Oil & Gas News

Sinopec boosts Fuling shale gas reserves

Sinopec boosts Fuling shale gas reserves

Sinopec’s Fuling shale concession now holds proven gas reserves of more than 600 bcm

Canada Kuwait Petrochemical Corp. chooses Honeywell Technology for new complex in Alberta

Canada Kuwait Petrochemical Corp. chooses Honeywell Technology for new complex in Alberta

Honeywell also will provide the process design package, proprietary and non-proprietary equipment...…

What Total’s $4.8 billion investment means for Iran

What Total’s $4.8 billion investment means for Iran

Iran has signed a $4.8 billion deal with a consortium led by French oil company Total on M…

Ransomware virus hits computer servers across the globe

Ransomware virus hits computer servers across the globe

A ransomware attack hit computers across the world on Tuesday, taking out servers at Russia's bi…

Shell to remove emergency response vessel from Knarr

Shell to remove emergency response vessel from Knarr

A/S Norske Shell has received consent to remove the emergency response vessel from the Knarr field.

Oil Search establishes US$600 million revolving credit facility

Oil Search establishes US$600 million revolving credit facility

Oil Search is pleased to announce that it has signed documentation with a 14 member bank group for a…

With oil washing out, Russia’s zeal to reform remains elusive

With oil washing out, Russia’s zeal to reform remains elusive

Two of the world's biggest oil producing countries are coping with the slide in crude in sharply…

Gulf Of Mexico Oil Loses 301,000 BPD To Storm Cindy

Gulf Of Mexico Oil Loses 301,000 BPD To Storm Cindy

One-sixth of offshore production in the Gulf of Mexico had been shut in by the end of Wednesday, ahe…

OPEC Has Few Escape Routes From Another Bear Market in Oil

OPEC Has Few Escape Routes From Another Bear Market in Oil

Oil’s back in a bear market and investors remain unmoved by last month’s agreement to pr…

Here’s what the Saudi leadership shake up means for oil prices

Here’s what the Saudi leadership shake up means for oil prices

Oil market participants were assessing on Wednesday the potential impact upon the world's most t…

Is $100 Oil Possible? Wells Fargo Says No

Is $100 Oil Possible? Wells Fargo Says No

$100 oil is but a “pipe dream,” according to a new investor note by Wells Fargo. &ldquo…

BP and Reliance Industries to progress and expand partnership

BP and Reliance Industries to progress and expand partnership

Reliance Industries Limited (RIL) and BP announced that they are moving forward to develop already-d…

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