North Sea worker tests negative for coronavirus
A North Sea worker suspected of carrying the coronavirus has been given a clean bill of health.
oil
Updated: North Sea drilling rig’s crane collapses
A crane on a drilling rig in the UK North Sea has collapsed, shocking images show.
RBS to stop funding major oil producers without a climate plan
The Royal Bank of Scotland is to stop financing oil majors such as Shell and BP, unless they can satisfy the bank that their businesses are in line with the Paris climate agreement.
Texas oil hall of famer Clayton Williams dies aged 88
A Midland legend passed away Friday night.
Fading hope for emergency OPEC+ meeting caps oil’s advance
Oil was steady after the biggest weekly gain since September as hopes for an OPEC+ emergency meeting on the virus faded, while investors assessed Chinese stimulus measures to soften the outbreak’s economic impact.
Oil set for weekly gain after finding floor amid virus confusion
Oil headed for its first weekly gain since early January after prices found a floor amid uncertainty over how the coronavirus will play out and whether OPEC+ will respond with additional production cuts.
North-east headteacher says oil-rich parents don’t see problem with children playing truant
A north-east head teacher has claimed that some parents who got rich working in oil “don’t see the value” in making their children attend school.
North Sea explorer reveals plans for secondary listing, shares drop in London
Shares in i3 Energy dropped this morning after the North Sea oil and gas explorer revealed plans for a secondary listing.
Debt deal bolsters ICR balance sheet
Energy service firm ICR Integrity managed to bolster its balance sheet with a debt-for-equity swap deal, its latest accounts show.
Oilfield service sector margins ‘stubbornly depressed’, EY report says
A report out today from EY says “green shoots” of recovery in the UK oilfield services (OFS) sector are struggling to flourish.
Updated: Aberdeen oil minnow reels in buyer for North Sea discovery
An oil and gas industry veteran who “hails from north-east fishing stock” has reeled in a buyer for his firm’s southern North Sea discovery.
Updated: North Sea shares climb despite forecast for lower output
Shares in EnQuest climbed today despite the company indicating production would drop slightly this year in light of North Sea platform shutdowns.
Ithaca looks to sanction second phase of Captain EOR project
Ithaca Energy has confirmed plans to sanction phase two of an enhanced oil recovery (EOR) project on the Captain field in the North Sea.
Tributes paid to Piper Alpha doc
Tributes have been paid to an “innovative” Aberdeen doctor who was on the frontline helping victims of the Piper Alpha disaster.
North Sea contract award sets ‘alarm bells ringing’
A North Sea deal between one of the basin’s biggest producers and a little-known consortium has set “alarm bells ringing” in the UK offshore oil and gas sector, a trade union boss has said.
How can a virus affect the oil price?
Since mid-January, the Brent Crude oil price dropped about 10%, from $65 to $57 as of Friday morning. The reason for this is the outbreak of the new coronavirus in China. How can a virus affect the price of oil?
Updated: Virus-induced oil price slump harks back to Sars, Aberdeen oil experts say
Oil and gas shares were hit yesterday by a drop in crude prices brought on by the deadly Coronavirus outbreak originating in China.
Repsol Sinopec going after more Blake field oil
Repsol Sinopec Resources UK (RSRUK) has submitted a key document for a project aimed at boosting production from the Blake field in the central North Sea.
Oil and gas employers paying lip service to training, survey shows
Oil and gas industry professionals have raised concerns about employers paying lip service to training and development opportunities in a new survey.
Simplification, sales and scope 3: Key priorities for BP’s new CEO
BP’s new CEO needs to “push” the energy transition agenda further to stop the supermajor falling foul of investors, particularly in Europe, analysts have said.
Trade bodies join forces to ‘eliminate’ offshore helicopter deaths
Two global industry bodies have joined forces in a bid to “eliminate fatalities” from offshore oil industry helicopter transport.
Creditor vows to pose ‘series of questions’ about Premier Oil deals
Premier Oil’s largest creditor is refusing to back down in its challenge to the company’s planned acquisitions and debt maturity extensions.
Exxon Mobil ‘poised’ to kick off UK North Sea, Germany sales
Exxon Mobil Corp. plans to start gauging buyer interest in its U.K. and German upstream operations in the coming weeks as the oil major continues to divest overseas assets, people with knowledge of the matter said.
Chrysaor hands in decom plan for southern North Sea platform
Chrysaor has submitted its decommissioning plans for a southern North Sea platform to the UK Government.
Shell agrees farm-in for UK North Sea licences
Oil major Shell will farm into a pair of UK North Sea licences currently held by Egdon Resources.