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...
Tag : oil and gas
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...
Petrobras discovers oil in the Campos basin offshore Brazil
The oil giant will conduct a thorough study of the well to better target exploratory activities in the area...
Singapore’s KrisEnergy sells 30% Andaman II stake to BP for $15 mn
The Andaman II PSC is an exploration block over the North Sumatra Basin spanning 7,400 square kilometre...
Adnoc to continue investments to achieve 2030 targets
Adnoc wants to produce 5 million barrels of oil per day by 2030...
Trump, US oil companies to discuss tariffs on Saudi oil
CEOs of Exxon Mobil, Chevron, and Occidental Petroleum are set to meet Trump at the White House...
Aramco mulls selling pipeline stake to raise cash
Aramco needs cash to deal with the slump in oil prices and the coronavirus pandemic...
Coronavirus, oil price war take its toll on African oil producers
Recently, Congo reached out to OPEC for an emergency meeting to find a way to keep member nations from sinking into recession...
Coronavirus: Shell to cut spending by up to $9 billion
Other oil majors including Exxon Mobil, BP, Chevron, and Total are also reducing spending...