Oil output dropped despite OPEC cuts
Oil prices fell on Monday as the market realised demand does not rebound as quick as supply needs to balance or even to keep storage from filling, despite the OPEC+ cuts
Industry
Shell dividend cut ‘sensible and prudent’, says WoodMac
Anglo-Dutch supermajor Shell has slashed its dividend by 66 per cent, the first time the company has cut cash distributions to shareholders since World War II
Q1 oil industry results reaffirm industry instability, says GlobalData
Following the release of Q1 results from several oil and gas companies, Ella Benson Easton, thematic analyst at data and analytics company GlobalData, has offered her view
Okeanus Science & Technology partners with SeaRobotics to offer AUVs
Okeanus Science & Technology (Okeanus), a provider of oceanographic rental equipment and turnkey survey systems, has announced a new partnership with SeaRobotics Corporation, a leading developer of unmanned marine systems, in a move to make Autonomous Surface Vehicles (ASVs) increasingly available for international rental
Wood secures partnership agreement with Sasol South Africa
Wood, the global engineering and consultancy company, has been appointed as an engineering partner in a five-year partnership framework agreement with Sasol South Africa (Pty) Ltd (Sasol)
