People questioning the oil and gas industry’s sustainability is not a new phenomenon. Far from it. For years oil companies, governments, investors and other stakeholders have questioned the sustainability of the industry and the need to address environmental, social and governance issues (ESG).
Specialist rig inspection company Aberdeen Drilling Consultants (ADC) has been helping hundreds of oil workers around the world learn how to maintain drilling operations since the onset of Covid-19.
Hunting laid off about 20 employees in the north-east during the first half of 2020 as the Covid-19 pandemic and oil price drop caused demand to falter.
Global Engineering and Construction (E&C) has “reshuffled” its north-east facilities footprint in an effort to “stabilise” the company amid the Covid-19 and low oil price crisis.
Europe’s plan to put a price on dirtier imports risks getting caught up in global trade tensions as the fallout from the coronavirus pandemic eclipses climate change as the biggest challenge for governments.
Oil fell as economic signals out of Europe and Asia flashed warning signs about the rebound in crude consumption.
Big Oil is tapping Big Tech to keep drilling off the shores of Brazil even as the global pandemic traps workers at home.
President Donald Trump helped to clinch an unprecedented deal among the world’s largest crude producers, but the pact hasn’t stopped America’s oil industry from bleeding.
Bosses at Prosafe have lamented a “lost year” after it slumped to pre-tax losses of £683 million ($895m) in the first half 2020.
The drive to ensure the UK oil and gas sector is taking collective action to stimulate its own recovery will be thrown into focus in an industry webinar next week.
Foreign investors have become increasingly concerned about Tanzania since the election of John Magufuli to the presidency in 2015.
Oil fell below $42 a barrel in New York as OPEC+ gathered to assess its supply deal, with countries struggling to contain the virus that’s hurt economies and fuel demand globally.
Perenco UK fell to losses of £113.2million for the period prior to the outbreak of the Covid-19 pandemic.
Making asymptomatic testing available for all offshore workers could be critical in ensuring the industry can meet increased energy demands during the winter months, according to safety bosses.
Maersk Drilling fell to a pre-tax loss of £1.18 billion in the first half of 2020 due to a hefty impairment linked to the Covid-19 outbreak and oil price drop.
Oil declined as investors assessed the International Energy Agency’s reduced forecasts for global oil demand in part due to a slowdown in air travel.
Wind and solar energy doubled its share of the global power mix over the last five years, moving the world closer to a path that would limit the worst effects of global warming.
Helicopter operator NHV improved the Covid-19 cleaning regime at its Aberdeen base after being pulled up by the UK's health and safety watchdog.
ABN AMRO is pulling out of its trade and commodity financing, while cutting its natural resources and transportation and logistics work to European clients only.
An offshore safety boss has blamed a local outbreak in Aberdeen for a rise in the number of North Sea workers that have come into contact with people showing symptoms of Covid-19.
A marine and risk consultancy firm is offering struggling businesses in the north-east a helping hand to try and support them through the pandemic.
No company has been immune from the headwinds facing the global oil industry, even Saudi Aramco.
Fuel retailers overcharged motorists when the coronavirus lockdown was introduced by failing to fully pass on savings, according to analysis.
UK listed oil and gas companies recorded more profit warnings in the second quarter of 2020 than in the whole of last year, according to a new report by EY.
Shares in Simec Atlantis Energy, which operates the MeyGen tidal array in the Pentland Firth, plummeted today.