Oil

Oil Price
Oil Price Crash to Fuel Japan and South Korea's Coal-to-Gas Switch
LNG volumes sold on an oil-indexed basis could become cheaper.
Oil & Gas Trade
Two Iranian Tankers Sail Back After Delivering Fuel to Venezuela
Two Iranian tankers that delivered fuel to Venezuela as part of a five-vessel flotilla have begun to sail back, according to Refinitiv Eikon, as the government …
Oil Shale
Oil Explorers Revert to Pre-Shale Drilling Level Across U.S.
Oil explorers are drilling at the slowest pace in more than a decade as the pandemic-driven collapse in energy demand wipes out cash flow, jobs and even entire …
Oil&Gas Drilling
Turkey Says May Begin Oil Exploration Under Libya Deal in 3-4 months
Turkey may begin oil exploration in the eastern Mediterranean within three or four months under a deal it signed with Libya that was condemned by others in the …
Solar Power Plant
Solar Plant Starts Feeding Power to Oil Companies in Oman
Petroleum Development Oman, in which Royal Dutch Shell Plc and Total SA hold minority stakes, has begun receiving power from the Gulf Arab country’s largest ph…
Oil & Gas Trade
Kurdistan Requests Gas Supply From Iran
The semi-official Iranian news agency, Ilna, reported on Saturday that Kurdistan Region requested to gas supply from Iran to meet its needs.
Oil & Gas Trade
Oil Surges 5% Falling Crude Output
Oil prices soared on Friday, with U.S. futures closing out May with record monthly gains.
Oil&Gas Drilling
U.S. Rig Count Plunges Again
The number of operating U.S. oil and gas rigs plunged again this week in its twelfth week of losses, according to Baker Hughes.
Oil&Gas Drilling
UAE's ADNOC to Cut July Crude Nominations by 5% After OPEC+ Pact
State-run Abu Dhabi National Oil Company (ADNOC) has informed customers of a cut in its crude oil nominations for July in line with a decision by OPEC+ last mon…
New BP America President and Chairman Named
London-based BP PLC, which has its U.S. headquarters in Houston, announced May 28 that David C. Lawler will be the next chairman and president of BP America Inc…
Oil & Gas Trade
CNOOC Waives Pre-Emption Rights on Delayed Ugandan Oil Project
Chinese state oil giannt CNOOC has waived its right to pre-empt the sale of a major oil field farm-out deal in Uganda to France's Total, project partner Tullow …
Crude Oil
China, India Soak Up Oil from Floating Storage as Demand Recovers
The volume of crude stored on ships in Asia has come off the peaks seen earlier this month on a recovery in demand in China and India, trade sources and analyst…
Oil&Gas Drilling
ConocoPhillips Receives Consent to Use Valaris rig for Ekofisk Wells
Oil and gas exploration company ConocoPhillips has received consent from the Norwegian offshore safety watchdog Petroleum Safety Authority (PSA), to use a Valar…
Oil&Gas Drilling
Saipem and Equinor Sign Major Engineering Services Pact
Norwegian energy firm Equinor has awarded Italian oilfield service company Saipem a two-year frame agreement to provide engineering services globally.
South African Petroleum Body Warns of Diesel Shortage
The South African petroleum industry association said South Africa was running low on diesel.

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Oil

Oil Price Crash to Fuel Japan and South Korea's Coal-to-Gas Switch

Two Iranian Tankers Sail Back After Delivering Fuel to Venezuela

Oil Explorers Revert to Pre-Shale Drilling Level Across U.S.

Turkey Says May Begin Oil Exploration Under Libya Deal in 3-4 months

Solar Plant Starts Feeding Power to Oil Companies in Oman

Kurdistan Requests Gas Supply From Iran

Oil Surges 5% Falling Crude Output

U.S. Rig Count Plunges Again

UAE's ADNOC to Cut July Crude Nominations by 5% After OPEC+ Pact

New BP America President and Chairman Named

CNOOC Waives Pre-Emption Rights on Delayed Ugandan Oil Project

China, India Soak Up Oil from Floating Storage as Demand Recovers

ConocoPhillips Receives Consent to Use Valaris rig for Ekofisk Wells

Saipem and Equinor Sign Major Engineering Services Pact

South African Petroleum Body Warns of Diesel Shortage