The Trump administration blamed Iran for attacks on two oil tankers near the entrance to the Persian Gulf. escalating tensions between the two rivals despite denials from officials in Tehran that they were behind the incidents.
Read More »Shell Ships First LNG Cargo from Prelude FLNG. Offshore Australia
Shell announced that the first shipment of liquefied natural gas has sailed from the company’s Prelude floating liquefied natural gas (FLNG) facility.
Read More »$220bn at Stake as Project Sanctioning Gears Up
Cost uncertainty for offshore oil and gas projects around the globe could be as high as $220bn over the next four years.
Read More »The 2020 Oil Market is Quickly Turning Ugly
Oil bulls thought 2020 would be their year.
Read More »Gazprom Neft. Repsol and Shell to Develop Major Exploration Cluster on Gydan Peninsula
Gazprom Neft. Repsol and Shell have signed a memorandum of understanding at this year’s St. Petersburg International Economic Forum.
Read More »ExxonMobil Staff will Return to Work in Iraq
The state of emergency was declared as a precaution because of floods that hit the region over winter and spring.
Read More »Qatar Fights for LNG Dominance
Qatar is taking steps to proactively develop its solar power generation.
Read More »Canadian Natural Closer to King of Oil Sands with Devon Purchase
Canadian Natural Resources Ltd. can’t yet claim the King of the Oil Sands status. but it’s a lot closer to overtaking its rival Suncor Energy Inc. after buying a key Athabasca drilling site.
Read More »Oil Giants Unlikely to Bail Out Independent Drillers in the Permian
Oil giants probably won’t be buying up the Permian basin’s struggling independent drillers any time soon.
Read More »Oil & Gas Leaders Look for Cost Reduction and Efficiency Gains
Chairman and CEO of ConocoPhillips spoke about his company’s hyper focus on returns highlighting that the returns the energy industry has generated have been negative over the last 10 to 15 years.
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