Tag Archives: United States of America

Iranian Oil Minister Bijan Zangeneh underlined that Washington has been unable to bring the Islamic Republic’s energy and oil activities to a halt despite unilateral sanctions imposed on the country. “We have managed to overome the US sanctions and engage in our oil trade activities,” Zangeneh said. He, meantime, pointed …

The wind farm is estimated to generate $3m in community revenue to benefit school districts, the local hospital and a community college.

Exxon Mobil incurred an unprecedented second straight quarterly loss as almost every facet of the oil giant’s business slumped amid Covid-19 lockdowns that stunted economic activity. The explorer’s oil and natural gas unit took a hit of as much as $3.1 billion as prices for those commodities slumped, according to …

German Chancellor Angela Merkel said on Wednesday that proposed US sanctions against the Nord Stream 2 gas pipeline from Russia were law-defying and would be dealt with. “We think that extraterritorial sanctions, like the ones imposed by the US, do not match our understanding of what is legal. This concerns …

America’s biggest oil companies are coming under increasing pressure from climate-conscious investors to disclose their long-term forecasts for crude prices as the Covid-19 pandemic injects fresh uncertainty into the demand outlook for fossil fuels. Exxon Mobil Corp. and Chevron Corp. don’t publish such estimates, meaning that shareholders are less able …

Digitally connected service delivers real-time operational data and insights for improved performance Schlumberger introduced, on June 29, Performance Live digitally connected service that optimizes remote wellsite operations control while improving safety, efficiency and footprint. The service includes technology and domain expertise within a digital ecosystem, leveraging cloud-based applications and automated …

A second wave of Covid-19 infections in China’s capital is threatening to depress the nation’s appetite for American oil just after a pick-up in purchases. Signs of weakening demand from the world’s largest oil consumer are now starting to weigh on export prices for American crude, according to industry participants. …

The unprecedented OPEC+ deal in April, which led to drastic output cuts, is now entering its most dangerous phase, with oil demand and prices recovering. At the time, President Donald Trump claimed credit for the breakthrough, even though the U.S., the world’s biggest oil producer, wasn’t part of the agreement. …

U.S. shale was one of the big losers of the Saudi-Russian price war that many saw as a war on U.S. shale. Producers scrambled to stay afloat as prices sank back to lows not seen since 2016, and they are still scrambling. Banks are giving them the cold shoulder, worried …

A second wave of Covid-19 infections in China’s capital is threatening to depress the nation’s appetite for American oil just after a pick-up in purchases. Signs of weakening demand from the world’s largest oil consumer are now starting to weigh on export prices for American crude, according to industry participants. …