Ten northern European countries agreed to deploy vessels and planes across the Baltic Sea region to protect critical undersea infrastructure in response to last month’s suspected acts of sabotage.
The gas storage facility, Rough, has pumped gas into the UK grid to meet increased demand as the country looks to use more for heating as winter looms.
Climate activists have once again turned to the Norwegian courts, this time suing the government over development plans at a handful of oil and gas fields under the sea off its coast.
Exxon Mobil will complete a $1 billion expansion of diesel production at its Fawley UK oil refinery next year, a key step in curbing the country’s reliance on imports.
A loaded liquefied natural gas tanker is stuck at an export terminal in Australia and will disrupt some shipments, adding to supply concerns ahead of the Northern Hemisphere winter.
"On a domestic political level, however, the reappointment is savvy: Tinubu knew he needed to hand big jobs to northern officials, and it doesn’t get bigger than leadership of NNPC.”
Analysts see interim CEO Murray Auchincloss as the logical candidate to steady the BP ship, while the company’s shares remain undervalued in relation to its peers.
“Don’t give me promises of green jobs, if you can't tell me what qualifications I need, where will the jobs be based, when can I apply for them and how much the pay is.”
OPEC issued a strongly worded defense of the oil-and-gas industry days before the start of the biggest ever climate talks, pushing back against the International Energy Agency (IEA) and highlighting the increasingly fractious debate over how best to tackle global warming.
More than 70,000 politicians, diplomats, campaigners, financiers and business leaders will fly to Dubai to talk about arresting the world’s slide toward environmental catastrophe.
Saudi Arabia is asking others in the OPEC+ coalition to reduce their oil-output quotas in a bid to shore up global markets but some members are resisting, delegates said.
The briefing pack on the various countries often reiterated one point. “There is no conflict between sustainable development of any country’s natural resources and its commitment to climate change.”
Oil and gas companies must let go of the “illusion” of “implausibly large” carbon capture solutions, reduce their fossil fuel production and invest more in clean energy to align with international climate goals, the International Energy Agency (IEA) has said.