Warhammer owner becomes as valuable as parent of British Gas and Spirit Energy
The company that owns the Warhammer tabletop game has become as valuable as the owner of Britain’s largest energy supplier.
Covid-19
OGUK working with government on guidance to ease oil and gas lockdown
Trade body Oil and Gas UK (OGUK) said it is “continuing to work with the government” on sector-specific guidance for easing the lockdown in the industry.
Offshore helicopter chiefs lobby Westminster and Washington as firms fight to ‘survive’ downturn
Industry chiefs are fighting in Westminster and Capitol Hill to support global helicopter firms that operate in the UK North Sea, warning some “will probably not survive”.
‘We want to hear a Scottish voice’ on every overseas renewables project, trade body chief says
A future vision for exporting energy sector talent would “hear a Scottish voice” on every overseas renewables project, according to a trade body boss.
The long and winding road to recovery
In a recent article I described the mechanisms which drive the market structures of backwardation and contango, which explained how and why the market got into negative territory, with a steep contango forward curve. But having got there, how does that same understanding of market behaviour help us form a view of where we go from here?
Call to resurrect Scottish Government oil jobs taskforce as thousands face redundancy
A call has been made to resurrect a Scottish Government programme to protect oil and gas jobs as thousands of workers face redundancy.
Former Clair Ridge and Aasta Hansteen worker building mental health platform for oil industry
An oil worker who helped oversee construction of BP’s Clair Ridge and Equinor’s giant Aasta Hansteen installation is now building up a new mental health platform for the industry.
Scottish North Sea wind farm to resume construction after Covid-19 stoppage
A £2 billion Scottish wind farm development is to resume construction after the project was halted following the coronavirus pandemic.
As Covid-19 hits electric vehicles, some thrive, others die
Electric vehicles generally don’t coast; they are designed either to accelerate or brake at any given time. The electric vehicle market is much the same.
‘Unprecedented’ oil downturn demand to bring boost for Presserv
An “unprecedented” number of enquiries amid the latest oil downturn is expected to see an Aberdeen-based business nearly double its headcount and boost turnover.
Oil workers urged to put politicians on the spot with campaign to save jobs
A trade union today launched a major campaign to save tens of thousands of oil and gas sector jobs.
‘Desperate situation’ for North Sea oilfield service firms as furlough costing six figure sums
Many North Sea oilfield service firms are being left in a “desperate situation” over whether to axe staff or pay mounting maintenance costs to keep them on furlough.
WATCH: BP ushers in Covid-19 measures at North Sea ETAP field
Oil and gas giant BP has introduced a raft of measures to protect staff against the spread of the cornavirus at its North Sea ETAP field.
Wood plans more onshore redundancies due to ‘further project deferrals’
Aberdeen-headquartered energy services firm Wood has confirmed it will make more onshore redundancies as a result of reduced contracting and further project deferrals.
North Sea catering firm ESS plans dozens of job cuts
Aberdeen-based offshore catering firm ESS Support Services Worldwide has announced plans to cut dozens of jobs due to a “dramatic decrease” in demand.
Petrofac to ‘target additional savings’ as it looks to weather Covid-19 storm
Oilfield services firm Petrofac will "target additional savings" as the firm looks to weather the financial storm caused by the outbreak of Covid-19 and low oil prices.
North Star Shipping plans 100 job cuts due to oil downturn
Aberdeen-based oil and gas support vessel operator North Star Shipping has told crews it plans to make around 100 people redundant.
Businesses warned not to flout competition laws during coronavirus crisis
Following the Covid-19 outbreak, the Competition and Markets Authority (CMA), has indicated it will relax enforcement of the competition rules under certain circumstances.
UK oil industry deserves ‘pat on back’ for keeping crude flowing, Premier boss says
Premier Oil’s boss says the UK oil industry deserves a “pat on the back” for keeping production flowing during the Covid-19 lockdown.
HSBC sees oil and coronavirus virus turmoil boosting Middle East deals
A historic crash in oil prices and fallout from the coronavirus pandemic will accelerate asset sales in the Middle East and open up a gap for sovereign wealth funds to make “opportunistic investments,” according to HSBC Holdings Plc.
Unused oil rigs sink Awilco Drilling to losses of £7.5million
A pair of oil rigs lying idle in Invergordon sank Awilco Drilling to losses of £7.5million in the first quarter of 2020.
Offshore workers ‘dumped’ as Atlas Professionals flouts furlough while UK scheme is extended
Offshore workers have said they’ve been “dumped” by a major recruitment firm after it decided not to offer the UK furlough scheme due to holiday pay concerns.
Energy safety training firm Survivex reopens Aberdeen base
Offshore training provider Survivex has reopened its Aberdeen centre at reduced capacity to combat Covid-19.
Redundancy for ad hoc caterers as work dries up offshore
Catering firm Entier is making "ad hoc" offshore staff members redundant due to a “significant reduction” in demand for its services on oil rigs.
Unions to resist ‘crazy’ plan to scrap key North Sea workforce deal
Trade union bosses have vowed to “resist” oil and gas service companies’ “crazy” plans to scrap a UK North Sea collective bargaining agreement.