Yet albeit Venezuela was pumping at capacity, oil prices are at their lowest in years. Thanks to an enormous drop by global demand, a result of a worldwide depression. Unleashed …
Oil and Gas Sharpening Venezuela’s Cycle of Recession Read MoreVenezuela heavily contingent income from oil exports — produced just 570,000 barrels of oil each day. A drop of 54,000 BPD compared to at least one month earlier in April, …
Venezuelan oil production sinks to lowest output Read MoreOil prices were broadly stable on Thursday as Brent erased losses. In early European trading before a gathering of OPEC members and their allies against the backdrop of demand concerns …
British oil major BP Plc has raised $11.9 billion in debt through a problem of hybrid bonds in multiple currencies. The spokeswoman told Reuters in an emailed statement. Because the …
British oil major BP raises Read MoreThe coronavirus has exposed the fragility of a number of the world’s biggest oil and gas companies. But also given them the chance to form investors swallow some unpleasant remedies. …
The world’s biggest oil and gas companies Read MoreThe coronavirus pandemic and therefore the push to chop carbon emissions. Each has the potential to reshape the industry, but some problems predate those twin crises. In Shell’s case, investors …
British thermal units for U.S. Gas Read MoreUK Minister for Energy Kwasi Kwarteng said: “The offshore oil and gas sector’s commitment to halving operational emissions. Over a subsequent decade may be a welcome step for an industry …
UK Minister for Energy Kwasi Kwarteng Read MoreThe UK’s offshore oil and gas industry has committed to halving operational emissions within the next decade. Confirming its pathway to becoming a net-zero emissions basin by 2050. The sector …
UK offshore oil and gas industry Read MoreOil kept falling after its first weekly drop since late April as a fresh coronavirus outbreak. In China and increases in cases elsewhere added to the concern. The second wave …
Oil Down with Second-Wave Virus Risks in Focus Read MoreThis has resulted during a stalemate over the fate of the project which might are instrumental in providing cooking gas to thousands of households. “We could provide around 1,900 PNG …
Kochi gas plan moves at snail’s pace Read More