The global upstream M&A market…
Crude oil prices went lower…
The recent ban on Russian…
The semi-autonomous region of Kurdistan in Iraq will defer payments to oil companies operating in the region for the oil sales they had made between November 2019 and February 2020,…
Tensions are rising in the disputed South China Sea, where a Chinese survey vessel has been tagging an exploration ship which Malaysia’s state oil firm Petronas is operating in the…
Mexico’s Pemex is looking for joint venture opportunities, the country’s energy regulator said. That’s despite the president’s decision to suspend all new bidding rounds and review all contracts with foreign…
Shell has announced the final investment decision on the $6.4-billion Surat Gas Project in Queensland, Australia, the company said in a press release. The project will produce some 90 billion cu…
The world is grappling with one of the most - if not the most - devasting crises of a generation. It's forced people into their homes, cratered the markets and…
Rystad Energy had been projecting an increase in US shale production of 650,000 bpd by the end of this year, but recent developments have caused it to take a more…
Last month I discussed the announcement by Jeff Bezos, founder, president and CEO of Amazon — that he would commit $10 billion toward fighting climate…
Qatar Petroleum has started the development drilling campaign of the North Field East Project to expand the production capacity of the world’s biggest natural gas deposit that the tiny nation…
Oil supermajor Shell announced on Thursday its ambition to become a net-zero emissions energy business by 2050 at the latest, joining other majors such as BP and Eni in unveiling plans…
Due to the oil price crash and the nature of Russia’s tax system, the budget of the Russian Federation is set to suffer from low oil revenues despite Sunday’s OPEC+…
As stay-at-home orders keep businesses shuttered across much of the United States, electricity demand has fallen to a near 17-year low, according to analysts at the Edison Electric Institute (EEI)…
Petrobras has started shutting down production at 62 offshore platforms in the shallow waters off its coast, Reuters reported, adding that the cuts will amount to 23,000 bpd. Petrobras said…
The sharp contraction in global oil demand amid lockdowns and stalled industrial activity will lead to the lowest demand for OPEC crude in more than thirty years this quarter. Global…
A Montana judge canceled a vital permit for the controversial Keystone XL oil pipeline with the argument that the U.S. Army Corps of Engineers failed to consider the effects of…
Unidentified armed men have boarded a Hong Kong-flagged oil tanker off the coast of Iran near the strategic Strait of Hormuz, a British monitoring organization and a private intelligence firm…
Enterprise Products Partners is opening the northbound capacity of its Seaway pipeline, offering U.S. oil producers struggling to place their oil near the Gulf Coast to ship their barrels to the…
Portugal’s energy giant Energias de Portugal (EDP) fell victim to a ransomware attack this week, with hackers threatening to leak more than 10 terabytes of sensitive company information unless the firm…
While Mexico’s leftist President Andrés Manuel López Obrador wants to make state oil firm Pemex the pillar of a turnaround in the country’s declining oil production, hundreds of Pemex workers…
Canadian oil is struggling. And I mean really, really having a tough time. Alberta's benchmark, Western Canadian Select, is now cheaper than a…
China Petroleum & Chemical Corporation, or Sinopec, is helping Kuwait to remodel a camp at a refinery into a hospital to treat the rising number of coronavirus patients in one…