Friday, May 15, 2026

Norwegian strikes could escalate further

argus Industrial action could result in the closure of more Norwegian oil and gas fields, with Norway’s security personnel union to strike at heliports used for transport to offshore platforms from midnight tonight. Security guards will begin strike action at heliports at midnight local time tonight, the Norwegian Confederation of Trade Unions has said. This is in addition to the

Petronas posts nine-months loss

Offshore-energy Malaysian energy giant Petronas posted a loss for the nine months of 2020. The company reported a loss after tax of 19.9 billion Malaysian Ringgit ($4.89 billion), mainly due to impairment loss on assets and lower earnings before interest, tax, depreciation and amortization (EBITDA). To note, Petronas posted EBITDA of 43.3 billion Malaysian Ringgit ($10.6 billion). The company’s profit

BP -oag360

BP investing in Middle East oil while pledging a renewables shift – A double standard?

Bloomberg BP said it will invest more money in Middle Eastern oil and natural-gas fields even as it transitions to renewable energy and tries to lower emissions. The company is a major producer in countries such as Iraq, where it operates the world’s third-largest oil field of Rumaila, the United Arab Emirates and Oman. It’s focusing on their low-cost oil,