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Aramco Aims to Boost Production Capacity to 13 Million Bpd
The world’s largest oil company is looking to raise its production capacity by an extra million barrels per day.
BP Net Zero Strategy Features Increased Bioenergy Production
BP on Aug. 4 announced a new strategy to transform from an international oil company focused on producing resources to an integrated energy company.
Cimarron Composites Signs Contract with Shell Oil
Alabama-based Cimarron Composites has signed a five-year purchase agreement with Shell Oil company to provide advanced composite cylinders for hydrogen gas tran…
Qatar: Qatar Petroleum Wins ‘New Venturer of the Year Award’
Qatar Petroleum, in honor of its outstanding and growing international exploration presence around the globe, has been awarded the “New Venturer of the Year Aw…
Eni to Accelerate Conversion of its Conventional Oil Refineries into Biorefineries
Initially planned to be completed in around thirty years, the transformation of Eni’s conventional oil refineries into biorefineries will be done over the next…
Who Will Get Full Control Of Libya’s Oil Riches?
Major alliances such as NATO and the European Union mean nothing in this conflict.
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”.
America:Chesapeake Files for Bankruptcy Protection
Chesapeake Energy, the once-mighty natural gas producer, filed for bankruptcy protection today.
Libya Oil Company: Russian Mercenaries Enter Major Oilfield
Russian and other foreign mercenaries have entered Libya’s largest oil field, the country's National Oil Corporation said on Friday, describing the development…
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…
Oil & Gas Trade
Venezuelan Oil Production Sinks to Lowest Output in 77 Years
Crisis-wracked Venezuela's relentless fall in oil production sunk to a new low in May, according to OPEC figures, a milestone in a decade of decline for the onc…
Rosneft Launches "Denationalization" Reorganization
Russia's largest state-owned oil company Rosneft experienced its first quarterly loss in eight years.
Libya's Oil Company Says Largest Oil Field Shut Down Again
The country's largest oil field to halt work just hours after it restarted operations.
Massive Fire at Assam's Baghjan Oil Well
A massive fire engulfed the damaged Baghjan oil well on Tuesday which has been spewing gas uncontrollably for the last 14 days in Assam's Tinsukia district.
Bulgaria to Set up a State-Owned Oil Company
Bulgaria plans to set up a state oil company to manage oil and fuel warehouses and set up filling stations across the country to increase competition.