Australian LNG major Woodside is bracing for a $4.37 billion impairments hit following an asset value review.
The company is expected to take a $2.76 billion hit in its financial statements for the half-year ended June 30, 2020, …
360 Feedwire
Weatherford International plc has signed an 18-month contract with the Iraqi Drilling Company (IDC) to provide services and project management for the drilling and completion …
The International Monetary Fund revised its growth forecasts for the Middle East and North Africa downward again amid an “unusually high level of uncertainty,” according to its latest regional economic report.
It now expects MENA economies to contract 5.7%
Fox Business
Oil & Gas Publishers Note: Key Point: “If OPEC clings to restraining production to keep up prices, I think it’s suicidal,” said a person familiar with the Saudis’s thinking. “There’s going to be a scramble for market share,
Oil & Gas Publishers Note: There are some key takeaways from this article from Zacharlas Szumer in Australia. The country was devastated by wildfires, then Covid, and now on to recovery. They are undergoing a typical “push-me-pullu” (Spelling from …
US energy upstart Tellurian has failed to qualify in a tender for supply of competitively priced gas to India just as its $2.5 billion tentative stake sale deal with Petronet LNG Ltd expired, officials said.
Petronet, India’s biggest gas…
TUNIS/LONDON – Libya’s National Oil Corporation (NOC) lifted force majeure on all oil exports on Friday as a Vitol tanker loaded at Es Sider after a half-year blockade by eastern forces, but said technical problems caused by the shutdown …
First Cobalt Announces Filing of Refinery Study Canada NewsWire TORONTO, July 10…
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With this BP would become a limited partner in the equity fund, have representation on its advisory committee, and also the rights to co-invest in projects alongside GGEF
New Delhi: BP, UK-based oil and gas firm, on Tuesday …
Oil & Gas Publishers Note: There are some hidden takeaways in this article. The Chinese shipbuilding yard has 17 Large LNG carriers on order under a leasing business model. A brilliant business model to keep control of large …
MOSCOW – Rosneft is set to buy a drilling business from IDS Group, a letter to IDS staff seen by Reuters showed, as the Russian oil giant continues its push into oilfield services to help reduce costs.
The letter …
LONDON – Iran has slashed crude oil production to its lowest level in four decades as storage tanks and vessels are almost completely full due to a fall in exports and refinery run cuts caused by the coronavirus pandemic, …
LONDON – A series of huge write-downs among energy majors triggered by lower assumptions for future oil prices has put a spotlight on the sector’s scattered price outlooks.
On Monday, Eni announced a 3.5 billion euro ($3.95 billion) impairment …
When I read Gareth's articles, they were very interesting and had some great insight on renewables that I had not previously thought about. The discussions we had in the interview cover energy from all aspects around the globe. We even
Golar Power Limited (“Golar Power”) announces today that it has signed an agr…
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Oil & Gas 360 Publisher’s Note – This is an excellent example of the courts taking one side of the energy market and hurting many people. This is a bad short term decision, and is bad for Canada and …
Six years ago, Canadian oilfield services firm Calfrac Well Services commanded a C$2.1 billion ($1.55 billion)market value and was poised for U.S. expansion.
But by last month, Calfrac’s market value had collapsed to just C$23 million and it …
Oil & Gas 360 Publishers Note: This is fantastic. Exporting and trading with Mexico and Canada is better for our neighbors and the United States.
Exports of natural gas by pipeline are the largest component of U.S. natural gas …
HONG KONG , July 6, 2020 /PRNewswire/ — Beijing Gas Blue Sky Holdings Limited …
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The Guardian
Oil & Gas 360 Publishers Note: I found this as another interesting example of how strong the loyalties movement for the renewable markets can be. As an opinion piece from The Guardian, we like to post both sides …
Canada will be reliant on oil and gas for “years to come”, according to the Department of Employment.
A report published by Blacklock’s Reporter says the oil industry remains “fundamental” even as cabinet subsidizes electric cars and taxes …
TOKYO — The Japanese government and business sector will join hands on a joint financing deal totaling 1.5 trillion yen ($14.4 billion) for the development of liquefied natural gas in the African country of Mozambique, Nikkei has learned.…
STOCKHOLM , July 3, 2020 /PRNewswire/ — Onshore and offshore installation work has…
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NEW YORK , July 2, 2020 /PRNewswire/ — COSAN LIMITED (NYSE: CZZ) , Cosan S/A (B3…
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Global discoveries of conventional resource volumes reached just 4.9 billion barrels of oil equivalent (boe) in the …
Saudi Aramco CEO Amin Nasser said that “the worst is behind …
ADNOC plans to shut down the onshore Bab oil field for regular maintenance until the end of July, a company spokesperson said.
“The company’s Bab onshore …
Bloom Energy (NYSE: BE) and Samsung Heavy Industries (SHI), a part of Samsung Group, have signed a joint development agreement (JDA) to design and develop fuel cell-powered ships.
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LONDON – Iraq’s oil exports have fallen by almost 9% or 310,000 barrels per day (bpd) in June, loading data and industry sources showed, suggesting OPEC’s second-largest producer has delivered about three-fifths of its pledge in an OPEC-led supply …
Algerian national energy company Sonatrach has extended its liquefied natural gas (LNG) partnership with the French major Total.
The Algerian company noted in its statement the deal has been extended by a further three years.
Under the agreement, 2 …
