Oil company

Crude Oil
Mexico Rejects Global Plan To Cut Oil Production
The deadly price war and coronavirus cocktail that threw most of the global industry into a panic seems to have missed one of the large national players: Mexico…
Crude Oil
How Russia Is Shedding Its Venezuelan Assets
Russia has set up a wholly state-owned oil company named Roszarubezhneft after Rosneft announced it would exit Venezuela and ditch its Venezuelan assets to a ne…
Oil Price
Libya Says Oil Shutdown Losses Exceed $3.5 Billion
Libya's oil company says economic fallout from a protracted blockade of its vital oil facilities has resulted in losses surpassing $3.5 billion at a time when t…
Oil Price
Exxon To Slash Spending As Oil Price Collapse Continues
Exxon has become the latest U.S. oil company to announce plans for spending cuts amid the coronavirus outbreak that caused a price slide significantly aggravate…
Oil & Gas Trade
Aramco Shares Fall 9%; Below IPO Price for First Time as OPEC Pact Unravels
Shares of Saudi state oil company Aramco (2222.SE) slumped below their initial public offering (IPO) price on Sunday for the first time since they began trading…
Oil & Gas Trade
US Slaps Sanctions on Russian Oil Company Trading with Venezuela
The Trump administration Tuesday imposed economic sanctions on Rosneft Trading SA, a Geneva-based subsidiary of Russia’s state-owned oil giant, charging it wit…
U.S. Sanctions Rosneft Unit for Ties to Venezuela Oil Production
The U.S. sanctioned a unit of Russia’s largest oil producer Rosneft PJSC for maintaining ties with Venezuela’s Nicolas Maduro and state-run oil company PDVSA,…
Carbon Neutral
Can BP Become Carbon Neutral?
BP’s new chief executive Bernard Looney outlined an ambitious new objective on Wednesday to make the oil giant carbon-neutral by 2050 - the most exacting susta…
Oil & Gas Trade
Libya’s Oil Chief Denounces Port Blockades As Crude Output Plummets
Blockades of Libya’s export terminals risk cutting off virtually all of the OPEC member’s 1.2 million barrels per day in crude oil exports, warned the chairma…
Oil&Gas Drilling
Libya Says Oil Shutdown Caused Over $255 Million in Losses
The closure of Libya’s major oil fields and production facilities has resulted in losses of more than $255 million in the six-day period ending Jan. 23, the co…
Adnoc Signs Deal With Italy's Eni to Collaborate on Carbon Capture Research
Abu Dhabi National Oil Company signed a strategic framework agreement with Italy’s energy company Eni to explore opportunities to collaborate on carbon capture…
Adnoc Signs $23bn Energy Deals With Indonesia's Pertamina And Chandra Asri
Abu Dhabi National Oil Company signed a preliminary agreement with Indonesia's Pertamina and Chandra Asri to explore the possibility of developing a crude-to-pe…
Oil & Gas Trade
Venezuela's PDVSA to Deliver Gasoline to Fuel-starved OPEC Nation
With an emoji of a flexing bicep, Venezuelan state oil company Petróleos de Venezuela, S.A., or PDVSA, on Tuesday celebrated what was once a routine task in th…
Crude Oil
Libya’s Largest Oil Refinery Faces Closure Amid Clashes
Libya’s national oil company said Saturday it may face closure because of clashes close to its refinery in the country’s western port. The NOC said in a state…
Oil&Gas Drilling
Russian Oil Company Enters Two Blocks Offshore Egypt
Russian state-controlled oil company Zarubezhneft has entered into a production sharing agreement for two offshore blocks blocks in Egypt.

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Oil company

Mexico Rejects Global Plan To Cut Oil Production

How Russia Is Shedding Its Venezuelan Assets

Libya Says Oil Shutdown Losses Exceed $3.5 Billion

Exxon To Slash Spending As Oil Price Collapse Continues

Aramco Shares Fall 9%; Below IPO Price for First Time as OPEC Pact Unravels

US Slaps Sanctions on Russian Oil Company Trading with Venezuela

U.S. Sanctions Rosneft Unit for Ties to Venezuela Oil Production

Can BP Become Carbon Neutral?

Libya’s Oil Chief Denounces Port Blockades As Crude Output Plummets

Libya Says Oil Shutdown Caused Over $255 Million in Losses

Adnoc Signs Deal With Italy's Eni to Collaborate on Carbon Capture Research

Adnoc Signs $23bn Energy Deals With Indonesia's Pertamina And Chandra Asri

Venezuela's PDVSA to Deliver Gasoline to Fuel-starved OPEC Nation

Libya’s Largest Oil Refinery Faces Closure Amid Clashes

Russian Oil Company Enters Two Blocks Offshore Egypt