A Scottish trade union has backed north-east MSP Lewis Macdonald in his call to the Scottish Government to help the North Sea oil and gas sector as it faces an "existential threat".
Oil prices flirted with the $40 per barrel mark on Tuesday amid speculation that quotas for international production cuts could be kept higher for longer.
Angola is in talks with some of its oil customers in a bid to restructure financing facilities, the Ministry of Finance has said, in order to “better reflect the current market environment and OPEC production quotas”.
UK decommissioning activity is expected to increase due to the effects of Covid-19, but threats to jobs and the longevity of skilled SMEs will impact the “capacity and capability” to carry it out.
Hibiscus Petroleum plans to move ahead with its Marigold project in the UK North Sea next year, with safeguards against delays around Covid-19.
A north-east hotel is believed to be the first in Scotland to take delivery of a “revolutionary” mobile decontamination device capable of combatting superbug micro-organisms.
The threat of a no-deal Brexit is back -- and with it the risk that the U.K. economy’s shaky recovery from the coronavirus pandemic will be hobbled.
A number of top UK-based energy firms have urged Westminster to deliver a clean Covid-19 recovery plan.
Travel restrictions resulting from the pandemic have presented significant challenges for oilfield service companies such as Tenaris.
There is no doubt the double hit of Covid-19 and the continuing low oil price has left our industry in crisis – or that collectively we have never had a greater opportunity for meaningful change.
Nigeria has officially launched a marginal field bid round, with the Department of Petroleum Resources (DPR) saying 57 fields are available.
The UK Government’s furlough scheme is unlikely to “stem the tide” of oil industry job losses as employers are told to start contributing to wages in the coming months, lawyers and politicians said.
The Covid-inflicted oil price crash has left oil and gas companies facing two distinct choices, a new report said.
Our client Humber Oil & Gas’ divestment of its interest in one of the largest UK onshore hydrocarbon discoveries may have been our second oil and gas deal of 2020, but it was the first we conducted wholly remotely, thanks to UK lockdown rules.
The Health and Safety Executive (HSE) has reported that four workers have contracted Covid-19 as a result of occupational exposure offshore, with more expected to follow.
South Africa has “inadequate” stocks of diesel, an industry body has warned, as demand has accelerated beyond expectations with the easing of lockdown limitations.
There is little doubt the first quarter of 2020 will go down in investment history as a “notable” period that investors will remember – alongside others such as 1987’s Black Monday, when US markets fell by more than 20% in one day and the global financial crisis of 2008-9.
The Chancellor is set to tell employers they will need to contribute to their furloughed workers' salaries from August as the Government admitted the scheme cannot run "indefinitely".
The Energy Exports Conference (EEC) is now "fully virtual and free to attend", according to its organiser, the Energy Industries Council.
East of England Energy Group's flagship event, SNS2020 will be moving online on September 16-17.
Asymptomatic testing will be the key “ask from government” to help get thousands of people back to work in the North Sea, according to an industry boss.
With the right leadership, the new working norms created by the Covid-19 lockdown can help advance the “inclusion agenda”, oil industry chiefs said today.
Energy service firm Subsea 7 said today that it intends to lay off 3,000 workers over the next year.
Angola’s Agência Nacional de Petróleo, Gás e Biocombustíveis (ANPG) has released details on new blocks available for bidding this year but warned there may be delays as a result of the coronavirus pandemic.
Panoro Energy has reported higher production in the first quarter but lower revenues, as a result of fewer liftings and lower prices.