EnQuest to Axe 530 Jobs in UK
UK oil and gas producer EnQuest is planning workforce reductions in the UK as some of its North Sea fields are expected to cease production, while others will remain shut as part of a recently announced cost-cutting initiative.When it comes to the planned workforce cuts, an EnQuest spokesperson told Offshore Engineer Wednesday that the company had begun a six-week collective consultation with UK employees "as it takes decisive action to manage the business in the current challenging economic environment."The spokesperson reminded that given the prevailing low oil price and global demand that
Repsol Sinopec Resources UK Names New CEO
UK North Sea-focused oil company Repsol Sinopec Resources UK Limited has appointed Jose Luis Muñoz as its Chief Executive Officer, effective April 1, 2020.Muñoz replaces Bill Dunnett, who had been in the CEO since 2015. Repsol Sinopec said Dunnett was stepping down "as planned following the end of his contract on March 31st."Muñoz joined Repsol in 2005 and has most recently been Managing Director of Repsol’s UK business unit, based in Aberdeen. During that time he has also served (2017-20) as a member of the joint venture’s ExCom, supporting the business’
Tens of Thousands of Offshore Jobs at Risk, UK Union Warns
UK-based offshore energy workers' union RMT has called for the government to help preserve the offshore oil and gas industry and jobs amid the coronavirus and the oil price rout.RMT has warned that oil price wars and a public health pandemic could "drive the North Sea oil and gas industry over the cliff edge, putting tens of thousands of offshore workers out of work, increasing the UK's reliance on imported fossil fuels and extinguishing prospects of a just transition for oil and gas workers."RMT General Secretary Mick Cash said: "We are extremely concerned at the potential of
