EnQuest set to weather storm with ‘quick action’
EnQuest has insisted its day-to-day operations are not “materially affected” by the coronavirus outbreak.
North Sea
Workers need to be ‘accountable’ for own health and safety, OGUK director says
North Sea workers must accept ‘accountability’ for their own health and safety in order to halt the spread of Covid-19 offshore.
Shell pauses UK North Sea projects in response to low oil prices and Covid-19
Shell has hit pause on a number of UK North Sea projects due to the recent crude price drop and Covid-19 outbreak, it is understood.
Updated: Sliding into the red, EnQuest targets even deeper spending cuts
EnQuest today announced deeper cuts to its spending plans as it published full-year results showing it lurched into the red in 2019.
‘Lack of guidance’ blamed for safety fears over Covid-19 spread at safe haven hotels
Safety fears have been raised about the potential spread of Covid-19 due to a lack of guidance given to oil and gas workers using Aberdeen’s new safe haven hotels.
Equinor gets green-light from authorities on Hywind Tampen project
Norwegian energy giant Equinor has received the go-ahead for its plans to build a floating wind farm able to power oil and gas installations in the Northern North Sea.
Shell UK, Diamond Offshore agree release of rig
Shell and Diamond Offshore have “mutually agreed” the release of the Ocean Valiant rig from its contract.
UK regime sees Shell pay no taxes on North Sea business in 2019
Energy giant Shell paid no taxes on its upstream oil and gas business to the UK government last year, instead receiving large rebates, according to a new report.
Employee safety ‘paramount’ after TechnipFMC confirms virus cases on North Sea vessel
TechnipFMC has said employee safety is of “paramount importance” after confirming a virus outbreak on board one of its North Sea vessels.
Forties pipeline shutdown postponed until next year
Ineos has extended the postponement of its shut down of the Forties Pipeline System until next year due to the Covid-19 pandemic.
MPs claim oil industry faces redundancies without assistance
The UK could “sleepwalk” into “mass redundancies” in the oil and gas industry unless Chancellor Rishi Sunak takes urgent action, MPs have warned.
IOG: Oil’s freefall shouldn’t mean ‘pit of lowest price bidding’ for North Sea
The North Sea should not run “into a pit of lowest price bidding” just because the supply chain is stressed with the oil price drop, according to the chief operating officer of Independent Oil and Gas (IOG).
UK Government in hot water over ‘failure’ to publish BP North Sea drilling consent
The UK Government has been ordered to pay the costs of Greenpeace seeking a judicial review after it rubber-stamped BP’s drilling plans for a North Sea field without telling the public.
Production shut down on North Sea FPSO as another worker airlifted
Production on a North Sea vessel has been shut down in response to the removal of a crew member with “flu-like symptoms”.
Neptune maps out ambitious carbon, methane emissions cuts
Oil and gas firm Neptune Energy has mapped out ambitious targets to cut its carbon and methane emissions.
RockRose growth prospects ‘undimmed’, Brae transfer gets under way
RockRose Energy’s boss today insisted the firm’s growth prospects were “undimmed” by the slump in crude prices.
Solar well yields discovery, Finzean delayed, Westwood Global says
Westwood Global Energy reports that as of 2 April there was one exploration well that was in the process of completing, with no active E&A drilling.
The current challenges for the UK and Norway in the face of Covid-19
The world has been transformed in the past month since the COVID-19 pandemic took hold. The dramatic impact of COVID-19 on global oil demand and has been compounded by Saudi Arabia and Russia failing to agree production cuts to stabilise oil prices. With Brent trading well below US$30/bbl the resilience of the sector is once again being pushed to its limit. What does this mean for the UK and Norway upstream sectors?
Valaris set to undertake drilling works at Premier Oil’s Catcher field
Drilling firm Valaris is set to undertake drilling and subsea work at Premier Oil's North Sea Catcher field next week.
WATCH: Serica Energy workers Clap for Carers on Bruce Platform
https://www.youtube.com/watch?v=-cnA0PURvuA
Worker airlifted from North Sea vessel tests positive for Covid-19
A workers who was airlifted from a UK North Sea platform has tested positive for the Covid-19 virus.
Algerian omission moves Neptune closer to Glengorm stake acquisition
A deal that holds the key to Neptune Energy obtaining a stake in a major UK North Sea discovery took a step forward today.
North Sea fields facing swifter end to production due to oil price drop
A number of North Sea oil fields will be facing a swifter end to their economic life due to the recent oil price drop, according to a leading petroleum economist.
Temperature checks and social distancing ‘do work’ for North Sea helicopter travel, OGUK director claims
Oil and Gas UK (OGUK) has insisted temperature checks and social distancing “do work” as a Covid-19 safety measure for offshore helicopter flights, despite concerns from workers and unions over the practices.
Oil and Gas: Holding your nerve?
Investing in capital markets is, speculators aside, a long- term play. When times are good investors can relax and take pleasure in their investment prowess; when times are bad investors need to remind themselves, they are in for the long term, and play to the fundamentals.