Brent oil edges above $45 on signs of slowing U.S. Covid cases
Oil edged higher as markets in Europe and Asia advanced on signs that the surge in coronavirus cases in the southern U.S. is slowing.
Coronavirus
Aberdeen-based risk consultancy firm Marex offers support to small businesses and charities
A marine and risk consultancy firm is offering struggling businesses in the north-east a helping hand to try and support them through the pandemic.
Aberdeen firms join forces to launch mobile screening app for Covid
Two Aberdeen-based firms have joined forces to launch a new mobile screening app for businesses to monitor employees for any symptoms of coronavirus and respond swiftly to any concerns.
Online solution to training delivery
Though Covid-19 lockdown restrictions across Scotland are now beginning to ease, the viability and availability of international travel remains up in the air.
Fuel retailers accused of overcharging drivers during lockdown
Fuel retailers overcharged motorists when the coronavirus lockdown was introduced by failing to fully pass on savings, according to analysis.
Successful innovation requires good corporate governance
The energy industry is in the midst of a deep and wide-ranging digital transformation. While Covid-19 and lower oil and gas prices have disrupted many investment programmes, the direction of travel is clear – the industry needs to continue to invest in innovation and the development and deployment of new processes and technologies. Not to do so risks being left behind.
The power of technology to protect employee health
If Covid-19 has taught the world anything, it is that the power of digital technology to save time and money and improve our lives was not being used to its full advantage.
Consolidation on the cards as UK listed oil firm profit warnings spike, EY says
UK listed oil and gas companies recorded more profit warnings in the second quarter of 2020 than in the whole of last year, according to a new report by EY.
OGUK partners with skills body to offer support to redundant oil and gas workers
The leading representative body for the UK’s offshore oil and gas sector has partnered with Skills Development Scotland to signpost support for oil and gas workers impacted by redundancy.
Subsea Expo confirmed for February 2021
Europe’s largest underwater engineering event, Subsea Expo, is shaping up to what could be the sector’s first, large scale exhibition and conference following lockdown where delegates will be able to meet and network face to face.
Sodexo plans job losses at Shell HQ in Aberdeen
A number of jobs are under threat at a firm which provides a range of services to a major oil and gas company.
OceanTools bouncing back and sensing opportunities
OceanTools’ boss has said the underwater technology firm has come out of the Covid-19 lockdown “fighting”.
Digitalisation drive unlocks modern training approach
The acceleration of digitalisation during the coronavirus pandemic has brought into sharp focus the opportunities for digital technical training within the oil and gas sector.
Pandemic takes toll on funding for low-carbon innovation
“Recovery plans rooted in the energy transition represent a far-sighted investment.” So claims Irena, the International Renewable Energy Agency.
South Sudan sets scene for recovery
Oil will be ‘engine of value creation’ in BP’s net-zero drive, Looney says
BP’s chief executive Bernard Looney has said oil and gas would be a “smaller, but core part” of the business as it “pivots” to net zero.
The Offshore Achievement Awards goes virtual for its 2020 ceremony
The Offshore Achievement Awards (OAA) is gearing up for its first ever virtual awards ceremony, allowing finalists and winners to be celebrated by industry on Friday, August 14, 2020.
3T Energy Group launches new learning platform
Energy sector training provider 3T Energy Group has launched Transform, a new cloud-based workforce management and learning platform.
North Sea operators expected to adopt hybrid working practices
A leading IT expert expects North Sea oil and gas operators to adopt a hybrid of traditional and new working practices post Covid-19.
Aberdeen Harbour: Scotland’s gateway to a world of possibilities
Covid-19 has had an unarguably dramatic and far-reaching impact on everyone, and on organisations of all types – we have all felt the effects of lockdown and the economic slowdown. However, even as we saw a fall in revenue at the port due to reduced oil and gas activity and fewer ferry sailings, the pandemic brought out the very best in our employees, stakeholders and customers.
Crown Estate Scotland launches £750,000 fund to drive green recovery in coastal communities
A new fund designed to support local regeneration and drive green recovery around Scotland’s coast post Covid-19 has been launched.
Driller Noble files for bankruptcy to erase huge debt pile
Noble Corp., the offshore drilling contractor, filed for bankruptcy with a plan to cut more than $3.4 billion of debt after a crash in crude prices made undersea oil wells too expensive.
Kosmos sales slide despite hedges
Kosmos Energy reported a net loss of $199 million for the second quarter of the year, with an adjusted net loss of $95mn.
Chad remains offline for Glencore
Glencore produced more oil in the first half of the year, despite shutting down its Chadian assets.
Halliburton to shut main Aberdeen office
US oilfield services giant Halliburton has confirmed it will close its main UK office in Aberdeen.