Netherlands Overview

The Dutch government is working on plans to reduce gas production by an additional 10 percent, government sources said on Tuesday.

Citing a letter from outgoing…

China has overtaken Canada to become the biggest purchaser of US crude, figures released on Tuesday indicate.

The US sent 8.08 million bopd of light crude to China…

A local court in the Netherlands on Wednesday ruled that the Shell-ExxonMobil joint venture NAM is liable for immaterial damage in the gas-rich northern province of…

Sweden’s Lundin Petroleum made several big announcements on Monday, including of an exciting discovery in the southern Barents Sea and a proposed spin-off of its…

Shell posted its fourth quarter and full-year 2016 results on Thursday, revealing a drop in earnings as the company emerges from what it called a “transition…

Lukoil President Vagit Alekperov in an interview on Thursday said the company might sell off its European refineries. He also said Lukoil is all but ready to re-enter…

Shell plans on liquidating USD 30 billion in assets in up to 10 countries by 2018, Simon Henry, Shell’s chief financial officer, said at a presentation in London on…

ExxonMobil on Tuesday started production in the Gulf of Mexico’s Julia field. One production well is now on line, with a second well soon to follow. Drilling work on…

The first US cargo of offshore oil has been exported, ExxonMobil said on Thursday. Sourced from well tests on the Gulf of Mexico’s Julia project, carried out with…