Oil & Gas News

The ‘biggest change in oil market history’ is less than six months away
15.07.2019
44
The ‘biggest change in oil market history’ is less than six months away
Tens of thousands of ships sailing the world’s oceans burn more than 3 million barrels of slud…
Oil prices edge higher on Chinese economic data
15.07.2019
17
Oil prices edge higher on Chinese economic data
Oil prices rose slightly on Monday as Chinese industrial output and retail data topped expectations…
Capricorn Norge Strikes Out Southeast of Norne Field
13.07.2019
109
Capricorn Norge Strikes Out Southeast of Norne Field
Capricorn Norge AS, operator of PL 758, has completed the drilling of wildcat well 6508/1-3....
Chevron spills 800,000 gallons of oil, water in California
13.07.2019
742
Chevron spills 800,000 gallons of oil, water in California
California authorities said Friday that crews are beginning to clean up a massive oil spill that dum…
UK sends another warship to gulf after Iran tried to block oil tanker
13.07.2019
122
UK sends another warship to gulf after Iran tried to block oil tanker
Amid escalating UK-Iran tensions in the Middle East, the UK is deploying a second warship to the Per…
German refinery halts Russian oil imports again on poor crude quality
07.07.2019
158
German refinery halts Russian oil imports again on poor crude quality
Just days after Russia said it had fully resumed oil flows to Europe via the Druzhba pipeline after…
OPEC plans move to seize market share from US shale
07.07.2019
306
OPEC plans move to seize market share from US shale
In what appeared to be one of the least heated meetings in recent years, OPEC and allies rolled over…
Pemex pursues deep-water oil despite pledges to play it safe
05.07.2019
173
Pemex pursues deep-water oil despite pledges to play it safe
Mexico’s state oil firm Pemex plans to pursue an ultra-deepwater project in the Gulf of Mexico…
Guyana set to increase government royalties in new oil licenses
05.07.2019
51
Guyana set to increase government royalties in new oil licenses
Now that Guyana is the new offshore oil hotspot, the South American country is getting ready to lift…
Kazakhstan looks to boost crude oil exports to China
05.07.2019
147
Kazakhstan looks to boost crude oil exports to China
Kazakhstan aims to significantly increase its crude oil exports to China by redirecting some oil flo…
Cuba feels heat of U.S. sanctions on Venezuela
04.07.2019
45
Cuba feels heat of U.S. sanctions on Venezuela
Cuban oil firm Cubametales has found itself on the receiving end of further US sanctions as the Unit…
British Columbia issues critical permit for second LNG project
04.07.2019
49
British Columbia issues critical permit for second LNG project
The British Columbia Oil and Gas Commission has granted a permit for the Woodfibre LNG project, afte…