The move comes as BP re-evaluates its portfolio in the wake of a dramatic slump in oil prices three years ago.
Read More »Extending the OPEC Cuts Deal: An Option or A Must?
Unless a miracle happens and fundamentals change miraculously. an extension is a must and not just an ``option.``
Read More »Russia’s Rosneft Expects $40 in 2018
Sechin’s oil price forecast is basically in line with Russia’s economic estimates from earlier this year.
Read More »Oil. Gas to Be Big Part of Energy Mix for Decades to Come
BP is a global energy company with wide reach across the world’s energy system.
Read More »Petronas. Aramco Keen on $1.8 Billion Daewoo E&C Controlling Stake
In July. Petronas scrapped a proposed C$36 billion ($29 billion) liquefied natural gas project in western Canada due to weak prices. in a blow to its global ambition.
Read More »Saudi Aramco. SABIC Launch Bidding at Key Chemical Project
The project is strategic for Saudi Arabia. which plans to expand further into the petrochemical chain to export more end products and grow beyond oil.
Read More »Oil and Gas Added $1.3 Trillion to The U.S. Economy in 2015
Oklahoma. Wyoming. North Dakota. and Texas held the highest proportion of jobs directly related to the oil and gas supply chain.
Read More »Sasol Profit Falls on Strong Rand as Secunda Output Hits Record
Sasol shares climbed as much as 4 percent in Johannesburg trading. the most since March 31. and were 3.9 percent higher at 386.50 rand as of 10:05 a.m. local time.
Read More »SZOGPC Increase Gas Output by 6%
Tehran seeks to raise gas production capacity to 1 billion cubic meters per day by March 2018 on the back of bigger supplies from South Pars.
Read More »India Plans Next Merger On Road to Creating Oil Giant
India’s plan to merge some state-held oil enterprises could reduce inefficiencies in the sector.
Read More »