Rystad Energy: Oil Slips on Covid Vaccine Efficacy Concerns
The looming shadow of the Omicron Covid-19 variant is growing darker over global oil markets today following concerning news regarding vaccine effectiveness from the CEO of Moderna. When the first Covid-19 vaccines were announced to the public, the shots pushed oil prices up, doubling in less than a year, which shows …
Gazprom Neft and Schlumberger will Develop Digital Services in Oil Production
Gazprom Neft and Schlumberger signed a memorandum of cooperation in the development of digital services to improve oil production efficiency. The document was signed by Andrey Belevtsev, Director of Digital Transformation at Gazprom Neft, and Rustam Biktimirov, Vice President for Digital Technologies and Integration at Schlumberger in Russia and Central Asia. …
Kongsberg Digital (KDI) and Aker BP Extends Collaboration Agreement to Accelerate Data Utilization
The purpose of the agreement is to provide an enterprise-scale solution for real time data aggregation and visualization, helping Aker BP to improve performance, safety and optimize well operations. Kongsberg Digital (KDI) is pleased to announce that it has signed a new extended contract with Aker BP to further strengthen …
Rystad Energy: Oil Recovers as Market Corrects Friday’s Panic Selloff
The emergence of another Covid-19 variant is definitely threatening the level that oil demand has managed to recover to, but Friday’s selloff was erred for the extreme even for a Black Friday sale. Omicron caused a market panic that elicited memories of the April 2020 prince plunge, but now that …
Rockwell Automation: Asa Arvidsson Appointed as Vice President of Nordic Group EMEA
The main task of the leader – to convey the benefits of digital transformation to industrial enterprises in the region. Rockwell Automation Company Inc., a global leader in industrial automation and digitalization , today announced that Asa Arvidsson becomes the new vice president of the Nordic group in the EMEA …
Rystad Energy: Oil Prices Trimmed on OPEC Bearish Language
Oil prices are a little trimmed today as a result of bearish language by OPEC’s research arm on implied stock builds already materializing as early as December 2021 due to the SPR releases. Further downward pressure is added by the EU announcement that there will likely be an introduction of …
3t Energy Group: Strengthens Leadership Team with New Appointment
Leading training and technology organisation, 3t Energy Group, has appointed a new director of strategic projects to support the business as it enters its next exciting growth period. Jill Ogilvie will work with the senior management team on a range of strategic initiatives to help 3t Energy Group cement its …
Rystad Energy: Gas Market Trends Differ Across Geographies, LNG Charter Demand Strong Despite Eye-watering Shipping Rates
In Europe, TTF prices are once again trending higher, reflecting the discomfort around winter supply availability, with a volatility booster from the US announcement of sanctions against a ship involved in the construction of the Nord Stream 2 pipeline in the Baltic Sea linking Russia and Germany. The market remains …
Rystad Energy: A Deep Dive into the Coordinated SPR Release and its Effect on Oil Balances and Prices
A new and unchartered type of price war is brewing in the oil market. The world’s biggest consumers of oil have pledged an unprecedented and relatively sizeable release of strategic reserves onto the market to quell high oil prices amid pandemic recovery. The orchestrated release of what we estimate will …
DNV and Applied Risk Join Forces to Defend Energy Sector Against Escalating Threats
DNV, the independent assurance and risk management provider, will acquire industrial cyber security specialist Applied Risk. The two companies will join forces with the aim to build the world’s largest industrial cyber security practice, defending critical infrastructure in energy and other industrial sectors against emergent cyber threats. Threats to industrial …