Oil & Gas News

Another billion-dollar oil merger is on the horizon
28.09.2020
482
Another billion-dollar oil merger is on the horizon
Devon Energy and WPX Energy are discussing a merger to weather the impact of the pandemic on the oil…
Russia remains China’s top oil supplier
25.09.2020
501
Russia remains China’s top oil supplier
Russia was the biggest exporter of crude oil to China last month, for the second month in a row, Reu…
BP’s stock price crashes to the lowest level in 25 years
25.09.2020
492
BP’s stock price crashes to the lowest level in 25 years
The stock price of BP fell to the lowest since 1995 a week after the launch of the company’s c…
India topped its strategic petroleum reserves with $19 a barrel oil
22.09.2020
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India topped its strategic petroleum reserves with $19 a barrel oil
India used the ultra-low crude oil prices earlier this year to top its strategic petroleum reserves…
Norway’s oil fund is buying bitcoin
22.09.2020
399
Norway’s oil fund is buying bitcoin
Norway’s sovereign wealth fund holds close to 600 Bitcoin through a 1.51-percent stake in Micr…
CNOOC begins production at new oilfield in South China sea
22.09.2020
297
CNOOC begins production at new oilfield in South China sea
China National Offshore Oil Corporation (CNOOC) said on Sunday it had started oil production from th…
U.S. wants bankrupt offshore drillers to pick up the tab for abandoned wells
21.09.2020
395
U.S. wants bankrupt offshore drillers to pick up the tab for abandoned wells
The U.S. Department of the Interior is proposing a regulation that will not allow oil producers to a…
Pompeo promotes U.S. companies to new oil nations Guyana, Suriname
19.09.2020
363
Pompeo promotes U.S. companies to new oil nations Guyana, Suriname
U.S. Secretary of State Mike Pompeo carried out a promotional campaign for U.S. private companies in…
Germany Offered U.S. $1.2B to save Nord Stream 2
18.09.2020
536
Germany Offered U.S. $1.2B to save Nord Stream 2
Germany tried to dissuade the United States from following through on its threat to impose additiona…
Saxo Bank: oil unlikely to return above $50 by year-end
17.09.2020
430
Saxo Bank: oil unlikely to return above $50 by year-end
The faltering oil demand recovery and the lack of a COVID-19 vaccine will likely push the oil price…
Iran boosts oil output at oilfields shared with Iraq
16.09.2020
510
Iran boosts oil output at oilfields shared with Iraq
Iran has raised oil production from the oilfields in its southwest it shares with Iraq to 400,000 ba…
Oil rises on major crude draw
16.09.2020
522
Oil rises on major crude draw
The American Petroleum Institute (API) reported on Tuesday a draw in crude oil inventories of 9.517…
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