Shell’s Bonga ramps up despite COVID fears
Shell’s Bonga field completed maintenance last week and is ramping production back up, despite some isolated cases of coronavirus.
Coronavirus
Lloyd’s Register cuts 46 jobs from upstream team
Dozens of jobs have been lost at a north-east energy firm, with its parent company stepping back from part of the market.
Green energy key to restoring economy post-pandemic
Investment in green-energy projects is crucial to Scotland’s economic recovery post COVID-19.
Moray East hands out £150k deal for portable toilets and showers
The developers of a major wind farm off Moray have awarded a £150,000 deal for toilets and washing stations to combat the spread of Covid-19.
Is the decommissioning era finally approaching the reverse oil cycle?
Against the backdrop of current circumstances in the oil market, it is increasingly hard to predict what the future holds for the decommissioning industry. The oil price will have a significant effect on depleted and marginal fields and may push already conservative profit-making operations into the red. This, combined with COVID-19, has created more of an impasse for the market than arguably seen before.
NNPC reports March deficit from price plunge
Nigerian National Petroleum Corp. (NNPC) saw a more than 300% decline in earnings in March as crude prices plummeted.
Woodmac: How has the price crash changed the upstream sector?
The oil price crash wiped $1.6 trillion off the valuation of the global upstream industry, according to energy researcher and consultancy Wood Mackenzie.
After decade of excess, US shale industry will take years to recover
As oil prices tick up to $40 a barrel following a pandemic-induced plunge, there’s a sense the shale industry is snapping back to life with Continental Resources Inc., EOG Resources Inc. and Parsley Energy Inc. all saying they’re restarting closed wells.
Covid spike in US threatens oil’s remarkable price rally
A spike in U.S. coronavirus cases is threatening the oil market’s recovery from its historic plunge into negative territory.
Top economists urges north-east businesses to grasp digital opportunity
North-east businesses should rely on their resilience and expertise to help them through the coronavirus pandemic, a leading Scottish economist said yesterday.
UOG triples production in Egypt
United Oil & Gas (UOG) has increased its net production from Egypt’s Abu Sennan concession by 69%, while also reporting a reserve boost.
FAR slips into default at Sangomar
Australia’s FAR is in default for its payments due on the Sangomar field, following recent talk of delays in Senegal’s upstream plans.
DPR calls on workers to follow COVID rules
Nigeria’s Department of Petroleum Resources (DPR) has called for oil company and government personnel to follow rules and document procedures in order to tackle the pandemic.
Woodside defiant on Sangomar schedule
Woodside Petroleum has denied that first oil from the Sangomar field will be delayed because of the coronavirus pandemic.
Covid-19: a turning point for UK jobs
It has been another eventful couple of weeks in the global energy sector. The COVID-19 situation continues to create havoc across the world, as countries deal with the fall-out of the health crisis and associated economic impact.
The big oil turnaround: From negative prices to a bull market
Every day, traders in London congregate at 4 p.m. to buy and sell North Sea oil for half an hour. The window, as it’s known in the industry, is where competition between the most powerful players in the market sets the price of Brent crude.
£4.5m pledge to support oil and gas skills
The North Sea oil and gas industry is poised to benefit from a new £4.5 million scheme to support the retention of essential skills during and after the Covid-19 crisis.
New wave of work for Fife fabricator AJS
Fife fabrication firm AJS Production has returned to work to complete a 30-tonne wave machine which will take to the seas this year.
HSE quarantines hordes of ‘substandard’ Covid-19 face marks destined for North Sea oil sector
The Health and Safety Executive (HSE) has revealed it prevented more than a million dodgy Covid-19 face masks from reaching the UK supply chain, with many headed for the North Sea oil and gas industry.
Gas opportunities and challenges in Mozambique
There are challenges ahead for Mozambique, even while it is poised for a period of dramatic growth as investment into its northern gas finds escalates.
Minister hints North Sea retraining scheme could be relaunched
Economy Secretary Fiona Hyslop has hinted that an oil and gas “transition training fund” will be relaunched to help offshore workers who have lost their jobs during the pandemic.
Apollo launches second mission to inspire STEM learning during lockdown
After the cancellation of NASA in Aberdeen due to COVID-19, Apollo launched their ‘Apollo young astronaut competition’ which achieved great interest from parents, teachers and local media with some incredibly high-flying rocket launches.
World needs Covid-scale emissions cuts every other year, says BP boss
The world needs emissions cuts on a par with those delivered by the Covid lockdown every other year for the next 25 if it is to reach net-zero by 2050, BP’s chief executive said today.
The new ‘F-word’ in the energy sector
The Energy industry has taken another battering. But unlike previous economic hurricanes, this time within weeks centrally funded support was made available in the form of furlough leave and pay.
Might makes for LNG opportunities
Pandemic-driven lockdowns have taken their toll on small companies in every sector, while larger companies can take a longer view on matters, including in the LNG sector.