How investment in renewable power generation will strengthen Caribbean and Latin American economies
Over the last year, labour markets in Latin America and the Caribbean have faced an unprecedented unemployment problem.
Covid-19
After historic fall, carbon emissions are now coming back fast
Pandemic restrictions in 2020 caused the largest absolute drop in carbon-dioxide pollution from energy use since World War II.
India’s biggest oil retailers are focusing on rural revival
If there’s one part of India’s economy that’s been relatively unscathed by the devastating impact of Covid-19 it’s the vast rural hinterlands. And the country’s biggest fuel retailers are sitting up and taking notice.
Government quarantine rules pushing oil workers and families to ‘breaking point’
An oil boss has warned that government hotel quarantine rules are pushing north-east workers and their families to “breaking point”.
Exclusive: Energy firms learning to cope with ‘certainty of uncertainty’, survey reveals
Energy firms have learned to adjust to the “certainty of uncertainty”, according to a new study.
Training for a changing industry
It would take a brave person to make a firm prediction as to what the energy industry will look like in the coming years.
IOCs primed for record numbers after ‘toughest year ever’ – Wood Mackenzie
International oil companies (IOCs) could be on track for record free cash flow this year should Brent continue its rise, according to Wood Mackenzie.
TechnipFMC ‘well-positioned’ to benefit from market improvements despite slumping to huge losses
Bosses at TechnipFMC are confident the energy services giant is “well-positioned” to benefit from the “improved market outlook” in the coming months.
Subsea 7 reports losses of £750million, warns Covid will impact 2021 results
Subsea 7 has reported a major widening of pre-tax losses and warned that its 2021 results will continue to be impacted by Covid-19.
Energy sector deal to be published by end of next month, Westminster confirms
The UK Government has given fresh commitments that the planned North Sea transition deal will be delivered by the end of next month.
Wintershall Dea losses top £1billion as Covid cuts oil and gas prices
Wintershall Dea of Germany saw losses widen to more than £1billion in 2020 as Covid-19 brought down commodity prices.
Whispers of $100 oil return as crude shakes off Covid’s clasp
While oil’s dizzying collapse is still fresh for many traders, rumblings are starting to emerge that by the end of next year prices could once again top $100 a barrel.
‘Economic fallout’ in Aberdeen laid bare
A leading Scottish economist has said the greater exposure to the “economic fallout” of the Covid-19 crisis suffered by Aberdeen and wider north-east, compared with other parts of the country, must not be forgotten in post-pandemic rebuilding efforts.
Employers very wary of ‘no jab, no job’ policy, says top oil and gas lawyer
Most oil firms would be “very wary” of trying to enforce a “no jab, no job” vaccine policy for its workforce, according to a top employment lawyer.
Ithaca reducing manning level on North Sea platform after Covid-19 outbreak
Ithaca Energy is reducing the number of crew on one of its North Sea installations after a Covid-19 outbreak.
John Swinney accused of ‘dithering’ over offshore worker quarantine exemption
John Swinney has been accused of “dithering” over a coronavirus quarantine exemption for oil and gas staff amid growing anger over a lack of clear answers for workers and their families.
Holyrood to ‘consider’ quarantine exemption for Scots returning from overseas oil jobs
Nicola Sturgeon said today that the Scottish Government would “consider” excusing Scots from having to quarantine in hotels on their return from overseas oil jobs.
Aberdeen chauffeur shares tales of transporting oil and gas workers during pandemic
An Aberdeen chauffeur firm carried out two roundtrips of more than 1000 miles in as many days as part of efforts to help oil and gas workers during the pandemic.
Strict Scottish quarantine rules slammed by union chief
A trade union boss says making Scots go into quarantine hotels when they return from overseas oil jobs is “utter madness”.
Concern over quarantine impact on Scots returning from oil jobs overseas
Scottish residents who travel abroad to work in the oil and gas sector will be required to quarantine upon their return.
Aker Solutions to double down on energy transition opportunities after tough financial year
Aker Solutions is looking to capitalise on the “increasing pace” of the energy transition after its balance sheet took a hefty knock in 2020.
Aberdeen helicopter firm staff isolating after positive Covid tests
A number of staff at an Aberdeen-based helicopter firm are self-isolating after testing positive for Covid-19.
Oil price red-hot rally fizzles with virus continuing hold on market
The oil price slipped below $58 a barrel as a recent rally fizzled with the Covid-19 pandemic continuing to weigh on the demand outlook and as one technical indicator signaled prices may have climbed too far, too fast.
BP to reduce number of workers on ETAP after three further Covid-19 cases on board
BP is reducing the number of workers on one of its North Sea platforms after an increase in the number of Covid-19 cases recorded on board.
Petroleos Mexicanos employee deaths are accelerating with new Covid-19 wave
Covid-19 deaths at Mexico’s state-owned oil giant accelerated last month at the fastest pace since August amid a second wave of infections in the nation.