OTC postponed until third quarter
The annual Offshore Technology Conference (OTC) in the US has become the latest business event casualty of the Covid-19 pandemic.
Coronavirus
Offshore Achievement Awards postponed due to virus fears
A highlight of the UK offshore industry's social calendar has been postponed due to fears about the coronavirus spread.
North Sea travel restrictions tightened to combat virus
Restrictions on offshore travel will be tightened in a bid to stop the deadly coronavirus spreading across the North Sea, an industry body has said.
Updated: Shell boss paid £8.7m last year, 87 times more than average UK employee
Shell chief executive Ben van Beurden’s total pay package was cut in half last year, but he still took home a whopping sum of almost £9 million.
Equinor down-manning Martin Linge platform due to coronavirus discovery
Oil and gas firm Equinor has confirmed that it has begun down-manning procedures on its Martin Linge platform in the Norwegian section of the North Sea.
Repsol confirms Spanish employee has Covid-19
Spanish oil and gas firm Repsol has confirmed that a workers at the company's Andalucia office has been diagnosed with coronovirus (Covid-19).
Sasol tries to stem its share price bleeding
Sasol’s share price has declined by more than 80% since the beginning of the year, with the company saying it would accelerate efforts to cut costs and sell assets.
Oil continues slide after Trump limits travel from Europe to US
Oil resumed declines after President Donald Trump said the U.S. would restrict travel from Europe for the next 30 days to try and contain the coronavirus, pummeling fuel demand even further.
As pressure mounts, Tullow launches sale plans
Tullow Oil has slashed spending in 2020 and set out major disposal plans in an attempt to weather the storm.
Aberdeenshire oil worker quarantined in China over coronavirus fears
An Aberdeenshire oil worker under quarantine in China has said he “doesn’t know” when he will be able to return to the UK.
Equinor ‘responding to suspected case’ of coronavirus on Mariner platform
Oil and gas giant Equinor has confirmed that it is "responding to a suspected case" of coronavirus on board its Mariner platform in the UK North Sea.
OGUK to chop up flagship industry report due to coronavirus disruption
Oil and Gas UK (OGUK) has decided to chop up one of its flagship industry reports and cancelled key events in response to the coronavirus outbreak.
Call to cancel new coal facilities globally as renewables ‘out-compete’ on cost
Coal power developers risk wasting hundreds of billions of pounds as new renewables are now cheaper than new coal plants around the world, a report warns.
Shell Aberdeen worker tests positive for coronavirus
A Shell worker has tested positive for coronavirus in Aberdeen as the number of cases across north-east Scotland has increased to six.
Wood boss in bullish mood despite global financial market woes
Wood chief executive Robin Watson was in bullish mood about future prospects for the global engineering and consultancy company after a sharp increase in profits.
Equinor confirms coronavirus case on North Sea platform
Oil giant Equinor has a confirmed case of coronavirus on one of its assets in the Norwegian section of the North Sea.
Budget forecasts on North Sea revenues will be ‘wrong’ due to oil price freefall
The oil price freefall means projections for the UK’s North Sea revenues are already out of date before the Budget is even published, according to a leading analyst.
Talk of US tax cut helps oil prices rebound
Oil rebounded from its worst loss since 1991 on speculation that potential U.S. tax cuts may shield the market against the coronavirus and a price feud between major producers.
Being logical about oil and gas contracts amid the coronavirus outbreak
As cases of the coronavirus (COVID-19) increase around the world, industry continues to experience the effects. In particular, Chinese manufacturers in some areas have stopped operations due to factory shutdowns which in turn is starting to affect supply chains. As lead times catch up with supply constraints we expect this to become problematic in the weeks to come.
Global recession ‘almost inevitable’ as oil price plummets, deVere boss warns
A global recession is now almost inevitable this year, warns the chief executive of one of the world’s largest independent financial advisory and services organisations.
Equatorial Guinea postpones investment conference
Equatorial Guinea has taken the decision to postpone its Africa Oil & Investment Forum (AOIF) and exhibition, which had been due to take place on June 1, in light of the coronavirus outbreak.
Total limits worker travel to ‘absolute minimum’ amid spread of coronavirus
French oil and gas giant Total has confirmed it has limited the air travel of its employees to an "absolute minimum" as the threat level from coronavirus continues to rise.
‘Risk’ coronavirus could delay Scottish offshore wind projects
Offshore wind project manager, Jamie Dempster, conceded yesterday that there could be delays to offshore wind farm projects in Scotland in the wake of the coronavirus outbreak.
Nigeria plans budget review after Covid-19 hits oil prices
Nigeria may have to adjust its budget this year after fears of coronavirus pandemic dragged the price of crude under the target set in its 2020 spending plan.
OGUK events fall victim to virus
OGUK has postponed a number of its events this year in light of the developing spread of coronavirus.