Congo Republic Oil Workers to Go on Hunger Strike
Oil sector workers in Congo Republic will go on a hunger strike starting June 27, the workers' union said in a statement.A second phase of the strike starting June 29 will involve stopping work at all offices and industrial bases in Pointe-Noire, while the hunger strike continues at refineries, oil terminals, onshore and offshore bases, the statement said.(Reporting by Aaron Ross/Writing by Nellie PeytonEditing by James Macharia Chege)
EnQuest to Axe 530 Jobs in UK
employees. The Company expects to have the new organization established in Q3 2020," the spokesperson said.30,000 oilfield jobs in UK at riskOil & Gas UK, an industry body representing the UK offshore oil and gas industry has said that up to 30,000 jobs could be lost in the UK's offshore oil sector as companies grapple with the effects of the coronavirus pandemic and a 20 year low in oil prices and a 14 year low for gas."There is now a stark contrast in sentiment compared to the beginning of the year with all E&P companies and 93% of supply chain firms reporting a worse or significantly
UK: Around 30,000 Offshore Oil & Gas Jobs at Risk
Up to 30,000 jobs could be lost in the UK's offshore oil sector as companies grapple with the effects of the coronavirus pandemic and a 20 year low in oil prices and a 14 year low for gas, Oil & Gas UK has warned.The industry is expected to see a dramatic reduction in revenue, sparking concerns about the ability of some companies to survive a downturn that is likely to be even more severe than the one in 2015 which the sector is just emerging from, the industry body said."There is now a stark contrast in sentiment compared to the beginning of the year with all E&P companies and 93% of
Equatorial Guinea Punishes Subsea 7
Guinea if they did not commit to local content laws.The move was part of a crackdown by the African country to enforce local content laws that have been in place since 2014. Petroleum operators were told in July to cancel contracts with Canadian-based CHC Helicopter."Companies operating in the oil sector have an obligation to work within the confines of our very flexible and pragmatic local content regulations," Gabriel Obiang Lima, minister of hydrocarbons and mines said in a statement.Operators ordered to stop working with Subsea 7 include Noble Energy, Exxon Mobil and Marathon Oil .Subsea
Hundreds of Norway Oil Workers Go On Strike
; Association.Around 670 workers would walk out from Tuesday, with an additional 901 employees joining them from midnight on Sunday if the dispute is not resolved, Safe said in letters to the Shipowners' Association.In total, up to 2,250 workers could join the action, it said.Norway's oil sector directly employed 50,700 workers in 2017, of whom 26,700 worked in production and 23,500 in related services, according to Statistics Norway. The rest were occupied in transportation through pipelines.It was the biggest strike affecting the sector since a 16-day industrial action in 2012 cut the
O&G Sector Tarnishes Strong US Jobs Report
The U.S. oil and gas sector bled away more jobs last month as sustained low oil prices forced energy producers to reduce spending, suggesting that further pain may be ahead for the struggling industry. A roughly 50 percent drop in oil prices since June has pummeled the U.S. oil sector, prompting a quick drop in activity. The number of oil rigs active in the United States has fallen 40 percent since October. The mining sector of the workforce, which includes oil and gas workers, fell by 9,300 to 844,500 last month, according to the Labor Department's February payrolls report on Friday
President of Nigeria Dismisses Heads of State Oil
Group. Reuben Abati, spokesman cabinet Goodluck Jonathan, declined to give further details. A senior source in the presidency, who requested anonymity, said it was because Jonathan did not like how Yakubu managed parliamentary investigation which was carried out in February on corruption in the oil sector. So far it was not possible to obtain comments Yakubu. Several articles and reports in media have accused NNPC of corruption in February and then central bank governor Lamido Sanusi in parliament presented evidence that the company had not sent a $ 20 million owed. NNPC denies the charges, but
Norway Oil Engineers May Walk off Job next Week
About 100 workers from oil services firms could walk off the job from July 5 if wage talks fail, the head of Norway's biggest oil sector union said on Friday, a move that would not have an immediate impact on oil output. However were such a strike to last for several weeks or longer, or if more workers were to join the action at a later stage, it could potentially affect production and even lead to shutdowns. Several rounds of wage talks between energy firms and unions have taken place in Norway in recent weeks, with none of them resulting in industrial action after all sides accepted the
Oil Sector is Colombia's Biggest Economic Concern
Rebel attacks on infrastructure and burdensome red tape are making Colombia's one million barrel a day oil sector the Andean nation's biggest economic concern, Finance Minister Mauricio Cardenas said on Friday. Average output so far this year has slipped to 981,000 bpd from 1,006,000 bpd in 2013 mainly because of attacks on pipelines by leftist rebels, one of which kept a major pipeline shut for two months. Cardenas told local radio that the long waits faced by oil companies to obtain the permits necessary to start projects have also constricted production growth, which is leveling off after
