Despite its rich heritage of engineering ingenuity and entrepreneurial spirit, the oil and gas industry has been traditionally slow to adopt new technology. However, following the protracted downturn in recent years, this changed dramatically with companies much more open to collaborate on new technology and keen to embrace digital innovation in a bid to reduce costs and deliver ever-greater efficiencies.
The acceleration of digitalisation during the coronavirus pandemic has brought into sharp focus the opportunities for digital technical training within the oil and gas sector.
“Recovery plans rooted in the energy transition represent a far-sighted investment.” So claims Irena, the International Renewable Energy Agency.
In the world of geopolitics, it is remarkable how quickly a valued business partner can turn into the object of suspicion and candidate for sanction. The UK’s relationship with China now hangs in that delicate balance.
BP’s chief executive Bernard Looney has said oil and gas would be a “smaller, but core part” of the business as it “pivots” to net zero.
The Offshore Achievement Awards (OAA) is gearing up for its first ever virtual awards ceremony, allowing finalists and winners to be celebrated by industry on Friday, August 14, 2020.
The EU recently produced a report addressing its strategy for delivering net zero carbon emissions by 2050 - Powering a climate-neutral economy: An EU Strategy for Energy System Integration.
Energy sector training provider 3T Energy Group has launched Transform, a new cloud-based workforce management and learning platform.
Even in this time of great uncertainty caused by the Covid-19 pandemic and lower oil prices, corporate M&A and private equity investment in the energy sector is not dead.
A leading IT expert expects North Sea oil and gas operators to adopt a hybrid of traditional and new working practices post Covid-19.
Covid-19 has had an unarguably dramatic and far-reaching impact on everyone, and on organisations of all types – we have all felt the effects of lockdown and the economic slowdown. However, even as we saw a fall in revenue at the port due to reduced oil and gas activity and fewer ferry sailings, the pandemic brought out the very best in our employees, stakeholders and customers.
A new fund designed to support local regeneration and drive green recovery around Scotland’s coast post Covid-19 has been launched.
Noble Corp., the offshore drilling contractor, filed for bankruptcy with a plan to cut more than $3.4 billion of debt after a crash in crude prices made undersea oil wells too expensive.
As the UK begins to emerge from lockdown, there have been calls from business leaders and senior figures in government for ‘Building Back Better’ – an initiative aimed at ensuring the Coronavirus recovery plan prioritises climate change.
Kosmos Energy reported a net loss of $199 million for the second quarter of the year, with an adjusted net loss of $95mn.
Glencore produced more oil in the first half of the year, despite shutting down its Chadian assets.
US oilfield services giant Halliburton has confirmed it will close its main UK office in Aberdeen.
Safety leaders have voiced concerns that a backlog of maintenance work may have built up offshore during the Covid-19 pandemic.
As someone who has previously run for parliament, allow me to attempt a typical politician’s response. Converting a redundant oil platform into a major Aberdeen tourist attraction is a great idea which I support. Or, then again, perhaps not. It’s definitely one of the two. There: that’s my bases covered.
Saipem has confirmed it will “considerably” downsize its investment plans after posting pre-tax and interest losses of £644 million for the first half of this year.
The UK government is reconsidering its support for financing foreign oil and gas projects, following UK Export Finance’s (UKEF) commitment to the Total-led Mozambique LNG project.
An Aberdeen-based engineering group is eyeing a boost from Russia’s Far East after Covid-19 left it “scrimping and saving”, its boss said.
A leading industry body has revealed suspected Covid-19 cases offshore have continued to fall due to “effective industry-wide measures”.
Schlumberger delivered another crushing blow to the oil and gas industry today by announcing it was cutting around a fifth of its workforce.