Oil and natural gas producer China National Offshore Oil Corporation (CNOOC) has promoted its executive director and president to the position of the chief executive officer (CEO). CNOOC sai... Read more
Australian oil and gas company Woodside has completed subsurface studies on the Scarborough gas field, resulting in a resource volume increase of 52 percent. Scarborough upstream concept sch... Read more
OPEC has downwardly revised its forecast for global oil demand growth over both the medium-term and long-term, citing tough market conditions and “signs of stress” in the world economy. In i... Read more
An increase in production from the U.S. and OPEC has offset any remaining upside potential for oil prices, according to one analyst, with crude futures on track to register a weekly loss. U.... Read more
Oil markets are expected to face excess supplies in 2020 due to a production boost amid weak demand growth, the director for energy markets and security at the International Energy Agency sa... Read more
Mexican industrial group Carso, owned by the billionaire Carlos Slim, has said it has been awarded a contract to build two offshore platforms for the Mexican oil company Pemex. The company s... Read more
UK-based Whalsay Energy is seeking operating partners to help it develop the Bentley offshore oil field, dubbed one of the largest undeveloped fields in the North Sea. Bentley field developm... Read more
Oil will hit levels ‘we haven’t see in our lifetimes’ if Iran isn’t stopped, Saudi Crown Prince says
Saudi Arabia’s Crown Prince Mohammed bin Salman has warned of astronomical oil prices in the event that tensions escalate in the Persian Gulf, two weeks after his country was hit by a drone... Read more
German oil and gas giant Wintershall Dea is reportedly thinking about withdrawing from Libya, where it has been operating since 1958, amid challenging conditions. Source: Wintershall Dea Ge... Read more
DUBAI, United Arab Emirates — Saudi Arabia’s energy minister said Tuesday that 50% of its daily crude oil production that was knocked out by a weekend attack had been restored and that... Read more
