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Oil and Gas News
Dana Petroleum Confirms New UK North Sea Hydrocarbon Discovery

Situated within the UK Southern Gas Basin, specifically the 'Earn' prospect located just west of the Tolmount field, this discovery is a significant development for the company.

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Oil and Gas News
Shell Takes $22bn Hit Over Oil Prices

Shell, one of the world's largest oil companies, has warned that the low price of oil could reduce the value of its assets by up to $22bn

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Oil and Gas News
Coronavirus: Experts Optimistic on Oil Price Rise

Despite the current crisis in the oil and gas sector occasioned by a slide in crude oil prices, industry experts and policy analysts foresee that there will be stabalisation of crude oil prices

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Oil and Gas News
Saudi Arabia and Kuwait Start Cutting Oil Output Ahead of Schedule

The two nations acted prior to the May 1 deadline set by OPEC+

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Oil and Gas News
The Next Chapter of the Oil Crisis: The Industry Shuts Down

The next chapter in the oil crisis is now inevitable: great swathes of the petroleum industry are about to start shutting down.

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Oil and Gas News
Breaking: Oil Price Crashes Into Negative Territory for First Time in History

The price of US oil has turned negative for the first time in history

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Oil and Gas News
Equinor Completes Full Divestment of Oil Assets in Azerbaijan

2:55 PM | Dec 22

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Oil and Gas News
Shell Initiates Additional Job Cuts to Enhance Competitiveness and Trim Costs

2:52 PM | Dec 22

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LNG News
Red Sea Tanker Traffic Plummets Amid Middle East Tensions, Raising Global Trade Concerns

2:44 PM | Dec 22

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Oil and Gas News
Eight EU Countries Pledge to Eliminate Fossil Fuels from Power Systems by 2035

1:42 PM | Dec 20

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Oil and Gas News
Santos Secures Approval for Drilling Plan in Barossa Gas Project

1:29 PM | Dec 20

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Oil and Gas News
Capricorn Energy Finalizes Sale of Catcher and Kraken Fields, Maintains Presence in UK North Sea with Columbus Field Acquisition

1:25 PM | Dec 20

Popular News

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Boosting Balticconnector Pipeline Capacity for Regional Gas System Resilience

Nov 23, 2023

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Grangemouth Refinery Faces Closure, Hundreds of Jobs at Risk

Nov 22, 2023

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Ukraine Unearths New Gas Reserves in Revitalized Carpathian Field

Nov 21, 2023