The UK has become the first country to agree a deal with the oil and gas sector to support it as it transitions towards cleaner forms of energy, making it the first Group of Seven (G7) country to do so. Continue reading UK agrees transition deal for oil and gas industry
Category: Oil Industry
Shell considers connecting executive pay with climate performance
The Anglo-Dutch oil major Royal Dutch Shell has suggested furthering its decarbonisation strategy by strengthening the link between climate objectives and Continue reading Shell considers connecting executive pay with climate performance
UK approves new North Sea projects
The UK government recently gave the go ahead to drill more North Sea wells, which it says will safeguard the industry and the thousands of jobs related to it. Continue reading UK approves new North Sea projects
EIA anticipates rising oil prices in April
The US Energy Information Administration (EIA) has forecasted in its March Short-Term Energy Outlook that crude oil prices will rise in April, due in part to Continue reading EIA anticipates rising oil prices in April
Aramco looks to China for blue hydrogen production
According to Amin Nasser, the CEO of Saudi Aramco, the world’s biggest oil company is looking to cooperate more with China in areas like the production of ammonia and hydrogen from natural gas, as well as Continue reading Aramco looks to China for blue hydrogen production
North Sea carbon storage project gets government backing
The UK government has given its backing to the union of three projects concerning carbon capture, use and storage (CCUS) in the Humber and Teesside regions, which together represent Continue reading North Sea carbon storage project gets government backing
Trading earnings doubled for Shell last year
According to a report from oil major and lubricant producer Royal Dutch Shell, the company’s trading division doubled its earnings to Continue reading Trading earnings doubled for Shell last year
Libya aims to raise oil production this year
Speaking to Bloomberg Television in an interview, Mustafa Sanalla, the Chairman of Libya’s National Oil Corporation (NOC), said the country is aiming to increase its oil production to 1.45 million barrels per day Continue reading Libya aims to raise oil production this year
Total’s CEO predicts oil prices
The Chief Executive Officer of Total, Patrick Pouyanne, said on the BFM Business radio station that he does not Continue reading Total’s CEO predicts oil prices
US oil production to stay below pre-pandemic levels
Vicki Hollub, the CEO of the international energy company Occidental, has said that she doesn’t expect US oil production to return to the same level it was Continue reading US oil production to stay below pre-pandemic levels
