WATCH: Saipem’s Scarabeo 9 crosses the Bosphorus Strait
https://www.youtube.com/watch?v=f-bQqVkY-ew
Saudi oil continues to flood market despite output deal set to begin
Saudi Arabia and other Gulf suppliers may have agreed to cut oil production again starting next month, but by all indications the taps are set to remain wide open until then -- swelling stockpiles for at least a few more weeks.
Oil makes up some ground following 10% drop as demand concerns persist
Oil eked out a small gain after tumbling 10% on Tuesday as concerns over virus-driven demand destruction overshadowed a historic deal by the world’s biggest producers slash output.
Wood picks up US onshore wind work worth £80m
An Aberdeen-headquartered global engineering firm has announced the addition of £80 million ($100m) worth of contracts from the US onshore wind market.
Still ‘tough’ times ahead for North Sea firms despite global 10m barrel reduction deal, Prof Kemp says
North Sea firms still face “very tough” times despite the Opec cartel and its allies striking a landmark deal to reduce output by almost 10 million barrels of oil per day, a top petro-economist has said.
Oil edges higher as market weighs output cuts against demand
Oil resumed gains to near $23 a barrel as investors weigh whether a deal by the world’s biggest producers to reduce output will be enough to offset the demand destruction caused by the coronavirus.
Baker Hughes to write down $15 billion, cut spending
Houston oilfield service company Baker Hughes plans to write down the value of its assets by $15 billion and cut capital spending by more than 20% from 2019 levels as market conditions worsen for the oil and gas industry.
Simec Atlantis Energy furloughs workers due to Covid-19 pandemic
Workers have been furloughed at a Highland marine energy firm as it looks to mitigate the fallout of the coronavirus pandemic.
Subsea 7 to carry out work for Chevron in Gulf of Mexico
Oilfield services firm Subsea 7 has announced it will carry out work for Chevron in the Gulf of Mexico.
North Sea offshore wind projects could face Covid-19 construction headaches, expert claims
Some North Sea renewable energy projects face growing construction headaches with “every passing month” taken up by the coronavirus pandemic, an offshore wind expert has warned.
Dundee renewables firm partners with local college to deliver wind turbine training
Dundee and Angus College and Dundee-based Coast Renewables have entered into a partnership to deliver training for the wind turbine sector.
End to oil price war sees ‘historic’ OPEC deal to cut output
The world’s top oil producers pulled off a historic deal to cut global petroleum output by nearly a 10th, putting an end to the devastating price war that brought the energy industry to its knees.
BP to open Dyce-based coronavirus testing facility
Oil and gas giant BP is set to open a new Dyce-based Covid-19 testing facility to halt the spread of the virus to its North Sea assets.
Oil jumps to $33 a barrel following landmark OPEC deal
Oil pushed higher after swinging wildly in early trading as investors weighed whether an historic deal by the world’s biggest producers to cut output would be enough to steady a market pummeled by the coronavirus.
Southern sector success setting a new standard
The success of the southern North Sea’s offshore wind sector not only makes it an interesting hotbed of renewable energy activity in the UK, it also points toward the future developments of the sector and how it is helping some forgotten coastal communities engineer a brighter future for themselves.
Offshore wind growth key to future of basin
The growth of offshore wind development is “central” to the future of the southern North Sea, but won’t be “an easy thing to do”.
Workers need to be ‘accountable’ for own health and safety, OGUK director says
North Sea workers must accept ‘accountability’ for their own health and safety in order to halt the spread of Covid-19 offshore.
EDF Highland wind farm to redirect community cash towards Covid-19 response
A Highland onshore wind farm operated by EDF Renewables are set to redirect local community funding towards the coronavirus pandemic response.
‘Lack of guidance’ blamed for safety fears over Covid-19 spread at safe haven hotels
Safety fears have been raised about the potential spread of Covid-19 due to a lack of guidance given to oil and gas workers using Aberdeen’s new safe haven hotels.
Turning crisis into opportunity
The deep and fundamental impact Covid-19 is having on the global economy is unprecedented, however, the shared global conviction to recover will be fast, and we expect that businesses which can pick up where they left off when things are safe will do so quickly.
No Covid-19 delay to offshore wind power auction delivery, UK Gov says
The UK Government timetable for its offshore wind power auction will not be delayed by the coronavirus pandemic.
Equinor gets green-light from authorities on Hywind Tampen project
Norwegian energy giant Equinor has received the go-ahead for its plans to build a floating wind farm able to power oil and gas installations in the Northern North Sea.
Renewable power expansion continues to outpace fossil fuel growth, new data shows
Renewable energy accounted for the lion's share of global power expansion last year, outstripping oil and gas growth by more more than double.
Worker airlifted from Ninian Southern platform tests positive for Covid-19
A worker who was airlifted from the Ninian Southern North Sea platform last week has tested positive for coronavirus.
Cnooc to cut worker numbers on North Sea helicopters to address Covid-19 social distancing
Oil and gas operator China National Offshore Oil Corporation (Cnooc) International is set to halve worker numbers travelling by helicopter to its North Sea assets in an attempt to socially distance staff and combat the spread of coronavirus offshore.