Oil & Gas News

ExxonMobil readies to make major job cuts
27.06.2020
192
ExxonMobil readies to make major job cuts
The largest oil company in the United States is preparing to let go between 5% and 10% of its US-bas…
Owner of largest refinery in India stops importing Venezuelan oil
26.06.2020
582
Owner of largest refinery in India stops importing Venezuelan oil
Reliance Industries, the owner of the largest refinery in India and the world, has stopped buying Ve…
Alberta extends investigation into foreign anti-oil funding
26.06.2020
278
Alberta extends investigation into foreign anti-oil funding
The Alberta government has extended until October an investigation into whether foreign groups are f…
Norway Is expanding its Arctic oil drilling operations
24.06.2020
444
Norway Is expanding its Arctic oil drilling operations
Norway is looking to offer 136 blocks for oil and gas exploration in the licensing round for less ex…
18 million barrels of sanctioned Venezuelan oil are stuck at sea
24.06.2020
307
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
436
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
121
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
126
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
605
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
218
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
356
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
320
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…
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