Oil & Gas News

Pemex oil output rises as new wells offset recent accidents
29.10.2021
279
Pemex oil output rises as new wells offset recent accidents
Petroleos Mexicanos reported a small increase in third-quarter production after adding new wells, wh…
Saudis express ‘huge concern’ over falling global oil supply capacity
29.10.2021
278
Saudis express ‘huge concern’ over falling global oil supply capacity
Saudi Aramco said oil-output capacity across the world is dropping quickly and companies need to inv…
Oil prices may hit $100 this winter
02.10.2021
812
Oil prices may hit $100 this winter
The global energy crunch could help propel oil prices above $100 a barrel for the first time since 2…
China releases oil from strategic reserves as energy costs surge
11.09.2021
668
China releases oil from strategic reserves as energy costs surge
China made an unprecedented intervention in the global oil market, releasing crude from its strategi…
Aramco may open $110B gas project to foreign investors
11.09.2021
576
Aramco may open $110B gas project to foreign investors
Saudi Aramco is considering a bold move to open up one of the world’s largest unconventional g…
Phillips 66 might not rebuild hurricane-damaged Louisiana refinery
11.09.2021
448
Phillips 66 might not rebuild hurricane-damaged Louisiana refinery
Phillips 66 may idle a New Orleans-area refinery that suffered so much damage during Hurricane Ida t…
ExxonMobil’s offshore Guyana win streak continues with Pinktail discovery
11.09.2021
501
ExxonMobil’s offshore Guyana win streak continues with Pinktail discovery
ExxonMobil announced a discovery at Pinktail in the Stabroek Block offshore Guyana. The Pinktail wel…
Chevron pursues green joint ventures as shareholder climate focus sharpens
11.09.2021
539
Chevron pursues green joint ventures as shareholder climate focus sharpens
Chevron Corp. has inked eight deals in little more than two weeks to invest in hydrogen, green jet f…
Oil price retreat continues amid fresh Delta outbreaks in Asia
19.08.2021
531
Oil price retreat continues amid fresh Delta outbreaks in Asia
Oil sank for a third consecutive day as Chinese economic data disappointed and the spread of the del…
Schlumberger launches PeriScope Edge multilayer mapping-while-drilling service
19.08.2021
554
Schlumberger launches PeriScope Edge multilayer mapping-while-drilling service
Schlumberger announced the launch of the PeriScope Edge multilayer mapping-while-drilling service. T…
Oil prices tumble to lowest since May as Fed moves hamper commodities
19.08.2021
469
Oil prices tumble to lowest since May as Fed moves hamper commodities
Oil tumbled again, dropping to the lowest level since May as the U.S. Federal Reserve signaled it wa…
Oil prices post longest losing streak since March as recovery falters
18.08.2021
622
Oil prices post longest losing streak since March as recovery falters
Oil fell for a fourth day, marking its longest run of losses since March, pressured by a rising doll…
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