Oil and gas survey reveals ‘crisis of confidence’ in the sector
A survey of oil and gas workers has spotlighted a “crisis of confidence” in the sector, ushered in by the Covid-19 pandemic.
Covid-19
LNG Canada plans return after COVID-19 outbreak
Staffing levels are increasing at LNG Canada following a COVID-19 outbreak in November and December.
TechnipFMC restarts move to split into two companies
TechnipFMC has restarted its bid to split the business in two after the Covid-19 pandemic halted the process.
Living with a pandemic: Tips for companies with offshore and remote locations
As cases of COVID-19 surge, companies with essential workers and operations are starting to realise that living - or working - with a pandemic is now the reality. As such, there are several fundamental practices companies must embrace in order to manage a workforce’s health and safety during a pandemic and beyond.
Oilfield services firm McDermott International secures £410m of new capital
Oilfield services provider McDermott International has secured more than half a billion dollars in new capital.
Workers evacuated from Valaris oil rig after New Year’s Day Covid outbreak
Workers were evacuated from a Valaris oil rig after a Covid outbreak on board on New Year’s Day, with questions raised on testing procedures.
Ffolkes Offshore reveals fivefold increase in crew change costs arising from Covid-19
An Aberdeen-headquartered shipping agency has revealed that crew change costs rose fivefold last year due to complications caused by Covid-19 restrictions.
Oil gains on signs OPEC+ is nearing consensus on oil output plan
Oil’s rally accelerated on signs that OPEC+ was nearing a consensus that would keep oil output steady next month.
Updated: Oil prices fall as OPEC+ extends talks to second day without decision
Oil dropped the most in two weeks with OPEC+ yet to resolve an impasse on whether to keep raising production at a time when the pandemic threatens demand.
Exxon signals historic fourth consecutive loss on demand hit
Exxon Mobil Corp., which is struggling to maintain a $15 billion-a-year dividend program, indicated it incurred a fourth straight quarterly loss.
‘We don’t mind taking skin in the game’: Maersk Drilling on future deals in crisis-hit sector
The chief operating officer of Maersk Drilling thinks companies like his taking “skin in the game” will be the future of the sector, moving away from commercial deals that put most of the risk on operators.
New IOGP chief outlines ‘litmus test’ for oil and gas industry
Iman Hill, recently appointed as the new executive director of the International Association of Oil and Gas Producers (IOGP) writes for Energy Voice on the current "litmus test" for the sector.
Updated: Oil advances on Covid-19 vaccine optimism and US stimulus
Oil climbed as the UK is poised to grant regulatory approval to another Covid-19 vaccine and as the US passed its stimulus bill into law.
‘You’re with your offshore family instead’ – what’s it like spending Christmas day at sea?
For many people up and the down the UK, restrictions on social gatherings will have meant a Christmas day unlike any other.
Russia favors further OPEC+ output hike in February
Russia intends to support a further increase in OPEC+ production at the group’s meeting next month, even as a new strain of the coronavirus raises concerns about demand, said officials familiar with the country’s oil policy.
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.
North-east SNP MPs call for meeting with business secretary over sector deal
The UK Government has been urged to give “more detail” on planned support for the oil and gas industry in order to give the sector greater confidence.
UK Government extends furlough scheme until end of April 2021
The UK Government will continue the furlough scheme until the end of April 2021 in an effort to ensure firms are able to survive the continued economic disruption.
Oil pares earlier gains as rally toward 10-month high stalls
Oil pared its earlier rally toward the highest settlement in almost 10 months as the market weighed the potential distribution of Covid-19 vaccines against a raft of new cases sparking tighter restrictions on movement.
Hunting reduces headcount by 34% since start of 2020
Hunting will exit 2020 with fewer than 2,000 employees, a reduction of 34% since the start of the year.
Renergen talks up helium-powered vaccine case
South African Renergen has devised the Cryo-Vacc, which allows vaccines to be transported at extremely low temperatures for up to 30 days without power.
North Sea operators want ‘more evidence’ of sustained $50 oil price before greenlighting projects
North Sea operators would like “more evidence” that the $50 Brent oil price is here to stay before greenlighting long-term investments.
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.
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.