Total targets global net zero emissions by 2050
Total reported a 35% drop in first-quarter profit for the year...
Tag : oil and gas
Shell plans to temporarily shutdown Tabangao refinery in the Philippines
Shell will follow the government's minimum requirement during the shutdown of its refinery...
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...
E&P firms to lose $1 trillion in revenues in 2020: Research
The E&P industry comprises major oil companies that recorded $2.47 tn in revenues globally last year...
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...
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...
Exxon begins development of $10 bn petrochemical complex in China
The complex will produce 1.6 mn tonnes of ethylene annually once operations commence...
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...