Enron legacy returns in battle over $80 million yacht
Almost two decades after the collapse of Enron Corp., a former unit of the energy-trading giant is sparring with US and Nigerian authorities over the proceeds of the sale of a luxury yacht.
oil
North Sea went a week with zero medivacs for workers with Covid symptoms
North Sea industry recently had a week free of evacuations of workers with Covid-19 symptoms from offshore platforms.
Spirit Energy reaches ‘crossroads’ at North Sea field
Spirit Energy has reached a “crossroads” at its Chestnut field in the central North Sea as it weighs up whether to drill new wells.
Enterprising former oil workers clear out virus with ‘fog’
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.
North sea oil worker records incredible moment orcas surround boat
A North Sea oil worker has captured stunning footage of the moment a pod of orcas surrounded his vessel.
Russian mercenaries seize Sharara
Russian mercenaries are reported to have arrived at the Sharara oilfield, Libya’s National Oil Corp. (NOC) has said.
Venezuela oil crisis deepens as Indian refiners halting imports
India’s largest private refinery halted purchases of Venezuelan oil, putting additional pressure on the Latin American country’s beleaguered oil industry.
Covid spike in US threatens oil’s remarkable price rally
A spike in U.S. coronavirus cases is threatening the oil market’s recovery from its historic plunge into negative territory.
Let’s seize chance to turn North Sea into integrated energy zone
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.
Cheiron starts up Gulf of Suez production
Cheiron has begun producing crude from a new field in Egypt’s southern Gulf of Suez, following the GNN oil discovery.
The big oil turnaround: From negative prices to a bull market
Every day, traders in London congregate at 4 p.m. to buy and sell North Sea oil for half an hour. The window, as it’s known in the industry, is where competition between the most powerful players in the market sets the price of Brent crude.
Tributes to Highland oil worker and father
An oil worker from the Highlands who died suddenly in Azerbaijan has been remembered as a “cheeky character” and a “kind bloke”.
£4.5m pledge to support oil and gas skills
The North Sea oil and gas industry is poised to benefit from a new £4.5 million scheme to support the retention of essential skills during and after the Covid-19 crisis.
Minister hints North Sea retraining scheme could be relaunched
Economy Secretary Fiona Hyslop has hinted that an oil and gas “transition training fund” will be relaunched to help offshore workers who have lost their jobs during the pandemic.
World needs Covid-scale emissions cuts every other year, says BP boss
The world needs emissions cuts on a par with those delivered by the Covid lockdown every other year for the next 25 if it is to reach net-zero by 2050, BP’s chief executive said today.
Tank collapses at Sharara amid fragmented conflict
A tank has collapsed at Libya’s Sharara field, the National Oil Corp. (NOC) has reported.
Updated: Helicopter operator CHC to cut more than 20 Aberdeen jobs
North Sea helicopter operator CHC is poised to lay off more than 20 employees in Aberdeen amid the crude price slump and Covid-19 pandemic.
BP highlights diverging views on the future of oil and gas, Westwood Global says
BP’s announcement that it is going to write down the value of its exploration assets by $8-10 billion (56-70%) shows the accounting impact of its energy transition strategy.
North Sea oil sector aims to halve emissions in 10 years, but warns of need to bridge ‘gaps’
The UK’s offshore oil and gas sector today made an ambitious pledged to wipe out half of its emissions over the next decade.
ExxonMobil gets ready to restart sale of UK North Sea business, report says
US supermajor ExxonMobil is gearing up to restart the sale of its UK North Sea business, a news report said.
Rig workers hit out at ‘ridiculous’ quarantine rules
Oil and gas workers have hit out at what they deem to be “ridiculous” Covid-19 quarantine rules that have made a section of the industry “second-class citizens”.
Oil heading for first weekly drop since April due to virus recovery fears
Oil is heading for the first weekly loss since late April in New York on fears a second wave of U.S. infections could derail a fragile recovery, while swelling stockpiles raised fresh concerns about excess supply.
Oil plummets with economic jitters surging through markets
Crude futures plunged by the most in more than two weeks as jitters reverberated through markets a day after the Federal Reserve provided a gloomy outlook for the U.S. economy.
Kuwait plans to curb expat hiring
Kuwait intends to ban the practice of hiring expatriate workers at Kuwait Petroleum Corp. (KPC) and its subsidiaries.
Oil slides after US crude stockpiles expand to record
Oil slumped as an increase in American crude stockpiles to a record high raised fresh concerns about excess supply, while the Federal Reserve forecast a long road to recovery for the U.S. economy.