by Maureen Watt, MSP for Aberdeen South and North Kincardine
This week the first minister began her visit to China by discussing trade deals and witnessing the agreement between Aberdeen-based Triton Marine & Engineering Consultants and China Offshore Oil Engineering Corporation (COOEC) being signed.
Oil headed for the biggest weekly advance in more than eight months on speculation tensions in the Middle East may lead to supply disruptions, reinforcing a buy call on commodities by Goldman Sachs Group Inc.
Oil companies put cybersecurity initiatives on hold while crude prices languished at multi-year lows in 2015 and 2016, falling behind in hardening their systems while state-sponsored hacking groups only got more proficient at probing U.S. energy networks, security experts say.
State-owned oil giant Saudi Aramco has said today that it is seeing the benefits of a collaboration formed last year between the firm and the Exploration and Petroleum Engineering Center (EXPEC) Advanced Research Center (ARC) established Women at EXPEC ARC Network (WEN).
Oil giant Shell said today that it will continue to “sell the oil and gas that society needs” but is also positioning itself to transition further into low-carbon energy when it “makes commercial sense”.
The expanding network of giant windmills in the North Sea -- the largest such collection in the world -- is turning into a windfall for some bankers helping institutional investors acquire a piece of Europe’s renewable-energy market.
The deal OPEC struck in 2016 to clear a global glut by halting a significant chunk of oil production took almost a year of bargaining and brinkmanship. By year-end, the group may have lost the same amount of crude unintentionally.