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Holding the line
The issue that currently dominates the outlook for the oil market is the outcome of OPEC’s ministerial meeting in Vienna on 30 November. It has only been two months since OPEC last met in Algiers and announced it would examine…
DONG Energy Confirms Sale of Oil and Gas Arm to Focus on Renewables
Danish energy giant DONG Energy has confirmed plans to sell its oil and gas business as part of the company’s “strategic transformation” into a global leader in renewable energy. “We have decided to initiate a process with the aim of…
OGCI Announces $1 Billion Investment to Accelerate Development and Deployment of Innovative Low Emissions Technologies
The Oil and Gas Climate Initiative (OGCI) announced an investment of $1 billion over the next ten years, to develop and accelerate the commercial deployment of innovative low emissions technologies. OGCI Climate Investments (OGCI CI) will aim to deploy successfully-developed…
1st Meeting of the High-level Committee of the Algiers Accord – OPEC and Non-OPEC Oil Producing Countries
The OPEC High-level Committee, established by the Algiers Accord, met with non-OPEC oil producing countries on Saturday, 29 October, at OPEC headquarters in Vienna. It was preceded by the first High-Level Committee Meeting, held Friday, 28 October, among OPEC Member…
Dong Energy Considers Sale of Oil and Gas Assets to Focus on Windfarms
The biggest windfarm operator in the UK is considering selling its oil and gas business, four decades after it was set up to manage Denmark’s North Sea oilfields. Dong Energy, which is majority owned by the Danish government, said it…
More Northeast Natural Gas Pipeline Capacity Brings Questions
Led by the surge in Appalachia’s Marcellus and Utica plays, U.S. natural gas production has increased over 50% since 2005 and related infrastructure to move the gas has become short. This is really not just an issue for the U.S.…
OPEC Secretary General to attend annual meetings of the IMF and the World Bank Group
OPEC Secretary General, HE Mohammad Sanusi Barkindo, along with a delegation from the OPEC Secretariat, will be attending the Annual Meetings of the Boards of Governors of the International Monetary Fund (IMF) and the World Bank Group (WBG) that take…