Concerns around offshore maintenance backlog due to Covid-19 pandemic
Safety leaders have voiced concerns that a backlog of maintenance work may have built up offshore during the Covid-19 pandemic.
Safety leaders have voiced concerns that a backlog of maintenance work may have built up offshore during the Covid-19 pandemic.
Saipem has confirmed it will “considerably” downsize its investment plans after posting pre-tax and interest losses of £644 million for the first half of this year.
The UK government is reconsidering its support for financing foreign oil and gas projects, following UK Export Finance’s (UKEF) commitment to the Total-led Mozambique LNG project.
An Aberdeen-based engineering group is eyeing a boost from Russia’s Far East after Covid-19 left it “scrimping and saving”, its boss said.
A leading industry body has revealed suspected Covid-19 cases offshore have continued to fall due to “effective industry-wide measures”.
Schlumberger delivered another crushing blow to the oil and gas industry today by announcing it was cutting around a fifth of its workforce.
Norwegian energy giant Equinor warned of the continued considerable "uncertainty" caused by Covid-19 as it plunged into the red in the first-half of 2020.
The future of the energy industry landscape has long been up for debate, and the effect of COVID-19, combined with the dramatic global oil price crash and its detrimental impact, has brought this to an unparalleled level.
The North Sea is bringing the risk of Covid "under control" with just 10 cases of people contracting it while at work offshore in the UK .
US energy service firm Baker Hughes slumped to pre-tax losses of £13 billion ($16.5bn) in the first half of 2020, highlighting the severe impact of the Covid-19 pandemic and crude price drop.
Scottish oil firm Cairn Energy said today that Covid-19 should not significantly delay the long-awaited outcome of its £1.1 billion ($1.4bn) arbitration claim against India.
Earlier this month, a federal judge stunned the U.S. energy sector with an order to shut down the Dakota Access pipeline. Environmentalists hailed it as the first time a fully operating system had been forced to close by a legal challenge.
Dozens of projects ran by the Oil and Gas Technology Centre (OGTC) are facing delays or cancellation due to the Covid-19 pandemic.
Oil markets will “barely feel” the impact of additional production by Opec and its allies as demand ramps up across the world, Saudi Arabia’s energy minister said on Wednesday.
The current collapse in the price of crude oil is the most extreme so far this century. It has already had significant impact on the oil industry, leading to some declarations of force majeure (examples include licenses and contracts in Iraq and the Gulf of Thailand). The question we address here is: what will the impact be on upstream producing countries? And more specifically, how should upstream countries react if companies approach them for fiscal concessions, citing marginal economics?
Teresa Waddington, Shell's plant manager for the Fife NGL Plant, has used her animation skills to create a short video about the economics of oil and gas as society comes out of the Covid-19 lockdown. Check it out above.
A Covid-19 surge in the US creates a dilemma for oil producers going into crunch talks today and tomorrow.
Oil edged lower ahead of an OPEC+ meeting this week at which the group may announce plans to start tapering historic production cuts even as the coronavirus surges unabated in many parts of the world.
More than a dozen countries with crucial global shipping hubs agreed to ease port and border restrictions for seafarers to help the more than 200,000 workers still stranded on vessels return home.
Eni’s CEO Claudio Descalzi has held talks with the head of the Government of National Accord (GNA) Fayez al Sarraj and the chairman of the National Oil Corp. (NOC) Mustafa Sanalla.
Decom North Sea has announced the first post-Covid event to be held in person for Aberdeen's oil and gas industry.
When Covid-19 gripped the UK North Sea oil industry, there was only one way for helicopter operators to manage the crisis – take it hour by hour, day by day.
Politians and union bosses have hit out at Chancellor Rishi Sunak’s Job Retention Bonus scheme, with some claiming it does “little to nothing” to affect growing North Sea job losses.
No more floating production, storage and offloading (FPSO) vessels will be ordered this year, Rystad Energy has predicted.
Very few people instinctively know what to do during a crisis.