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[sarkasm] 24/9/2018 14:05

ENERGYVOICE


Oil & Gas
BP, Shell, Equinor, Total form ‘human rights’ joint force

Written by David McPhee - 24/09/2018 1:23 pm

A woman engineer working for Shell represents the culture shift that is taking place in workplaces across the UK
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The chiefs of BP, Shell, Equinor and Total are to join forces in an attempt to highlight suppliers who respect the human rights of their workforce.

Announced today, the agreement will see the oil firms look to “create a collaborative approach to human rights supplier assessments in the energy industry”.

The joint agreement would attempt to make it easier for firms who have a proven track record of good human rights practice to promote it.

But the firms also added that the agreement does not include “collaboration on selection of suppliers, which continues to remain the independent decision of each participant”.

A spokesman of Equinor said in a statement: “Participating companies recognise the importance of working with suppliers that respect human rights, in line with the UN Guiding Principles on Business and Human Rights, including the fundamental conventions of the International Labour Organization (ILO), and that care for their people.

“The objective of this initiative is to create an industry framework for human rights supplier assessments. Results of conducted assessments will be shared with the participating companies through an independent third party. Work is currently ongoing to establish the assessment criteria and sharing mechanism.”

[bountyhunter] 24/9/2018 11:26

Malcy:

Oil price
With WTI up by $1.79 last week and a modest gain of 78c for Brent, the Opec+ meeting in Algeria was always going to be the decider for this morning’s opening. As it is, with WTI up $1.48 at $72.26 and Brent up $1.96 to $80.76 as I write, when he wakes up Mr President is going to get Tweeting.

Having said that, it was always likely that it would be so, the Saudis said repeatedly that no customers were short of oil and Russian Minister Novak reminded the President who it was that was actually getting the price up. So, no change in output from Opec+ as they appreciate that it will be a tricky 4th

[bountyhunter] 24/9/2018 11:25

Malcy:

Oil price
With WTI up by $1.79 last week and a modest gain of 78c for Brent, the Opec+ meeting in Algeria was always going to be the decider for this morning’s opening. As it is, with WTI up $1.48 at $72.26 and Brent up $1.96 to $80.76 as I write, when he wakes up Mr President is going to get Tweeting.

Having said that, it was always likely that it would be so, the Saudis said repeatedly that no customers were short of oil and Russian Minister Novak reminded the President who it was that was actually getting the price up. So, no change in output from Opec+ as they appreciate that it will be a tricky 4th

[grupo guitarlumber] 24/9/2018 11:12

watching out for LESLIE AND KIRK

[bountyhunter] 24/9/2018 11:00

NYMEX now convincingly through $70 and at a new multi-year high with no signs of stopping just yet. Quite a large difference cf Brent right now @ ~$80

[bountyhunter] 24/9/2018 10:59

Brent now above $80 and many predicting it will reach $100 again soon due to Iranian sanctions!