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Ed Reed

Podcast

EVOL: Repsol ponders, Prax strikes and a biofuel pause

The rumour mill has kicked into overdrive amid discussion that Repsol is considering the acquisition of NEO Energy, even while politics has overshadowed the energy sector. While some companies are moving away from the North Sea, others are choosing to stick it out, Ryan explains, on the basis that it can’t get any worse.

Podcast

EVOL: Redundancies, champions and a touch of glamour

Now that Repsol has settled its spat with Sinopec, the company has admitted it is “reviewing” its structure, with nearly 100 jobs expected to go. It set out plans recently for more activity, striking a slightly unusual tone – and failing to blame the windfall tax, unlike many of its contemporaries.

Podcast

EVOL: Aramco dips, another Pemex disaster and Harbour vs cigs

Saudi Aramco ditched around one third of its jackups this week in a sign that the oil-rich state is demonstration of a move away from some of its grandiose visions. The market remains tight, with South East Asia likely to provide a home for spare capacity. Whether the North Sea, beset by windfall tax woes, can secure some of these newly idle jackups remains to be seen.