Oil & Gas News

Oil rises further above $62 as trade hopes support
12.11.2019
293
Oil rises further above $62 as trade hopes support
Oil rose further above $62 a barrel on Tuesday, supported by hopes that U.S. President Donald Trump…
Equinor Makes Norway Oil, Gas Find of up to 100 million barrels
08.11.2019
144
Equinor Makes Norway Oil, Gas Find of up to 100 million barrels
Norwegian energy major Equinor and its partners have found oil and gas at the Echino South prospect…
Wood Group Launches Technical Consulting Solutions Unit
08.11.2019
108
Wood Group Launches Technical Consulting Solutions Unit
Wood announced the creation of a new Technical Consulting Solutions (TCS) business unit, combining i…
Shell Buys Offshore Wind Developer in Renewable Power Expansion Bid
08.11.2019
107
Shell Buys Offshore Wind Developer in Renewable Power Expansion Bid
Shell has agreed to buy French offshore wind developer Eolfi SA, continuing its expansion into renew…
Abu Dhabi Plans its Own Price Benchmark for a Fifth of the World’s Crude
08.11.2019
99
Abu Dhabi Plans its Own Price Benchmark for a Fifth of the World’s Crude
Abu Dhabi will begin trading futures contracts of its flagship oil grade in what could eventually be…
Ecuador’s Oil Expansion Plans Halted by Protests, Sabotage
08.11.2019
92
Ecuador’s Oil Expansion Plans Halted by Protests, Sabotage
Ecuador’s plan to boost its economy by attracting foreign oil investment is falling victim to…
Exxon, Chevron Begin Pushing Back Against Warren’s Fracing Ban
08.11.2019
104
Exxon, Chevron Begin Pushing Back Against Warren’s Fracing Ban
America’s two biggest oil companies are starting to push back against the fracing ban touted b…
Saudis Hike Light Crude Prices, Driven by High IMO 2020 Demand
08.11.2019
202
Saudis Hike Light Crude Prices, Driven by High IMO 2020 Demand
Saudi Arabia has priced its lighter crude at the widest premium to heavier oil in almost two years a…
OPEC Predicts U.S. Shale Will Steal Market Share for Years to Come
08.11.2019
304
OPEC Predicts U.S. Shale Will Steal Market Share for Years to Come
OPEC slashed estimates for the amount of oil it will need to pump in coming years, projecting that i…
ExxonMobil to Sell Norway Upstream Operations for $4.5 billion
01.10.2019
512
ExxonMobil to Sell Norway Upstream Operations for $4.5 billion
ExxonMobil signed an agreement today with Vår Energi AS for the sale of its non-operated upstr…
Allseas Scoops Large EPCI Pipeline Project from ConocoPhillips
01.10.2019
274
Allseas Scoops Large EPCI Pipeline Project from ConocoPhillips
ConocoPhillips Australia, as operator of the Barossa joint venture, has awarded an Engineering, Proc…
Repairs to Saudi Oil Production May Take ‘Many Months’
26.09.2019
325
Repairs to Saudi Oil Production May Take ‘Many Months’
Full repairs to the attacked Saudi oil fields may take “many months,” not the 10 weeks t…