Industry & technology

postponed

Deutsche Messe has today announced that Hannover Messe 2020 will be postponed to July in response to global developments related to the coronavirus. The trade fair for industrial technology, expected to attract 200,00 visitors, will now take place on 13th-17th July at the Hanover Fairground, Hanover, Germany. The Hannover Region Health Authority strongly recommended the Deutsche …

U.S.

A recent ransomware attack caused a U.S. natural gas compressor facility to shut for two days, the latest in a string of attacks targeting the country’s energy infrastructure over the past few years. Hackers sent emails with a malicious link, known as a phishing attack, to gain control of the facility’s information technology system, the …

carbon

BP is expanding its team working on carbon capture and storage projects as part of its ambition to zero out net greenhouse-gas emissions by 2050. The oil major has added staff over the past 12 months and is reorganizing teams that have been dispersed within different units of the company, a spokesperson confirmed. The moves …

OPEC

Russia’s key oil producers voiced support for the idea of extending OPEC+ output cuts into the second quarter, as the global oil market awaits a definitive response to the coronavirus outbreak. Executives who attended a meeting with Russian Energy Minister Alexander Novak on Wednesday said there was no final decision and gave no indication of …

coronavirus

The coronavirus epidemic in China has triggered restrictions in the country’s public transport and air travel, both at a domestic and an international level, reducing demand for oil, which has lost about a fifth of its value since the start of the year, according to a latest report by Norwegian energy intelligence firm Rystad Energy. …

LNG

Two of Europe’s biggest energy companies rejected a Chinese force majeure on liquefied natural gas contracts in the latest twist to a drama that’s gripping global commodities markets. Shell and Total didn’t accept the legal grounds for the move by CNOOC that would have freed it from its contractual obligations to take delivery of the …