Managing the risks of Covid-19 has been at the forefront of our minds in recent months. However, we must be careful not to be distracted from the ever-present potential of major accident hazards (MAHs).
North Sea industry recently had a week free of evacuations of workers with Covid-19 symptoms from offshore platforms.
An Aberdeen-based oil and gas duo who got together to form a new venture keeping business premises free of Covid-19 have already expanded to cover Inverness and Dundee.
Drager Marine and Offshore is set to inject cash into its Aberdeen facility despite the industry uncertainty created by the Covid-19 crisis.
Neptune Energy has awarded a subsea inspection contract, understood to be worth around £2million, to Fugro at its Cygnus gas field.
A focus on providing high quality virtual services to international clients is helping TRACS International shrug off the worst of the latest downcycle and replenish its order book.
A new survey has been launched by Platform and Friends of the Earth Scotland to hear from workers in the oil and gas industry and supply chain about how COVID-19 and the oil price crash have impacted their working life. Hundreds of workers have already responded, detailing their experience in the industry, their fears around job security and what type of future they want.
Ithaca Energy plans to shed a quarter of its onshore workforce after sinking to a £944m pre-tax loss amid the "historic collapse" of oil and gas prices.
More than 11,000 people have signed up to take part in a virtual lobbying of MPs to call for a green-focused recovery to the coronavirus pandemic that tackles the climate and nature crises.
After months of empty roads, lockdowns were easing and people were getting behind the wheel again. A station in Northern California was selling gasoline for a whopping $5.98 a gallon.
A multi-million pound Barnett formula transfer will be used by the Scottish Government to help high energy usage businesses cut emissions.
A global procurement chief at BP has said sending letters to suppliers demanding price reductions is “disrespectful” and “absolutely the wrong thing to do" for the oil and gas industry.
Hefty investments and lengthy contract wins have put Brimmond Group in a “strong financial position” from which to ride out the latest oil industry downcycle, bosses said.
Against the backdrop of current circumstances in the oil market, it is increasingly hard to predict what the future holds for the decommissioning industry. The oil price will have a significant effect on depleted and marginal fields and may push already conservative profit-making operations into the red. This, combined with COVID-19, has created more of an impasse for the market than arguably seen before.
Repsol Sinopec Resources UK (RSRUK) has confirmed it will decommission a pair of North Sea fields after Premier Oil called time on its Balmoral Area.
Serica Energy has announced its maiden dividend to “reward shareholders” despite the challenges of Covid-19.
Xergy has appointed a new chief technology officer to oversee Proteus, its new resourcing tool aimed at acquiring a large chunk of the oil and gas sector's "gig economy" market.
The oil price crash wiped $1.6 trillion off the valuation of the global upstream industry, according to energy researcher and consultancy Wood Mackenzie.
As oil prices tick up to $40 a barrel following a pandemic-induced plunge, there’s a sense the shale industry is snapping back to life with Continental Resources Inc., EOG Resources Inc. and Parsley Energy Inc. all saying they’re restarting closed wells.
The coronavirus pandemic, together with a global collapse in oil price, has seen the offshore industry experience hugely turbulent times during the first half of 2020.
A “marked increase” has been noted in the number of workers going out to North Sea platforms, according to industry chiefs.
Shell will announce a major restructuring by the end of the year, according to a news report, as the firm makes a shift for the energy transition.
Oil and gas operators are “much more likely” to break contracts, change suppliers or alter prices than service firms in response to the downturn, according to a new study.
It has been another eventful couple of weeks in the global energy sector. The COVID-19 situation continues to create havoc across the world, as countries deal with the fall-out of the health crisis and associated economic impact.
Premier Oil has decided to end production at its Balmoral Area earlier than expected due to the Covid-19 pandemic and global downturn.