Oil & Gas News

Oil price crash to cost Middle East producers $270 billion in revenue
14.07.2020
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Oil price crash to cost Middle East producers $270 billion in revenue
The oil price plunge and the production cuts after the coronavirus pandemic will hit oil exporters i…
U.S. swaps Venezuelan fuel oil for Russian products
14.07.2020
201
U.S. swaps Venezuelan fuel oil for Russian products
The United States has been raising its imports of fuel oil from Russia over the past year and a half…
Shale CEO: U.S. has passed peak oil
14.07.2020
229
Shale CEO: U.S. has passed peak oil
Crude oil production has already peaked in the United States, according to a leading independent oil…
Eni taps Weatherford for four-year downhole safety valve program
10.07.2020
425
Eni taps Weatherford for four-year downhole safety valve program
Weatherford International has been awarded an exclusive four-year contract with Eni S.p.A. to provid…
Total looks to South Africa for offshore frontier opportunities
10.07.2020
150
Total looks to South Africa for offshore frontier opportunities
Total SA has deployed a rig to South Africa to look for more oil near a massive discovery, in a rare…
Shale companies receive more than $2.4 billion in pandemic assistance
10.07.2020
234
Shale companies receive more than $2.4 billion in pandemic assistance
The shale industry is getting at least $2.4 billion in loans from the U.S. government’s Payche…
Investors pressure Exxon, Chevron to disclose long-term oil price forecasts
02.07.2020
404
Investors pressure Exxon, Chevron to disclose long-term oil price forecasts
America’s biggest oil companies are coming under increasing pressure from climate-conscious in…
Citigroup says oil demand will never reach pre-pandemic levels
02.07.2020
273
Citigroup says oil demand will never reach pre-pandemic levels
Demand growth for refined oil products will never return to the levels it reached before the coronav…
Third-largest oil market projects faster recovery than OPEC’s estimates
01.07.2020
377
Third-largest oil market projects faster recovery than OPEC’s estimates
India, the third-biggest oil consumer, expects fuel demand to return to normal earlier than projecti…
Oceaneering wins inspection services scope in Angola from CABGOC
01.07.2020
133
Oceaneering wins inspection services scope in Angola from CABGOC
Oceaneering International’s Asset Integrity group has secured a three-year contract with Cabin…
Schlumberger introduces real-time oil and gas data management service
01.07.2020
525
Schlumberger introduces real-time oil and gas data management service
Schlumberger introduced its Performance Live digitally connected service that optimizes remote wells…
Europe shuns Russia’s crude oil as price soars
27.06.2020
186
Europe shuns Russia’s crude oil as price soars
European refiners are shunning Russia’s flagship crude grade Urals, which is now more expensiv…
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