Saudi Arabia urged fellow members of OPEC+ to “keep our powder dry” before crucial talks about whether to increase oil production next month.
For the vast majority of the UK’s workforce, the commute to the office typically involves driving a car, catching a bus or train, hopping on a bike or walking. But not for the thousands of oil and gas workers that travel to installations miles offshore every day – including 20-year-old apprentice Scott Milligan.
Business leaders, including former Liberal Democrat leader Sir Vince Cable, have welcomed a £30million-plus Budget package for the Aberdeen energy sector.
The UK energy minister said the government is endeavouring to strike a “careful balance” between achieving net zero while preserving North Sea oil sector skills and security of supply.
Nigerian energy officials have visited Morocco in a show of support for an ammonia plant in Akwa Ibom State.
Most OPEC+ members increased oil exports in February despite pledges by the cartel to keep supply steady.
Policies intended to tackle climate change are “closing doors on opportunities to allow poorer nations” to secure energy access, Renergen CEO Stefano Marani has said.
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.
Chevron has successfully cleaned up an oil spill from one of its pipes, at the Dumai Port in Riau, Indonesia, that is used to ship hydrocarbons from its Rokan Block.
Adnoc has signed up two more potential Murban Futures customers and lifted destination restrictions, in addition to providing more market information.