Oil & Gas News

One of the world’s biggest ships got stuck sideways in the Suez Canal, blocking traffic
24.03.2021
1 180
One of the world’s biggest ships got stuck sideways in the Suez Canal, blocking traffic
Dozens of vessels are stuck after a giant container ship became wedged across Egypt's Suez Canal…
Oil posts longest run of losses in six months as rally fades
18.03.2021
128
Oil posts longest run of losses in six months as rally fades
Oil headed for its longest run of declines in over six months after the International Energy Agency…
BP fields final offers for North Sea oil and gas assets
18.03.2021
248
BP fields final offers for North Sea oil and gas assets
BP Plc is fielding final bids from a handful of junior energy companies for its North Sea assets, ac…
UAE mulls sale of Taqa’s oil and gas assets, focusing on power generation
18.03.2021
292
UAE mulls sale of Taqa’s oil and gas assets, focusing on power generation
Abu Dhabi National Energy Co. is considering options for its oil and gas assets, including a potenti…
Oil shortages could follow key pipeline shutdown in Michigan, Enbridge warns
17.03.2021
110
Oil shortages could follow key pipeline shutdown in Michigan, Enbridge warns
Enbridge Inc. warned that refiners in central Canada and the U.S. Midwest would see crude supplies c…
Despite localized growth, global oil demand won’t recover until 2023, per IEA
17.03.2021
85
Despite localized growth, global oil demand won’t recover until 2023, per IEA
Global oil demand won’t return to pre-pandemic levels until 2023, and growth will be subdued t…
Exxon warns activist investor’s plan threatens dividend
17.03.2021
294
Exxon warns activist investor’s plan threatens dividend
Exxon Mobil Corp. said proposals put forth by an activist investor pushing for changes at the oil gi…
Chevron accused of “greenwashing” by environmentalists in federal complaint
17.03.2021
119
Chevron accused of “greenwashing” by environmentalists in federal complaint
Chevron Corp. is misleading consumers about its efforts to reduce greenhouse gas emissions, environm…
U.S. oil demand shows staying power as fuel sales near 2019 levels
17.03.2021
107
U.S. oil demand shows staying power as fuel sales near 2019 levels
After a year of getting pummeled by the coronavirus, U.S. oil demand is bouncing back and this time…
New government to restore Libya’s oil and gas prominence
17.03.2021
136
New government to restore Libya’s oil and gas prominence
Libya’s back in the oil game after years of false starts and setbacks. Energy facilities shut…
Gazprom plans to start Nord Stream 2 gas pipeline this year
14.02.2021
208
Gazprom plans to start Nord Stream 2 gas pipeline this year
Russia's gas giant Gazprom plans to commission the controversial natural gas pipeline Nord Strea…
Is China headed to peak oil demand?
14.02.2021
327
Is China headed to peak oil demand?
The world's top oil importer, China, could be just years away from its own peak in domestic dema…