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Belt and Road
Lukoil Reaches Oil Output Milestone on North Caspian Sea Fields
Russian independent oil company Lukoil has exceeded a cumulative production of 35 million tonnes from its Yury Korchagin and Vladimir Filanovsky fields in the N…
The OPEC Producer Looking To Sell A Stake In Its Oil Company
OPEC producer Angola plans to raise much-needed cash via selling a stake in its state oil firm Sonangol by early 2022 as the crash in oil prices—and the pandem…
Nigeria's NNPC Says First Oil Flowing from Anyala Offshore Field
Nigerian state oil company NNPC and First E&P have begun oil production at the Anyala oilfield, NNPC announced on Thursday.
Net Zero Emission
Oxy Becomes First U.S. Driller To Announce Net-Zero Plan
Occidental Petroleum has become the first U.S. oil company to announce a plan to slash greenhouse gas emissions to net-zero by 2050.
ADNOC Says Signs LNG Supply Agreements with Vitol and Total
The Abu Dhabi National Oil Company on Wednesday said that ADNOC LNG signed up to a six-year LNG supply agreement with energy trader Vitol and a two-year supply …
PNOC, CNOOC to Start South China Sea Joint Venture by 2021
The Philippine National Oil Company has agreed to start an energy exploration venture with the China National Offshore Oil Corp in the South China Sea by 2021.
ENAP Switches on 10.4-MW Wind Farm in Chile
Chilean state-owned oil company Empresa Nacional del Petroleo (ENAP) has brought online its 10.35-MW Vientos Patagonicos wind farm located in the Cabo Negro ind…
New Fortress Energy Signs MOU with Philippine National Oil Company
"The memorandum will enable cleaner, more affordable and more reliable energy for the people of the Philippines," said Wes Edens, CEO and Chairman of NFE.
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.
Hellenic Petroleum Finishes Takeover of Juwi’s 204 MW Solar Power Project
Oil company Hellenic Petroleum has completed the takeover of one of the largest solar photovoltaic projects in Europe from German developer juwi Holding.
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…
Stena Drilling Lands Drillship Deal with Repsol in Mexico
Offshore drilling contractor Stena Drilling has won a drilling contract with Spanish oil company Repsol for operations offshore Mexico.
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…
Saudi Arabia Announces Siscovery of New Oil, Gas Fields
The two fields, Hadat Al-Hajrah gas field in the Al-Jawf region and Abraq Al-Talul oil field in the northern border region, were discovered by the Saudi Arabian…
Saudi Aramco Says Profit Fell 73 Percent as Demand for Oil Shrank
Saudi Aramco, the world’s largest oil company, said on Sunday that its quarterly earnings plunged more than 73 percent compared to a year ago, as lockdowns imp…