Oil

LNG

BP Issues Force Majeure to Golar Over Tortue Ahmeyim LNG Project

BP is seeking to delay by a year the reception of a floating liquefied natural gas facility at the Tortue Ahmeyim project in Africa.

Crude Oil

Russia: U.S. Shale Decline Can’t Count As ‘Output Cut’

Production declines across the U.S. shale patch as companies reduce drilling and spending cannot be viewed as a voluntary U.S. cut aimed at supporting oil price…

Invited for Supply of Oil Cooler

Tender are Invited for Supply of Oil Cooler.

Oil Shale

Is U.S. Energy Dominance Coming To An End?

America’s era of “energy dominance” was brief.

Oil & Gas Trade

Iran doesn't Agree with Holding OPEC+ Meet Without Clear Outcome

Iran’s Oil Minister, Bijan Zanganeh, said his country does not agree with holding any OPEC+ meeting in the absence of a clear proposal and expected outcome fro…

Crude Oil

L&T Wins 'Large' Contract from Indian Oil for Capacity Expansion at Barauni Refinery

It has won a "big" contract from the Indian Oil Corporation to expand capacity at the IOC's Barauni refinery in bihar.

Oil Price

Oil Rises As Markets Eye OPEC, Russia Meeting on Output Cuts

Oil prices rebounded Wednesday after two straight days of declines.

Oil&Gas Drilling

Government Admits BP Drilling Permit Process was Unlawful

The government admits it acted unlawfully in granting BP’s permit to drill for new oil in the North Sea, a Greenpeace legal challenge reveals, after officials …

Oil Shale

The Dream Of U.S. Energy Independence Is Dying Along With The Shale Revolution

It was a revolution; a game-changer.

Oil Pipeline

Algeria Completes the Construction of GR7 Gas Pipeline Project

Algeria’s state-owned Sonatrach oil and gas company has successfully completed the construction of the GR7 gas pipeline project.

Crude Oil

Trump: Free Markets Will Determine U.S. Oil Production

U.S. President Trump believes local oil production output cuts will happen automatically thanks to the nature of the free market, he told reporters this week.

Oil Price

African Energy Chamber Urges OPEC and OPEC+ to End Oil Price War

OPEC and OPEC+ are set to meet in Vienna on Thursday, April 9 to try to reach a deal on ending the current oil prices war.

Solar Power Panel

Oil Companies Are Collapsing, but Wind and Solar Energy Keep Growing

The renewable-energy business is expected to keep growing, though more slowly, in contrast to fossil fuel companies, which have been hammered by low oil and gas…

Oil Price

Oil Could Dive Below $10 if OPEC & Allies Fail to Agree Production Cut Deal

According to the agency's report, a fall in demand and an increase in supply could result in more than 20 million barrels per day of excess oil.

Oil & Gas Trade

Gas Prices Drop in West Virginia as Demand Hits Nearly 30-Year Low

AAA reports that the average price of gasoline across northern West Virginia is 5 cents cheaper this week at $1.851 per gallon.