The new coronavirus in mainland China, which has killed more than 500 people in the country since the start of the year, could have a significant impact on oil demand in the next two months, French oil firm Total's chief executive said.
"There will be a possible impact [on oil markets] in the next two months that might be substantial, China will reduce its consumption," Patrick Pouyanne said.
Brent crude futures have fallen more than 9% over the last two weeks.
The world's biggest oil producers are under pressure to cut output as crude prices slump.
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Subsea UK expects 8,928 people to find work in the industry by 2022 as a report reveals industry optimism.
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The industry body for Oil and Gas in the UK has set out a detailed plan on how it will reduce carbon emissions to net zero by 2050 in the UK and by 2045 in Scotland.
Among the plans are to reduce emissions from the productions process by updating technology and using renewable energies where possible.
Also included are plans to generate and store hydrogen in offshore reservoirs.
"We now need to move the debate on from talking about the need to act, to demonstrating what we are doing to act," said Dame Deirdre Michie in her announcement of the OGUK plan.
Serica Energy stops production from the Bruce and Rhum gas fields as well as the Keith oil field so repairs can take place.
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Profits at oil giant Royal Dutch Shell fell last year as the price of oil and gas declined.
Shell said annual earnings attributable to shareholders sank by 36% $15.3bn (£11.8bn), with earnings in the final quarter of the year tumbling 88% to $871m.
Its fourth quarter profits were hit by charges the company took for impairments on its onshore natural gas fields in North America.
Chief executive Ben van Beurden said Shell still intended to complete its $25bn share buyback programme but warned the pace of it could slow.
"Our intention to complete the $25bn share buyback programme is unchanged, but the pace remains subject to macro conditions and further debt reduction," he said.
Businessman Sir Ian Wood says the north east of Scotland can help achieve Scotland's net-zero emissions ambition.
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BP has announced that its chief financial officer (CFO), Brian Gilvary, is to retire.
Mr Gilvary, who will step down from BP's board on 30 June, has worked at the oil giant for 34 years, with more than eight years as CFO.
He will be succeeded by Murray Auchincloss, currently CFO of BP's Upstream segment.
BP chairman Helge Lund said: "We will miss Brian's financial stewardship and strategic insights. He is one of the architects of today's BP, key to its transformation into a safer, simpler and stronger company.
"On behalf of the board, I would like to thank Brian for all he has done for BP and look forward to welcoming Murray to the board."
Oil and gas companies face a big challenge as the world adopts green energy to try to cut emissions, according to a new report from the International Energy Agency (IEA).
The body also warns that companies could face a public backlash if they fail to put the climate before profits.
The report found that about 15% of global energy-related emissions come from the process of getting oil and gas out of the ground, and to customers.
"Doing nothing is simply not an option," said Fatih Birol, the IEA's executive director.
"No energy company will be unaffected by clean energy transitions. Every part of the industry needs to consider how to respond."
Egdon Resources plans to turn the existing well into a commercial oil production site.
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