Perenco UK falls to £113million pre-Covid losses, aims to reduce £1.5bn decom bill
Perenco UK fell to losses of £113.2million for the period prior to the outbreak of the Covid-19 pandemic.
Covid-19
Asymptomatic testing could be key in meeting increased energy demand during autumn and winter
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.
Impairment drives Maersk Drilling deep into the red
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.
Bilfinger reveals more than 2,500 job cuts since start of 2020
Bilfinger has revealed it has shed nearly 2,600 jobs globally since the start of 2020.
NHV boosts Covid-19 safety protocols after warning from HSE
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.
What next for net-zero? The status of transition in light of Covid-19
It is almost impossible to underestimate the impact of the Covid-19 pandemic. Not only have 13-million-plus cases of infection and more than 570,000 deaths been reported [July 2020], but the virus is still with us and it is still killing people in many parts of the world. Uncertainty about the future is high, despite moves towards reopening economies and success by some nations in bringing the virus under control within their borders. The uncertainty is compounded because many nations are still facing rapid growth in infection rates.
Rise in category B cases offshore attributed to Aberdeen Covid-19 outbreak
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.
North Sea ‘cannot afford bad practices’ in supply chain, warns Petrofac boss
A UK boss of Petrofac has warned the North Sea supply chain “cannot afford for bad practices to creep in during this moment of crisis".
Petrofac expects ‘bounce back’ for UK work in 2021
Petrofac is expecting areas of its business to “bounce back” in 2021, according to a UK boss, as it handles the effects of Covid-19.
Aberdeen shares top spot in UK for surge in unemployment claimants
Aberdeen shares top spot with Glasgow, Norwich and Slough in a league table of UK towns and cities seeing the biggest month-on-month increase in people claiming unemployment- related benefits.
Petrofac falls to loss on Covid impact, sets new gender and net zero targets
Petrofac has set new targets to reduce its emissions and increase the percentage of women in its senior roles within the decade.
Occidental posts $6.6billion charge after oil price crash
Occidental Petroleum Corp. reported a $6.6 billion writedown in the second quarter, equivalent to more than 40% of its market value, as the collapse in energy prices took its toll on the debt-laden U.S. shale oil producer.
Covid-related job losses approaching 100,000 in US oilfield services sector
Job losses related to the coronavirus pandemic are approaching the 100,000 mark for US oilfield services companies as layoffs continued to mount in July.
Aberdeen-based risk consultancy firm Marex offers support to small businesses and charities
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.
Borr Drilling appoints Patrick Schorn as new chief executive
Borr Drilling has appointed Patrick Schorn as its new chief executive officer, succeeding Svend Anton Maier who will remain with the company as a special adviser.
Fuel retailers accused of overcharging drivers during lockdown
Fuel retailers overcharged motorists when the coronavirus lockdown was introduced by failing to fully pass on savings, according to analysis.
Consolidation on the cards as UK listed oil firm profit warnings spike, EY says
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.
US Tech Entrepreneur Tom Siebel to give keynote at ENGenious Online 2020
A world leader in artificial intelligence (AI) and software development will give the keynote address at the ENGenious Online 2020 conference next month.
Petrofac shares details of potential upcoming contracts
Petrofac has shared details of a number of contracts that will potentially be put out to tender over the next year.
North Sea operators expected to adopt hybrid working practices
A leading IT expert expects North Sea oil and gas operators to adopt a hybrid of traditional and new working practices post Covid-19.
Cromarty Firth boss counters oil rig complaints: ‘Residents chose to live by industrial port’
A Cromarty Firth boss has replied to rising oil rig noise complaints, saying residents “have chosen to live on the shores of a busy, industrial port”.
Halliburton to shut main Aberdeen office
US oilfield services giant Halliburton has confirmed it will close its main UK office in Aberdeen.
Concerns around offshore maintenance backlog due to Covid-19 pandemic
Safety leaders have voiced concerns that a backlog of maintenance work may have built up offshore during the Covid-19 pandemic.
Shell CEO says ‘we will resize as appropriate’ as firm eyes job cuts
Shell CEO Ben van Beurden has said the energy giant will “resize as appropriate” as it moves to become a “simpler and leaner” organisation.
Repsol Sinopec says remote working has ‘improved performance’
Bosses at Repsol Sinopec Resources UK (RSRUK) are looking to push on with remote working practices after seeing an “improvement in performance” during the Covid-19 lockdown.