‘Unprecedented’ oil downturn demand to bring boost for Presserv
An “unprecedented” number of enquiries amid the latest oil downturn is expected to see an Aberdeen-based business nearly double its headcount and boost turnover.
An “unprecedented” number of enquiries amid the latest oil downturn is expected to see an Aberdeen-based business nearly double its headcount and boost turnover.
Demand for hydraulic fracturing services in shale plays across the United States is expected to reach rock bottom in May and stay low in the summer before a recovery begins in the fall, the Norwegian global energy research firm Rystad Energy reported.
U.S. oil prices aren’t expected to repeat last month’s unprecedented collapse into negative territory, industry experts say, because the nation’s stockpile has slowly decreased, easing a storage crisis, while traders “learned their lesson.”
A redeveloped Highland port is aiming to use a stricken cargo ship to showcase its credentials for oil and gas decommissioning.
Elevator, the Aberdeen-based business support organisation, said yesterday it had won a “major” contract to help Scotland achieve its net zero carbon ambitions.
Aberdeen-based offshore catering firm ESS Support Services Worldwide has announced plans to cut dozens of jobs due to a “dramatic decrease” in demand.
Aberdeen-headquartered Stena Drilling has lost a legal case over "mass layoffs" on a North Sea rig but vowed to take its fight further to Norway's Supreme Court.
Aberdeen-based oil and gas support vessel operator North Star Shipping has told crews it plans to make around 100 people redundant.
The UK’s crippled offshore helicopter sector faces more financial restructuring, “opportunistic M&A” and possibly even government intervention, according to new analysis.
An Aberdeen oil worker who was recently made redundant from Halliburton due to Covid-19 has now set up his own hand sanitiser business to help tackle the virus.
A pair of oil rigs lying idle in Invergordon sank Awilco Drilling to losses of £7.5million in the first quarter of 2020.
Offshore workers have said they’ve been “dumped” by a major recruitment firm after it decided not to offer the UK furlough scheme due to holiday pay concerns.
New analysis has outlined “huge concerns” for UK taxpayers around whether oil and gas firms will be able to meet their hefty decommissioning costs, with some rising above their company market values.
The swift oil price crash caused by the Covid-19 pandemic will reduce the combined free cash flow of FPSO fields, which have produced above three quarters of their original resources at just $2.20 per barrel this year. This is a jaw-dropping decline from 2019’s $11.10 per barrel, a Rystad Energy impact analysis reveals.
When the pandemic is all over will society go back to driving cars and hopping on planes with nary a worry as it did just two short months ago?
The energy world is riven by many contradictions that are making the climate change-driven transition to a low-carbon world difficult.
Drilling contractor Archer is to cut between 12-15% of its global workforce of 5,000 as a result of the oil price crash and Covid-19 pandemic.
An annual mentoring programme for project managers in the UK oil and gas industry has launched for a sixth consecutive year.
A warrant to demolish the former Amec Foster Wheeler building in the south of Aberdeen has been approved.
The dust might be starting to settle on some issues around Covid-19, but the impact it may have on North Sea decommissioning is very much up in the air.
Scotland’s energy minister said work to “flesh out actions” to protect jobs and accelerate the transition to low carbon fuels is underway, following the first of several industry crisis talks.
Tensions are rising in the resource-rich South China Sea following a recent standoff between Kuala Lumpur and Beijing over Malaysian oil and gas exploration.
Maersk Drilling has announced it plans to make up to 170 onshore job cuts as it adapts to the Covid-19 outbreak and oil price crash.
Oil headed for its first back-to-back weekly gain since February as output cuts from the biggest producers and a nascent recovery in demand began to rebalance a market awash with crude.
US energy firm Apache took a £3.6billion pre-tax loss in the first quarter of the year as the oil price crash hit the value of its assets.