Shell’s Bonga field completed maintenance last week and is ramping production back up, despite some isolated cases of coronavirus.
Dozens of jobs have been lost at a north-east energy firm, with its parent company stepping back from part of the market.
Investment in green-energy projects is crucial to Scotland’s economic recovery post COVID-19.
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.
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.
Nigerian National Petroleum Corp. (NNPC) saw a more than 300% decline in earnings in March as crude prices plummeted.
The oil price crash wiped $1.6 trillion off the valuation of the global upstream industry, according to energy researcher and consultancy Wood Mackenzie.
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.
A spike in U.S. coronavirus cases is threatening the oil market’s recovery from its historic plunge into negative territory.
North-east businesses should rely on their resilience and expertise to help them through the coronavirus pandemic, a leading Scottish economist said yesterday.
United Oil & Gas (UOG) has increased its net production from Egypt’s Abu Sennan concession by 69%, while also reporting a reserve boost.
Australia’s FAR is in default for its payments due on the Sangomar field, following recent talk of delays in Senegal’s upstream plans.
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 Petroleum has denied that first oil from the Sangomar field will be delayed because of the coronavirus pandemic.
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.
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.
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.
Fife fabrication firm AJS Production has returned to work to complete a 30-tonne wave machine which will take to the seas this year.
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.
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.
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.
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.
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 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.
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.