The number of workers on offshore oil and gas installations decreased by around 4,000 as the UK went into lockdown in March this year, official figures published by industry body OGUK confirm. SourceContinue Reading
Worsening demand outlook is coinciding with Libya’s push to almost double crude output, as it reopened its last major oil field. The nation’s production could top 1 million barrels a day within weeks. SourceContinue Reading
ADNOC Onshore, a subsidiary of ADNOC, awarded the three contracts which will see the procurement and construction of flowlines and wellhead installations across several onshore oil fields in the Emirate of Abu Dhabi. SourceContinue Reading
Cenovus Energy Inc. is getting more than just a rival Canadian oil producer with its acquisition of Husky Energy Inc. It’s also shoring up its defenses against an anti-oil sands movement that could get a boost if Joe Biden is elected as the next president of the U.S. SourceContinue Reading
Not subject to quotas, the return of Libyan barrels is hindering OPEC+ as it tries to prop up crude prices amid a resurgence in coronavirus cases and with many major economies imposing lockdowns again. SourceContinue Reading
For several months now, we have told you our concerns about a potential Joe Biden presidency, as relates to the oil and gas industry’s future. SourceContinue Reading
Venezuelan crude inventories have surged 84% over the last three weeks as the threat of U.S. sanctions ward away buyers of the nation’s most important commodity. SourceContinue Reading
For several months now, we have told you our concerns about a potential Joe Biden presidency, as relates to the oil and gas industry’s future. SourceContinue Reading
