CNOOC’s Bozhong 19-2 Oilfield Project Starts Production
Wedoany.com Report-Oct 09, China National Offshore Oil Corporation (CNOOC) has commenced production at its Bozhong 19-2 Oilfield Development Project. According to the company, the project is expected ...
Qatarenergy Signs 20-Year Naphtha Supply Deal with Shell
Wedoany.com Report-Oct 09,QatarEnergy has entered into a long-term naphtha supply agreement with Shell (SHEL.L), opens new tab, supplying up to 18 million metric tons of naphtha to the London-listed c...
Shell's Third-Quarter Refining Margins Drop Sharply
Shells refining profit margins fell nearly 30% in the third quarter, dropping from $7.7 to $5.5 per barrel due to decreased global demand and new refinery capacity. This decline is expected to impact ...
Exclusive: BP Abandons Goal To Cut Oil Output, Resets Strategy
Wedoany.com Report-Oct 08, BP has abandoned its target to reduce oil and gas output by 2030 as CEO Murray Auchincloss shifts the company’s energy transition strategy to regain investor confidenc...
Chevron To Sell Assets For $6.5 Bln To Canadian Natural Resources
Wedoany.com Report-Oct 08, Chevron is selling its assets in the Athabasca oil sands and Duvernay shale formation to Canadian Natural Resources for 6.5 billion, which is part of its strategy to raise t...
Oil Prices Record Weekly Gain After US Interest Rate Cut
Oil prices were slightly lower on Friday but recorded a weekly gain of more than 4 per cent on a large US interest rate cut and a drop in crude stocks. Brent, the benchmark for two thirds of the world...
About 24% of Oil Production Shut in US Gulf of Mexico Due to Hurricane Helene
Wedoany.com Report-Sept 30, About 24% of crude oil production and 18% of natural gas output in the U.S. Gulf of Mexico was shut in response to Hurricane Helene, the U.S. Bureau of Safety and Environme...