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News

U.S. Crude Oil Production Hits Record 12 Million Bpd

U.S. Crude Oil Production Hits Record 12 Million Bpd

Feb 22, 2019 at 17:36 | Tsvetana Paraskova

U.S. crude oil production hit a record 12 million bpd in the week ending February 15, rising by 100,000 bpd from 11.9 million bpd in the previous week, the weekly…

Gunmen Attack Anadarko LNG Project In Mozambique

Gunmen Attack Anadarko LNG Project In Mozambique

Feb 22, 2019 at 15:54 | Irina Slav

Militants have attacked Anadarko’s LNG project in Mozambique in what is the first attack on the oil and gas industry in the African country, Bloomberg reports, citing Portuguese news…

Exxon To Use Microsoft Tech To Boost Permian Oil Output, Profitability

Exxon To Use Microsoft Tech To Boost Permian Oil Output, Profitability

Feb 22, 2019 at 14:17 | Tsvetana Paraskova

ExxonMobil has forged a digital partnership with Microsoft to use cloud technology to increase oil production and profitability in its key growth area, the Permian, the U.S. oil supermajor

Tullow Oil: Water Deal Key To Kenya Project Could Slip To Q3

Tullow Oil: Water Deal Key To Kenya Project Could Slip To Q3

Feb 22, 2019 at 14:05 | Tsvetana Paraskova

A deal between Tullow Oil and local Kenyan authorities that would allow the oil company to pump water for the wells and that would be crucial to the final investment…

Saudi Arabia Inks Preliminary Renewables Investment Deal In China

Saudi Arabia Inks Preliminary Renewables Investment Deal In China

Feb 22, 2019 at 12:41 | Irina Slav

Saudi Arabia’s sovereign wealth fund PIF signed a preliminary deal for investments in China’s renewable energy sector during the visit of Crown Prince Mohammed in China, Reuters reports, citing…

New Oil, Gas Project Approvals To Triple This Year: Rystad

New Oil, Gas Project Approvals To Triple This Year: Rystad

Feb 22, 2019 at 09:53 | Irina Slav

The number of greenfield oil and gas projects to get their final investment decision could rise threefold on 2018, Norwegian energy consultancy Rystad Energy has forecast. Most of these will…

Tesla Races To Launch Model 3 In China Ahead Of Schedule

Tesla Races To Launch Model 3 In China Ahead Of Schedule

Feb 22, 2019 at 09:23 | Irina Slav

After last October it suffered a 70-percent slump in car sales in China, now Tesla is racing to regain lost market share by releasing its flagship Model 3 on…

Bomb Attack Kills At Least 10 Oil Workers In Syria

Bomb Attack Kills At Least 10 Oil Workers In Syria

Feb 21, 2019 at 17:46 | Tsvetana Paraskova

A car blast killed at least 10 oil workers and fighters from a U.S.-backed Kurdish force battling Islamic State in eastern Syrian on Thursday, Reuters reported, citing residents and…

U.S. Devon Energy Looks To Quit Canada’s Oil Patch

U.S. Devon Energy Looks To Quit Canada’s Oil Patch

Feb 21, 2019 at 17:32 | Tsvetana Paraskova

Devon Energy has said that it will be looking to sell its Canadian assets to become a high-return U.S. oil growth business in what analysts described as a ‘long-overdue’ announcement…

U.S. Discusses Iran’s Oil Issue With South Korea

U.S. Discusses Iran’s Oil Issue With South Korea

Feb 21, 2019 at 17:25 | Tsvetana Paraskova

A top U.S. official discussed this week South Korea’s crude oil imports from Iran and urged Seoul to accelerate its oil supply diversification, S&P Global Platts reported on Thursday,…

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