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Oil
Crude Oil
Mexico’s Offshore Oil Investment Set To Plunge Despite Government Pledges
Demand for offshore equipment and services is set to drop by an average of 14 percent through 2025, according to the analysts.
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…
Geothermal Power Plant
Geothermal Energy Sector Stands to Benefit from Tanking Oil Prices
Some predict that this form of renewable power generation stands to benefit from the changing times.
Market Analysis
Coronavirus Spurs New Clash Between Big Oil and Big Corn Over U.S. Biofuels
A fuel demand meltdown caused by the coronavirus outbreak in the United States has started up a new fight between the oil and agriculture industries over the na…
Shell Greenlights $6.4 bln Australia Natural Gas Project
Royal Dutch shell said on Friday it would develop the first phase of Australia's largest coal-bed methane resource in Queensland.
Oil & Gas Trade
Saudi Aramco to Supply Full May Crude Volumes to Asian Refiners
Saudi Arabia, the world's largest oil exporter, has notified some refiners in Asia that it will supply full contractual volumes of crude in May.
Crude Oil
Demand for OPEC Oil Falls to 30-Year Low
The sharp contraction in global oil demand amid lockdowns and stalled industrial activity will lead to the lowest demand for OPEC crude in more than thirty year…
Oil Pipeline
Shell Restarts US Offshore Oil Hub After Pipeline Leak
Royal Dutch Shell Plc resumed production of 100,000 barrels a day Tuesday at its Perdido deepwater center in the U.S. gulf of Mexico.
Shell Looks To Become Net Zero Energy Company By 2050
Oil supermajor Shell announced on Thursday its ambition to become a net-zero emissions energy business by 2050 at the latest, joining other majors such as BP an…
Oil&Gas Drilling
Qatar Starts Expansion Drilling At World’s Largest Gas Field
Qatar Petroleum has started the development drilling campaign of the North Field East Project to expand the production capacity of the world’s biggest natural …
Crude Oil
Oil Demand Won’t Bounce Back Anytime Soon
Oil demand is expected to be down by nearly 30 million barrels per day (mb/d) in April and down by almost 10 mb/d for the entire year, according to the latest e…
States ask EPA for Nationwide Biofuel Waiver to help Oil Refiners Weather Coronavirus
The governors of five U.S. states have asked the Trump administration for a nationwide waiver exempting the oil-refining industry from the nation’s biofuel law…
Oil Price
Russia’s Oil Pain Deepens as OPEC+ Prepares to Cut Output
The Kremlin may have succeeded in ending its oil war with Saudi Arabia, yet the pain of crude’s crash is only just starting to hit Russia’s budget.
Oil Field
Production of Iran's South Yaran Oil Field Increases
The oil production at the South Yaran joint oil field in Khuzestan province in southwestern Iran (this field is called Majnoon field in Iraq) was increased as a…
Clean emission
Royal Dutch Shell Commits To Net Zero Emissions By 2050
Royal Dutch Shell PLC, one of the world's largest oil and gas producers, on Thursday promised to become net carbon neutral by 2050 at the latest.
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