oil

Africa

Sasol may add pipeline and Qatar plant to disposal plan

15/05/2020

Sasol Ltd. is considering additional divestments, including the potential sale of stakes in an African gas pipeline and a Middle Eastern plant, as it explores ways to reduce its $10 billion debt pile, people with knowledge of the matter said.

Coronavirus

UK maintenance spending to reach lowest on record, Rystad says

12/05/2020

Western Europe’s maintenance, modification and operations (MMO) market will likely take a major hit in 2020 a Rystad Energy impact analysis has revealed, thanks to severe spending cuts and Covid-19 transportation restrictions. Spending in Norway is expected to fall to $3.4 billion this year – an 18-year low – while UK spending is on track to fall to $2.9 billion, the lowest level seen since at least 1990.

Coronavirus

Focusing on the future – what’s next for the oil and gas sector?

07/05/2020

Despite the uncertainties raging around us, as an industry and as individuals we have adapted quickly to the challenges of lockdown. The return to normal may prove a longer, challenging but potentially rewarding path, believes Jon Clark, EY EMEIA Oil & Gas strategy and transactions leader.

Coronavirus

Sector’s Covid-19 response vigorous

04/05/2020

2020 arrived with a much-needed feeling of optimism and positivity throughout the industry. The long anticipated, planned Forties Pipeline Shutdown (FPS) presented the optimum opportunity for many Operators to align their summer shutdown campaigns and engineering project scopes to coincide.

Opinion

Stop hoping for a boom

04/05/2020

In the ’80s, well before my time in industry, there was allegedly a popular bumper sticker in oil towns.