Survivex shuts Aberdeen facility in response to Covid-19 outbreak
Offshore survival training provider Survivex has temporarily closed its facility in Aberdeen in response to the coronavirus outbreak.
Insights
Net-zero energy: How oil and gas fits in
‘Put a tiger in your tank.’ - The public face of oil and gas looks very different today from the end of the last century, when this popular slogan reappeared. In the past messaging has laid the blame for manmade climate change at the feet of the oil and gas sector. As an industry we have never shied away from our responsibilities to operate, and that does not change today but there is drive and energy to ensure that we operate in a more sustainable manner. The UK’s 2050 commitment to net-zero carbon emissions will spur wider change, creating new sources of energy and new opportunities.
Workforce to be reduced by ‘more than half’ at EDF Hinkley nuclear plant
The workforce constructing the new Hinkley nuclear power station is to be reduced by more than half to around 2,000 because of the coronavirus pandemic.
South Sudan pushes back licence round
South Sudan has postponed its licence round as a result of the coronavirus, officials have said.
Gulf Keystone puts the brakes on
Gulf Keystone Petroleum has taken steps to shore up its financial position, with a knock-on impact to its predicted 2020 production.
Tlou to save gas, save cash in Botswana
London-listed Tlou Energy has set out plans to trim its running costs, in response to problems in the world’s financial markets, while competitor Kalahari Energy has received support from the US Trade and Development Agency (USTDA) for its power plans.
Thirteen suspected Covid-19 cases on Taqa North Sea platforms
North Sea operator Taqa has confirmed more than a dozen suspected cases of Covid-19 across two of its assets.
All is not lost for the North Sea, yet
The North Sea oil and gas industry can survive the “unchartered waters” of the current crude price storm, at least in the short-term, an analyst has said.
Hebrides wind farm trust to put additional cash towards Covid-19 response
A community-owned wind farm charity has announced it will use all its free cash for this year to set up a pandemic support fund for the local community.
Unprecedented, yes, but not carte blanche to tell staff to stay home
The use of the word 'unprecedented' has risen to unprecedented levels in these unprecedented times.
Suspected coronavirus case airlifted from Britannia platform
A suspected coronavirus sufferer has been flown back to shore from a North Sea platform.
Equinor, Total announce measures to combat price crash
Norwegian energy giant Equinor has suspended its share buyback programme due to the downturn in market conditions.
Oil drifts lower as hopes for Opec-Texas production truce fade
Oil dropped toward the lowest level since 2003 as prospects for a deal between OPEC and Texas to limit production appeared to fade, while a U.S. coronavirus rescue package ran into political delays.
Shell to halt share buybacks, reveals plans for spending cuts
Shell will curtail its share buyback programme and look for billions of pounds worth of savings in response to the oil price collapse.
More than a dozen North Sea projects face red light due to oil price plummet
More than a dozen UK North Sea projects are facing deferral in light of the oil price drop, an analyst has predicted.
Iqarus develops potentially life-saving service during pandemic
Global healthcare provider Iqarus, an International SOS company, has developed and launched a new service to safely manage suspected cases of coronavirus following their disembarkation from an offshore location.
Nearly 50 jobs at risk as North Sea operator takes steps to prevent virus outbreak
Nearly 50 offshore jobs at drilling contractor Archer are at risk due to client Ithaca Energy’s plans to reduce activity levels and crews on two central North Sea platforms.
Updated: School places expected to be provided for oil workers’ children
Children of workers performing critical roles in the oil industry are expected to be prioritised for school places amid the coronavirus outbreak.
At $30 oil, offshore drillers may be out of options
With the oil price crash and COVID-19, the near-term outlook for the offshore rig market is on a lot of minds.
Strike action planning suspended at Sullom Voe Terminal
Preparations for strike action at a key oil terminal in Shetland have been suspended after a new pay deal for workers was hammered out.
Putin won’t cave in to Saudi oil-price blackmail
Russian President Vladimir Putin will refuse to submit to what the Kremlin sees as oil blackmail from Saudi Arabia, signalling the price war that’s roiling global energy markets will continue.
Oil’s record rally continues as Trump wades into price war
Oil continued climbing after its biggest ever single-day gain as U.S. President Donald Trump waded into the price war between Saudi Arabia and Russia that has rocked crude markets amid diminishing demand.
Big Oil’s triple whammy
It has become clear to me that the oil and gas industry is not just confronted by the perfect storm, rather it is the perfect hurricane.
Taqa’s North Sea boss predicts ‘challenging year ahead’
The boss of Taqa’s North Sea business has predicted a “challenging year” ahead as the Abu-Dhabi oil firm publishes its 2019 results.
CfD set to make a big difference for UK renewables sector
With the Government committing an apparent volte face on its renewable energy policy, the sector is now gearing up for what could be a whirlwind of activity when it comes to UK onshore wind developments.