Nigeria is disorganised due to its reliance on the price of crude, President Muhammadu Buhari said while addressing members of… Read More
Chinese state-run Sinopec signalled on Tuesday its intention to shut down four fields at Shengli, China’s second-largest producing oilfield. Read More
Devon Energy is cutting spending by 75% and laying off 20% of its employees, the US onshore independent announced in… Read More
Oil major Ecopetrol announced Tuesday a series of cost cutting actions expected to save some 1.6 trillion Colombian pesos, around… Read More
Iran has taken a tough stance against a production freeze proposed by other members of OPEC, Iranian OPEC envoy Mehdi… Read More
The Cidade de Maricá FPSO vessel has started operations, Brazil’s Petrobras announced on Tuesday, marking the seventh production system for… Read More
Shell has passed fellow super-major Chevron to become the second-biggest non-state oil company after merging with BG Group on Monday. Read More
The Southern Fields project on the giant In Salah venture in Algeria has been green lit, UK super-major BP announced… Read More
Saudi Arabia and Russia agreed to freeze production in a meeting in Qatar today Read More
Sultan Ahmed Al Jaber will replace Abdulla Nasser Al Suwaidi as general manager of state-run Abu Dhabi National Oil Company… Read More
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