Oil & Gas News

Maduro appoints one of America’s most wanted as new oil minister
29.04.2020
504
Maduro appoints one of America’s most wanted as new oil minister
Amid a worsening gasoline shortage and Chevron and Halliburton's imminent exit from Venezuela, t…
U.S. oil companies begin sending crude to strategic petroleum reserve
29.04.2020
513
U.S. oil companies begin sending crude to strategic petroleum reserve
U.S. oil companies have started sending oil to the Strategic Petroleum Reserve, Bloomberg reports, c…
Canada’s oil firms set to curtail output by at least 1 million bpd
29.04.2020
299
Canada’s oil firms set to curtail output by at least 1 million bpd
As Canadian oil firms prepare to start reporting what would surely be bleak Q1 earnings and short-te…
Flooding prompts evacuation at heart of Canada’s oil sands
29.04.2020
346
Flooding prompts evacuation at heart of Canada’s oil sands
The Regional Municipality of Wood Buffalo, which includes Fort McMurray – the hub of Alberta&r…
Oil storage crisis deepens as API reports very large crude inventory build
29.04.2020
602
Oil storage crisis deepens as API reports very large crude inventory build
The American Petroleum Institute (API) estimated on Tuesday another large crude oil inventory build…
Oil majors may be forced to cut crude output in Nigeria
28.04.2020
318
Oil majors may be forced to cut crude output in Nigeria
Africa’s largest oil producer, OPEC member Nigeria, has yet to figure out how and from where t…
Pemex pulls staff from offshore oil platforms over coronavirus
28.04.2020
571
Pemex pulls staff from offshore oil platforms over coronavirus
Mexico’s state-held oil firm Petroleos Mexicanos (Pemex) said on Sunday that it had started to…
Saudi Arabia starts production cuts ahead of OPEC+ deal
28.04.2020
429
Saudi Arabia starts production cuts ahead of OPEC+ deal
OPEC’s top producer and the world’s top oil exporter, Saudi Arabia, has already started…
Oklahoma calls on Trump to declare COVID-19 an “Act Of God” to help oil industry
28.04.2020
467
Oklahoma calls on Trump to declare COVID-19 an “Act Of God” to help oil industry
Oklahoma Governor Kevin Stitt called on U.S. President Donald Trump to declare the coronavirus pande…
World’s largest oil fund is once again crashing crude markets
28.04.2020
838
World’s largest oil fund is once again crashing crude markets
The United States Oil Fund (USO) that was responsible for last Monday’s oil crash into negativ…
Tough sanctions force Halliburton to suspend most operations in Venezuela
27.04.2020
636
Tough sanctions force Halliburton to suspend most operations in Venezuela
Halliburton will suspend most of its operations in Venezuela, the company said, after Washington tig…
$10 oil forces U.S. drilling giant to file for bankruptcy
27.04.2020
4 832
$10 oil forces U.S. drilling giant to file for bankruptcy
Diamond Offshore Drilling has filed for Chapter 11 bankruptcy protection, becoming the second major…
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