Mohammad Sanusi Barkindo, secretary general of OPEC, said he was confident that more stability would return to oil markets in the second half of the year, but more work is required to draw down existing oil inventories to help rebalance markets
Industry
Reforming fossil fuel prices, retiring fossil fuel assets must be immediate priorities: IRENA
Governments can align immediate economic stimulus needs with medium to long-term decarbonisation and sustainable development objectives by targeting policy measures and public spending towards the energy transformation, according to the International Renewable Energy Agency (IRENA)
Mammoet wins two vital contracts for Duqm oil refinery
Mammoet, a specialist in engineered heavy lifting and transport, has been awarded two contracts for Duqm oil refinery
Lloyd’s Register wins design contract on Equinor’s Hywind Tampen
Specialist energy consultancy Lloyd’s Register (LR) has been awarded a contract for Human-Machine Interface (HMI) engineering services
A third of energy companies plan to shed jobs, says World Energy Council
The energy industry was under strain even before the pandemic, which exacerbated these weaknesses and led to the biggest ever decline in energy demand and sharply lower oil and gas prices, according to the World Energy Council’s global survey
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