Global oil and gas decommissioning costs to reach $42 bn by 2024
Around 2,500 oil and gas wells are expected to be decommissioned during...
Oil and Gas
OPEC and partners mulls cutting production for the next three months
They might decide to cut oil output by about 4.3 million bpd...
Nigeria urges offshore oil companies to temporarily reduce workforce
Those companies are expected to initiate 28-day staff rotations to curb the...
Brazil’s Petrobras to cut production by 3% in response to coronavirus
The company will also delay dividend payment and slashed 2020 investments by...
Mubadala increases its ownership in Thailand’s Manora oil field to 70%
Mubadala acquired a 10% interest in the offshore block from Northern Gulf...
Aramco receives clearance on proposed 70% acquisition of Sabic
The European Commission has granted unconditional clearance on the acquisition but is...
Pemex begins signing contracts to initiate new oil projects
Pemex plans to explore and discover at least 20 new oil and...
Petrobras sets new production record in Q4 2019
It produced over 3 million barrels of oil equivalent per day in...
Egypt’s SDX Energy announces new gas discovery in Morocco
The North Africa-directed exploration and production firm is also getting ready to...
Adnoc is UAE’s most valuable brand for second straight year
According to the latest survey conducted by Brand Finance, Abu Dhabi National...