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A report finds that more than one-third of the oil and gas sector is considering pursuing opportunities in renewables. As the energy landscape changes and the workforce faces instability, people of all stages in their professional career are asking how they can apply skills, knowledge, and training to areas such as renewables and geothermal energy. "The oil, gas and chemicals industry was built on human ingenuity; innovation and grit; and it is that same spirit that will forge the industry’s next reboot and revitalization,” Duane Dickson, Deloitte vice chairman and U.S. oil, gas and chemi...

World oil prices reach their highest levels in nearly two years By: Times News Service Photo used for illustrative purpose only Muscat: World oil prices closed on Friday at their highest levels in nearly two years, after producers agreed to increase supply from April by a smaller amount than expected. The price of a barrel of Brent North Sea crude for May delivery rose by 3.9 per cent to $69.66 in London, its highest closing price since April 2019. In New York, the price of a West Texas Intermediate (WTI) per barrel for April delivery rose by 3.5 per cent and reached $ 66.9, the highest closi...

Environmentalists often bristle when charged with being addicted to gloom-and-doom messages, but every now and then an environmental group will confirm the stereotype. In April 2006,Greenpeace mistakenly posted an incomplete draft press release on its Website that read: “In the twenty years since the Chernobyl tragedy, the world’s worst nuclear accident, there have nearly [FILL IN ALARMIST AND ARMAGEDDONIST FACTOID HERE].”  1 Alan Oxley reports that the conservation group World Wildlife Fund (WWF) has for years been playing fast and loose with the facts. 2 Some examples: A WWF ...

Oil demand to bounce back this year, says report The Covid pandemic led to oil demand contracting by 9-10 million barrels per day in 2020, but it is expected to rebound by 5-6 million barrels per day this year, a major symposium heard. The pandemic has also led to a downward revision in long-term annual economic growth by as much as 0.8 percentage points in some outlooks, a high-level report noted. The International Energy Agency (IEA), the International Energy Forum (IEF) and the Organization of the Petroleum Exporting Countries (Opec) hosted the 11th IEA-IEF-Opec Symposium on Energy Outlook...

(MENAFN - Emirates News Agency (WAM)) RIYADH, 17th February, 2021 (WAM) -- The International Energy Agency (IEA), the International Energy Forum (IEF) and the Organisation of the Petroleum Exporting Countries (OPEC) today hosted the 11th IEA-IEF-OPEC Symposium on Energy Outlooks to examine the impact of the COVID-19 pandemic on global energy markets and the outlook for global energy security and market stability. Hosted by the IEF, the symposium reviewed the IEA's and OPEC's short-, medium- and longterm outlooks, which are analysed in the newly released IEF-RFF Outlooks Comparison Report. Pr...