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Oil & Gas
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
Golar Power Offers Top Bid for Petrobras's LNG Import Terminal
Golar Power Ltd has submitted the top bid for a highly-sought-after liquefied natural gas import terminal being leased by Brazil's state-run energy firm Petrobr
Oil & Gas
Russia's Novatek Says on Track for up to 70 mln T/yr of LNG By 2030
Novatek is on track to produce 57-70 million tonnes of liquefied natural gas per year by 2030 despite the pandemic, the Russian company said on Tuesday, around
Energy Economy
BPCL Pays for Defaulting Videocon in Brazil Oil Block
State-owned Bharat Petroleum Corp Ltd has been forced to pay for its defaulting partner Videocon Industries Ltd after it had relied on a rarely used model to ac
Oil & Gas
Iraqi Oil Ministry Denies Deal to Up Oil Exports
Iraq's oil ministry on Thursday denied a media report citing Oil Minister Ihsan Abdul Jabbar as saying an agreement was imminent with the OPEC+ group to increas
Oil & Gas
Nigeria's Oil Sales Revenue Plummeted 75% in July
Data from the Nigerian National Petroleum Corporation showed that Nigeria’s oil sales revenue in July was 55.29 million US dollars, a decrease of 75% from the
Oil & Gas
Iran Opens Navy Base At World’s Most Crucial Oil Chokepoint
The Islamic Revolution Guards Corps of Iran opened this week a new naval base in a coastal town along the world’s most important oil chokepoint, the Strait of
Oil & Gas
India's August Crude Imports Continue Slide as Economy Stalls
India's crude oil imports declined in August, albeit at a slower pace, as soaring coronavirus cases continued to hit mobility and slowed economic recovery.
Oil & Gas
China’s Crude Oil Imports are Slowing Down
China’s imports of crude oil have been trending much lower in September than in the past four months, while the rest of Asia is also significantly slowing impo
Oil & Gas
Bangladesh: Meghna Petroleum Signs Agreements For LPG Expansion
Meghna Petroleum, the state-run energy company, as part of its business expansion by selling LPG, has signed agreements with four non-listed companies–Beximco
Oil & Gas
Kazakhstan Will Export Natural Gas to China As Planned
Kazakhstan Gas Transportation Company completed the export of natural gas to China in accordance with the contract.
Oil & Gas
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.
Oil & Gas
To Ensure Russia Has not Lost Market Share, Moscow to Build up Half-Finished Oil Wells
Russia believes it is extremely important to quickly regain, or even raise, its oil market share once demand recovers, as it readies to build up its fleet of un
Oil & Gas
US Sanctions Chinese, UAE Firms Skirting Iran Oil Embargo
The United States on Thursday imposed sanctions against 11 Iranian, Chinese and United Arab Emirates companies accused of helping to bypass the American embargo
Oil & Gas
Russia's Gazprom Starts LPG Supplies to Crimea Via New Bridge
Russian state gas producer Gazprom has started direct rail shipments of liquefied petroleum gas (LPG) via a new bridge to the Crimea peninsula which Moscow anne
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