Company news
  • Neptune Energy Found Oil Off the Coast of Norway Neptune Energy and its partners announced an oil discovery in the Dugong well in the North Sea, Norways largest oil discovery so far this year, according to the Oil and Gas Pipeline Network on August 4. Dugong is located 158km west ...
  • Shell Crux Gas Field Development Proposal Has Been Approved NOPSEMA, Australias offshore oil and gas safety regulator, has approved Shells proposed offshore project to develop the Crux gas field in the Browse basin off the north coast of Western Australia, OE reported on August 4....
  • Portugals Biggest Oil and Gas Company Has Cut Its Output Growth Forecast Galp, Portugals largest oil and gas company, recently cut its forecast for oil and gas production growth this year, ACCORDING to SP Global Platts. Galp had previously forecast production growth of 13 percent ...
  • A Steady Recovery in Manufacturing Of Asia and Europe Supported Oil Prices Oil prices stabilized on Monday as positive manufacturing data in Europe and Asia offset oversupply concerns raised by rising global coVID-19 cases and expectations of cuts by Opec and its Allies, according...
  • Opec Oil Production Surged in July According to a Report by Gulf Times on July 31, Opec oil production rose by more than 1 million b/d in July as the major Gulf producers ended voluntary additional supply restrictions on the basis of an OPEC-led agreement and other members made li...
  • Bp Posted A Net Loss of $16.8bn in the Second Quarter, Cutting Its Dividend For the First Time in A Decade BP reported a net loss of $16.8 billion in the second quarter and cut its dividend in half for the first time in 10 years. The company said its second-quarter results include...
  • World News Week (2020.08.04) Total took an $8.1 billion write-down on special assets Total reported $8.1 billion in special asset impairments in the second quarter, including $1.5 billion in Canadian oil sands assets and $800 million in Australian liquefied natural gas assets. Amo...
  • Indias Reliance Industries Has Become the Worlds Second-Largest Energy Company Indias RelianceIndustries on Friday passed Exxon to become the worlds second-largest energy company after Saudi Arabias Aramco, according to reports. Reliance Industries is Indias most valuable company,...
  • Eni Discovered More Reserves In Egypts Western Desert And Quickly Began Production Italian oil giant Eni announced July 28 in Rome that it has increased its production from a new exploratory well in Egypts southwestern Meleiha block to more than 12, 000 barrels a day after it star...
  • Petrobras Cut Petrol Prices For the First Time Since April The producer price of gasoline at Petrobras refineries will be cut by 4% from July 31, and the price of diesel will remain stable, the press office of petrobras said Tuesday. The adjustment is the first time that Petrobras...
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