Oil & Gas News

Aramco valuation still under scrutiny
08.08.2019
265
Aramco valuation still under scrutiny
The Saudi Crown Prince Mohammed Bin Salman is still holding fast to the notion that Saudi Arabia&rsq…
Oil prices could crash by $30 if China buys Iranian crude: BofA
06.08.2019
893
Oil prices could crash by $30 if China buys Iranian crude: BofA
Crude oil prices could sink by as much as $30 a barrel if China decides to buy Iranian crude oil in…
ConocoPhillips Awarded Wildcat Permit Offshore Norway
03.08.2019
216
ConocoPhillips Awarded Wildcat Permit Offshore Norway
The Norwegian Petroleum Directorate has granted ConocoPhillips Skandinavia AS a wildcat drilling per…
Shell Sells its Caesar-Tonga Asset in the GOM for $965 million
03.08.2019
107
Shell Sells its Caesar-Tonga Asset in the GOM for $965 million
Shell has sold its non-operated interest (22.45%) in the Caesar-Tonga asset, U.S. Gulf of Mexico, to…
BP Avoids Sending its Tankers Through the Strait of Hormuz
03.08.2019
168
BP Avoids Sending its Tankers Through the Strait of Hormuz
BP, the British oil giant that had to shelter one of its tankers in the Persian Gulf this month in f…
Libya’s oil industry turns to China for help
26.07.2019
156
Libya’s oil industry turns to China for help
Libya NOC representatives traveled to China today to discuss China’s interest in helping to re…
Saudis to boost oil pipeline capacity to bypass strait of Hormuz
26.07.2019
215
Saudis to boost oil pipeline capacity to bypass strait of Hormuz
Saudi Arabia is looking to raise the capacity of its east-west oil pipeline to 7 million bpd in two…
Chevron finds new friend in Venezuela’s Juan Guaido
24.07.2019
232
Chevron finds new friend in Venezuela’s Juan Guaido
Hope for crisis-stricken Venezuela may be dwindling, but Chevron—who has been steadfastly oper…
Hedge funds unexpectedly set the stage for an oil rally
24.07.2019
116
Hedge funds unexpectedly set the stage for an oil rally
As market participants continue to weigh two decisively bearish factors for oil prices—slowing…
Huge crude draw fuels oil price rally
24.07.2019
137
Huge crude draw fuels oil price rally
A day after the American Petroleum Institute reported a stunning crude oil inventory draw of over 10…
Aramco IPO Bankers Question Whether Deal is Worth the Effort
22.07.2019
218
Aramco IPO Bankers Question Whether Deal is Worth the Effort
When Saudi Arabia announced plans to sell shares in its crown jewel Aramco, international bankers sc…
Jersey Hails ‘Most Significant Event Since Inception’ With New North Sea Blocks
22.07.2019
152
Jersey Hails ‘Most Significant Event Since Inception’ With New North Sea Blocks
Jersey said on Monday it had been awarded 100% working interests and operatorship of three blocks in…