Oil

Oil & Gas Trade

Warren Buffett's Berkshire Buys Dominion Energy Natural Gas Assets in $10 Billion Deal

Warren Buffett's Berkshire Hathaway is finally pulling the trigger.

Market Analysis

Big Oil Confronts Possibility of Terminal Demand Decline

Although crude prices have rebounded from coronavirus crisis lows, oil execs and experts are starting to ask if the industry has crossed the Rubicon of peak dem…

Oil & Gas Trade

Poland and Germany to Cut Russian Pipeline Oil Imports in July

Poland and Germany are set to reduce purchases of Russian flagship Urals crude blend via the Druzhba pipeline this month after Moscow cut its oil output along w…

Crude Oil

Exxon Is Big Oil's Outlier In The Post-Pandemic World

While oil majors stuck to spending discipline after the 2015-2016 price crash, ExxonMobil was the one to stand out from the crowd as it increased capital expend…

Supply of Used Oil Removal Services from General institutions

Tender are Invited for Supply of Used Oil Removal Services from General institutions

Oil Pipeline

Michigan Judge Allows Restart of Disputed Line 5 Oil Pipeline

Enbridge resumed pumping through the Midwest pipeline.

Oil & Gas Trade

US Court Orders Seizure of Iranian Gasoline Cargoes

A US federal court today authorized the seizure of 1.16mn bl of Iranian gasoline aboard four tankers, which are allegedly transporting it to Venezuela.

Crude Oil

New Zealand Cuts 2020 Oil Output Forecast

New Zealand has cut its 2020 upstream output forecast slightly, but now sees its existing oil and gas reserves lasting for longer than previously planned.

UAE's Taqa Registers Dh4bn Loss in Q1 2020

Despite the challenging start to the year, TAQA is looking ahead and is well positioned to continue benefiting from stable revenue streams.

Oil&Gas Drilling

Odfjell Rig Heads to South Africa for Total Drilling Campaign

Odfjell Drilling's semi-submersible drilling rig Deepsea Stavanger has mobilized from Norway to South Africa for a drilling campaign with Total.

LNG

Volkswagen's First LNG-Powered Car Carrier Arrives in US

Volkswagen Group said Wednesday it welcomed its first LNG-fuelled car carrier in the US Port of Davisville, Rhode Island.

South Africa

SA's Sasol to Sell Escravos Gas-to-Liquids Plant to Chevron

South African petrochemicals giant Sasol said on Wednesday it would sell its indirect interest in the Escravos gas-to-liquids plant in Nigeria to Chevron for an…

Crude Oil

Brazil's Oil Output Grows by 7.8% in 2019

Brazil's oil output grew by 7.8 percent in 2019 compared with the year before, averaging 2.8 million barrels a day.

Crude Oil

Saudi Prince Phones Nigeria to Bring Them in Line with OPEC+ Cuts

Saudi Arabia, de facto leader of the OPEC cartel, held a call with fellow member Nigeria as the organization strives to deliver production cuts aimed at bolster…

LNG

TMS Cardiff Gas LNG Tanker Collides with Car Carrier off Belgium

A brand new LNG vessel owned by TMS Cardiff Gas has collided with Cido Shipping's car carrier offshore Belgium's Oostende.