Engineering service group Babcock International said today that market conditions for its oil and gas aviation business were “extremely tough” in the six months to September 30.
It’s hoped commitments to put energy transition “at the heart” of economic recovery plans could go some way to reversing negative trends in the oil and gas industry.
A North Sea trade union boss has warned the oil industry is “teetering on the brink” due to a lack of activity and investment in the basin.
Oil extended its gain with investors weighing news of another Covid-19 vaccine breakthrough as OPEC+ moved closer to delaying a planned easing of output cuts.
International energy logistics provider Peterson has confirmed it carried out a “resizing” of the business earlier this year in order to make the transition to home working more straightforward.
Oil has risen on optimism over China’s recovery from a virus-led demand crash and as advisers to President-elect Joe Biden ruled out a national lockdown to curb the spread of Covid-19.
Rising COVID-19 numbers in Algeria have driven Sonatrach boss Toufik Hakkar to call for employees to increase their vigilance.
Trade body Oil and Gas UK (OGUK) says its autumn “snapshot” reinforces the case for a North Sea transition deal to ensure the industry can “build back better” from Covid-19.
Renewable energy technologies and the use of big tech within the oil and gas sector have been accelerated due to the COVID-19 outbreak.
Mergers and acquisitions have been slowed by the COVID-19 outbreak. But as companies embrace the energy transition opportunities will arise
Oil in London jumped by the most since June as Pfizer Inc. reported a potential Covid-19 vaccine breakthrough.
The North Sea is not expected to see any surge in offshore manning levels for months, according to industry body Oil and Gas UK (OGUK).
Achieving net-zero carbon emissions by 2050 is an ambitious and deliverable goal, but on current trajectory it is unlikely to be realised without rapid acceleration of key energy transition projects.
Genny Hire is a well-established plant hire company which has continued to develop and expand since first opening its doors in 2008.
Organisers of Subsea Expo have opted to postpone the 2021 showcase due to the recent tightening of Covid-19 restrictions.
The Covid-19 pandemic has been one of the most impactful influences on the global workplace in recent years. Not since the advent of PCs and the introduction of the internet and email have organisations from every sector felt such a dramatic change in the way they work.
Global oil demand is expected to peak at just over 102 million barrels per day (bpd) by 2028, two years earlier than originally thought.
Shell has moved to reassure offshore workers that they will receive their full day rate, even if they’re forced to return home due to Covid-19 concerns.
Oil futures bounced back from session lows as stronger-than-expected US economic growth data and signs that Europe may get more stimulus offset some of the fallout from renewed lockdown restrictions.
Shell can be “pleased” with its efforts to contain Covid-19 on its assets, the energy giant’s boss said today.
Texas added 700 oil and gas extraction jobs in September, the first uptick since the coronavirus pandemic broke out nationally.
Electricity demand is unlikely to return to normal levels even after the development of a coronavirus vaccine, according to a new report by scientists from Columbia University.
Energy giant BP returned to profit in the third quarter of 2020 as the firm benefitted from the absence of the huge write-offs and impairments which dented its previous results in August.
An Aberdeen-based subsea engineering and decommissioning services provider is believed to have laid off around a quarter of its workforce.
Industry body Oil and Gas UK (OGUK) said today it is seeing “very worrying signs” for employment in the North Sea sector.