CNOOC

Opinion

Big Oil: Time for a spin-off?

With Covid-19 continuing to impact the profitability of the supermajors, Ano Kuhanathan, sector advisor at trade credit insurer, Euler Hermes, argues that now is the time for the supermajors/Big Oil to start spinning off their renewables divisions.

Promoted

Talent gets a platform

As key contributors to OGUK’s events programme, Lois Wilkinson and Isabella Busch help organise a host of events including the representative body’s annual awards, where members of the next generation achieved industry recognition.

Asia

Energy sector at risk from U.S.-China flashpoints

The increasing geopolitical rivalry between the U.S. and China has more than a 50% chance of spilling over into some form of military confrontation in the year ahead. This could involve threats, posturing, or the actual use of force, as well as have serious implications for energy companies and markets.

Asia

Chinese oil majors undervalued

Analysis from investment house Bernstein suggests that the Chinese oil majors - CNOOC, Sinopec and PetroChina - offer a potential 30% upside as they trade at a wide discount to historic prices and global peers.

North Sea

Transparent pay gap reporting highlights progress towards gender balance in oil and gas

Transparency in reporting is producing results, with most operators showing year on year improvements towards gender balance.   We encourage all employers to publish their data without delay, and use it to drive their action plans.   With metrics like the median pay gap (-3% to 46%), percentage of women at the top (5% to 35%) and percentage of women overall (11% to 41%) varying massively between organisations,  it’s clear balance is attainable within our industry but it takes sustained determination at all levels of leadership.

E&P

West of Shetland set for another barren year

Westwood Global Energy reports that as of February 24 there was one exploration well and one appraisal well active in the UK, with no change since the end of December.

Asia

Philippines pushing for upstream renaissance

Law makers in the Philippines are seeking to refocus the Philippine National Oil Company’s (PNOC’s) investment mandate towards exploration and production ventures. The move is part of an effort to revive the Southeast Asian nation’s ailing upstream sector and attract new investment as its energy security situation continues to deteriorate.