Oil & Gas News

Shell offers staff voluntary severance pay
22.05.2020
60
Shell offers staff voluntary severance pay
As the price of a Brent barrel is trading at nearly half of what it was at the beginning of the year…
U.S. approves $43B Alaska LNG project which still seeks investors
22.05.2020
363
U.S. approves $43B Alaska LNG project which still seeks investors
The U.S. Federal Energy Regulatory Commission (FERC) approved this week the construction and operati…
Permian leads U.S. shale decline as output reaches 2018 low
19.05.2020
285
Permian leads U.S. shale decline as output reaches 2018 low
Oil production from the top seven shale regions in the U.S. is set to tumble to levels not seen sinc…
Oil highest since March as Chinese demand reaches 13 MMbpd
18.05.2020
945
Oil highest since March as Chinese demand reaches 13 MMbpd
Oil rose to the highest in two months as demand in China returned to near pre-virus level and output…
Total walks on deal for Oxy’s oil assets in Ghana and Algeria
18.05.2020
860
Total walks on deal for Oxy’s oil assets in Ghana and Algeria
Total SA abandoned a plan to acquire assets from Occidental Petroleum in Ghana, walking away after a…
U.S. shale’s quick response to falling oil prices is paying off
17.05.2020
251
U.S. shale’s quick response to falling oil prices is paying off
In brokering the end to the global oil-price war last month, the Trump administration assured leader…
Saudis reducing oil exports to comply with OPEC+ output cuts
17.05.2020
78
Saudis reducing oil exports to comply with OPEC+ output cuts
Saudi Arabia will trim oil shipments to the prized Asian market in June and cut exports even more ag…
Canadian offshore industry in crisis mode
17.05.2020
272
Canadian offshore industry in crisis mode
Over the last eight weeks, the Newfoundland and Labrador Oil and Gas Industries Association (Noia) h…
Will oil prices go negative again this month?
15.05.2020
231
Will oil prices go negative again this month?
The Commodity Futures Trading Commission has warned that as the expiry date for the June West Texas…
Pipeline operator sees Permian wells restarting production
13.05.2020
86
Pipeline operator sees Permian wells restarting production
Some drillers in the biggest North American oil field are reopening wells shut in response to the pa…
Oil storage crisis fading on global production cuts and recovering demand
13.05.2020
297
Oil storage crisis fading on global production cuts and recovering demand
While the global oil market remains in a dire situation, it’s starting to look like the nightm…
Texas issues 50% fewer drilling permits in April 2020 versus one year ago
13.05.2020
184
Texas issues 50% fewer drilling permits in April 2020 versus one year ago
The Railroad Commission of Texas issued a total of 456 original drilling permits in April 2020 compa…