The North Sea should not run “into a pit of lowest price bidding” just because the supply chain is stressed with the oil price drop, according to the chief operating officer of Independent Oil and Gas (IOG).
The first quarter of 2020 was a salutary lesson in how quickly long-term trends can be disrupted by current events.
Drilling firm Valaris has informed staff it could make hundreds of redundancies as rig contracts have dried up due to the recent slump in oil prices.
Production on a North Sea vessel has been shut down in response to the removal of a crew member with “flu-like symptoms”.
Oilfield services firm Petrofac will put about 200 north-east staff members on furlough as part of its response to the Covid-19 outbreak.
A worker on BP's Clair Ridge project has tested positive for coronavirus.
Oil and gas operator Taqa has confirmed a further seven suspected cases of coronavirus on a North Sea platform - taking the firm's total to 20 across two assets.
Dutch marine services firm Fugro has announced it is taking a series of “painful measures” in response to the Covid-19 outbreak, including job cuts.
A toxic cocktail of the Covid-19 outbreak and an act of self-sabotage by two of the world’s biggest oil nations has created unprecedented and overwhelming currents for the oil and gas industry to swim against.
Bosses at US oilfield equipment firm Dril-Quip have claimed Aberdeen has a "whinge and whine culture" in a shocking, leaked video.
A month after the last unproductive OPEC+ meeting and with Covid-19 slashing demand amid the ongoing price war, the US has managed to broker a new extraordinary meeting for oil-producing nations. Russia and Saudi Arabia will be back to the negotiating tele-table on 6 April 2020 to discuss the output cuts of at least 10 million barrels per day (bpd), first announced by US President Donald Trump on Twitter on 2 April 2020.
A workers who was airlifted from a UK North Sea platform has tested positive for the Covid-19 virus.
A number of North Sea oil fields will be facing a swifter end to their economic life due to the recent oil price drop, according to a leading petroleum economist.
Oil and Gas UK (OGUK) has insisted temperature checks and social distancing “do work” as a Covid-19 safety measure for offshore helicopter flights, despite concerns from workers and unions over the practices.
The “extremely challenging” conditions presented to the North Sea industry “emphasises the need” for the government’s promised oil and gas sector deal, according to EY.
Investing in capital markets is, speculators aside, a long- term play. When times are good investors can relax and take pleasure in their investment prowess; when times are bad investors need to remind themselves, they are in for the long term, and play to the fundamentals.
Tests to help safeguard North Sea oil and gas workers against the outbreak of Covid-19 are “at long last becoming available”, according to a trade union boss.
BP is adjusting the company's offshore procedures after several workers who had previously been aboard a production platform in the Gulf of Mexico tested positive for the coronavirus.
Aberdeen-headquartered energy services firm Wood has said “employee reductions are being made” in order to tackle the effect of the coronavirus outbreak.
A key climate summit in Glasgow has been postponed until next year due to the coronavirus outbreak.
The uncertainty surrounding the coronavirus pandemic could be a “moment to reassess” for many smaller North Sea oil and gas firms overlooking the energy transition, a top energy analyst has said.
Offshore engineering firm Aker Solutions expects revenues to decline thanks to "considerably" reduced activity from operations due to the Covid-19 pandemic fallout.
Energy giant BP has announced a 25% cut in spending in response to the coronavirus outbreak.
Neptune Energy’s UK boss said on Tuesday that talk of the North Sea oil and gas industry being wiped out by a collapse in crude prices is premature.
The Fatal Accident Inquiry (FAI) into a North Sea helicopter crash in 2013 has been delayed due to the coronavirus outbreak.