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.
EnQuest has revealed plans to temporarily leave a pair of 1,200-tonne oil storage tanks from its Thistle platform at the bottom of the North Sea after structural concerns forced their removal.
Officials from Mozambique have showcased the level of investment in the prolific Rovuma basin in a bid to attract the expertise of North Sea companies to its supply chain.
A leading North Sea safety specialist has spoken out on his battle with Motor Neurone Disease (MND) and his hopes to raise awareness of the terminal illness.
DNO, which took over Aberdeen-based Faroe Petroleum last year, has taken £112million of impairments costs related to its newly-acquired fields in the North Sea.
The chief executive of Maersk Drilling has said they “need to get the numbers up” after new figures laid bare the level of gender disparity within the firm.
The boss of energy giant Shell has said he sees “no reason” to change its investment plans for the North Sea, despite a number of climate protests against the UK oil and gas business.
Serica Energy will shut down three North Sea fields for two months after discovering an underwater structure at its Bruce platform had become “deteriorated”.
A “knee-jerk” reaction from investors to a combination of factors including recent results, Brexit and the coronavirus have been blamed for a 20% slide in Hurricane Energy’s share price.
Customers have been paying too much for their electricity for seven years because regulator Ofgem set the bar too low for networks, the spending watchdog has said.