North Sea can weather oil market storm, tax expert says
The UK North Sea offshore industry can weather a raging storm in global oil markets, a leading expert said yesterday.
Paul de Leeuw
Turning negative oil positive
Unprecedented, unbelievable, ‘off-the-scale’ can’t really sum up what happened to oil prices in North America on Monday April 20. Both WTI (West Texas intermediate) and WCS (Western Canadian Select) plunged to below $0 per barrel and recorded an oil price of minus $38 per barrel for the first time in history. Although there has been talk about negative oil prices for months, nobody really predicted anything on this scale.
North Sea can show ‘resilience’ amid 25-year low for oil demand, says academic
An Aberdeen energy expert has said the North Sea has an opportunity to demonstrate its “resilience” as global oil demand reaches a 25-year low.
‘Decaf gas’ can help to tackle climate change
The debate around fossil fuels and the impact on climate change is getting increasingly polarised. What we urgently need is a more informed debate based on facts and evidence.
We’re having our ‘999 moment’ on the climate emergency – it’s time to respond accordingly
It is estimated that during 2019 over 20 million people in the UK contacted the 999 emergency services to request immediate police, ambulance, fire or coastguard support or to report an emergency.
Oil price uncertainty could continue for ‘weeks’ amid US-Iran conflict
Analysts have warned uncertainty on the global oil price could continue for weeks amid the US-Iran conflict.
Aberdeen has ‘key role to play’ in reducing emissions but Scot Gov ‘clarity’ needed, industry warns
The north-east energy sector has a ‘key role to play’ in reducing emissions but the Scottish Government must provide ‘clarity’ on targets, according to industry chiefs.
All sectors must ‘work together, we have the same destination’, oil industry veteran warns
A vision of Aberdeen’s energy future was outlined by two of the Grantie City’s top industry experts last night.
North-east experts to discuss energy investment at Aberdeen renewables event
Two north-east energy sector experts will speak at a renewables event to be held in Aberdeen in December.
RGU institute director joins transition debate at Energy Voice event
North Sea oil and gas industry veteran Paul de Leeuw will take part in a panel debate on the sector’s biggest challenge to date — the energy transition.
Data to bring ‘unprecedented change’ to oil and gas
The oil and gas sector is assessing the range of new skills that will be required as it looks ahead to the next 20 years.
Let’s get Brexit resolved ‘pretty darn pronto’, de Leeuw says
The oil and gas sector needs clarity on the UK’s withdrawal from the European Union “pretty darn pronto”, an industry expert said today.
Time to deliver a workable Brexit deal, energy chiefs say
Energy sector chiefs have urged all parties and governments to deliver a workable Brexit agreement as deliberations entered “unchartered territory”.
‘More oil price upside than downside in the near term,’ observers say
Unpredictability is the only certainty in the world of crude prices. But oil industry observers believe crude prices are more likely to rise than fall over the coming months.
$900/barrel and served with a smile
Every day, people in the UK are estimated to drink over 95 million cups of coffee, which is roughly equivalent to over 170,000 barrels a day of the black liquid in the UK alone. For those of us who get our brew from Starbucks, Café Nero or Costa Coffee, we are more than happy to pay upwards of £2 for this black magic. Although a small price to pay for a moment of happiness, the cost of this cup of coffee we enjoy so much is roughly equivalent to $900 per barrel.
Hey Siri – what would a ‘no-deal’ Brexit mean for the UK oil and gas industry?
The discussion around hard Brexit, soft Brexit, divorce bill, transition arrangements, new trade deals and the Chequers Brexit plan is now rapidly turning into a bewildering array of statements, claims and counter claims.
VIDEO: Expert discusses Brexit ‘uncertainty window’ for North Sea
Access to Europe is “absolutely critical” to the North Sea as Brexit approaches, according to an industry expert.
Fracking would be ‘powerful addition’ to Scotland’s portfolio, industry leader says
Onshore oil and gas production would be a “powerful addition” to Scotland’s “portfolio”, an industry veteran said.
Opec could create North Sea ‘cash boost’
An agreement to boost global oil production may provide a cash boost to the North Sea, according to a leading analyst.
‘Opposing forces’ clouding Opec meeting, say Aberdeen analysts
A leading petro-economist has said there are “opposing forces” clouding what may happen when some of the world’s largest oil producing nations meet tomorrow.
Oil and gas “megatrends” to be examined in professional lecture
So-called “megatrends” facing the world over the coming decades will be examined at a professorial lecture in Aberdeen tomorrow.
North Sea needs 10,000 new roles by 2035, says ‘crucial’ review
The North Sea workforce will require 10,000 new roles in emerging areas such as robotics and data management by 2035, according to a new report.
Oil could breach $80 due to Trump’s Iran sanctions, Aberdeen analysts say
A tough line from the US on imposing sanctions on Iran could see the oil price reach $80 a barrel, according to a pair of leading analysts.
Still ‘too early to celebrate’ $70 oil, experts say
A Brent crude price pushing $70 will provide a “feel-good” factor for North Sea oil, but it may still be “too early to celebrate”, industry experts have said.
Oil shut-in ‘no big deal’ unless repair work overshoots, experts say
The Forties pipeline shutdown will cause pain for oil producers, but consumers will still get their oil and gas, industry experts said yesterday.