Maritime Jobs
Wednesday, October 4, 2023

UK Offshore Workers Call for Gov't to Invest in Oil Projects

April 27, 2020

British unions representing offshore workers said on Monday the government should invest taxpayer money directly into oil and gas projects to save the sector rather than extend welfare payments to furloughed staff.

In a joint statement, the unions said they expected around 3,500 workers to be out of a job by September and that their members in the drilling sector were told their employers did not see any upturn in their sector before 2022.

"We see it as vital that we get the government to invest in projects, not as operating partners but as equity partners, providing low cost loans to operators," the statement said.

"The projects that were on the books for 2020/21 were based on an oil price of $x while the oil price is now at $y; therefore the government could bridge the gap with an investment, rather than paying benefits... Keep workers working, keep the economy going and growing."

Britain's Department for Business, Energy and Industrial Strategy and the sector regulator, the Oil and Gas Authority (OGA), had no immediate comment on the unions' proposal.

(Reporting by Shadia Nasralla Editing by Mark Heinrich)

Oil and Gas Authorityoil and gas projectsoil price

Featured Jobs

Chief Steward

Military Sealift Command

Second Assistant Engineer

Military Sealift Command

Damage Control Leader

Military Sealift CommandNorfolk, VA, USA

Damage Control Officer

Military Sealift Command

Third Officer - Mixed Work Schedule

Military Sealift Command

Second Officer

Military Sealift Command

Second Officer - Mixed Work Schedule

Military Sealift Command

Featured Employers

San Jacinto College

San Jacinto College is a community college in the Greater Houston area in the U.S. state of Texas.

GOLDEN GATE BRIDGE, HIGHWAY AND TRANSPORTATION DISTRICT

Based in San Francisco, the District consists of three operating divisions including Bridge, Bus, an

Military Sealift Command

The Military Sealift Command (MSC) is a United States Navy organization that controls most of the re