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  • After more than a year of trade tensions, the US and China signed a ‘phase one’ trade deal on 16 January 2020. As part of the deal, China has agreed to increase the value of energy imports by $52.4bn above 2017 levels over the next two years. What could this mean for the oil market?Ann-Louise Hittle...

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  • Oil and gas companies are facing a critical challenge as the world increasingly shifts towards clean energy transitions. Fossil fuels drive the companies’ near-term returns, but failure to address growing calls to reduce greenhouse gas (GHG) emissions could threaten their long-term social acceptabil...

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  • Eni has started production at its offshore Agogo oil field, located in block 15/06 offshore Angola just nine months after the field’s discovery.Some 20,000 b/d of production is targeted over the next few weeks. According to preliminary estimates, the field holds over 650mn barrels of oil in place, w...

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  • European refineries expect the largest impact from new IMO 2020 sulphur emissions regulations, yet just 23% of these refineries are focusing on operational improvements targeting higher availability to make low sulphur fuels, according to a global study of senior employees in the refining industry, ...

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  • The Chairman of the Oil and Gas Authority (OGA) has said that the oil and gas industry's ‘social licence to operate’ is under serious threat and there is no scope of a second chance, adding that it must do more to help solve the challenges of climate change and the drive to net zero.A...

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  • The US and Iran seem to be have stepped back from the brink of armed conflict, after Iran fired more than a dozen missiles at two airbases housing US and coalition troops at Irbil and Al Asad, west of Baghdad, Iraq, on 8 January 2020, according to media reports. Oil prices rose above $70/b, the...

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  • Woodside (operator, 35%), Cairn Energy (40%) and FAR (15%) have signed a joint final investment decision (FID) statement, in agreement with Petrosen (10%) and the government of Senegal, regarding the Phase 1 development of the Sangomar field offshore Senegal.Phase 1 of the project will target estima...

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  • Chevron has joined the Hydrogen Council, a global advisory body providing a long-term vision for the role of hydrogen in the energy transition.Hydrogen is used at Chevron refineries to refine crude and in other chemical processes. From 2005 to 2010, the company operated five...

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  • On behalf of the Troll partners, Equinor has awarded Aker Solutions a front-end engineering and design contract (FEED) for topside modifications to accommodate power from shore at the Troll B and C platforms.‘This is an important award that supports the industry’s ambition to reduce its greenhouse g...

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  • A downcycle in China’s petrochemical industry could start in 2020 according to a recently published report from Wood Mackenzie. A supply overhang has already hit the country’s paraxylene (PX) market, with olefins and polyolefins markets almost certain to face the same, notes the consultancy.China is...

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