FeaturedOil & GasOil prices soar to a three year high as OPEC+ abandons meeting without a dealWebAdminJuly 6, 2021July 6, 2021 by WebAdminJuly 6, 2021July 6, 2021 Several days of negotiations could not resolve a dispute between Saudi Arabia and the UAE... Read more
FeaturedOil & GasUAE to become the first major oil exporter to target net-zero by 2050WebAdminJune 28, 2021 by WebAdminJune 28, 2021 The UAE announced its plan before its meeting at the Glasgow climate summit and it could achieve its target while continuing to sell oil and gas... Read more
FeaturedOil & GasChina discovers new oil and gas in Xinjiang Uygur autonomous regionWebAdminJune 21, 2021 by WebAdminJune 21, 2021 Located in the Fuman Oilfield area, the well contains 1 bn ton of oil and gas... Read more
FeaturedOil & GasADNOC awards $510 mn contract to Saipem to expand Shah sour gas capacityWebAdminJune 16, 2021 by WebAdminJune 16, 2021 The contract will increase the plant’s capacity by 13% to 1.45 bn cubic feet per day by 2023... Read more
EconomyFeaturedSaudi Arabia’s GDP declines 3% in the first quarterWebAdminJune 15, 2021 by WebAdminJune 15, 2021 This is attributed to a steep decline of 11.7 percent in crude oil production during the same period... Read more
EnergyFeaturedPetrobras to sell its 27.88% stake in the Deten Quimica petrochemical complexWebAdminJune 3, 2021 by WebAdminJune 3, 2021 The petrochemical complex is located in the northeastern state of Bahia... Read more
FeaturedOil & GasSpending on new oil and gas projects needs to end: IEAWebAdminMay 20, 2021 by WebAdminMay 20, 2021 IEA says there is a narrow path that exists for the world to avoid catastrophic climate change in the future... Read more
FeaturedOil & GasPetrobras to hire new FPSO for the Buzios field, starts bidding processPritam BordoloiMay 5, 2021 by Pritam BordoloiMay 5, 2021 The P-80 will be the largest oil production unit operating in Brazil... Read more
FeaturedOil & GasBrazil’s oil production falls 6% in Q1: ReportWebAdminApril 27, 2021 by WebAdminApril 27, 2021 Brazil produced an average of about 2.8 mn bpd during the period... Read more
FeaturedOil & GasIraq to finalise sale of Exxon’s stake in the West Qurna-1 oil field by JunePritam BordoloiApril 23, 2021 by Pritam BordoloiApril 23, 2021 Exxon to sell its 32.7% stake in the oilfield... Read more