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Oil company
Crude Oil
BP Profit Triples on Soaring Energy Prices
Oil company reveals profits increased to a 14-year high.
Crude Oil
As Political Deadlock Simmers, Libya Hits 1.2M Bpd Oil Production
Oil production in Libya has hit 1.2 million barrels per day, the level the country was producing prior to its declaration of force majeure in April, according t…
Natural Gas
Petroecuador Opens Tenders for Offshore Field, Refinery Modernization
Ecuadorean state-run oil company Petroecuador on Thursday announced two auctions, hoping to attract private company bids for a flagship offshore natural gas fie…
Crude Oil
Petroecuador Begins Meetings to Renegotiate Contracts with PetroChina
Ecuador's state-owned oil company Petroecuador has started meetings to renegotiate long-term sales oil contracts with PetroChina, a process it hopes to conclude…
Russian Federation
Shell Starts Withdrawing Staff From Russia as Part of Exit Strategy
Oil company is demobilising its seconded employees in ventures with Gazprom and Gazprom Neft in a phased process.
Oil and Gas Equipment
Chinese Cable Supplier Hired for Major ADNOC Oil and Gas Projects
ZTT Submarine Cable & System has secured three oil and gas subsea cable supply projects with UAE’s National Petroleum Construction Company (NPCC), set to be de…
SINOPEC
Aramco in Discussions with Sinopec on Downstream Ventures
Saudi Aramco is looking at a number of opportunities with China's state-backed Sinopec and is still in discussions with India's Reliance on a possible joint ven…
Crude Oil
BP may Take $25 Billion Hit from Divestment from Russian Oil Company
BP expects to lose up to $25 billion, more than a fourth of its market capitalization, after divesting from its 19.75% stake in the Rosneft oil company in Russi…
Crude Oil
Petroecuador Plans to Double Oil Output in Next Five Years. Target Set at 800,000 Boed
Petroecuador, Ecuador's state-owned oil company, on Friday said it will look to double production to 800,000 barrels of oil equivalent per day (boed) in the nex…
Russian Federation
Norway's Equinor Confirms Trading Halt in Russian Oil
Norwegian state oil company Equinor said on Monday it will stop trading in Russian oil as the company shuts down operations in Russia following its invasion of …
Crude Oil
Aramco Takes FID to Build Refinery and Petrochemical Complex in China
Saudi Arabian Oil Company (Aramco) has taken the final investment decision (FID) to develop a refinery and petrochemical complex in China, in partnership with N…
Crude Oil
Norway's Equinor Halts Trading Russian Oil
Norwegian state oil company Equinor has stopped trading Russian oil as it winds down operations there in the wake of Moscow's invasion of Ukraine, Chief Executi…
Crude Oil
Shell to Buy Russian Crude and Use Profits to Help Ukraine
Shell, Europe’s largest oil company, said Saturday that it would probably continue to buy Russian crude oil to feed into its refineries and supply customers wi…
Oil & Gas Trade
BP to Exit its 20% Stake in Russian Oil Giant Rosneft
BP Plc will exit its shareholding in Russia’s largest oil company Rosneft PJSC, potentially taking a financial hit of as much as $25 billion.
Natural Gas
Saudi Arabia Announces Discovery of Five Natural Gas Fields
Saudi Arabia’s state oil company discovered five new natural gas fields across the kingdom that can produce over 100 million cubic feet per day in total, as th…
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