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Oil Field
Exxon, Equinor Invest $8 Billion In Developing Oilfield Off Brazil
Norway’s Equinor and U.S. supermajor ExxonMobil have reached the final investment decision to develop the Bacalhau oilfield in Brazil’s prolific pre-salt area…
Carbon Neutral
Chinese Oil, Gas Enterprises Set up Methane Emission Control Alliance
Chinese oil and gas enterprises have set up an alliance on methane emission control amid China's efforts to meet its 2060 carbon-neutral target.
Oil Refinery
World’s Largest Oil Refinery Project to Help Meet Nigeria’s Oil Demands
XCMG Construction Machinery will be working together with Dangote Industries Limited on the world’s largest oil refinery project to be located at Lekki Free Zo…
Gas Turbine
Japan’s KHI Builds Hydrogen-Gas Power Unit
Japanese engineering firm Kawasaki Heavy Industries is building a small-scale power generation unit for domestic refiner Seibu Oil co-fired by hydrogen and rega…
Crude Oil
Oil Extends Gains, Trading Above $70 on Upbeat Outlook
Prices are expected to be elevated in the coming months as economies recover from Covid-19 pandemic, analysts say
Wind Power Company
Orsted Plans $57 bln Drive to be No.1 in Green Energy
The Danish firm, which sold its oil and gas business in 2017, has benefited hugely from policies to implement the 2015 Paris Agreement, a collective shot at lim…
Oil&Gas Drilling
Biden Administration Halts Oil Drilling in Alaska Wildlife Refuge
White House climate advisor Gina McCarthy noted Biden's promise and said the move reflected his belief that "national treasures are cultural and economic corner…
Oil Refinery
China On Track To Be World’s Largest Oil Refiner in 2021
In the global refining industry, COVID-19 has exposed a seismic shift. While China’s oil refineries forge ahead with capacity expansion, many western-based ref…
Crude Oil
Iraq's May Oil Exports Averaged About 2.9 mln bpd - Oil Ministry
Iraqi oil exports stood at about 2.9 million barrels per day (bpd) in May, little changed from the previous month, the country's oil ministry said on Tuesday.
Oil Exploration
Exxon Quits Deepwater Oil Project In Ghana
Exxon is leaving a deepwater prospect in Ghana after seismic work failed to produce good enough results.
Crude Oil
Nigeria’s Oil Revenues Slump 98% In April
Nigeria’s crude oil export revenues slumped by as much as 98 percent from March to April this year because of movements in the price of gasoline.
Crude Oil
i3 Energy to Acquire Additional Stake in South Simonette Oil Property
i3 Energy is set to acquire an additional 49.5% interest in the South Simonette oil property in Lower Montney, Canada, from Anegada Oil.
Oil Price
New Iran Nuclear Deal May Completely Derail Oil Price Rally
The U.S. has agreed to a tentative removal of key sanctions in the oil, gas, petrochemicals and automotive sectors, plus some of those on Iran’s banking sector…
OPEC
OPEC Projects Tight Oil Markets in Advance of June Crude Output Talks
A year after shuttering unprecedented volumes of crude, the OPEC+ alliance is expecting world oil markets to get acutely tight.
Crude Oil
Iran Claims Its Oil Production Could Jump To 6.5 Million Bpd
Iran can boost its crude oil production to as much as 6.5 million barrels per day when the U.S. sanctions on its oil industry are lifted, Iranian Oil Minister B…

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