Decom timing frustrations forcing North Sea firms to look overseas
Frustrated by uncertainty around project schedules offshore UK, North Sea decommissioning firms are increasingly looking overseas for work, a sector chief said.
oil
Oil falls to five-month low as lockdowns and Libya spook market
Oil kicked off what promises to be a turbulent week of trading by plunging to a five-month low as a continued increase in Libyan crude production coincided with a wave of new virus-lockdown measures in Europe.
Tailwind Energy succeeds with new central North Sea well
UK North Sea oil firm Tailwind Energy is celebrating production from a new well on the Bittern field.
In the spotlight: Kishorn bosses say momentum building with major expansion on the horizon
Bosses at Kishorn Port say “momentum” is building as they work towards a multi-million pound extension of the drydock to capitalise on North Sea decommissioning.
Glengorm appraisal operations expected to start this month
Westwood Global Energy reports that as of October 28 there was one exploration well active in the UK. So far in 2020, four exploration wells have completed. There has been no appraisal drilling to date this year.
Versabar gears up for another crack at North Sea market
The US company best known for wielding a heavy-lift vessel whose huge, yellow trusses have drawn comparisons with McDonald’s Golden Arches logo is preparing to take another crack at the North Sea market.
Exxon posts third-quarter loss, thousands of job cuts on the horizon
US oil major ExxonMobil was in the red in the third quarter as it showed the effects of lower oil production and prices.
Updated: Shell’s high point for oil production probably came in 2019, CEO says
Shell chief executive Ben van Beurden said yesterday the “high point” for the Anglo-Dutch supermajor’s oil production had likely passed.
Texas added 700 oil extraction jobs in September, first uptick since the pandemic started
Texas added 700 oil and gas extraction jobs in September, the first uptick since the coronavirus pandemic broke out nationally.
Oil sinks with rising US stockpiles adding to virus woes
Oil tumbled along with broader markets as swelling U.S. crude stockpiles added to uncertainty over the economic impact of rising coronavirus cases worldwide.
Hydrocarbons business is our ‘engine room’, BP chief says
BP chief executive Bernard Looney today described the firm’s hydrocarbons division as the “engine room” of the business.
Unburdened by huge write-offs and impairments, BP returns to profit in third quarter
Energy giant BP returned to profit in the third quarter of 2020 as the firm benefitted from the absence of the huge write-offs and impairments which dented its previous results in August.
Report highlights ‘very worrying signs’ for North Sea employment
Industry body Oil and Gas UK (OGUK) said today it is seeing “very worrying signs” for employment in the North Sea sector.
Oil rigs run on AI ‘twins’ points to future hastened by Covid
The coronavirus crisis had a devastating effect on oil-company revenues, but it’s posed a tough human-resources problem too: how to keep workers safe on cramped rigs at sea where social-distancing is impossible.
Aberdeen worst in UK for job opportunities, new figures show
Aberdeen faces a “tough winter ahead” as new figures show job opportunities in the city are the worst in the UK.
Covid safety, cleaning fears mount for North Sea workers
Trade union chiefs said yesterday that offshore workers have “a lot of concern” about North Sea firms’ ability to keep a lid on Covid-19 while increasing crew numbers on platforms.
Bravery and presence of mind of crew praised
The “bravery” of both pilots in the moments after the crash was highlighted in the court ruling.
FAI results offer family of woman ‘no closure’
The family of a north-east woman who died in the Sumburgh helicopter tragedy say they have received “no closure” from the results of the fatal accident inquiry.
Covid and maintenance backlog balancing act putting workers at risk, union boss warns
A union boss said yesterday that the difficulty of balancing platform maintenance backlogs against the risk of Covid-19 outbreaks was putting North Sea workers in a “dangerous situation”.
Libya reopens biggest oil field, giving OPEC+ a new headache
Libya took a major step toward reviving its battered oil industry by reopening its biggest field, presenting a new headache for OPEC+ as the alliance of major producers tries to curb global supplies.
Norway Oil strike to end after mediation
A strike that shut down about 8% of Norway’s oil and gas output will end after successful mediation talks, said Norwegian Oil and Gas Association spokesman Kolbjorn Andreassen
Oil climbs with Hurricane Delta heading toward US Gulf
Oil advanced to the highest in two weeks as Hurricane Delta heads toward the energy-producing Gulf of Mexico region.
Premier boss expects ‘further talks’ on BP deal post-merger
Tony Durrant said he was “disappointed” that Premier Oil’s acquisition of BP’s stakes in the Andrew and Shearwater fields had been derailed.
Most US oil job losses in pandemic to remain
Almost three-quarters of the pandemic-driven jobs losses in the U.S. petroleum and chemical sectors may not come back before the end of next year, according to Deloitte LLP.
Sir Ian on why Forties field was a leap of faith for the city
It was a bold move into a brave new world; the discovery of oil in the Forties Field in the North Sea on October 7 1970.