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StanChart: OPEC+ Is About To Become Much More Transparent

OilPrice

According to a press release, the group pledged to develop a mechanism to assess the maximum sustainable production capacity (MSC) of member countries that will be used as reference for 2027 production baselines.

Mechanic 194
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Tired Baselines Complicate Opec+ Market Management

Mees

Previous attempts in 2023 were never implemented, but delegates will discuss a new mechanism in the coming months which will be used for setting 2027 baselines. Saudi Arabia is leading an attempt to revamp out of date Opec+ baselines which are hampering the groups market management efforts.

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New UK levy to level carbon pricing

Energy Central

UK is to implement a new import carbon pricing mechanism by 2027 to support the decarbonisation drive.

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Checking out Vaeridion's electric 'microliner' concept

Oilholics Synonymous Report

The plane itself will run on a single propeller, but with multi-engine support of two mechanically and electrically segregated motors. The electric power train would be supported by rechargeable high voltage batteries integrated in the plane's wing. The microliner will have a dual flight deck and can be operated by a single pilot.

Engineer 157
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Oil Review Middle East - Untitled Article

Oil Review Middle East

Located around 65 km northwest of Abu Dhabi, Lower Zakum Field is one of ADNOCs most significant offshore assets as it seeks to meet its production target of 5mn bpd by 2027. Wood will develop crude oil stabilisation mechanisms at Das Island, which will support the sustainable production of oil at the site until 2035.

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Hydrogen’s chicken-and-egg problem persists as buyers hesitate

Oil & Gas 360º

On the supply side, pull factors taking the levelized cost of hydrogen down include support mechanisms for capital cost and financing. The amount of emissions covered will expand greatly when Phase 2 starts in 2027 with the inclusion of Brazil, India, Russia and China in the scheme.

E&A 130
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Management skills for modern managers 

SmartBrief

As the Fourth Industrial Revolution unfolds, the World Economic Forum estimates that 44% of workers core skills will need to be updated by 2027, emphasizing the urgent need for new competencies to keep pace with technological advancements and Gen AI. However, technical expertise alone is insufficient.