FAR slips into default at Sangomar
Australia’s FAR is in default for its payments due on the Sangomar field, following recent talk of delays in Senegal’s upstream plans.
Insights
DPR calls on workers to follow COVID rules
Nigeria’s Department of Petroleum Resources (DPR) has called for oil company and government personnel to follow rules and document procedures in order to tackle the pandemic.
Woodside defiant on Sangomar schedule
Woodside Petroleum has denied that first oil from the Sangomar field will be delayed because of the coronavirus pandemic.
Has the hydrogen economy been thought through?
According to the Energy Saving Trust the average pence/kWhr charges for gas and electricity (standard rate) are 4.17 and 16.36 respectively. We either burn natural gas in our households or we burn natural gas to make electricity to use in our households.
Covid-19: a turning point for UK jobs
It has been another eventful couple of weeks in the global energy sector. The COVID-19 situation continues to create havoc across the world, as countries deal with the fall-out of the health crisis and associated economic impact.
The big oil turnaround: From negative prices to a bull market
Every day, traders in London congregate at 4 p.m. to buy and sell North Sea oil for half an hour. The window, as it’s known in the industry, is where competition between the most powerful players in the market sets the price of Brent crude.
£4.5m pledge to support oil and gas skills
The North Sea oil and gas industry is poised to benefit from a new £4.5 million scheme to support the retention of essential skills during and after the Covid-19 crisis.
New wave of work for Fife fabricator AJS
Fife fabrication firm AJS Production has returned to work to complete a 30-tonne wave machine which will take to the seas this year.
HSE quarantines hordes of ‘substandard’ Covid-19 face marks destined for North Sea oil sector
The Health and Safety Executive (HSE) has revealed it prevented more than a million dodgy Covid-19 face masks from reaching the UK supply chain, with many headed for the North Sea oil and gas industry.
Gas opportunities and challenges in Mozambique
There are challenges ahead for Mozambique, even while it is poised for a period of dramatic growth as investment into its northern gas finds escalates.
Sustainable Recovery: A roadmap that makes sense
Sustainable Recovery may be the most significant report ever produced by the IEA and the reason why is that the agency was partnered by the International Monetary Fund.
Minister hints North Sea retraining scheme could be relaunched
Economy Secretary Fiona Hyslop has hinted that an oil and gas “transition training fund” will be relaunched to help offshore workers who have lost their jobs during the pandemic.
Montrose Port Authority highlights its key role in delivering Scotland’s largest offshore wind farm
At the start of June, Seagreen Wind Energy Limited, a 114-turbine offshore wind farm than 27km off the Angus coast, got the greenlight to help kick-start Scotland’s green recovery.
Apollo launches second mission to inspire STEM learning during lockdown
After the cancellation of NASA in Aberdeen due to COVID-19, Apollo launched their ‘Apollo young astronaut competition’ which achieved great interest from parents, teachers and local media with some incredibly high-flying rocket launches.
World needs Covid-scale emissions cuts every other year, says BP boss
The world needs emissions cuts on a par with those delivered by the Covid lockdown every other year for the next 25 if it is to reach net-zero by 2050, BP’s chief executive said today.
The new ‘F-word’ in the energy sector
The Energy industry has taken another battering. But unlike previous economic hurricanes, this time within weeks centrally funded support was made available in the form of furlough leave and pay.
Ukraine’s energy sector faces its moment of truth
Ukraine’s energy sector is undergoing one of the most profound crises in its history. It is no surprise therefore that solving this crisis is a priority for officials and industry. In doing so, they will have to take a fundamental decision; whether to pursue a pragmatic or a populist approach to policy and regulatory change.
Might makes for LNG opportunities
Pandemic-driven lockdowns have taken their toll on small companies in every sector, while larger companies can take a longer view on matters, including in the LNG sector.
Mnazi Bay output to rise
Mnazi Bay production will increase for the rest of the year, following the end of the rainy season.
Updated: Helicopter operator CHC to cut more than 20 Aberdeen jobs
North Sea helicopter operator CHC is poised to lay off more than 20 employees in Aberdeen amid the crude price slump and Covid-19 pandemic.
High hopes for new well tool after overseas trials
A north-east entrepreneur has set his sights on commercialising oilfield technology developed primarily in Aberdeen after it passed field trials in Nigeria.
Is hydrogen fixation blinding us to better efficiency and storage options?
Hydrogen is ubiquitous in the energy media with most articles hailing its virtues. When combusted there are no carbon emissions and it can be stored for future use. Both these features are ideal qualities in the transition to net zero.
Renaissance lines up Botswana, amid Mexican gloom
Renaissance Oil Corp. has lined up an entry into Botswana in a bid to diversify its focus away from Mexico.
BP highlights diverging views on the future of oil and gas, Westwood Global says
BP’s announcement that it is going to write down the value of its exploration assets by $8-10 billion (56-70%) shows the accounting impact of its energy transition strategy.
Quarantine rules ‘causing chaos’ for hundreds of oil and gas workers, union boss claims
Coronavirus quarantine rules are "causing chaos" for hundreds of oil and gas workers across the UK, an Aberdeen union boss has said.