More than 11,000 people have signed up to take part in a virtual lobbying of MPs to call for a green-focused recovery to the coronavirus pandemic that tackles the climate and nature crises.
After months of empty roads, lockdowns were easing and people were getting behind the wheel again. A station in Northern California was selling gasoline for a whopping $5.98 a gallon.
A multi-million pound Barnett formula transfer will be used by the Scottish Government to help high energy usage businesses cut emissions.
A global procurement chief at BP has said sending letters to suppliers demanding price reductions is “disrespectful” and “absolutely the wrong thing to do" for the oil and gas industry.
Hefty investments and lengthy contract wins have put Brimmond Group in a “strong financial position” from which to ride out the latest oil industry downcycle, bosses said.
Against the backdrop of current circumstances in the oil market, it is increasingly hard to predict what the future holds for the decommissioning industry. The oil price will have a significant effect on depleted and marginal fields and may push already conservative profit-making operations into the red. This, combined with COVID-19, has created more of an impasse for the market than arguably seen before.
Repsol Sinopec Resources UK (RSRUK) has confirmed it will decommission a pair of North Sea fields after Premier Oil called time on its Balmoral Area.
Serica Energy has announced its maiden dividend to “reward shareholders” despite the challenges of Covid-19.
Xergy has appointed a new chief technology officer to oversee Proteus, its new resourcing tool aimed at acquiring a large chunk of the oil and gas sector's "gig economy" market.
The oil price crash wiped $1.6 trillion off the valuation of the global upstream industry, according to energy researcher and consultancy Wood Mackenzie.
As oil prices tick up to $40 a barrel following a pandemic-induced plunge, there’s a sense the shale industry is snapping back to life with Continental Resources Inc., EOG Resources Inc. and Parsley Energy Inc. all saying they’re restarting closed wells.
The coronavirus pandemic, together with a global collapse in oil price, has seen the offshore industry experience hugely turbulent times during the first half of 2020.
A “marked increase” has been noted in the number of workers going out to North Sea platforms, according to industry chiefs.
Shell will announce a major restructuring by the end of the year, according to a news report, as the firm makes a shift for the energy transition.
Oil and gas operators are “much more likely” to break contracts, change suppliers or alter prices than service firms in response to the downturn, according to a new study.
It has been another eventful couple of weeks in the global energy sector. The COVID-19 situation continues to create havoc across the world, as countries deal with the fall-out of the health crisis and associated economic impact.
Premier Oil has decided to end production at its Balmoral Area earlier than expected due to the Covid-19 pandemic and global downturn.
The Health and Safety Executive (HSE) has revealed it prevented more than a million dodgy Covid-19 face masks from reaching the UK supply chain, with many headed for the North Sea oil and gas industry.
Chrysaor, the North Sea's largest net producer, has cut spending plans by 30% in response to the Covid-19 pandemic, bringing delays to growth projects.
Weak gas prices saw profits slip at Chrysaor last year, who recently became the largest net producer in the UK North Sea.
A new report from the Scottish Trades Union Congress (STUC) has claimed that the country’s renewable energy employment figures have flatlined since 2014.
Private equity-backed operator Neptune Energy has announced proposals to cut 400 jobs globally, representing around a fifth of its workforce.
Aberdeen-headquartered energy services firm Wood has announced multi-million pound cost savings and an increased renewable energy contracts since the start of 2020.
An appeal has been made to help families of Piper Alpha victims pay their respects in an upcoming memorial service.
The North Sea energy industry is facing some of its “most difficult and most testing challenges” ever as it today marks 45 years since first oil was landed in the UK.