Oil firm

Crude Oil

Crude Shipments Resume from Pemex Floating Oil Storage Unit After Collision

An oil production and storage vessel operated by Mexican state oil firm Pemex in the Gulf of Mexico has resumed crude shipments after a tanker collision halted …

Oil & Gas Trade

Venezuela Restarts Gasoline Output At Only Operating Refinery

Venezuela's state oil firm PDVSA has resumed gasoline production at the only operating refinery in the country home to the world's largest oil reserves that is …

Energy Transition

Australia Looks to Big Oil in Latest Plan to Curb Emissions

Australia is seeking to cut emissions in one of the world’s biggest per-capita polluters by encouraging oil firms including Chevron Corp. and Woodside Petroleu…

Oil Price

Petrobras Halts Sale Of Huge Oilfields After Oil Price Collapse

Amid the low oil prices, Brazil’s state-owned oil firm Petrobras has suspended preparations to sell a minority stake in a cluster of four offshore fields produ…

Oil Price

Canada’s Oil Firms Set To Curtail Output By At Least 1 Million Bpd

Companies in Canada have already reacted to the oil price plunge, but analysts and investors will be looking for further clues in the earnings reports about how…

Oil Price

Equinor Cuts First-Quarter Dividend by 67% Amid Oil Price Crash

Norwegian oil firm Equinor (EQNR.OL) will cut its quarterly dividend payment by two-thirds as part of an effort to preserve cash amid the collapse in crude pric…

Oil Price

Russian Oil Firms Ready To Agree To A Production Cut Deal

With oil prices below Russia’s budget breakeven and with over 20 percent of global oil demand wiped out by the coronavirus pandemic, Russian oil firms could be…

Crude

China’s Top Oil Firm Sees Demand Growth Cut in Half in 2020

The world’s biggest oil import market could see demand growth in 2020 of just half of last year’s levels as the trade war’s ripple effects continue to be fel…

Oil & Gas Trade

Saudi Aramco Oil Firm Starts Trading after Record £19.5bn IPO

Saudi Arabia’s oil company Aramco has started trading on the Saudi Tadawul stock exchange for the first time after a 25.6 billion dollar (£19.5 billion) initi…

Labour Party Manifesto: Windfall Tax on Oil Firms, Delisting for Those not Tackling Climate Change

UK’s Labour Party plans to impose a reported £11bn windfall tax on oil companies, and to delist from the London Stock Exchange those companies that don’t hel…

Saudi Aramco Targets Sale of 0.5% of Oil Firm to Retail Investors in IPO

Saudi Aramco is looking to sell up to 0.5% of the state oil giant to retail investors in its planned initial public offering (IPO), three sources familiar with …

Oil & Gas Trade

Iraq Continues Negotiations with US Exxon Mobil Over Mega Project

Iraq Oil Ministry on Saturday said its negotiations with U.S. Exxon Mobil over a mega project in southern Iraq are still on track, denying reports that the mini…

Oil and Gas Equipment

China's CNOOC Aims to Take a Stake in Ugandan Oil Pipeline

Chinese oil firm China National Offshore Oil Corporation (CNOOC) aims to take a stake in an oil pipeline being developed to export Ugandan crude, the firm said …

Oil&Gas Drilling

Qatar Petroleum Enters Offshore Blocks Of Kenya

State-owned oil firm Qatar Petroleum announced Tuesday the acquisition of interests in three blocks in offshore Kenya, Kallanish Energy reports.