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...
Tag : Shell
Coronavirus: Shell to cut spending by up to $9 billion
Other oil majors including Exxon Mobil, BP, Chevron, and Total are also reducing spending...
Saudi Aramco buys shares in blockchain oil trading company Vakt
Aramco buys $5 mn in new shares which will be used to upgrade Vakt’s platform and also plan for expansion in SE Asia...
Petrobras to become world’s largest oil producer by 2030
Currently, Petrobras is the third largest oil producer in the world with an output of 2.2 mn bpd...
Shell backs Europe’s first sustainable aviation fuel project
Shell will provide technical and commercial expertise to the plant located in Delfzijl, the Netherlands...
Aramc to sell 0.5% shares to individual investors
The Saudi government will have a lock-in period of a year on further share sales after the IPO...
Brazil oil auction fails to achieve the $26 billion target
Petrobras acquired 90% of the Buzios oil field, China’s CNOOC and CNODC acquired the other 10%...
Aramco and other oil giants to bid for stake in India’s BPCL
The government of India is looking to offload its 53.29% stake in Bharat Petroleum after privatisation was approved on September 30...
South Africa enacts new oil and gas law, fixes 10% government ownership
The new law will also give South Africa’s government the right to 10% production at no cost...
Oman’s PDO to increase oil output by 10% in 5 years
Petroleum Development Oman is expected to boost output capacity to 670,000 barrels per day...