Oil & Gas News

Total walks on deal for Oxy’s oil assets in Ghana and Algeria
18.05.2020
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Total walks on deal for Oxy’s oil assets in Ghana and Algeria
Total SA abandoned a plan to acquire assets from Occidental Petroleum in Ghana, walking away after a…
U.S. shale’s quick response to falling oil prices is paying off
17.05.2020
389
U.S. shale’s quick response to falling oil prices is paying off
In brokering the end to the global oil-price war last month, the Trump administration assured leader…
Saudis reducing oil exports to comply with OPEC+ output cuts
17.05.2020
161
Saudis reducing oil exports to comply with OPEC+ output cuts
Saudi Arabia will trim oil shipments to the prized Asian market in June and cut exports even more ag…
Canadian offshore industry in crisis mode
17.05.2020
473
Canadian offshore industry in crisis mode
Over the last eight weeks, the Newfoundland and Labrador Oil and Gas Industries Association (Noia) h…
Will oil prices go negative again this month?
15.05.2020
350
Will oil prices go negative again this month?
The Commodity Futures Trading Commission has warned that as the expiry date for the June West Texas…
Pipeline operator sees Permian wells restarting production
13.05.2020
175
Pipeline operator sees Permian wells restarting production
Some drillers in the biggest North American oil field are reopening wells shut in response to the pa…
Oil storage crisis fading on global production cuts and recovering demand
13.05.2020
408
Oil storage crisis fading on global production cuts and recovering demand
While the global oil market remains in a dire situation, it’s starting to look like the nightm…
Texas issues 50% fewer drilling permits in April 2020 versus one year ago
13.05.2020
293
Texas issues 50% fewer drilling permits in April 2020 versus one year ago
The Railroad Commission of Texas issued a total of 456 original drilling permits in April 2020 compa…
U.S. energy chief forecasts a robust future for oil demand
13.05.2020
440
U.S. energy chief forecasts a robust future for oil demand
President Donald Trump’s top energy official said the oil industry is on its way back after su…
Venezuela's oil production crippled by another power outage
09.05.2020
350
Venezuela's oil production crippled by another power outage
According to unnamed sources who spoke to Reuters, a power outage this week stopped operations at th…
Norway’s oil industry questions $10 billion tax plan
09.05.2020
440
Norway’s oil industry questions $10 billion tax plan
A $10-billion tax deferral plan proposed by the Norwegian government has prompted two oil industry e…
U.S. to withdraw patriot missiles from Saudi Arabia over oil dispute
08.05.2020
605
U.S. to withdraw patriot missiles from Saudi Arabia over oil dispute
The United States will pull two Patriot missile batteries from guarding Saudi Arabian oil facilities…
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