North Sea went a week with zero medivacs for workers with Covid symptoms
North Sea industry recently had a week free of evacuations of workers with Covid-19 symptoms from offshore platforms.
Insights
As gas prices sag, Nigeria plans to export more
Nigeria plans to keep its liquefied natural supply at current levels despite prices near record lows, the opposite of what exporters from the US to Australia are doing.
Build back better – learning from lockdown
As we start to unlock and the shift of focus starts to turn to the economy, Sarah Baillie, Planning and Infrastructure Consenting Partner, at Addleshaw Goddard LLP, discusses what lessons we can learn from lockdown if we want to transition towards a greener, net zero and sustainable economy.
Enterprising former oil workers clear out virus with ‘fog’
An Aberdeen-based oil and gas duo who got together to form a new venture keeping business premises free of Covid-19 have already expanded to cover Inverness and Dundee.
Dril-Quip ‘poised’ to slash north-east workforce
US oilfield equipment firm Dril-Quip could be poised to make scores of Aberdeen staff members redundant in response to the crude price slump and Covid-19 pandemic.
We must move quickly to shrink housing stock’s carbon footprint
The media and scientific papers are awash with reports on the transition to net zero energy supply options – hydrogen, CCUS, solar, wind, tide etc.
Aker Solutions to cut dozens of offshore roles after Equinor puts North Sea project on hold
Aker Solutions will axe 44 offshore jobs after client Equinor shelved a UK North Sea project due to the oil price rout and Covid-19 outbreak.
Building Back Better: Climate crisis, oil price crash and Covid-19
Stakeholder pressure, falling unit costs, a heightened sense of moral and social responsibility (perhaps) - if you had asked observers six months ago to list the factors they deemed responsible for driving the energy transition, these are, inter alia, the responses you may have received. Whilst the varying importance of the converging forces behind the recent surge in net-zero commitments has and will continue to be debated, one thing is for sure - a global health crisis would not have been top of the list.
Hunting reduces global workforce by 25%
Oilfield technology firm Hunting said on Monday that it was slashing its global workforce by a quarter in response to the oil price drop and Covid-19 pandemic.
‘Disrespectful’ to send letters to suppliers demanding cost cuts, BP procurement chief says
A global procurement chief at BP has said sending letters to suppliers demanding price reductions is “disrespectful” and “absolutely the wrong thing to do" for the oil and gas industry.
Chesapeake’s collapse is latest in long line of shale disasters
The shale bust has reached a grim milestone by claiming the pioneer of America’s drilling renaissance. But Chesapeake Energy Corp., which filed for bankruptcy protection on Sunday, is just the latest in a long list of casualties.
Buoyant Brimmond investing nearly £1m in rental fleet
Hefty investments and lengthy contract wins have put Brimmond Group in a “strong financial position” from which to ride out the latest oil industry downcycle, bosses said.
Shell’s Bonga ramps up despite COVID fears
Shell’s Bonga field completed maintenance last week and is ramping production back up, despite some isolated cases of coronavirus.
Lloyd’s Register cuts 46 jobs from upstream team
Dozens of jobs have been lost at a north-east energy firm, with its parent company stepping back from part of the market.
Green energy key to restoring economy post-pandemic
Investment in green-energy projects is crucial to Scotland’s economic recovery post COVID-19.
Moray East hands out £150k deal for portable toilets and showers
The developers of a major wind farm off Moray have awarded a £150,000 deal for toilets and washing stations to combat the spread of Covid-19.
Is the decommissioning era finally approaching the reverse oil cycle?
Against the backdrop of current circumstances in the oil market, it is increasingly hard to predict what the future holds for the decommissioning industry. The oil price will have a significant effect on depleted and marginal fields and may push already conservative profit-making operations into the red. This, combined with COVID-19, has created more of an impasse for the market than arguably seen before.
‘No score’ for supply chain commitments in Scottish wind leasing round
The starting gun has been fired for investors and developers seeking new offshore wind opportunities in Scottish waters with the launch of the ScotWind Leasing programme.
NNPC reports March deficit from price plunge
Nigerian National Petroleum Corp. (NNPC) saw a more than 300% decline in earnings in March as crude prices plummeted.
Woodmac: How has the price crash changed the upstream sector?
The oil price crash wiped $1.6 trillion off the valuation of the global upstream industry, according to energy researcher and consultancy Wood Mackenzie.
After decade of excess, US shale industry will take years to recover
As oil prices tick up to $40 a barrel following a pandemic-induced plunge, there’s a sense the shale industry is snapping back to life with Continental Resources Inc., EOG Resources Inc. and Parsley Energy Inc. all saying they’re restarting closed wells.
Covid spike in US threatens oil’s remarkable price rally
A spike in U.S. coronavirus cases is threatening the oil market’s recovery from its historic plunge into negative territory.
Let’s seize chance to turn North Sea into integrated energy zone
The coronavirus pandemic, together with a global collapse in oil price, has seen the offshore industry experience hugely turbulent times during the first half of 2020.
Top economists urges north-east businesses to grasp digital opportunity
North-east businesses should rely on their resilience and expertise to help them through the coronavirus pandemic, a leading Scottish economist said yesterday.
UOG triples production in Egypt
United Oil & Gas (UOG) has increased its net production from Egypt’s Abu Sennan concession by 69%, while also reporting a reserve boost.