BP to Eliminate About 5% of Workforce to Cut Costs, CEO Says
The company has stopped or paused 30 projects since last June. Wedoany.com Report-Jan 17, BP Plc is eliminating 4,700 positions internally, about 5% of its workforce, and more than 3,000 contractor jo...
Biden Administration Moves to Protect More of Alaska Refuge From Drilling
Oil pump jack is seen in front of displayed U.S. flag in this illustration taken, October 8, 2023. Wedoany.com Report-Jan 17, President Joe Bidens administration on Thursday moved to put more of Alask...
Azerbaijani Oil Moves Upwards in Price
Wedoany.com Report-Jan 16, The price of Azerbaijan’s Azeri Light crude oil on a CIF basis in the Italian port of Augusta grew by $1.22 on January 15 compared to the previous rate, reaching $84....
Chevron Says No Commercial Oil, Gas Found at Namibia Exploration Well
Wedoany.com Report-Jan 16, Chevron (CVX.N), opens new tab said on Wednesday it did not find commercial hydrocarbon reserves in an exploration well in Namibias Orange Basin. The U.S. oil producer said ...
New Oil Reserves Identified in Xinjiang’s Tarim Basin, Signaling Vast Potential
Wedoany.com Report-Jan 16, China has identified newly proven oil equivalent reserves of 55.56 million tons in the Tarim Basin, located in the Xinjiang Uygur autonomous region, the China Geological Sur...
US Crude Oil Stocks Excluding SPR Fall to 2-Year Low, EIA Says
U.S. crude oil stocks excluding the Strategic Petroleum Reserve (SPR) fell last week to their lowest since April 2022 as exports rose and imports fell, the Energy Information Administration (EIA) said...
Parliament Discusses Additional Loan Agreement for Mongolian Oil Refinery
Wedoany.com Report-Jan 15, The Standing Committee on Economics of the Mongolian Parliament discussed the draft loan agreement between the government of Mongolia and the Export-Import (Exim) Bank of In...
Azerbaijani Oil Prices Decrease
Wedoany.com Report-Jan 15, The price of Azerbaijan’s Azeri Light crude oil on a CIF basis in the Italian port of Augusta decreased by $0.97 on January 14 compared to the previous rate, landing a...
Shell Pakistan Rebrands as Wafi Energy Pakistan Following Acquisition
Wedoany.com Report-Jan 15, Shell Pakistan Limited has officially changed its name to Wafi Energy Pakistan Limited, effective January 13, 2025. The Securities and Exchange Commission of Pakistan (SECP)...
Oil Little Changed as Falling US Stockpiles Outweigh Soft Demand Outlook
Wedoany.com Report-Jan 15, Oil prices were little changed on Wednesday, after falling the previous day, as a dip in U.S. crude stockpiles and expectations of supply disruptions from sanctions on Russi...