The Liberian government is seeking interest from local companies on participating in the offshore licence round, which is due to open on April 10, while moving the launch event online in order to restrict coronavirus transmission.
Work at the Dussafu Marin licence in Gabon has slowed as a result of the coronavirus outbreak.
North Sea minnow Jersey Oil and Gas said today that it is well placed to ride out the coronavirus and low crude price storm.
DNO has slashed its budget to shore up its balance sheet in the face of “unprecedented market convulsions” and plunging oil prices triggered by the coronavirus pandemic.
To understand the crisis engulfing the world’s largest oil companies, just look at their dividend yields.
Oil futures plunged as much as 26% to the lowest levels since 2002 after Saudi Arabia vowed to keep producing at a record high “over the coming months,” doubling down in its price war with Russia.
The UK Government has postponed the introduction of a much criticised tax reform that would have had major implications for North Sea contractors.
More than 200 oilfield services firms (OFS) across the UK and Norway are “set to become insolvent” due to the coronavirus outbreak, according to Rystad Energy.
Sasol “will prevail”, the company’s CEO Fleetwood Grobler said on a conference call intended to reassure investors and employees. The plan should stabilise the company, protect the balance sheet and preserve stakeholders’ interests.
A UK judge suspended the country’s biggest ongoing corruption trial in London for two weeks, the first such case to have been put on hold because of the coronavirus as an attorneys association asked for all jury trials to be halted.
Several North Sea operators are reducing offshore crews on their UK platforms in a bid to prevent the spread of the coronavirus outbreak.
Flights have been temporarily suspended to one of the UK’s largest offshore gas fields after a suspected coronavirus case at an adjacent drilling rig.
ExxonMobil said today it would "significantly reduce spending" as a result of market conditions caused by the Covid-19 pandemic and commodity price decreases.
Oil clawed back some losses after collapsing below $30 a barrel as the shut down of swathes of the world’s economy triggers a meltdown in global fuel demand and the most volatile market on record.
The Southern North Sea conference in Norwich has been postponed until September due to the coronavirus outbreak.
The owner of UK North Sea oil firm Ithaca Energy has been granted a temporary injunction against a lender who demanded the immediate repayment of a £46 million loan.
Aker Solutions has warned contractors in Norway of potential job losses amid fears work will slow down due to the coronavirus spread.
A worker on a North Sea platform has been quarantined offshore after being suspected of contracting coronavirus.
Restrictions on offshore travel will be tightened in a bid to stop the deadly coronavirus spreading across the North Sea, an industry body has said.
Cluff Natural Resources ‘remain on-track and operations are unaffected’ amid oil price crash and Covid-19
Cluff Natural Resources' (CLNR) operations and planned work "remain on track and are unaffected" by recent share price volatility and the coronavirus (Covid-19) outbreak, the firm has said.
Oil and gas firm Equinor has confirmed that it has begun down-manning procedures on its Martin Linge platform in the Norwegian section of the North Sea.
Spanish oil and gas firm Repsol has confirmed that a workers at the company's Andalucia office has been diagnosed with coronovirus (Covid-19).
An Aberdeenshire oil worker under quarantine in China has said he “doesn’t know” when he will be able to return to the UK.
Oil and gas giant Equinor has confirmed that it is "responding to a suspected case" of coronavirus on board its Mariner platform in the UK North Sea.
Oil and Gas UK (OGUK) has decided to chop up one of its flagship industry reports and cancelled key events in response to the coronavirus outbreak.