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Norways Seadrill Writes Down $2.9 Billion on Its Oil Rigs

2021-03-04 15:05:20| OGI

Offshore drilling rig contractor Seadrill said on March 4 it had taken an additional $2.9 billion non-cash impairment on its assets due to a bleak outlook for the sector, which has reduced demand for its drilling rigs.

Tags: oil billion writes rigs

 

BASF Achieves Palm Oil Commitment for 2020

2021-03-04 13:17:10| Happi Breaking News

Procures palm (kernel) oils exclusively from sources certified by the Roundtable for Sustainable Palm Oil (RSPO).

Tags: oil palm commitment achieves

 
 

OPEC+ Debates Whether to Raise Oil Output as Price Recovers

2021-03-04 11:45:00| OGI

The market has been expecting the OPEC+ group of producers to ease supply cuts but sources say some key members had suggested that oil output across the OPEC+ group should be kept unchanged.

Tags: price oil output raise

 

PATH FORWARD: How FERCs New Chair Will Impact the Oil Industry

2021-03-04 10:00:00| OGI

FERC will align with President Bidens climate goals but the energy transition cannot be done on the backs of oil and gas workers, says Ken Irvin, co-leader of global energy practice with Sidley Austin.

Tags: industry forward impact path

 

DOEs Granholm Encourages Role for Oil and Gas Industry in Energy Transition

2021-03-03 21:54:23| OGI

New U.S. Energy Secretary Jennifer Granholm envisions oil and gas companies contributing expertise to develop low-carbon fuel sources as part of the energy transition.

Tags: in industry role energy

 

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