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Five Major Challenges Facing The Energy Industry
Record-high prices at the pump, a looming diesel shortage right when the summer season is starting, and an uncooperative OPEC are probably reasons for many head
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122019-11

Vopak to serve multi-billion dollar manufacturing facility in Texas
Royal Vopak announced it has been selected by Gulf Coast Growth Ventures (GCGV), the petrochemical joint-venture between ExxonMobil and SABIC, to design, build,

102019-11

Alberta Premier: Oil Cuts Could End Earlier
Alberta’s crude oil production cuts, scheduled to last until the end of 2020 could end a month earlier, Premier Jason Kenney said in an interview with Reu

082019-11

Russia to continue cooperation with OPEC to keep oil market balanced: Putin
President Vladimir Putin said on Wednesday that Russia and OPEC have ‘a common goal’ of keeping the oil market balanced and predictable, and Moscow will conti

062019-11

Saudi Arabia signs more than $2bn worth of petrochemical deals
Saudi Arabia has announced more than $2bn worth of new petrochemical investment deals, which include a new polyacrylamide plant and an ammonia project in Jubail

042019-11

Global M&A and raising activity in the upstream sector totaled US$63.4bn in Q3 2019
Global merger and acquisitions (M&A) and raising activity in the oil and gas upstream sector totaled US$63.4bn in Q3 2019, representing a 50% decrease from the

022019-11

Increasing emphasis placed on asset management in oil and gas operations
In view of the increasing competition and narrowing margins among oil and gas companies, asset management is obtaining greater relevance in enhancing operationa

312019-10

ABB to Connect World’s Largest OWF
Swiss technology company ABB has won a big contract to connect the world’s largest offshore wind farm (OWF) to Britain’s electricity grid.ABB has b

302019-10

Suncor Energy misses estimates, narrows full-year production outlook
Suncor Energy Inc on Wednesday reported third-quarter profit just shy of estimates as weak business environment and higher operating and transportation expense

282019-10

Petrobras extends West Tellus drillship contract
Brazilian oil company Petrobras has extended a contract with Seadrill for the use of a drillship.Seadrill said on Monday that the contract was for the West Tell

252019-10

Reuters: Oil slips on profit-taking, weak demand outlook
Oil prices dipped on Thursday after sharp gains in the previous session following a surprise draw in U.S. crude inventories, with concerns over a weak demand o
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