Oil

Market Analysis

Oil Demand May Never Recover from COVID-19 Crisis, says Shell CEO

Global oil demand might never return to levels seen before the outbreak of the COVID-19 epidemic.

Oil Field

CNPC in Talks to Buy $1.5-Billion Stake in BP’s Oman Gas Field

Chinese state-held giant China National Petroleum Corporation is in advanced talks to buy a 10-percent stake in a giant natural gas field in Oman from BP in a d…

Oil Pipeline

Trump Allows Existing Keystone Oil Pipeline To Boost Capacity

TC Energy, the right to increase the maximum throughput capacity, while the Keystone XL project continues to face significant legal hurdles to starting construc…

China

Why the Iran-China Oil Alliance is So Important

The steady rise in U.S. strategic competition with the People’s Republic of China over trade and the South China Sea already has so many dimensions that it is …

Qatar

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…

Oil & Gas Trade

US extends LNG Export Term to 2050

The Department of Energy is issuing a final policy statement that allows for US LNG exports to non-free trade agreement countries to be extended through the yea…

Netherlands

Shell Swings to Loss on $16bn Impairment Charge but Pays Dividend

Royal Dutch Shell swung to a heavy net first-half loss, but paid a dividend as the Covid-19 crisis hammered oil and gas prices.

United States

Total Takes US$7-Billion Hit on Exposure to Canada's Oil Sands

Total SE announced an US$8.1 billion writedown after the push to curb carbon emissions and the coronavirus pandemic challenged assumptions about the viability o…

Oil Price

Why Oil Remains Stuck at $40

Oil prices posted gains once again on Wednesday on the back of bullish data from the EIA, but analysts are warning that plenty of downside risks remain.

Saudi Arabia

MENA Fund to Increase Saudi Investments with Eye to Recovery

Middle Eastern fund managers plan to increase investments in Saudi Arabia in the current quarter, betting on the kingdom’s ability to bounce back from the coro…

Project management for the construction of a boiler room and an urban heating network

Contract notice: project management for the construction of a boiler room and an urban heating network in the monplaisir sector in angers (49)

Oil&Gas Drilling

Aral to Build more than 100 350kW Ultra-Fast Charging Points at Retail Sites in Germany

Following a successful 12-month pilot project at five of its retail sites, Aral, bp’s market leading fuel retail brand in Germany.

Oil Pipeline

China Starts Building Southern Part of China-Russia East Gas Pipeline

Construction has started on the southern portion of the China-Russia East natural gas pipeline, which carries supplies from the Power of Siberia system in Russi…

LNG

Consortium-Led LNG to Power Project in Myanmar Gets Approval

A consortium of Marubeni, Sumitomo, Mitsui, and Eden Group has received a notice to proceed with an LNG power plant in Myanmar.

Oil & Gas Trade

Jet Fuel Crisis Will Hurt Oil Demand For Years To Come

A full recovery in jet fuel demand will probably have to wait until 2023, Bank of America (BofA) said in a recent commodities research report cited by The Natio…