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Rita Brown

Opinion

Opinion: Pressure rising on OPEC to manage long-term output

The battle between OPEC and shale oil producers can be characterized as a two-round fight. In the first round, shale producers gained market share and the price of crude crashed. In the second, OPEC curbed output as shale producers adapted to the lower prices. Now, get ready for round three, as OPEC and Russia try to plot a way out of their production cuts but likely get stymied by market twists and turns that upset their calculations.

Opinion

Opinion: Insurers need to pull the plug on coal

Coal power plants with a capacity of more than 800 Gigawatt – 10 times the capacity of the whole British electricity system – are currently under construction or in the pipeline. A recent UNEP report has found that none of these plants can be built and existing coal capacity must be retired early if the world is to achieve the climate goals of the Paris Agreement.

North Sea

Global Energy’s Catcher help hailed

The role of the Inverness and Aberdeen-headquartered Global Energy Group (GEG) in supporting Premier Oil to reach first oil on the Catcher field in the North Sea has been hailed.

Middle East

Goldman, Citi are said to be in lead for top roles in Aramco IPO

Saudi Arabian Oil Co. is set to appoint banks including Goldman Sachs Group Inc. and Citigroup Inc. to help manage its initial public offering, people familiar with the matter said, as the state-owned crude producer pushes ahead with what could be the world’s largest share sale.

Promoted

Energy business travel spend to increase by 2019, here’s what you need to know, says Wings

Companies operating in the energy sector will still keep a close eye on business travel costs in 2018 according to Wings Travel Management, even though recovery is underway and oil prices look likely to continue rising. But better use of travel technology will be the key to maximising business travel budgets says the specialist energy sector travel provider. And if the oil price continues to rise, leading to investment in exploration, overall travel spend will increase by 2019, barring any significant geopolitical disruption.

Opinion

Opinion: A quantum leap for transition

The energy transition and digital transformation were two of the biggest trends in the energy world last year. Growing concerns about climate change are accelerating the move towards low carbon sources, while tighter margins across industries are driving digitalisation.

Opinion

Opinion: Don’t expect OPEC’s oil output deal to collapse in 2018

Whatever your view on the effectiveness of the deal between OPEC and a group of non-member countries to limit oil supply in order to drain excess inventories and boost prices, there is one thing that everybody seems to agree on -- they stuck to their guns much better than anyone thought possible for the whole of last year. But there is a growing chorus of voices calling the deal's demise this year. Here's why I believe they're wrong.

Opinion

Opinion: Securing a new deal for onshore decommissioning

Gary Hodgson, strategic projects director at Peel Ports – who own and operate of Great Yarmouth and Hunterston ports – sets out why he believes there is a realistic model for onshore decommissioning that could reduce costs for the industry and taxpayers.