Positive mindset ‘non-negotiable’ for navigating choppy waters
It's not the strongest species that survive, nor the most intelligent, but the ones most responsive to change. Certainly, that’s what Darwin believed and who am I to question him?
It's not the strongest species that survive, nor the most intelligent, but the ones most responsive to change. Certainly, that’s what Darwin believed and who am I to question him?
Worley is the latest energy firm to announce a number of job losses at its Aberdeen base as a result of the coronavirus pandemic.
Maersk Drilling has announced it will look to make hundreds of redundancies due to to impact of Covid-19 and a lower oil price.
Many North Sea oil and gas firms are currently “torn” between protecting the long-term sustainability of their business and supporting those staff whose jobs were connected to now delayed or cancelled projects, according to an Oil and Gas UK (OGUK) boss.
The deadly Covid-19 outbreak has brought about a "complete one-eighty" for North Sea helicopter operators and changed the lives of pilots -- as well as their families.
The work of emergency response and rescue vessels (ERRVs) is just as essential now as it was prior to the covid-19 outbreak, according to the captain of one such ship.
Offshore workers will be supplied protective facial snoods before they fly out to North Sea installations as the industry continues its battle against the spread of Covid-19.
The importance of tourism and North Sea oil and gas to Scotland’s economy could mean it is hit harder by the coronavirus crisis than the rest of the UK, a group of experts has warned.
A trio of offshore unions are in disagreement with Petrofac after workers were left without answers on being granted the government’s coronavirus furlough scheme.
North Sea oil and gas workers are to be given priority Covid-19 testing places alongside emergency service and critical staff.
Offshore platforms in the UK North Sea “face the risk of production shut-ins” due to oil storage constraints, according to leading analysts.
Hefty impairments plunged TechnipFMC into the red in the first quarter of 2020 as the energy services firm felt the impact of the oil price slump and Covid-19 outbreak.
The oil industry has called for “clarity” on social distancing guidelines on oil rigs following claims firms are confused about how workers should behave when offshore.
Energy services firm Baker Hughes sank deep into the red during the first quarter as the oil price rout and Covid-19 pandemic took their toll.
Italian energy services firm Saipem said its outlook is “good” but the recent deterioration of the oil market sunk the company to a loss in the first quarter of the year.
Oil extended its recovery from Monday’s plunge below zero but remained under intense pressure from a swelling global supply glut.
Equinor ASA, Norway’s biggest oil company, cut its dividend by two thirds as it grapples with an historic rout in the crude market.
Norway has said it will soon decide whether to cut its oil production to help support plummeting prices.
Nigeria is moving towards production cuts as a result of a lack of local storage and inability to sell cargoes.
Oil in London tumbled to the lowest in almost 21 years as the global benchmark was sucked into the rout that sent U.S. futures below zero for the first time ever this week.
Oil majors BP and Shell were among the fallers as the FTSE 100 Index slid by 171.80 points, or nearly 3%, to 5,641.03 yesterday.
The UK North Sea offshore industry can weather a raging storm in global oil markets, a leading expert said yesterday.
Aberdeen’s importance as a global oil hub may reduce as firms take steps to protect against multiple waves of Covid-19, according to an energy consultancy.
A leading petroleum economist has said it would “require something cataclysmic” for the international oil benchmark to follow that of the US into negative pricing.
Unprecedented, unbelievable, ‘off-the-scale’ can’t really sum up what happened to oil prices in North America on Monday April 20. Both WTI (West Texas intermediate) and WCS (Western Canadian Select) plunged to below $0 per barrel and recorded an oil price of minus $38 per barrel for the first time in history. Although there has been talk about negative oil prices for months, nobody really predicted anything on this scale.