Oil & Gas News

Oil prices fall for second day as virus case count surges
15.11.2020
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Oil prices fall for second day as virus case count surges
Oil fell for a second day -- dropping below $41 a barrel in New York -- as the ongoing spread of cor…
Michigan moves to shut down pipeline critical to Canadian refining
15.11.2020
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Michigan moves to shut down pipeline critical to Canadian refining
Enbridge Inc.’s battle with Michigan escalated on Friday as the governor took new legal action…
Trump seeks to accelerate auctions for Arctic refuge drilling
15.11.2020
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Trump seeks to accelerate auctions for Arctic refuge drilling
The Trump administration is advancing plans to auction drilling rights in the U.S. Arctic National W…
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
966
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
965
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…
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