Captaining a North Sea emergency vessel during Covid-19 lockdown
The work of emergency response and rescue vessels (ERRVs) is just as essential now as it was prior to the covid-19 outbreak, according to the captain of one such ship.
The work of emergency response and rescue vessels (ERRVs) is just as essential now as it was prior to the covid-19 outbreak, according to the captain of one such ship.
Serica Energy’s 13million barrel Columbus gas project in the North Sea is facing potential delays due to the Covid-19 outbreak.
Serica Energy has hailed “exceptional” results after nearly tripling its pre-tax profits in its first full year of operatorship for its Bruce, Keith and Rhum (BKR) assets in the North Sea.
Offshore platforms in the UK North Sea “face the risk of production shut-ins” due to oil storage constraints, according to leading analysts.
Italian energy services firm Saipem said its outlook is “good” but the recent deterioration of the oil market sunk the company to a loss in the first quarter of the year.
Oil extended its recovery from Monday’s plunge below zero but remained under intense pressure from a swelling global supply glut.
Equinor ASA, Norway’s biggest oil company, cut its dividend by two thirds as it grapples with an historic rout in the crude market.
Oil in London tumbled to the lowest in almost 21 years as the global benchmark was sucked into the rout that sent U.S. futures below zero for the first time ever this week.
Oil majors BP and Shell were among the fallers as the FTSE 100 Index slid by 171.80 points, or nearly 3%, to 5,641.03 yesterday.
Aberdeen’s importance as a global oil hub may reduce as firms take steps to protect against multiple waves of Covid-19, according to an energy consultancy.
A leading petroleum economist has said it would “require something cataclysmic” for the international oil benchmark to follow that of the US into negative pricing.
The prime minister and first minister have both been urged to announce cash to bolster the north-east energy industry.
The recovery from the coronavirus pandemic must put the world on track to a greener future, it has been urged, as online events mark Earth Day.
Oil rebounded in Asian trading, after plunging below zero for the first time in history amid rapidly filling American storage tanks, as the U.S. benchmark’s May contract entered its final trading session.
The day started like any other gloomy Monday in the oil market’s worst crisis in a generation. It ended with prices falling below zero, thrusting markets into a parallel universe where traders were willing to pay $40 a barrel just to get somebody to take crude off their hands.
The oil and gas industry shed nearly 51,000 drilling and refining jobs in March, a 9% reduction that is likely to get worse as futures prices fell into negative territory Monday.
A “significantly reduced” Shell team is still managing to land gas at one of the UK’s major terminals in Aberdeenshire, despite the Covid-19 outbreak.
Incredible footage has been captured of a pod of whales near a North Sea oil platform.
Oilfield services giant Halliburton fell to a $1billion (£804.5m) net loss in the first quarter of the year, warning it “expects a further decline in revenue and profitability” as 2020 goes on.
Aberdeen event organisers have offered little sign of normality resuming after deciding an event five months away should be held virtually.
Energy giant BP has said it will “never forget the 11 people who lost their lives, nor the damage caused” in the Deepwater Horizon disaster exactly 10 years ago.
The Deepwater Horizon disaster forced the UK North Sea to “sharpen up its act”, reminding the sector of the “consequences of getting things wrong”, according to industry leaders.
Schlumberger, the largest oil field service company, said Friday it lost $7.4 billion in the first quarter. Then its CEO said the second quarter will be worse.
Employment lawyers have criticised a lack of clarity in the government’s coronavirus jobs retention scheme, highlighting it is unlikely to prevent “difficult decisions” for the oil and gas sector.
The son of the legendary founder of Hin Leong said the Singapore oil trader hid about $800 million in losses racked up in futures trading, suggesting a much bigger hole in the company’s finances than thought, according to people with knowledge of the matter.