ICR Integrity bosses hail firm’s resilience and aim to expand overseas footprint
ICR Integrity, of Aberdeen, remained in the red in 2019-20, but the energy service firm’s “resilience” during the Covid-19 pandemic has given its bosses encouragement.
Covid-19
Offshore Europe delayed until 2022, virtual event to run this year
Organisers of Offshore Europe have decided to delay the in-person event until next year due to ongoing “health and safety uncertainties”.
Milestone for North Sea as offshore worker numbers return to pre-pandemic levels
The number of people working in the offshore oil and gas sector has returned to levels not seen since before the Covid-19 pandemic.
All-Energy and Dcarbonise conference postponed until 2022
The UK’s largest annual renewables and decarbonisation conference has been postponed until next year as the impact of the pandemic rumbles on.
Decision expected next week on whether Offshore Europe will be postponed
Organisers of Offshore Europe, Scotland’s largest energy exhibition and conference, are running the rule over whether it should be postponed until next year.
Quarantine hotels to remain in place for Scottish oil workers
Quarantine hotels for oil and gas workers are to remain in place, with First Minister Nicola Sturgeon saying “public safety is paramount”.
Africa Oil Week heads to Dubai, in Cape Town loss
Africa Oil Week will be held in Dubai this year, with the organisers highlighting the location as a safe alternative to Cape Town.
Balmoral Group’s Jim Milne takes inspiration in new report from Scottish Engineering
One of the north-east’s best-known businessmen, Jim Milne, has said he is confident the worst is now behind the Scottish engineering and manufacturing industry.
Dozens of jobs at risk as N-Sea closes Aberdeen operation
Dozens of jobs are at risk as subsea services firm N-Sea wraps up its Aberdeen operation.
May 19: The end of Anne Boleyn… and the start of the UK ETS
The person in the street may not regard the 19th of May as a date of any real significance.
Safety fears as Maersk Drilling clamps down on unpaid leave for ‘worn out’ expats
Expats on a rig off western Australia have warned that safety would be compromised after Maersk Drilling was forced to “reassess” unpaid leave requests amid the country’s strict Covid regime.
Corallian fails to entice Shell with Jackdaw South
Corallian Energy attempted and failed to sell Shell and One-Dyas the “Jackdaw South” prospect ahead of the main development being sanctioned later this year.
Oil drops as low Indian demand offsets recovery optimism
Oil prices dipped as traders weighed weaker fuel demand in India against optimism over the global economic recovery from the coronavirus pandemic.
Exxon rebounds to first profit since 2019 on crude surge
Exxon Mobil snapped a record streak of losses as rising oil and natural gas prices bolstered one of the biggest dividends in the S&P 500 Index.
Chevron posts bumper cash flow after oil rally meets cuts
Chevron generated the most free cash flow since the pandemic emerged as economies clawing their way out of more than a year of lockdowns and paralysis burn more fuel.
OPEC+ sticks with plans to gently hike supply as demand recovers
OPEC and its allies recommended proceeding with plans to gently revive oil production as global demand recovers from the pandemic, despite surging infections in India.
Almost 70 workers removed from North Sea accommodation vessel after Covid outbreak
Dozens of North Sea workers have been flown home after an outbreak of Covid-19 on an accommodation vessel.
‘Too risky’ to ease quarantine rules for oil workers, says Scottish Government
The Scottish Government has decided not to let up quarantine rules for oil and gas workers returning from overseas, deciding that doing so would be “too risky”.
Neart na Gaoithe developers ‘still hopeful’ of finishing on time despite encountering difficulties
Developers behind a major Scottish offshore wind farm say they are still hopeful it will be completed on schedule, despite encountering difficulties.
Oil set for best week since early March on better demand outlook
Oil is heading for the biggest weekly gain since early March on optimism the recovery in demand from the Covid-19 pandemic is improving.
Preparations to drill North Eigg underway as Serica posts ‘strong balance sheet’ for 2020
Serica Energy has confirmed preparations are underway to drill the North Eigg gas prospect after strengthening its “financial and operational foundations” in 2020.
Laid-off Halliburton worker’s firm helps people back to work
After losing his job last year due to the pandemic, an Aberdeen engineer is using his recent success to offer those in a similar situation employment.
Senior political figure says UK Gov should avoid delaying COP26 again, but admits decision ‘isn’t in our hands’
The COP26 climate conference should not be delayed for a second year if the UK “can possibly avoid it”, a senior political figure has said.
Vitol sees shift from oil to power
Trader Vitol sees its future in lying in the power sector, in a marked shift away from its oil roots.
Oil pares gain with OPEC+ to choose between hike or holding cuts
Oil pared an earlier increase in New York ahead of a high-stakes OPEC+ policy meeting, with producers debating whether to extend deep supply curbs or ease them.