Oil

Crude Oil
Exxon: 20 Percent Of Global Oil And Gas Reserves may be Wiped Out
After a grim Q2 season for Big Oil, the world’s third-most valuable energy company is warning that 20% of the world’s oil and gas reserves may no longer be vi…
Oil & Gas Trade
China’s Crude Oil Imports Drop From Record Highs
China’s crude oil imports are estimated to have dropped in July by 3 percent from June, but they were still much higher than the import volumes in July 2019.
Oil Pipeline
Equitrans Confirms Early 2021 Startup for Mountain Valley Natural Gas Pipeline
U.S. pipeline company Equitrans Midstream Corp said on Tuesday it still expects to complete the $5.4 billion Mountain Valley natural gas pipeline from West Virg…
United Kingdom
BP To Cut Oil Production 40% By 2030, And Invest Billions Into Green Energy
In some refreshingly good news for the environment, news coming out of London, BP has announced that it is planning to cut oil and gas production by 40% and inv…
United States
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…
Azerbaijan Stuck to Opec+ Quota in July
Azerbaijan produced 553,800 b/d of crude last month, unchanged from June and fully in line with its Opec+ commitment, according to preliminary data from state-o…
Oil&Gas Drilling
Neptune Energy Makes 'Significant' Oil Discovery in Norway
Britain's Neptune Energy and its partners have discovered oil at a jointly owned drilling license in the Norwegian part of the North Sea.
Oil & Gas Trade
Ukraine Says no Plans to Resume Gas Purchases from Russia
Ukraine's state energy firm Naftogaz said it would not resume buying natural gas from Russia.
United Kingdom
BP Cuts Dividend for First Time in a Decade After Record Loss
The dive into the red came after the firm slashed the value of its oil and gas exploration assets in response to price forecasts.
Oil&Gas Drilling
U.S. Offshore Rig Count at 12 for Four Weeks Straight
The U.S. offshore rig count has remained flat for another week, making this the fourth week straight with 12 active units.
United States
Chevron Posts Massive $8.3 Billion Loss
U.S. oil major Chevron hit the red hard as it reported a massive loss of $8.3 billion, or almost $4.5 per diluted share, for the second quarter of 2020.
Energy Technology
German Oil Refinery to Build 30 MW Hydrogen Electrolysis Plant
Germany agreed a national hydrogen strategy to help decarbonise the economy, including providing 9 billion euros to help promote new projects.
Crude Oil
Russia is Raising Crude Oil Output as OPEC+ Cuts Ease
OPEC+ producers from Aug. 1 have agreed to slim their output cuts to 7.7 million barrels per day from 9.7 million bpd.
Nigeria
Nigeria Govt Reiterates Pledge to Unlock Opportunities in Gas Sector
The Group Managing Director, Nigerian National Petroleum Corporation (NNPC), Mele Kyari, has said Africa, particularly Nigeria, has huge gas resources which can…
Oil Price
ExxonMobil Posts First Consecutive Quarterly Losses Since the Mid-80s
Oil major ExxonMobil reported a back-to-back quarterly loss for the first time in over three and a half decades.

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Oil

Exxon: 20 Percent Of Global Oil And Gas Reserves may be Wiped Out

China’s Crude Oil Imports Drop From Record Highs

Equitrans Confirms Early 2021 Startup for Mountain Valley Natural Gas Pipeline

BP To Cut Oil Production 40% By 2030, And Invest Billions Into Green Energy

Cimarron Composites Signs Contract with Shell Oil

Azerbaijan Stuck to Opec+ Quota in July

Neptune Energy Makes 'Significant' Oil Discovery in Norway

Ukraine Says no Plans to Resume Gas Purchases from Russia

BP Cuts Dividend for First Time in a Decade After Record Loss

U.S. Offshore Rig Count at 12 for Four Weeks Straight

Chevron Posts Massive $8.3 Billion Loss

German Oil Refinery to Build 30 MW Hydrogen Electrolysis Plant

Russia is Raising Crude Oil Output as OPEC+ Cuts Ease

Nigeria Govt Reiterates Pledge to Unlock Opportunities in Gas Sector

ExxonMobil Posts First Consecutive Quarterly Losses Since the Mid-80s