Energy Exports Conference postponed
An annual energy conference has been postponed until October due to the coronavirus outbreak.
Coronavirus
Temporary leave for 3,500 Halliburton employees in US amid falling oil prices
Oilfield service giant Halliburton plans to "furlough" about 3,500 employees of its Houston headquarters for the next two months amid grim market conditions that include four year-low oil prices and the coronavirus outbreak.
Crude rebounds after dropping to 18-year low
Oil rebounded after plunging to the lowest level in 18 years as investors weigh efforts by policy makers across the globe to strengthen economies against the impact of the coronavirus pandemic.
‘Anger’ as offshore vessel crews face an extra month at sea over coronavirus
Crews of oil and gas emergency standby ships are facing an extra month out in the North Sea in response to the coronavirus pandemic, sparking “anger” from parts of the workforce.
It’s taken a pandemic…but government finally folded to IR35 pressure
As one of the most controversial pieces of legislation affecting the flexible workforce, IR35 is never far from the headlines and there have been campaigns and protests to try and halt the reforms. That has now been successful as Contractors celebrated their success last night.
Flights resumed to Total’s Culzean field after suspected coronavirus patient taken to shore
Flights have been resumed to one of the UK’s largest gas fields after a worker suspected to have coronavirus was taken to shore.
School closures announced in Scotland and Wales
Schools in Scotland and Wales will close in response to the Covid-19 pandemic, amid speculation that similar measures could be announced in England.
BP reviewing North Sea crew numbers in response to coronavirus outbreak
Energy giant BP has joined a list of operators working to reduce offshore crew numbers on its North Sea assets in response to the coronavirus outbreak.
BW Energy delays Dussafu work on turmoil
Work at the Dussafu Marin licence in Gabon has slowed as a result of the coronavirus outbreak.
DNO slashes budget to cope with virus spread
DNO has slashed its budget to shore up its balance sheet in the face of “unprecedented market convulsions” and plunging oil prices triggered by the coronavirus pandemic.
Updated: Oil slumps to 18-year low as Saudi Arabia ramps up price war
Oil futures plunged as much as 26% to the lowest levels since 2002 after Saudi Arabia vowed to keep producing at a record high “over the coming months,” doubling down in its price war with Russia.
More than 200 UK and Norwegian oilfield services firms may go bankrupt over virus – Rystad
More than 200 oilfield services firms (OFS) across the UK and Norway are “set to become insolvent” due to the coronavirus outbreak, according to Rystad Energy.
Sasol sets out $6bn target
Sasol “will prevail”, the company’s CEO Fleetwood Grobler said on a conference call intended to reassure investors and employees. The plan should stabilise the company, protect the balance sheet and preserve stakeholders’ interests.
North Sea firms reduce offshore crews in bid to prevent coronavirus spread
Several North Sea operators are reducing offshore crews on their UK platforms in a bid to prevent the spread of the coronavirus outbreak.
Flights suspended to Total’s Culzean field amid suspected coronavirus case on Maersk rig
Flights have been temporarily suspended to one of the UK’s largest offshore gas fields after a suspected coronavirus case at an adjacent drilling rig.
ExxonMobil to ‘significantly reduce spending’
ExxonMobil said today it would "significantly reduce spending" as a result of market conditions caused by the Covid-19 pandemic and commodity price decreases.
BP can cut spending by a fifth, CFO says
BP Plc said it can slash its spending by as much as 20% this year as the oil market goes into freefall, with some U.S. operations likely to get less investment.
Southern North Sea conference postponed
The Southern North Sea conference in Norwich has been postponed until September due to the coronavirus outbreak.
Aker Solutions warns temp workers in Norway of potential job losses
Aker Solutions has warned contractors in Norway of potential job losses amid fears work will slow down due to the coronavirus spread.
Chrysaor worker quarantined on North Sea platform over suspected coronavirus case
A worker on a North Sea platform has been quarantined offshore after being suspected of contracting coronavirus.
Helicopter flights to BP platforms will no longer stop in Shetland
Helicopter flights to BP’s offshore platforms west of Shetland are to bypass the islands in an effort to avoid spreading coronavirus.
Aramco sticks to $75bn dividend pledge despite oil price drop
Even with oil prices having slumped, Saudi Aramco said it still intends to give at least $75 billion to shareholders this year.
Huge demand drop forces oil price down further
Oil’s spectacular collapse deepened as widening global efforts to fight the spread of coronavirus were set to trigger the most severe contraction in annual oil demand in history.
IFB puts focus on remote working
Digital communications firm IFB, of Aberdeen, has launched a free service to help companies stay afloat amid all the chaos of the Covid-19 virus.
TechnipFMC delays split until market improves
Energy services firm TechnipFMC said this evening that its split into two separate companies would be delayed due to recent market turmoil.