Oil & Gas News

Saipem Scoops $500+ Mln EPCI Contracts
28.02.2020
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Saipem Scoops $500+ Mln EPCI Contracts
Italian oilfield services firm Saipem reports it has been awarded several engineering, procurement,…
Schlumberger Opens Saudi Arabia Manufacturing Center
28.02.2020
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Schlumberger Opens Saudi Arabia Manufacturing Center
Schlumberger announced today the opening of a world-class manufacturing center in King Salman Energy…
ADNOC Awards Petrofac $1.65B Dalma Gas Development contract
24.02.2020
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ADNOC Awards Petrofac $1.65B Dalma Gas Development contract
Petrofac Emirates has been awarded two contracts, together worth around US$1.65 billion with Abu Dha…
U.S. to Put $1B on Euro Energy Projects
24.02.2020
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U.S. to Put $1B on Euro Energy Projects
In a move that might make some nervous, the United States — through its “strategic&rdquo…
Oil Traders Could Lose Big On Coronavirus Panic
17.02.2020
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Oil Traders Could Lose Big On Coronavirus Panic
In a market environment in which the majority of day-to-day traders are retired, moved on, or fired…
India Taking Up The Slack as China Cancels Oil Deliveries
17.02.2020
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India Taking Up The Slack as China Cancels Oil Deliveries
Distressed oil supplies are being offered to India as the spread of the coronavirus crimps fuel cons…
Saudi Arabia and Kuwait are finally ready to restart their 500,000 bpd oilfields
14.02.2020
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Saudi Arabia and Kuwait are finally ready to restart their 500,000 bpd oilfields
Saudi Arabia and Kuwait, which share two oilfields that have not been pumping oil for five years, ha…
Trump Proposes Selling Oil From Strategic Reserve to Fund Budget Plan
13.02.2020
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Trump Proposes Selling Oil From Strategic Reserve to Fund Budget Plan
President Donald Trump has proposed selling 15 million barrels of oil from the U.S. emergency stockp…
Five Americans charged with breaking Iran oil sanctions
13.02.2020
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Five Americans charged with breaking Iran oil sanctions
Five U.S. citizens have been charged with an attempt to violate U.S. sanctions against Iran by buyin…
Libya refiner stops working on oil shortage
11.02.2020
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Libya refiner stops working on oil shortage
Libya’s Azzawiya Oil Refining Company has suspended its operations for lack of feedstock amid…
OPEC+ cuts fail to boost oil prices
10.02.2020
558
OPEC+ cuts fail to boost oil prices
After deliberations, Russia appears set to support Saudi Arabia in the push for deeper production cu…
An Oil Giant In Crisis
09.02.2020
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An Oil Giant In Crisis
Goldman Sachs downgraded ExxonMobil’s shares to Sell from Neutral, following another disappoin…
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