Oil company

Oil & Gas Trade

Oil Companies Cut More Jobs As Demand Recovery Remains Uncertain

Suncor Energy is cutting as much as 15 percent of its workforce—a total of 2,000 jobs—as demand destruction and low prices have created an adapt or die scenar…

Oil&Gas Drilling

Stena Drilling Lands Drillship Deal with Repsol in Mexico

Offshore drilling contractor Stena Drilling has won a drilling contract with Spanish oil company Repsol for operations offshore Mexico.

Crude Oil

COVID-19 Forces Libyan Oil Companies To Halt Operations

Two of Libya’s National Oil Company affiliates on Monday sent some oil workers home and halted some work due to the spread of Covid-19, according to a NOC stat…

Oil Field

Saudi Arabia Announces Siscovery of New Oil, Gas Fields

The two fields, Hadat Al-Hajrah gas field in the Al-Jawf region and Abraq Al-Talul oil field in the northern border region, were discovered by the Saudi Arabian…

Saudi Arabia

Saudi Aramco Says Profit Fell 73 Percent as Demand for Oil Shrank

Saudi Aramco, the world’s largest oil company, said on Sunday that its quarterly earnings plunged more than 73 percent compared to a year ago, as lockdowns imp…

Crude Oil

Aramco Aims to Boost Production Capacity to 13 Million Bpd

The world’s largest oil company is looking to raise its production capacity by an extra million barrels per day.

Biobattery

BP Net Zero Strategy Features Increased Bioenergy Production

BP on Aug. 4 announced a new strategy to transform from an international oil company focused on producing resources to an integrated energy company.

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…

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…

Crude Oil

Eni to Accelerate Conversion of its Conventional Oil Refineries into Biorefineries

Initially planned to be completed in around thirty years, the transformation of Eni’s conventional oil refineries into biorefineries will be done over the next…

Market Analysis

Who Will Get Full Control Of Libya’s Oil Riches?

Major alliances such as NATO and the European Union mean nothing in this conflict.

China Energy

China-Made Large "Offshore Oil and Gas Plant" Put into Production in Brazil

Successful oil production marks the official commissioning of this large “offshore oil and gas plant”.

Oil Shale

America:Chesapeake Files for Bankruptcy Protection

Chesapeake Energy, the once-mighty natural gas producer, filed for bankruptcy protection today.

Oil Field

Libya Oil Company: Russian Mercenaries Enter Major Oilfield

Russian and other foreign mercenaries have entered Libya’s largest oil field, the country's National Oil Corporation said on Friday, describing the development…

Oil Price

Rising Diesel Prices Set New Record

Diesel prices soared to a record on Friday while petrol prices rose to their highest in 19 months after state oil companies increased rates for the thirteenth t…