Shell plans ‘major restructuring’ in net zero push: Report
Shell will announce a major restructuring by the end of the year, according to a news report, as the firm makes a shift for the energy transition.
Shell will announce a major restructuring by the end of the year, according to a news report, as the firm makes a shift for the energy transition.
Oil and gas operators are “much more likely” to break contracts, change suppliers or alter prices than service firms in response to the downturn, according to a new study.
Premier Oil has decided to end production at its Balmoral Area earlier than expected due to the Covid-19 pandemic and global downturn.
The Brent Alpha platform has become the third installation to be removed from Shell’s famous North Sea field.
Chrysaor, the North Sea's largest net producer, has cut spending plans by 30% in response to the Covid-19 pandemic, bringing delays to growth projects.
Weak gas prices saw profits slip at Chrysaor last year, who recently became the largest net producer in the UK North Sea.
Private equity-backed operator Neptune Energy has announced proposals to cut 400 jobs globally, representing around a fifth of its workforce.
BP-scale job cuts of 15% worldwide is a “good ballpark” estimate for every oil major, according to consultancy Rystad Energy.
An appeal has been made to help families of Piper Alpha victims pay their respects in an upcoming memorial service.
Decommissioning specialist Petrodechas completed a skidding operation to remove the Perenco-operated Pickerill A platform in the North Sea.
The Oil and Gas Authority (OGA) has warned UK decommissioning spending will fall short of estimates over the next two years, bringing concerns of a “significant impact” on suppliers.
Chinese oil firm Cnooc has appointed a new managing director to lead its North Sea business in Aberdeen.
The North Sea energy industry is facing some of its “most difficult and most testing challenges” ever as it today marks 45 years since first oil was landed in the UK.
North Sea veteran Ray Riddoch has joined the board of px Group, which operates the St Fergus gas processing plant near Peterhead, to help drive forward its offshore ambitions.
Energy giant BP is ”getting to grips” with a slump in the value of its offshore assets, with some now worth nothing at all, an industry expert said last night.
Helicopter group NHV has landed a five-year North Sea contract extension with Ithaca Energy.
New research has named ExxonMobil as the least "resilient" supermajor to weather the current oil downturn.
Widespread decommissioning deferrals could lead to a “wave of idle iron” in the UK and globally as companies rush to preserve cash and potentially shut down uneconomic oil platforms, according to new analysis.
A £62million Scottish Government support package has been unveiled to help oil and gas firms make a green recovery from the Covid-19 crisis.
Energy services firms Wood and Global Energy Group have praised a new £62m Scottish Government package, saying it will “build momentum” towards a "true energy transition".
Sir Ian Wood, chair of economic development body Opportunity North East (ONE), comments on the Energy Transition Fund announcement from the Scottish Government.
Engineering giant Worley has cut another 1,900 jobs globally in response to the Covid-19 crisis.
Stena Drilling has appealed a legal decision which found “mass layoffs” on one of its North Sea rigs was in breach of Norway’s employment rules.
Neptune Energy’s exploration vice president is leaving her role as the company shifts focus to “activities that will deliver the most value” amid the oil downturn.
Pilots were “distracted” by incorrectly positioned cranes leading to a helicopter landing on the wrong oil platform in the North Sea, according to investigators.