26 September 2024
26 September 2024
It was reported earlier this week that several US oil companies were working to evacuate their staff from oil production platforms.
A Greenpeace report shows that the ageing vessels are a major environmental concern in one of the busiest shipping regions in the world.
Saudi Arabia is preparing to increase its oil output to regain its market share, with abandoning its required oil price part of the plan.
The judicial review cases, initiated by climate campaign groups Uplift and Greenpeace, target the Rosebank and Jackdaw developments.
The company emerged victorious over competing bids from industry giants bp and EOG Resources.
In July, the US Department of Energy (DOE) reported it was seeking up to 4.5 million barrels (mbbl) for the Strategic Petroleum Reserve (SPR) from October through December.
The oil body said there "has been further recognition that the world can only phase in new energy sources at scale when they are genuinely ready”.
Expanding charging infrastructure presents huge challenges and opportunities for traditional oil and gas companies.
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