Workers at Portugal’s Galp Energia started a one-week strike on Monday, reducing production at the Sines and Matosinhos refineries, union leaders said.
Mexican President Andres Manuel Lopez Obrador is boosting Petroleos Mexicanos’ budget to $23 billion (464.6 billion pesos) next year to reverse flagging oil production and increase domestic fuel output.
BP Trinidad and Tobago (BPTT) has announced the sanction for two new gas developments offshore Trinidad, Cassia Compression and Matapal.
Prices rose, Trump hollered, supply signals were mixed, Iran was hit by sanctions and then prices fell back
HOUSTON -- McDermott International, Inc. has announced they, with Baker Hughes, a GE company, have signed a memorandum of understanding (MOU) with Western Gas Corporation Pty Ltd to be the exclusive development partners for the Equus Gas Project in Western Australia. The companies were also awarded a contract to support the planning phases of the project.
Hess Corporation will provide a detailed update on progress in executing its strategy for long term value creation at its Investor Day in Houston
Production cuts agreed by OPEC and its allies are on track to balance global oil markets in the first half of 2019, but more work may be needed after that.
The new administration is turning to shale deposits to hold back the threat of imports
Contrary to some observers who focus intently on trade data as a proxy for demand, China’s total oil product demand rose by only 150,000 bpd in 2018.
Eni struck a new oil discovery in the Afoxé exploration prospect located in Block 15/06, offshore Angola. The discovery is estimated to contain between 170 MMbbl and 200 MMbbl of light oil in place.
Russia played a big part in making possible a new OPEC+ deal to curb production, but initially it’s letting Saudi Arabia shoulder the bulk of actual cuts.
Broad collaboration is essential if a new wave of Australian LNG projects is to be competitive
Through utilization of the PWC (Perforate, Wash & Cement) plug and abandonment method (P&A) on the Valhall field, HydraWell has contributed towards Aker BP executing its plugging program significantly quicker than planned.
Eni announces that the sale of a 20% participating interest to Mubadala Petroleum, a wholly-owned subsidiary of Mubadala Investment Company, and a 25% participating interest to BP in the Nour North Sinai Offshore concession, Egypt, has been approved by the Egyptian Government.
U.S. shale’s response to OPEC’s decision to cut supply and boost prices: We’ll take it, but we don’t need it.
Attention operators! World Oil has launched its 2018 year-end drilling survey, and we need your input to make the upcoming World Oil first-of-year Forecast a success.