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 and cruise missile attack that Riyadh and Washington ha... 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 German daily Handelsblatt reported on Tuesday that Winter... Read more
No matter how hard you try, there’s always more you can do to curb your plastic footprint or save energy. While it’s important to greenify your household, from recycling on a daily basis, to cutting down on plastic bags, right down to the mattre... 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 full production is expected by the end of the month.... Read more
Norwegian oil and gas company Equinor is progressing oil spill recovery at the South Riding Point terminal in the Bahamas after the impact of Hurricane Dorian. Source: Equinor In the aftermath of Hurricane Dorian, Equinor said earlier this week... Read more
Embattled Hong Kong leader Carrie Lam Cheng Yuet-ngor dropped a bombshell on Wednesday, announcing she would formally withdraw the hated extradition bill that sparked the city’s protest crisis, but her dramatic U-turn drew more scepticism than h... Read more
Following a recent oil discovery at the Jethro well offshore Guyana, oil firm Tullow is set to spud the second well, Joe-1, within days. The Stena Forth drillship / Image source: Stena Drilling Eco Atlantic, Tullow’s partner in the Orinduik bloc... Read more
Oil prices fell on Tuesday on persistent concerns over future demand, but losses were capped by optimism U.S.-China trade tensions will ease and hopes major economies will take stimulus measures to ward off a possible economic slowdown. Brent cr... Read more
Italian oil and gas company Eni saw its profit drop by 66% in the second quarter 2019 when compared to the same period last year. Claudio Descalzi, Eni CEO; Source: Flickr/Eni Eni reported on Friday that its adjusted operating profit for 2Q 2019... Read more
For people living in the developed world, electricity is something that can perhaps be taken for granted — with the flick of a switch or the press of a button they have lighting, TV and a huge number of other modern conveniences. Yet many people... Read more
