Oil fell for a third day as President Donald Trump failed to provide any fresh details on trade negotiations with China, disappointing investors who had been hoping for some progress toward a limited deal.
It was the beginning of an exciting week when Greenpeace announced they had sent activists to the middle of the North Sea to climb the remains of Shell’s Brent platforms, brandishing signs of “clean up your mess”.
A boss at Shell has insisted that leaving the huge concrete legs of the Brent platforms at sea was the “right thing to do”.
Oil traded higher after a surprise U.S. crude stockpile draw coupled with an outage at a key North Sea pipeline tempered weak economic data from Germany.
A rule placing liability on operators for any post-decommissioning incidents could be a “key part” of the Shell Brent debate, according to a petroleum economist.
As someone with a keen interest in decommissioning decision making, I have followed the Brent decommissioning saga with that same keen interest.
Germany has said a special meeting on Shell’s Brent decommissioning plans will be the “litmus test” for a convention to protect Europe’s marine environment.
Climate activist group Greenpeace has halted its protest action at a Shell North Sea field, leaving a graffiti slogan on the Brent Bravo platform.
Greenpeace said last night that protestors would occupy two North Sea oil platforms for “as long as needed” to get their message across.
An academic has asked whether removing concrete structures within Shell’s Brent platform legs is the right thing to do as such an operation would include risk to life.
Shell submitted plans in 2017 to leave the giant legs of three of its four Brent platforms and some other infrastructure in the North Sea.
The Dutch government has protested Shell’s decommissioning plans for the Brent field ahead of a key meeting next week.
Oil kept falling after its biggest weekly drop since July as signs that reaching a comprehensive U.S.-China trade deal will be tough gave no respite from a worsening demand outlook.
Oil is heading for the biggest weekly loss since July on indications Saudi Arabia is restoring lost crude production quicker-than-expected after attacks on its key energy infrastructure.
Oil fell on signs Saudi Arabia is making progress in restoring output even as uncertainty remains about the kingdom’s ability to bring back all lost supply by the end of the month.
Oil resumed gains as tension between the U.S. and Iran ratcheted up following the attacks on Saudi Arabia, while doubts remained over how fast the kingdom would be able restore lost output.
The threat of war in the Middle East is pushing oil prices higher again, capping one of the most dramatic ever weeks for crude in which 5% of the world’s supplies were cut by attacks on Saudi production facilities.
Oil stabilised on signs Saudi Arabia is quickly restoring production following a debilitating weekend attack after two tumultuous days in which it surged the most on record and then pared around half of that gain.
Oil plunged nearly 7% in London after Reuters reported Saudi Arabia is close to restoring 70% of the oil production it lost after this weekend’s attack on a key crude facility in the kingdom.
The oil price spike caused by a drone attack on a major Saudi processing facility will provide a welcome − but short-lived − boost to North Sea revenues, a prominent petroleum economist has said.
Saudi Aramco is growing less optimistic that there will be a rapid recovery in oil production from the weekend’s attack and now faces weeks or months before the majority of output is restored at the giant Abqaiq processing plant.
Oil markets are grappling with uncertainty over how long it will take Saudi Arabia to restore output after the devastating attacks that knocked out 5% of global crude supply.
Oil posted its biggest ever intraday jump to more than $71 a barrel after a strike on a Saudi Arabian oil facility removed about 5% of global supplies, an attack the U.S. has blamed on Iran.
Yard owner Able UK has published breathtaking footage of the helipad being detached from Shell's Brent Bravo platform.
ExxonMobil is considering a sale of its North Sea assets as it focusses on US shale production, according to a news report.