Bloomberg
Canada’s Suncor Energy Inc. is exploring the sale of a handful of oil and gas fields in the North Sea, according to people with knowledge of the matter.
Suncor is studying divesting the 30,000-barrel-a-day Golden Eagle Area on the …
WASHINGTON/MEXICO CITY/LONDON – Democratic U.S. presidential hopeful Joe Biden’s promised return to diplomacy with OPEC-members Iran and Venezuela could cut a path for a return of their oil exports should he win, but not before many months at least …
LONDON – Libya’s oil sector, shattered by unrest since the toppling of long-time leader Muammar Gaddafi in 2011, is back on the rise.
The easing of a blockade by eastern forces, which had cut output by more than 90%
LONDON – Oil prices eased on Wednesday after a surprise build-up in U.S. crude stockpiles stoked concerns about a global supply glut and a spike in global COVID-19 cases fuelled fears of a stalled oil demand recovery.
Brent crude …
U.S. commercial crude oil inventories (excluding those in the Strategic Petroleum Reserve) decreased by 1.0 million barrels from the previous week. At 488.1 million barrels, U.S. crude oil …
Oil & Gas 360 Publishers Note: With the oil majors turning to Green Energy, and reducing oil production, this will leave Iraq having more influence on world oil prices and supply. Not necessarily a good thing, especially …
An oil tanker operated by Venezuelan state oil company Petroleos de Venezuela on Tuesday approached a floating oil facility where it is expected to receive crude via transfer at sea amid environmental concerns, Refinitiv Eikon data showed.
Environmental groups …
Roller coaster day for the equites markets as stimulus talks spur green indices, but slump as the market closed and stimulus hopes faded. The Dow Jones closed 113.37 points higher, or 0.4%, at 28,308.79. The 30-stock average was briefly up
MOSCOW – Russia’s energy minister said on Tuesday it was too early to discuss the future of global oil production curbs beyond December, less than a week after saying plans to reduce the output restrictions should proceed.
OPEC and …
London, 20 October (Argus) — Iraq’s reconstituted national oil company Inoc will be operational by early 2022, more than 30 years after it was broken up under Saddam Hussein’s regime, according to oil minister Ihsan Ismael.
“By the third …
One of the market’s worst-performing sectors this year has turned the tables.
S&P 500 utilities stocks have been the top sector over the past month and in October, with the group now approaching a key bullish pattern known as …
COVID-19 cases uptick and souring stimulus sentiment lead to over 1% losses on the overall equities market today. The Dow Jones traded 450 points lower, or 1.1%. Earlier in the day, the 30-stock average was up more than 100 points.
Saudi Arabia’s crude oil exports rose for a second consecutive month to 5.97 million barrels per day (bpd) in August, from 5.73 million bpd in July, official data showed on Monday.
The country’s crude output rose by 500,000 bpd …
LONDON/MOSCOW/DUBAI – The world’s two largest oil exporters, Russia and Saudi Arabia, are in talks on how to support volatile oil markets, the Kremlin said on Monday as rising coronavirus infections worldwide curb fuel demand.
An OPEC+ ministerial monitoring …
LONDON – Oil steadied on Monday, pressured by concerns over surging coronavirus cases globally and by Libya’s plan to boost output, however, prices found some support by hopes of a U.S. fiscal package and expectations of a vaccine by …
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Offshore Energy
Even though Hurricane Energy had promising exploration results in UK’s fractured basins, energy intelligence firm Rystad Energy believes that the country’s hydrocarbon production would never rise above 2 million boepd again.
Rystad said on Thursday that hydrocarbon production …
Libya’s daily oil production has risen to around 500,000 barrels, according to people familiar with the situation, as the war-battered nation restarts its energy industry after a truce.
Sharara, the country’s biggest oil field, is pumping roughly 110,000 …
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Retail sales save the week as major industries turn green off the back of strong September retail sales information. The Dow Jones traded 242 points higher, or 0.8%. The S&P 500 gained 0.5% and the Nasdaq advanced 0.4%. Retail sales
LONDON – Analysts have significantly increased their European carbon market price forecasts on expectations tougher climate targets for greenhouse gas reductions in the bloc will drive up the cost of permits.
EU Allowances (EUAs) are expected to average 37.86 …
This week’s Baker Hughes rig count shows that U.S. had an increase of 13 over last week, resulting in a total count of 282 rigs. Canada had a no increase over last week, resulting in a …
LONDON – Oil prices fell on Friday, dragged down by concerns that a spike in COVID-19 cases in Europe and the United States is curtailing demand in two of the world’s biggest fuel consuming regions, while a stronger U.S. …
MOSCOW – OPEC and its allies fear a prolonged second wave of the COVID-19 pandemic and a jump in Libyan output could push the oil market into surplus next year, according to a confidential document seen by Reuters, a …
EnergyWorld
State-owned IOC, Bharat Petroleum Corp Ltd (BPCL) and Hindustan Petroleum Corp Ltd (HPCL) together with Saudi Aramco and Adnoc plan to set up a 60 million tonnes refinery-cum-petrochemical complex on Maharashtra coast
New Delhi: Saudi Arabian Oil Co (…
Bankruptcies abound in America’s oilpatch. So far this year 40 oil exploration and production companies have gone under, according to analysis from lawfirm Haynes & Boone, involving $54 billion in debt. The biggest failure so far, with $11.8 …
