French giant TotalEnergies signed a $27-billion contract to invest in oil, gas and solar production in Iraq Sunday, as the country faces an acute energy crisis.
Fugro will be in charge of deploying its survey technology to inspect the subsea infrastructure, including pipelines and structures.
Following a meeting held on Sunday, OPEC and its allies have agreed to increase oil production starting from August 2021 with plans to end production adjustments by the end of September 2022.
OPEC+ ministers agreed on Sunday to boost oil supply from August to cool prices which have climbed to 2-1/2 year highs as the global economy recovers from the coronavirus pandemic.
Qatar Petroleum has entered into a 15-year sale and purchase agreement with CPC Corporation, Taiwan for the supply of 1.25 m tons of liquified natural gas (LNG) per year.
Samsung Heavy Industries has agreed to settle allegations of corruption in connection with the sprawling Petrobras bribery investigation, paying a fine of $150 million in an agreement with Brazilian prosecutors.
A spat between Brazil’s president Jair Bolsonaro and Petrobras CEO Roberto Castello Branco has resulted in the government moving to appoint a new CEO to lead the state-run oil giant.
Since early November, the spread has widened steadily so that it now stands at $92 per tonne in Rotterdam and $112.5 per tonne in Singapore.
The company was established in 1991 and operates mainly in the Persian Gulf, with its head office in Tehran. It experienced a very fast growth in its life and achieved a record of $7 billion for its ongoing projects in 2010.
f ever a year needed a shot of glass-half-full attitude, it’s 2020. I got it recently from an oil executive. Conversation turned inevitably to the pandemic and 10 million barrels a day of oil consumption — one in ten — going *poof*.
An estimated 22 billion barrels of non-conventional and recoverable crude was recently discovered in Abu Dhabi, the capital of the United Arab Emirates (UAE).
India’s minister of petroleum and natural gas and steel, Dharmendra Pradhan laid the foundation stone for 50 LNG fueling stations.
Shell is deploying autonomous surface vessels for its global hydrocarbon exploration drive
Venezuela’s oil exports fell to a historic low of 359,000 barrels per day (bpd) in October as most of state-run PDVSA’s long-term clients paused trade to meet a U.S. deadline to halt business with the firm, according to data seen by Reuters on Monday.
The problem-plagued Limetree Bay refinery in St. Croix, Virgin Islands, may lose its main supplier of crude, oil major BP, if it isn’t successfully up and running by December, according to two people familiar with the matter.
Iranian oil exports have risen sharply in September in defiance of U.S. sanctions, three assessments based on tanker tracking showed, throwing a lifeline to the Islamic Republic and its collapsing economy.
ExxonMobil has completed a trial on the use of marine biofuel oil with Stena Bulk, with the results demonstrating a CO2 emission reduction of 40% compared to the use of conventional high-sulphur bunker fuel.
On Tuesday, a major natural gas leak was spotted at an oil platform just off the coast of Corpus Christi, Texas.
The agreement was signed on Thursday 13 August during a virtual ceremony in the presence of Eng. Abdullah Aldubaikhi, CEO of Bahri, and Abdulaziz Alshamsi, CEO of Tabadul, together with senior officials from both parties.