costs of recruiting engineers for subsea projects. Namely, ENG Resources has been established to help subsea companies find the most suitable engineers for projects in c and marine renewables at the most competitive rates. According to reports, ENG Resources will source and provide… Continue Reading »
