Oil & Gas News

Chevron Gets Another Extension to Continue Venezuela Operations
25.01.2020
111
Chevron Gets Another Extension to Continue Venezuela Operations
Chevron and four oilfield service providers won U.S. government approval to continue working in Vene…
Kuwait to Resume Oil Output in Area Shared with Saudis by March
25.01.2020
133
Kuwait to Resume Oil Output in Area Shared with Saudis by March
Kuwait plans to restart oil production by March at the Wafra field that it shares with Saudi Arabia,…
Norway’s Recent Oil Investment Boom Probably Also Its Last
25.01.2020
241
Norway’s Recent Oil Investment Boom Probably Also Its Last
Western Europe’s biggest oil and gas producer just witnessed its final investment boom, accord…
U.S. Shale Has Already Peaked for Major Service Companies
25.01.2020
505
U.S. Shale Has Already Peaked for Major Service Companies
U.S. shale oil fracking has already peaked and is in a period of sustained contraction, according to…
Equinor to Extend Statfjord Field Life with 100 New Wells
13.01.2020
283
Equinor to Extend Statfjord Field Life with 100 New Wells
Equinor and its partners in Norway’s Statfjord area have identified and approved plans to exte…
China Offers Access for Foreign Oil and Gas Explorers as Part of U.S. Trade Deal
13.01.2020
215
China Offers Access for Foreign Oil and Gas Explorers as Part of U.S. Trade Deal
China said it will open up oil and gas exploration to private and foreign firms, offering further de…
Oil Buyers Fear Iraqi Supply Hit, in Spillover from Iran Crisis
08.01.2020
362
Oil Buyers Fear Iraqi Supply Hit, in Spillover from Iran Crisis
Oil buyers in Asia are increasingly wary that Iraq’s entanglement in the worsening dispute bet…
Oilfield services face crisis as shale slowdown worsens
06.01.2020
563
Oilfield services face crisis as shale slowdown worsens
The first and third-largest oilfield service companies in the world saw their earnings hit in the th…
Have Oil Prices Reached An Inflection Point?
05.01.2020
306
Have Oil Prices Reached An Inflection Point?
Oil prices have hit three-month highs, driven higher by the OPEC+ cuts, the U.S.-China trade de-esca…
Revealing The True Extent Of Exxon’s Natural Gas Blow Out
05.01.2020
383
Revealing The True Extent Of Exxon’s Natural Gas Blow Out
A natural gas well operated by Exxon that blew out in 2018 released a lot more methane than previous…
Oil Slump to $50 Seen Triggering Rapid Decline in U.K. North Sea
04.01.2020
413
Oil Slump to $50 Seen Triggering Rapid Decline in U.K. North Sea
Oil and gas production in the U.K. North Sea could fall “briskly” if crude returns to $5…
Equatorial Guinea Expects $1.4 billion in Oil Investments in 2020
04.01.2020
269
Equatorial Guinea Expects $1.4 billion in Oil Investments in 2020
Equatorial Guinea forecasts investments of at least $1.4 billion in its hydrocarbon sector next year…