By: Jessica Morris

I write about energy and industrials for City A.M. I'm particularly interested in geopolitics, energy policy and, of course, the ever lively oil markets.

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IBM warns of looming skills gap due to big data and analytics

May 3, 2016

IBM has warned of a looming skills gap in the future because not enough people are being trained to meet an inevitable rise in companies' demand for big data and analytics. Speaking at the World Manufacturing Forum, Sanjay Brahmawar, global head and managing partner, strategic business development at IBM’s Watson Internet of Things business, said: "One of [...]
Siemens says it’s investing “a lot” in cyber security

May 3, 2016

Siemens is investing “a lot” to bolster its defences against potential cyber attackers who may try to infiltrate its systems. Speaking to City A.M. at the World Manufacturing Forum, Norbert Gaus, executive vice president and head of the research and technology centre at Siemens, said: “Cyber security, to us, is mandatory. There's’ no question we’re [...]
Chevron posts deeper-than-expected loss in the first quarter

April 29, 2016

Chevron has posted a deeper-than-expected loss due to the oil price rout and tighter refining margins. The company swung to a loss of $725m (£495.4m) in the first quarter, or 39 cents per share, from a profit of $2.6bn, or $1.37 per share a year earlier. It posted revenue of $23.55bn during this period, compared [...]
Exxon Mobil profit beats expectations on leaner costs

April 29, 2016

Exxon Mobil's profit plunged in the first quarter of this year, however cost cutting and asset sales helped it avoid an even messier set of results. The world's largest listed energy company's net income fell 63 per cent to $1.8bn (£1.2bn) in the first three months of 2016, or 43 cents per share, compared with $4.9bn, or [...]
Oil prices are charging towards their best month in seven years

April 29, 2016

Oil prices whizzed higher this afternoon, leaving them set to clock their biggest monthly gain in seven years. It comes as both the US and global benchmarks hit their highest level this year, trading at $46.27 and $48.30 per barrel respectively. The weak dollar and falling US production helped offset concerns over a lingering glut of the [...]
British astronaut Tim Peake to control a UK-based rover from outer space

April 29, 2016

British astronaut Tim Peake will control a UK-based rover as he orbits the earth from the International Space Station. The live space-to-ground test today involves Peake — who is located hundreds of miles away — operating the rover nicknamed "Bridget" in a specially built "Mars yard" at Airbus Defence and Space in Stevenage, Hertfordshire. The experiment will help researchers learn more about the [...]
Industry veteran Tom Albanese says the only way is up for metal prices

April 29, 2016

Mining industry veteran Tom Albanese has said that the worst is over for metal markets which have been ripsawed by excess supply coupled with waning demand. Albanese, who is chief executive of Vedanta and former boss of Rio Tinto, said on a conference call today: "I believe with what we’ve witnessed early in 2016 will be the [...]
Venezuela orders two-day working week as energy crisis bites

April 29, 2016

Venezuela has given public sector workers a two-day working week as its government fights to weather a worsening power crisis. Britain was forced to introduce a three-day week to combat energy shortages during the 1970s. A coal miners' strike followed the first oil crisis when an Organization of Petroleum Exporting Countries (Opec) embargo sent prices soaring. Venezuela's president, Nicolás Maduro, said on [...]
Premier Oil share price rises after it completes acquisition of E.On North Sea assets

April 29, 2016

Shares in Premier Oil skipped higher this morning after it completed the acquisition of E.On's North Sea oil and gas fields for $120m (£83m). The London-listed firm's shares rose as much as four per cent to 76.17p per share in early morning trading, giving it a market capitalisation of around £365m. Tom Durrant, chief executive of Premier, [...]
International Girls in ICT day: What lego can tell us about gender equality

April 28, 2016

Let’s hear it for Lego. Long criticised for introducing gender stereotypical brick sets, the Danish company unveiled three new Lego science figures last year: a palaeontologist, an astronomer and a chemist. The surprise? All three scientists were female. The plastic brick has suddenly become a symbol of gender equality. It comes at the right time: [...]

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By: Jessica Morris

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