Dolphin scraps rig contract with Nigeria’s Peak
The Norwegian drilling company flagged problems in Nigeria during its third quarter results, filed on November 28.
Norway’s new gas field highlights tensions as climate talks open
As policymakers in Dubai search for consensus on tackling climate change, the scale of the challenge is evident in the stormy waters of the North Sea, where Norway is opening another gas field.
Energy minister opens new Edinburgh office for ScotWind developer
Scottish energy minister Gillian Martin officially opened a new Edinburgh HQ for floating wind venture partners Bluefloat Energy and Renantis.
Angola breaks with OPEC quota decision
Angola Minister of Mineral Resources, Oil and Gas Diamantino Pedro Azevedo said the decision on cuts had not been unanimous.
UAE launches $30bn funding platform for fairer finance
COP28 President Sultan Al Jaber will chair Altérra, while Ambassador Majid Al Suwaidi, COP28 director-general, will be CEO.
Orcadian agrees seven day extension with potential Pilot operator
Orcadian (AIM: ORCA) has agreed a a seven day extension with a potential operator on its P2244 licence in the Pilot field.
Prax to buy out Total from Natref refinery
“The acquisition marks another significant milestone for the Prax Group, and will create unique opportunities across the South African supply chain, meeting the needs of customers and communities for years to come.”
Oil’s wild ride is driven by a disruptive band of bot traders
While algorithmic CTAs add much-needed liquidity to the market, their trading strategies can amplify daily swings to an extreme. In 2022, when CTA trading volumes rapidly expanded, New York oil futures posted a more-than $2 daily move 242 times.
