Oil extends losses after President Trump says he has Covid-19
Oil was caught up in a broad downward move in financial markets after President Donald Trump said he had tested positive for the Covid-19 virus.
Coronavirus
Do not snub HMRC letters about furlough scheme, firms told
North and north-east firms are being warned not to ignore letters from HM Revenue and Customs (HMRC) seeking clarification over their applications to the UK Government’s Coronavirus Job Retention Scheme (CJRS).
Government must accelerate net-zero projects or risk losing thousands of engineers
Boris Johnson must act now to accelerate decarbonisation projects or risk losing thousands of skilled engineers essential for delivering the UK’s net zero infrastructure.
Energy transition ‘accelerated’ by coronavirus
The north-east oil and gas sector’s approach to energy transition is being accelerated by the Covid-19 crisis, according to the chairman of Scottish commercial law firm Burness Paull.
State-of-the-art decontamination system could minimise risk of Covid-19 outbreak offshore
It's thought a new air and surface decontamination system could be used to minimise the risk of a Covid-19 outbreak offshore.
ADES eyes better times ahead
ADES International increased EBITDA, revenue and profit in the first half of 2020, versus 2019.
Wintershall DEA will ‘rely’ on remote working post-pandemic
Wintershall DEA will “rely” on remote working as the norm once the Covid-19 pandemic is over.
IEA says oil market more fragile as resurgent virus hurts demand
The outlook for global oil markets has grown “even more fragile” as a resurgent pandemic derails the recovery in demand, the International Energy Agency said.
Clinic leads way in rapid test kits for coronavirus
An Aberdeen-based healthcare business is among the first in the world to get its hands on the latest in Covid-19 testing technology from life sciences firm LumiraDx.
Unexpected benefits: will Covid-19 lead to a more diverse workforce?
Could a more diverse workforce be one of the benefits to emerge from the global pandemic? Janette Marx, CEO of global workforce solutions provider, Airswift makes the case that lockdown has broken down the lingering psychological hurdles while technology has allowed difference to be encouraged and enabled.
Oil edges higher ahead of OPEC+ meeting with demand in focus
Oil has climbed ahead of an OPEC+ meeting this week that will assess the group’s production cuts as the recovery from virus-driven demand destruction falters.
Tendeka: Leading through uncertainty
Over the last six months, the global pandemic brought very new challenges for both our home and work life along with whole new lexicon and unprecedented willingness to listen to our political leaders.
What does working from home mean for the office market?
Working from home (WFH) is not a new phenomenon. For the past 20 years and more we have seen WFH grow at varying speeds across different business sectors.
Oil industry needs ‘real, tangible action’ to win hearts and minds
“We need to come to work for a greater reason than making money; we need to have purpose in everything we do.”
We must lead. We must act.
The Covid-19 pandemic has had a vast impact on people’s lives, as well as on companies around the world.
2020: A challenging launchpad for a bright future
Identification of principle risks has been an important part of board discussions for many years, but I am not sure that "global pandemic" would have been at the top of many companies’ risk registers.
Embracing disruption to accelerate the energy transition
The Covid-19 pandemic has not only had a dramatic impact on our day-to-day lives, it has also acted as a catapult for energy transition action.
Real ‘horsepower’ going into transitional sector deal proposals, industry chief says
Neil Sims is encouraged by the “horsepower” that’s being put behind the sector’s new sector deal application.
CMS: Leading in a crisis
There are as many opinions of good leadership as there are management books and business schools. For me, the important priorities are being honest, transparent and authentic, having a clear vision of your goal, a clear strategy to reach that goal, and the empathy, energy, commitment and confidence to inspire your team to work collaboratively towards it. It is also important to innovate, to do things differently, to find new ways, to be agile and to be supportive. Communication of all of this is key.
Concerns UK oil regulator ‘losing balance’ in net-zero push, Neptune chief says
The North Sea oil industry’s old guard is concerned that the sector’s regulator is “losing balance” as a result of its efforts to help government meet net-zero targets, a top boss has claimed.
Sustainability and Covid-19
People questioning the oil and gas industry’s sustainability is not a new phenomenon. Far from it. For years oil companies, governments, investors and other stakeholders have questioned the sustainability of the industry and the need to address environmental, social and governance issues (ESG).
Oil and gas sector risks losing thousands of engineers capable of delivering energy transition
A leading skills body is warning the oil and gas sector it needs to act swiftly or risk losing thousands of engineers capable of delivering the energy transition.
Saudi Arabia’s deep recession and collapsing oil prices: Can it recover?
The Gulf is slated to earn $270 billion less in oil revenue compared to last year. This is to a large extent because the region's economic heavyweight, Saudi Arabia, has been sinking deeper into recession amid the coronavirus pandemic.
Financial impact of Covid-19 could leave governments unable to finance energy transition
Lord Ian Duncan has raised concerns that a lack of money post-Covid could leave governments unable to make the policy interventions needed to drive the energy transition.
Roadmap 2035 on course despite industry challenges
Over eight actions identified by the UK’s offshore oil and gas industry as essential if it is to realise a successful future in a lower carbon future have already been delivered, with a further 20 underway, despite the pressures heaped on the sector by the coronavirus pandemic.