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.
UK North Sea oil firm Tailwind Energy is celebrating production from a new well on the Bittern field.
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.
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.
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.
US oil major ExxonMobil was in the red in the third quarter as it showed the effects of lower oil production and prices.
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 and gas extraction jobs in September, the first uptick since the coronavirus pandemic broke out nationally.
Oil tumbled along with broader markets as swelling U.S. crude stockpiles added to uncertainty over the economic impact of rising coronavirus cases worldwide.
BP chief executive Bernard Looney today described the firm’s hydrocarbons division as the “engine room” of the business.
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.
Industry body Oil and Gas UK (OGUK) said today it is seeing “very worrying signs” for employment in the North Sea sector.
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 faces a “tough winter ahead” as new figures show job opportunities in the city are the worst in the UK.
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.
The “bravery” of both pilots in the moments after the crash was highlighted in the court ruling.
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.
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 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.
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 advanced to the highest in two weeks as Hurricane Delta heads toward the energy-producing Gulf of Mexico region.
Tony Durrant said he was “disappointed” that Premier Oil’s acquisition of BP’s stakes in the Andrew and Shearwater fields had been derailed.
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.
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.
Stewart Milne vividly remembers the impact which the discovery of the Forties Field in the North Sea had on the region when he and his generation grew up.