Will oil hit $80 this summer?
India, the world's third-largest oil importer, is the latest coronavirus hotspot. It has recently hit a record-breaking number of new daily coronavirus cases—a statistic that dented oil demand and pressured oil prices.
Covid
Shell hits milestone ahead of sanctioning Covid-delayed Jackdaw
Shell has reached a key milestone for giving the greenlight to Jackdaw, a North Sea project which was delayed amid the Covid-19 pandemic.
Oil demand in India drops as brutal virus wave convulses nation
India’s Covid-19 crisis has pummelled demand for transport fuels to the lowest in several months, highlighting the risks for energy consumption amid an uneven global recovery from the pandemic.
Subsea 7 confirms 10 crew members with covid on North Sea vessel
Subsea 7 has confirmed 10 crew members on a North Sea supply vessel have tested positive for Covid-19.
Eni back in the black for Q1, plans IPO or stake sale in new renewables unit
Eni has swung back to profits in Q1 as commodity prices improved, and announced plans for an IPO or stake sale in a new renewables unit.
Safety innovation a core value for CHC
With everything the oil and gas industry has had to contend with in the last year, it would be easy for companies to lose sight of the wider picture.
Drillships back to pre-Covid levels as owners test $200K ‘ceiling’ on day rates
The “psychological ceiling” of $200,000 day rates for offshore drillships will be broken “more routinely” now that the market has reached pre-Covid levels.
‘The loophole is ridiculous’: Mix-up leaves north seafarers missing vital family time stranded in quarantine hotel in Edinburgh
Seafarers told they were heading home to spend quality time with family have instead been left stranded “like prisoners” in a quarantine hotel after arriving in Scotland hours before exemption rules were updated.
Golden rules for virus protection offshore
In the last year, the Covid-19 pandemic has increased the risks of working in what was already one of the most hostile environments on Earth. But, with the first anniversary of the outbreak not long in our collective rear-view mirrors, offshore workers in the North Sea are facing a twin threat: emerging new variants of the virus and increasing Covid-fatigue and complacency.
Budget: RMT calls for £220m annual ‘Just Transition Fund’ for workers
With just hours until the Chancellor’s Budget, the RMT Union has called for creation of a £220million annual “Just Transition Fund” for offshore workers.
India set for record oil demand on recovery from Covid washout
India, once the center of global oil demand growth, expects its fuel consumption to bounce back during the coming year as the nation recoups the losses caused by Covid-19.
Firm at centre of north-east Brazilian Covid scare speaks out
The testing, inspection and certification firm at the centre of the north-east Brazilian Covid scare has spoken out about the unfolding health crisis.
Updated: Stena Drilling launches petition urging UK quarantine exemption for oil workers
An Aberdeen-based drilling contractor has launched a petition urging the UK Government to give oil workers returning from overseas a full quarantine exemption.
US oil majors downgraded by S&P on climate risk, earnings
US oil majors ExxonMobil, Chevron and ConocoPhillips had their credit ratings lowered after S&P Global Ratings followed through on its recent warning and revised the industry’s risk profile due to climate change and weak earnings.
Covid cases linked to Ithaca North Sea platform outbreak rise to 17
More cases of Covid-19 have been discovered following an outbreak on an Ithaca Energy North Sea platform.
Covid outbreak on CNOOC North Sea platform
North Sea operator CNOOC is working to tackle a Covid outbreak on board its Scott platform.
Covid outbreak brings production shut down on Ithaca North Sea platform
Production on one of Ithaca Energy's North Sea platforms has been shut down due to a Covid-19 outbreak on board.
Workers removed from Forties Bravo platform due to Covid
Apache has confirmed that a pair of workers have been removed from the Forties Bravo installation due to Covid-19.
Signs of markets stabilising despite ongoing pandemic, Wood bosses say
Engineering and consultancy giant Wood said today that its revenues fell by more than a fifth in 2020 due to challenging trading conditions.
Environmental watchdog suspends routine offshore inspections
The environmental watchdog for the UK offshore oil and gas industry has temporarily paused routine offshore inspections due to the worsening of the Covid-19 situation.
Dubai added to Scotland’s Covid travel quarantine list
Dubai has been added to Scotland's travel quarantine list with travellers returning from the country told to self-isolate for 10 days.
First Tech director predicts busy future
A boss at First Tech said the Aberdeen-headquartered energy service group had “a lot to look forward to” in the coming years as its growth and diversification continue.
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.
‘We must start the new year more positively’, says Oil and Gas UK chief
Reflecting on Oil and Gas UK’s prediction that North Sea projects could take up to three years to return, the industry body’s chief executive, Deirdre Michie, said, “we have to start the year more positively than that.”
OTC 2021 event postponed until August
Organisers of the Offshore Technology Conference (OTC) in Houston have postponed the 2021 event until August due to the Covid-19 pandemic.