DOF Chairman to Resign after 18 Years in Position
will still be heavily engaged in the company, and will focus his efforts on his ownership role," DOF said.The Norwegian offshore vessel owner last week warned that several of its vessels might be laid up after the end of their current contracts, citing lack of new work opportunities amid the oil price rout and COVID-19 pandemic effects.There has been a sharp decline in the tender activities, with few new contract opportunities and fewer projects to bid for, the company said.Due to the sharp decline in the oil price, oil companies have reduced their exploration activity substantially and some have
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