Workers on Royal Dutch Shell’s Brent oilfield platforms in the North Sea voted overwhelmingly in favour of strike action over disagreements about the terms of new contracts they are being offered.
According to a report from the Bank of Scotland and Lloyds Bank Group, almost a third of UK oil and gas companies are planning to cut jobs in order to retain financial viability following difficulties faced by the industry in recent times. Continue Reading
Oil giant Shell will be creating a new division dedicated to investing in green energy in order to avoid the “nasty, brutish and short” end predicted for oil companies by Chatham House.
A recent survey conducted by researchers at Company Watch found that the falling price for Brent crude oil has had a damning effect on small oil and gas firms in the UK listed on the AIM stock market.