Oil and gas

Oil&Gas Drilling
Global Oilfield Services Under Pressure from Oil Price Drop
Exploration-focused oilfield service companies will face the largest demand decline as a result of oil and gas producers cutting their capex and operating expen…
Oil Field
Petrobras Reaches New Production Record at Búzios Field
Brazilian oil and gas company Petrobras has reached a production record on its operated Búzios field located in the Santos Basin pre-salt offshore Brazil.
Oil&Gas Drilling
Oil And Gas Drilling Set For A Multi-Decade Low In 2020
The number of drilled wells globally is expected to reach around 55,350 this year, the lowest since at least the beginning of the century.
Nuclear Power Plant
Rusatom Service, MVM Group create European Power Services JV
Rusatom Service and MVM Group have formed a joint venture in Hungary to provide service and maintenance to nuclear industry facilities, conventional sources of …
Oil & Gas Trade
North American Oil And Gas Companies Continue to Go Bankrupt at $40 Oil
The rash of oil and gas bankruptcies in North America is set to continue for the remainder of 2020.
Crude Oil
New Zealand Cuts 2020 Oil Output Forecast
New Zealand has cut its 2020 upstream output forecast slightly, but now sees its existing oil and gas reserves lasting for longer than previously planned.
UAE's Taqa Registers Dh4bn Loss in Q1 2020
Despite the challenging start to the year, TAQA is looking ahead and is well positioned to continue benefiting from stable revenue streams.
Crude Oil
How the Fed Bailed Out U.S. Oil And Gas
he Trump administration has taken dozens of actions during the Covid-19 pandemic to benefit the oil and gas industry.
Oil Price
Oil Major Shell to Write Down up to $22 Billion of Assets in Second Quarter
It said it would take aggregate post-tax impairment charges in the range of $15 billion to $22 billion in the second quarter.
China Energy
China-Made Large "Offshore Oil and Gas Plant" Put into Production in Brazil
Successful oil production marks the official commissioning of this large “offshore oil and gas plant”.
Oil and Gas Equipment
Total Starts Up 2nd FPSO Off Brazil
Total and its partners announce the start-up of the Floating Production Storage and Offloading P-70 of the Iara cluster, located in the deepwater Santos Basin p…
Oil&Gas Drilling
Trump Administration has Denied most Onshore Drilling Relief Requests
Trump administration has rejected most land-based oil and gas companies' requests for royalty breaks.
Oil Price
Pandemic, Low Oil Prices Cause Massive Drop in North Dakota State Revenue
Incoming oil and gas tax revenues for April, the latest month of data, were just $38 million — 81% below the Legislature's forecast.
Oil & Gas Trade
OPEC's Roadmap to Stabilization
What is OPEC's roadmap for moving towards stabilization?
Oil&Gas Drilling
Norway Offers 36 Oil Exploration Blocks in Already Opened Areas
Energy companies can apply to explore for oil and gas in 36 new exploration blocks off Norway, the country's oil and energy ministry said on Friday.

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Oil and gas

Global Oilfield Services Under Pressure from Oil Price Drop

Petrobras Reaches New Production Record at Búzios Field

Oil And Gas Drilling Set For A Multi-Decade Low In 2020

Rusatom Service, MVM Group create European Power Services JV

North American Oil And Gas Companies Continue to Go Bankrupt at $40 Oil

New Zealand Cuts 2020 Oil Output Forecast

UAE's Taqa Registers Dh4bn Loss in Q1 2020

How the Fed Bailed Out U.S. Oil And Gas

Oil Major Shell to Write Down up to $22 Billion of Assets in Second Quarter

China-Made Large "Offshore Oil and Gas Plant" Put into Production in Brazil

Total Starts Up 2nd FPSO Off Brazil

Trump Administration has Denied most Onshore Drilling Relief Requests

Pandemic, Low Oil Prices Cause Massive Drop in North Dakota State Revenue

OPEC's Roadmap to Stabilization

Norway Offers 36 Oil Exploration Blocks in Already Opened Areas