‘People craving getting back to the office’
For much of this year, the backbone of conversation has been about working from home, when offices might reopen and what changes there will be.
Coronavirus
Updated: Union estimates 12,000 North Sea jobs lost and warns of worse to come
A trade union boss has warned predictions that 8,000 jobs have been lost in the oil and gas sector due to the latest downturn are likely to be very conservative.
A tough year down for Africa
As with the global industry, African exploration and production plans hit the COVID-19 and oil price-crash roadblock.
Covid may be accelerating energy transition
At the beginning of 2020 CMS launched a report examining the energy transition strategies of 15 of the world’s largest oil and gas companies to assess how far they are committed to new and alternative energy. It revealed how these firms were, at that time, investing 3% of capex budgets into renewables with a strong emphasis on wind and solar technologies.
As the UK rises in the RECAI rankings, could its 10-point green plan catapult it to be a leader in the globe’s green recovery?
As light begins to appear at the end of the tunnel in the battle against the Coronavirus pandemic, it is now a time for governments worldwide to think deeply about a sustainable, green recovery plan. In the UK, a sign of intent to seize this enormous opportunity to build back better has been given with the announcement of a £12b plan for a ‘green industrial revolution’. The pledge comes with the UK already moving in the right direction jumping to 5th spot in EY’s latest Renewable Energy Country Attractive Index.
OPEC+ inaction could lead to 200 million barrel surplus next year, Rystad says
Oil markets could be saturated with millions of surplus barrels if OPEC+ fails to agree an extension to current production cuts, according to analysis from Rystad Energy.
Updated: Oil aviation market ‘extremely tough’ as Covid slashes flying hours, Babcock says
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.
Energy transition commitments could go some way to reversing North Sea pessimism
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.
North Sea oil industry ‘teetering on the brink’
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 extends gains on vaccine progress as OPEC+ meets
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.
Peterson ‘well placed’ after carrying out resizing in response to Covid
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 rises with China economic recovery, US ruling out lockdown
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.
Sonatrach calls for compliance with COVID-19 measures
Rising COVID-19 numbers in Algeria have driven Sonatrach boss Toufik Hakkar to call for employees to increase their vigilance.
OGUK says autumn ‘snapshot’ reinforces need for North Sea transition deal
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.
Oil RenAIssance: Big Oil is tapping Big Tech once more
Renewable energy technologies and the use of big tech within the oil and gas sector have been accelerated due to the COVID-19 outbreak.
Assessing energy merger and acquisition opportunities in a time of pandemic
Mergers and acquisitions have been slowed by the COVID-19 outbreak. But as companies embrace the energy transition opportunities will arise
Oil jumps by most since June on Covid vaccine progress
Oil in London jumped by the most since June as Pfizer Inc. reported a potential Covid-19 vaccine breakthrough.
No surge in sight for offshore manning levels – OGUK
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).
Kick start energy transition projects now to save jobs and hit net-zero targets
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: Temporary power solutions when you need them
Genny Hire is a well-established plant hire company which has continued to develop and expand since first opening its doors in 2008.
Subsea Expo postponed due to Covid-19 restrictions
Organisers of Subsea Expo have opted to postpone the 2021 showcase due to the recent tightening of Covid-19 restrictions.
International SOS: Building resilient workforces
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.
Rystad revises peak oil prediction, says demand wont return to pre-Covid levels until 2023
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 reassures workers amid concerns about Covid day rate pay
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.
Updated: Oil trims losses after plunging to four-month low on virus fears
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.