Ineos to postpone Forties Pipeline shutdown
Energy giant Ineos has announced it is to postpone the planned shutdown of its Forties Pipeline until August.
Energy giant Ineos has announced it is to postpone the planned shutdown of its Forties Pipeline until August.
London-listed Hurricane Energy has welcomed the Oil and Gas Authority's (OGA's) pledge to help struggling companies by considering relaxing licence commitments.
North Sea oil and gas “must be part of the response” to Scotland’s economic woes once a solution to the coronavirus outbreak has been found, a trade union has said.
North-east engineering firm SengS said yesterday it had secured £750,000 worth of new business since the start of the year.
The UK oil industry’s regulator has been praised for promising to take a “flexible approach” to work commitments amid the crude price rout.
Offshore survival training provider Survivex has temporarily closed its facility in Aberdeen in response to the coronavirus outbreak.
Environmental services firm Sem Energy, of Aberdeen, has launched a Middle East division.
The leading U.S. solar-trade group is warning the fallout from the coronavirus could slash the industry’s workforce in half.
Tullow Oil has terminated a drilling contract with the Maersk Venturer in Ghana, in line with the operator’s plans to save cash amid a difficult year.
South Sudan has postponed its licence round as a result of the coronavirus, officials have said.
Gulf Keystone Petroleum has taken steps to shore up its financial position, with a knock-on impact to its predicted 2020 production.
London-listed Tlou Energy has set out plans to trim its running costs, in response to problems in the world’s financial markets, while competitor Kalahari Energy has received support from the US Trade and Development Agency (USTDA) for its power plans.
Zenith Energy has tweaked the terms under which it was to acquire the Congolese unit of Anglo African Oil & Gas (AAOG), reducing the price by 20%.
The North Sea oil and gas industry can survive the “unchartered waters” of the current crude price storm, at least in the short-term, an analyst has said.
A multi-million pound MP pension fund is still too “heavily invested” in the oil and gas sector despite a significant reduction in financial backing, according to a cross-party campaign group.
With the shackles of OPEC’s output limits thrown off and a price war under way, the group’s biggest oil producers are preparing to churn out more barrels to protect market share.
Drilling permit activity is slowing across Texas as oil prices crash to near $20 per barrel.
Occidental Petroleum was downgraded to junk by Fitch Ratings as it struggles to combat a sharp decline in oil prices, making it the biggest fallen angel in this downgrade cycle.
Coronavirus has begun to spread in Africa, triggering governments to impose lockdowns and take steps to tackle the pandemic.
Organisers of Aberdeen’s Future Oil and Gas Conference have announced the event will be postponed due to coronavirus concerns.
A town in northern Mozambique near major LNG construction works has been seized by Islamist militants, according to local reports.
The use of the word 'unprecedented' has risen to unprecedented levels in these unprecedented times.
Seismic provider Polarcus has noted another project cancellation, this time in West Africa.
Seplat Petroleum’s revenue fell 6.5% in 2019 while cash flow from operations fell 32.7%, but the company was keen to highlight its resilience to the current macroeconomic shock.
A suspected coronavirus sufferer has been flown back to shore from a North Sea platform.