COVID-19, hydropower drive down Orca revenues
Orca Energy sold less gas in 2020, down 8.6% year on year, as a result of COVID-19 and strong hydropower generation in Tanzania.
Coronavirus
Oil price direction an ‘open question’ as Covid mutation weighs down Brent
A top petro-economist said today that the Covid-19 mutation had left an “open question” about the direction of Brent crude prices in the coming weeks.
Oil falls with virus mutation raising lockdown risks
Oil fell after posting a seventh weekly gain on concern a mutation of Covid-19 discovered in the U.K. could speed transmission of the virus and lead to more lockdowns.
Rethink Africa’s energy systems to empower women
Women-led SMEs across the continent depend on reliable and affordable energy but often lose out because of grid and centralised power problems. Instead of waiting for grid power, Salma Okonkwo argues, off-grid solar projects and mini grids offer a way forward.
How to protect against the long-term effects of Covid-19
With news of a vaccination providing a glimmer of hope to the world, it is believed that we could be nearing a turning point for the pandemic that has gripped the globe.
‘Very surprised’ if UK oil workers get vaccine before Easter, says top microbiologist
One of the country's top microbiologists has said he would be “very surprised” if offshore oil and gas workers in the UK receive the Covid-19 vaccine before Easter.
‘People craving getting back to the office’
For much of this year, the backbone of conversation has been about working from home, when offices might reopen and what changes there will be.
Updated: Union estimates 12,000 North Sea jobs lost and warns of worse to come
A trade union boss has warned predictions that 8,000 jobs have been lost in the oil and gas sector due to the latest downturn are likely to be very conservative.
Oil and gas industry warned it needs to become ‘wholly different’ as CCC releases landmark net zero report
North Sea oil and gas firms are being warned they will need to become “wholly different” if they want to retain their position in the structure of the UK’s economy.
OPEC+ inaction could lead to 200 million barrel surplus next year, Rystad says
Oil markets could be saturated with millions of surplus barrels if OPEC+ fails to agree an extension to current production cuts, according to analysis from Rystad Energy.
Russia and Saudi Arabia power risks OPEC+ break-up
Frustrated UAE representatives are sending subtle but strong signals that they may be the first in the OPEC+ oil producers group to break free and go it alone.
Oil keeps rising after eight-month high on demand optimism
Oil kept rising after closing at a eight-month high on increasing optimism that recent Covid-19 vaccine breakthroughs will lead to a swift recovery in global energy demand next year.
North Sea firms warn further job losses on the horizon, confidence falls to lowest level since 2015
Around a fifth of North Sea oil and gas contractors have warned they expect to make further job cuts in 2021 as they continue to deal with ongoing turmoil in the sector.
Oil rises past August high on vaccine progress, Biden transition
Oil extended gains after closing at the highest level since August on signs Covid-19 vaccines could be rolled out within weeks and as the start of the U.S. presidential transition process aided markets in general.
North Sea oil industry ‘teetering on the brink’
A North Sea trade union boss has warned the oil industry is “teetering on the brink” due to a lack of activity and investment in the basin.
Oil clings to rally on signs of coronavirus vaccine progress
Crude held onto a rally amid progress on the development of coronavirus vaccines, with investors shrugging off a smaller-than-expected U.S. inventory build.
OPEC+ drops another hint it will delay production hike
OPEC+ said oil producing countries must be ready to act when the group gathers for its next full ministerial meeting in two weeks, the latest indication the cartel is preparing to delay a production increase.
Oil extends gains on vaccine progress as OPEC+ meets
Oil extended its gain with investors weighing news of another Covid-19 vaccine breakthrough as OPEC+ moved closer to delaying a planned easing of output cuts.
Peterson ‘well placed’ after carrying out resizing in response to Covid
International energy logistics provider Peterson has confirmed it carried out a “resizing” of the business earlier this year in order to make the transition to home working more straightforward.
Sonatrach calls for compliance with COVID-19 measures
Rising COVID-19 numbers in Algeria have driven Sonatrach boss Toufik Hakkar to call for employees to increase their vigilance.
Dozens of jobs at risk at Aberdeen engineering firm TDC
Dozens of jobs are at risk at Aberdeen engineering firm TDC, despite the company’s hope to stave off redundancies.
Assessing energy merger and acquisition opportunities in a time of pandemic
Mergers and acquisitions have been slowed by the COVID-19 outbreak. But as companies embrace the energy transition opportunities will arise
Exempt oil workers from having to self-isolate on mainland, says Scottish Tory leader
The Scottish and UK Governments have been urged to work together to introduce an exemption to coronavirus rules that mean offshore oil workers are required to self-isolate on the mainland.
Genny Hire: Temporary power solutions when you need them
Genny Hire is a well-established plant hire company which has continued to develop and expand since first opening its doors in 2008.
Subsea Expo postponed due to Covid-19 restrictions
Organisers of Subsea Expo have opted to postpone the 2021 showcase due to the recent tightening of Covid-19 restrictions.