Oil & Gas

Coronavirus

Saudi, Russia rift widens

06/04/2020

US President Donald Trump’s call for a 10 million barrel per day – or even 15mn bpd – cut drove up oil prices last week but weak demand continues to run the show, with little respite expected from talks due to take place this week.

Asia

Upstream spend at risk in Asia Pacific

06/04/2020

Demand destruction and sustained oil prices below $40 per barrel mean Asia Pacific is bracing itself for a brutal wave of cost cutting that will see its reliance on imports rise as upstream investment is hit hard.

Oil & Gas

Pain won’t last forever

06/04/2020

While some predicted it, most of us never saw it coming. The uncertainty and pace of change in the upstream sector over the past month has been spectacular and has turned businesses and our lives upside down.

Coronavirus

OPEC+ poker game on Monday: Russia holds better cards than Saudi Arabia

03/04/2020

A month after the last unproductive OPEC+ meeting and with Covid-19 slashing demand amid the ongoing price war, the US has managed to broker a new extraordinary meeting for oil-producing nations. Russia and Saudi Arabia will be back to the negotiating tele-table on 6 April 2020 to discuss the output cuts of at least 10 million barrels per day (bpd), first announced by US President Donald Trump on Twitter on 2 April 2020.

Coronavirus

The current challenges for the UK and Norway in the face of Covid-19

03/04/2020

The world has been transformed in the past month since the COVID-19 pandemic took hold. The dramatic impact of COVID-19 on global oil demand and has been compounded by Saudi Arabia and Russia failing to agree production cuts to stabilise oil prices. With Brent trading well below US$30/bbl the resilience of the sector is once again being pushed to its limit. What does this mean for the UK and Norway upstream sectors?

Oil & Gas

AI vs data privacy: OGTC flagship event goes online

03/04/2020

The Oil & Gas Technology Centre (OGTC) will launch the first of its Tech20 Virtual series with ‘Artificial Intelligence vs Data Privacy: a 21st century David and Goliath story’, taking place Friday 3 April, 11:00-12:00 GMT.

Africa

DPR imposes worker limits

02/04/2020

Nigeria’s Department of Petroleum Resources (DPR) has ordered companies to limit the number of personnel at sites, in line with a directive from Nigerian President Muhammadu Buhari.