OPEC Secretary General meets Azerbaijan’s Energy Minister
OPEC Secretary General HE Mohammad Sanusi Barkindo received Azerbaijani Minister of Energy HE Natig Aliyev and Ambassador and Permanent Representative of the Permanent Mission to the International Organizations in Vienna, Galib Israfilov, prior to the OPEC–non-OPEC 1st Meeting of the High-level Committee, held at the OPEC Secretariat on Saturday. Chairman of the OPEC Board of Governors and Chairman of the high-level meeting Eng. Mohamed Hamel was also present. Non-OPEC countries were invited to join in talks following the Algiers Accord, reached in Algeria on 28 September 2016.
U.N. Nuclear Watchdog Chief to Seek Third Term
The head of the International Atomic Energy Agency confirmed on Monday he would seek a third term, stressing the threat posed by North Korea and the role his inspectors could play in any diplomatic deal with Pyongyang. Yukiya Amano, a 69-year-old career diplomat from Japan, has emphasised that the work of the IAEA - the United Nations nuclear watchdog - is technical, a reference to the more political style of his predecessor, Mohamed ElBaradei. He was first elected as director general in 2009 with the support of Western powers such as the United States, which had clashed with ElBaradei over Iran's nuclear programme. ElBaradei and the IAEA were awarded the 2005 Nobel Peace Prize.
Saudi-Iran Split Muddies OPEC Long-term Strategy
OPEC has yet to agree on a long-term strategy as Saudi Arabia objects to a proposal from arch-rival Iran that the exporter group aim for tighter control of the oil market, sources said, pointing to deep divisions over the way forward. The OPEC board of governors met on Monday in Vienna to discuss the latest draft of its LTS. While they made progress on some issues, OPEC kingpin Riyadh disagreed with Tehran's proposal to include "effective production management" as a challenge for the group, two OPEC sources said. "Iran and Saudi did not agree," said one source, who declined to be identified.
Two Named to NSRI Board
Melfort Campbell and Martin Jones have been appointed to strengthen the board of the National Subsea Research Initiative (NSRI). With impressive pedigrees in innovation and technology in the subsea industry, these new board members will help NSRI deliver its aim of bringing new technology to market that will reduce costs and deliver efficiencies and help the UK subsea sector maintain its world-leading position. NSRI is the focal point for research and development in the UK’s subsea sector, which is worth $13.9billion to the economy. With a uniquely industry-led approach…
IAEA to Discuss its Role, Money Needs Under Iran Deal
An International Atomic Energy Agency (IAEA) meeting later this month will consider how to finance the monitoring of Iran's nuclear deal with world powers, a crucial step toward an eventual end of sanctions on Tehran. The IAEA has been asked to report on whether Iran is taking the necessary measures to shrink its nuclear programme as agreed in the July 14 accord, which was days later enshrined in a Security Council resolution. Without IAEA confirmation that Iran is keeping its promises, the country will not be granted much-needed sanctions relief.
GasLog Appoints New Director
GasLog Ltd. today announced that the Board has appointed Mr. Donald Kintzer as a new independent member of the Board of GasLog effective 27 October, 2014. Donald Kintzer has also been appointed a member of the Audit & Risk Committee of the Company. Mr. Kintzer will remain a member of the Board and Chairman of the Audit Committee of GasLog Partners LP. Mr. Kintzer was a partner with PricewaterhouseCoopers LLP ("PwC"), having retired in 2008, after an association of over 31 years. From 2005 to 2008, he was the managing partner of PwC’s West Region (US) Advisory practice, including the San Francisco/Silicon Valley market and was a member of PwC’s national leadership team. Mr.
BP Names New Group Chief Economist
BP today announced the appointment of Spencer Dale as its new Group Chief Economist with effect from the end of October. Mr Dale joins BP from the Bank of England where he is currently Executive Director for Financial Stability Strategy and Risk. He is also a member of the Bank’s Financial Policy Committee. In his previous capacity as the Bank’s Chief Economist, Mr Dale served for six years on the Monetary Policy Committee. Since joining the Bank in 1989, Mr Dale’s roles included working as private secretary to former Governor Mervyn King and a secondment…
