Petrobras sets record by exporting 1 mn bpd of oil in April
Since Brazil isn’t part of the OPEC+, it has not pledged to cut supply to stabilize the market...
Category : Oil & Gas
UK oil and gas industry to see nearly 30,000 jobs at risk in 2020
The industry is quite certain that drilling might reduce by over a third this year...
Saudi’s Public Investment Fund foresees opportunities post-pandemic
Earlier this month, the Public Investment Fund acquired stakes worth $1 bn in four European oil companies...
Sinopec to acquire stake in Hin Leong’s partially owned oil storage terminal
In 2016, a stake sale in the terminal valued it entirely at more than US$1.5 bn...
Adnoc terminates Petrofac’s contract for Dalma gas project
Petrofac's scope of work in the project was valued at $1.5billion...
Shell, ExxonMobil stall oil production owing to a pipeline leak
Shell has temporarily suspended oil production after a subsurface leak was discovered on Exxon’s Hoover Offshore Oil Pipeline System...
Aramco slashes oil prices in Asia despite historic deal
Aramco slashed its selling price for Asian buyers by $4.20 per barrel...
Saudi’s oil revenue anticipated to drop $38.5 billion
The rate of oil production might improve during the period between July and December 2020...
Saudi Arabia-Russia agree to slash oil output and end the oil price war
The parties agreed to cut production by about 10 million barrels a day in May and June...
Dubai Petroleum, Shelf Drilling mutually agree to terminate contract early
The original termination of the contract was supposed to take place in January 2022...