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Crude Oil
Talos Continues Talks With Pemex Over Massive Shared Oil Discovery Off Mexico
Talos Energy, leading a consortium of foreign oil companies, discovered the large Zama oil deposit in 2015.
Crude Oil
Russian Oil Companies Plan Significant Drilling Cuts For 2021
Russian oil producers who have already reduced their drilling activity by a third this year may cut it further by 20 percent.
Oil & Gas Trade
Oil Companies Cut More Jobs As Demand Recovery Remains Uncertain
Suncor Energy is cutting as much as 15 percent of its workforce—a total of 2,000 jobs—as demand destruction and low prices have created an adapt or die scenar…
Oil & Gas Trade
Russia's Gazprom Boosts Natural Gas Supplies to China
Russia's supply of natural gas to China via the Power of Siberia rose to 12 million cubic meters per day in July and August.
Crude Oil
COVID-19 Forces Libyan Oil Companies To Halt Operations
Two of Libya’s National Oil Company affiliates on Monday sent some oil workers home and halted some work due to the spread of Covid-19, according to a NOC stat…
China
China's National Oil Companies Outline Early Green Energy Plans
China's top state oil and gas producers - PetroChina, Sinopec Corp and CNOOC Ltd are working on the following green initiatives.
Oil&Gas Drilling
Trump Administration Looks at Allowing Longer Extensions to Remote Offshore Wells
The U.S. government is considering changes to policies for oil companies operating in the offshore Gulf of Mexico that might allow existing platforms to lengthe…
Oil Price
Rising Diesel Prices Set New Record
Diesel prices soared to a record on Friday while petrol prices rose to their highest in 19 months after state oil companies increased rates for the thirteenth t…
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…
Crude Oil
U.S. Oil Companies Begin Sending Crude To Strategic Petroleum Reserve
U.S. oil companies have started sending oil to the Strategic Petroleum Reserve, Bloomberg reports, citing a Department of Energy official.
Crude Oil
Venezuela's Oil Output Could Fall Again Soon
On Tuesday, the Trump administration told the last remaining American oil companies in Venezuela.
Crude Oil
India Dips in to Weakened Crude Market to Fill up its Strategic Oil Reserves
Ministry of petroleum and natural gas has mandated ISPRL to work closely with public sector oil companies including MRPL to achieve the target of filling up Man…
Crude Oil
Oil Refiners May Have to Shut a Few Units
State oil companies have told the government they will have to shut down a few refineries if the nationwide lockdown is extended beyond April 14, people familia…
Solar Power Panel
Oil Companies Are Collapsing, but Wind and Solar Energy Keep Growing
The renewable-energy business is expected to keep growing, though more slowly, in contrast to fossil fuel companies, which have been hammered by low oil and gas…
Market Analysis
Covid-19 Triggers 20% Drop in Oil Demand
The outbreak of covid-19 could have a major impact on global oil demand.
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