Oil majors see low price environment

Falling oil price is part of the business cycle, “not oil Armageddon or the end of fossil fuels,” believes Shaikh Nawaf Al-Sabah, CEO of Kuwait Petroleum Exploration Company. He told a CERAWeek opening plenary session that low prices are the new normal that will extend into the medium term. “Oil
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Ocean Yield plans bond issue

Ocean Yield, the listed Norwegian company that invests in ships and offshore assets it charters for third parties, said it is contemplating issuing a bond.
“Ocean Yield ASA is contemplating the issuance of new unsecured bonds in the Nordic bond market with maturity in May 2020,” the company said in
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