Cities will drive the energy transition agenda, Lord Provost says
Cities will be the key drivers of change in the transition to a low-carbon economy, Aberdeen’s Lord Provost said yesterday.
CERAWeek
Bond vigilantes slap oil bosses with junk tag on $258billion debt
They have sold off hundreds of oil fields, eliminated thousands of jobs and slashed millions of dollars from capital spending and dividends.
For Exxon and Shell the age of the ultra-major comes at wrong time
The $64 billion tie-up of Shell with BG Group and the steady growth of Exxon Mobil re creating a new league of two: the ultramajors.
Saudis tell oil producers to cut costs or get out of the business
The world’s most powerful oilman brought a harsh message to Houston for executives hoping for a rescue from low prices: high-cost producers - many of them sitting in the room - need to either “lower costs, borrow cash or liquidate."
Oil industry set to further reduce spending this year says IEA chief
The oil industry is set to further reduce spending this year as crude prices remain low, according to the head of the International Energy Agency, signaling more pain for oil services and engineering firms.
Lessons from CERAWeek: what we heard on conference’s day one
So what do 2,800 or so of the world’s elite energy minds talk about when they gather at Houston’s IHS CERAWeek energy conference? Here’s a taste of what we heard on Monday.