Oil & Gas News

18 million barrels of sanctioned Venezuelan oil are stuck at sea
24.06.2020
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18 million barrels of sanctioned Venezuelan oil are stuck at sea
Oil tankers carrying at least 18.1 million barrels of Venezuelan oil are currently idling at sea acr…
TechnipFMC lands three subsea construction projects offshore Norway
24.06.2020
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TechnipFMC lands three subsea construction projects offshore Norway
Equinor has awarded two contracts and issued a letter of intent to TechnipFMC for pipelaying and sub…
Canada’s oil transport shortage solved by new pipelines, reduced demand
24.06.2020
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Canada’s oil transport shortage solved by new pipelines, reduced demand
The shortage of pipeline space that has hamstrung Canada’s oil producers for years may finally…
UAE oil major signs a $20 billion gas deal
23.06.2020
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UAE oil major signs a $20 billion gas deal
UAE’s ADNOC today announced a $20.7-billion deal with six international companies for the acqu…
Oil’s big swing: How prices went from -$40 to +$40 in a matter of weeks
23.06.2020
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Oil’s big swing: How prices went from -$40 to +$40 in a matter of weeks
Every day, traders in London congregate at 4 p.m. to buy and sell North Sea oil for half an hour. Th…
U.S. oil gaining appeal in Asia as OPEC+ suppliers limit output
23.06.2020
808
U.S. oil gaining appeal in Asia as OPEC+ suppliers limit output
As the OPEC+ alliance sticks to its guns in trying to curb oil output to shore up prices, Asian buye…
Oil prices continue their rise, albeit slowly, since April’s crash
22.06.2020
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Oil prices continue their rise, albeit slowly, since April’s crash
Oil turned around last week’s setback, extending a slow but relentless rise since falling into…
The shale drilling shutdown continues for its 14th week
21.06.2020
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The shale drilling shutdown continues for its 14th week
Oil exploration shrank for a 14th straight week in U.S. fields amid weak crude prices and skepticism…
After a record April, U.S. imports of Saudi oil near 35-year low in June
18.06.2020
632
After a record April, U.S. imports of Saudi oil near 35-year low in June
After flooding the U.S. with crude earlier this year, Saudi Arabia has all but cut off the taps to t…
Oceaneering working to streamline bulk cargo logistics operations
18.06.2020
707
Oceaneering working to streamline bulk cargo logistics operations
Oceaneering announced the launch of a new business, OceanSMART Cargo Logistics and Maritime Technolo…
Ovintiv cuts jobs across North America as oil drilling slows
18.06.2020
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Ovintiv cuts jobs across North America as oil drilling slows
Ovintiv Inc., the oil and gas producer that moved its headquarters out of Canada earlier this year,…
Texas oil regulator pursuing plan to reduce gas flaring
17.06.2020
875
Texas oil regulator pursuing plan to reduce gas flaring
On June 16th, the Railroad Commission of Texas heard from the state's oil and gas trade associat…
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