Coronavirus pandemic recovery must tackle climate crisis
The recovery from the coronavirus pandemic must put the world on track to a greener future, it has been urged, as online events mark Earth Day.
The recovery from the coronavirus pandemic must put the world on track to a greener future, it has been urged, as online events mark Earth Day.
The International Energy Agency (IEA) has called for the OPEC-led group to take more production offline and faster than previously agreed.
A community-owned wind farm charity has partnered with a local college to produce personal protective equipment (PPE) for local medical services.
The descent of US crude prices into negative territory is a “body blow” to a creaking oil and gas sector, an industry leader has said.
Oil rebounded in Asian trading, after plunging below zero for the first time in history amid rapidly filling American storage tanks, as the U.S. benchmark’s May contract entered its final trading session.
The day started like any other gloomy Monday in the oil market’s worst crisis in a generation. It ended with prices falling below zero, thrusting markets into a parallel universe where traders were willing to pay $40 a barrel just to get somebody to take crude off their hands.
The oil and gas industry shed nearly 51,000 drilling and refining jobs in March, a 9% reduction that is likely to get worse as futures prices fell into negative territory Monday.
A “significantly reduced” Shell team is still managing to land gas at one of the UK’s major terminals in Aberdeenshire, despite the Covid-19 outbreak.
As Coronavirus lockdowns continue to spread around the world, the oil industry faces more disruption to demand and supply chains, with many margins and prices already collapsing.
Aberdeen event organisers have offered little sign of normality resuming after deciding an event five months away should be held virtually.
Total has shutdown work at Mozambique LNG in order to manage an outbreak of coronavirus at the site in Cabo Delgado.
Rivers State has released the group of ExxonMobil employees it accused of entering the state in defiance of the lockdown intended to prevent the spread of coronavirus.
More assets are expected to hit the market across Asia Pacific this year following the sustained drop in global oil prices and the COVID-19 pandemic, which has destroyed energy demand growth as economic activity contracts.
Employment lawyers have criticised a lack of clarity in the government’s coronavirus jobs retention scheme, highlighting it is unlikely to prevent “difficult decisions” for the oil and gas sector.
With the reality that Brent oil prices are scratching closer and closer to $20 per barrel, shut-ins are already happening around the world. Even if prices reach this threshold, the UK will avoid shut-ins and exploration is likely to continue in 2020, although cash flow and project sanctioning will suffer, a Rystad Energy impact analysis shows.
The son of the legendary founder of Hin Leong said the Singapore oil trader hid about $800 million in losses racked up in futures trading, suggesting a much bigger hole in the company’s finances than thought, according to people with knowledge of the matter.
Rivers State has arrested 22 ExxonMobil employees for violating quarantine by entering the area from Akwa Ibom.
In rural Aberdeenshire in Scotland, BP’s Camilla Bush is working nights on her partner’s organic dairy farm, Forest Farm, as well holding down her day job as HR business partner.
Specialist medical support company, SSI Energy, has forged a strategic partnership with Texo Accommodation, part of Texo Group of companies, to deliver modular Coronavirus screening stations in the UK.
The real oil market is killing Nigeria.
Equatorial Guinea intends to make its petroleum sector more attractive by modifying regulations.
Construction work on Canada’s major Keystone XL pipeline looks poised to stall mere weeks after the controversial project was given the green light by TransCanada (TC) Energy.
North Sea rig crews have kept up the weekly tradition of clapping for the NHS and other key workers amid the Covid-19 pandemic.
Zenith Energy has extracted better still terms from embattled Anglo African Oil & Gas (AAOG) on the sale of the Tilapia oilfield, in Congo Brazzaville.
Worley has been branded a “disgrace” by union bosses after terminating workers without furlough at a Shetland oil and gas terminal.