Oil extends gains on vaccine progress as OPEC+ meets
Oil extended its gain with investors weighing news of another Covid-19 vaccine breakthrough as OPEC+ moved closer to delaying a planned easing of output cuts.
Coronavirus
Peterson ‘well placed’ after carrying out resizing in response to Covid
International energy logistics provider Peterson has confirmed it carried out a “resizing” of the business earlier this year in order to make the transition to home working more straightforward.
Sonatrach calls for compliance with COVID-19 measures
Rising COVID-19 numbers in Algeria have driven Sonatrach boss Toufik Hakkar to call for employees to increase their vigilance.
Dozens of jobs at risk at Aberdeen engineering firm TDC
Dozens of jobs are at risk at Aberdeen engineering firm TDC, despite the company’s hope to stave off redundancies.
Assessing energy merger and acquisition opportunities in a time of pandemic
Mergers and acquisitions have been slowed by the COVID-19 outbreak. But as companies embrace the energy transition opportunities will arise
Exempt oil workers from having to self-isolate on mainland, says Scottish Tory leader
The Scottish and UK Governments have been urged to work together to introduce an exemption to coronavirus rules that mean offshore oil workers are required to self-isolate on the mainland.
Genny Hire: Temporary power solutions when you need them
Genny Hire is a well-established plant hire company which has continued to develop and expand since first opening its doors in 2008.
Subsea Expo postponed due to Covid-19 restrictions
Organisers of Subsea Expo have opted to postpone the 2021 showcase due to the recent tightening of Covid-19 restrictions.
International SOS: Building resilient workforces
The Covid-19 pandemic has been one of the most impactful influences on the global workplace in recent years. Not since the advent of PCs and the introduction of the internet and email have organisations from every sector felt such a dramatic change in the way they work.
Rystad revises peak oil prediction, says demand wont return to pre-Covid levels until 2023
Global oil demand is expected to peak at just over 102 million barrels per day (bpd) by 2028, two years earlier than originally thought.
Oil falls to five-month low as lockdowns and Libya spook market
Oil kicked off what promises to be a turbulent week of trading by plunging to a five-month low as a continued increase in Libyan crude production coincided with a wave of new virus-lockdown measures in Europe.
Shell reassures workers amid concerns about Covid day rate pay
Shell has moved to reassure offshore workers that they will receive their full day rate, even if they’re forced to return home due to Covid-19 concerns.
Updated: Oil trims losses after plunging to four-month low on virus fears
Oil futures bounced back from session lows as stronger-than-expected US economic growth data and signs that Europe may get more stimulus offset some of the fallout from renewed lockdown restrictions.
Covid-19 may stunt electricity demand for years
Electricity demand is unlikely to return to normal levels even after the development of a coronavirus vaccine, according to a new report by scientists from Columbia University.
Hunting cuts global workforce by 30% since start of year in response to ‘challenging environment’
International energy services provider Hunting has made further job losses as it continues to battle the dual impact of the Covid-19 pandemic and the oil price slump.
Unburdened by huge write-offs and impairments, BP returns to profit in third quarter
Energy giant BP returned to profit in the third quarter of 2020 as the firm benefitted from the absence of the huge write-offs and impairments which dented its previous results in August.
Report highlights ‘very worrying signs’ for North Sea employment
Industry body Oil and Gas UK (OGUK) said today it is seeing “very worrying signs” for employment in the North Sea sector.
Shell announces plan to begin pre-mobilisation Covid-19 testing, confirms outbreak on Brent Charlie
Shell has announced plans to begin testing North Sea workers for Covid-19 before they head offshore.
Aberdeen worst in UK for job opportunities, new figures show
Aberdeen faces a “tough winter ahead” as new figures show job opportunities in the city are the worst in the UK.
Rising numbers of North Sea oilfield service firms in ‘crisis mode’
A restructuring specialist has warned more North Sea oilfield service firms are “operating in crisis mode” and that he expects to see higher levels of insolvencies next year.
Chancellor makes job support scheme ‘more generous’
Billions of pounds of extra help has been announced for firms and workers hit by coronavirus restrictions.
Global supply chains in a post pandemic world – dealing with disruption in the energy sector
This article is intended as a quick legal guide of some key points for busy Energy executives who need to manage business risk exposure when global supply chains are disrupted.
Covid safety, cleaning fears mount for North Sea workers
Trade union chiefs said yesterday that offshore workers have “a lot of concern” about North Sea firms’ ability to keep a lid on Covid-19 while increasing crew numbers on platforms.
‘Not coping’: HSE slams firms over offshore Covid risk to crew
The UK’s workplace safety watchdog has accused two offshore energy sector firms of putting crew at “serious risk” of catching Covid-19.
North Sea industry ‘still in control’ despite recent Covid resurgence
North Sea safety bosses have insisted the oil and gas industry is “still in control”, despite a recent resurgence of Covid-19 offshore.