Oil & Gas News

Oil prices slip below $39 as Libya ramps up production
27.10.2020
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Oil prices slip below $39 as Libya ramps up production
Oil extended its slide to a second day on a cocktail of surging coronavirus cases in the U.S. and Eu…
BP considering deepwater Gulf of Mexico stake sale
27.10.2020
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BP considering deepwater Gulf of Mexico stake sale
BP is weighing a sale of its majority stake in the Constellation oilfield in the Gulf of Mexico, acc…
Canada’s Suncor considers selling North Sea oil and gas fields
22.10.2020
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Canada’s Suncor considers selling North Sea oil and gas fields
Canada’s Suncor Energy Inc. is exploring the sale of a handful of oil and gas fields in the No…
Russia’s Lukoil plans Iraq oil output boost
22.10.2020
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Russia’s Lukoil plans Iraq oil output boost
Lukoil PJSC is seeking to develop new oilfield projects in Iraq even as slumping crude prices and OP…
Halliburton rolls out industry-first intelligent fracturing system
17.10.2020
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Halliburton rolls out industry-first intelligent fracturing system
Halliburton introduced SmartFleet, the oil and gas industry’s first intelligent automated frac…
China to add 14 million bpd in unneeded refining capacity
07.10.2020
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China to add 14 million bpd in unneeded refining capacity
China has some 1.4 million bpd in new refinery capacity under construction, to be completed by the t…
Poland fines Gazprom $7.6 billion over Nord Stream 2
07.10.2020
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Poland fines Gazprom $7.6 billion over Nord Stream 2
Poland, one of the countries strongly opposing the Russia-led Nord Stream 2 natural gas pipeline pro…
Key indicator shows signs of oil market recovery
01.10.2020
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Key indicator shows signs of oil market recovery
The North American Frac Spread Count has increased to triple digits this week, according to big data…
Saudi Arabia’s economy hit hard by the oil price crash
01.10.2020
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Saudi Arabia’s economy hit hard by the oil price crash
Saudi Arabia’s economy shrank by 7 percent, with the unemployment rate hitting a record high i…
Nigeria considers privatizing its state oil firm
29.09.2020
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Nigeria considers privatizing its state oil firm
Nigeria will look to privatize its state oil firm Nigerian National Petroleum Corporation (NNPC) und…
Former Libya oil wealth handler arrested for fraud
29.09.2020
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Former Libya oil wealth handler arrested for fraud
The former CEO of the bank responsible for handling Libya’s oil wealth has been arrested for f…
Venezuela is buying Iranian oil with planes full of gold
29.09.2020
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Venezuela is buying Iranian oil with planes full of gold
Iran has received gold from Venezuela for the fuel cargoes Tehran had sent to the Latin American cou…
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