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Latest:
  • U.S. judge voids 80 million acres of offshore oil and gas leases
  • ‘We Have Enough Petrol To Meet Needs Of Nigerians,’– NNPC Reacts To Fuel Queues
  • Brent hits $90 for first time since 2014 on supply jitters
  • Hilcorp employees in line for $75,000 bonuses after meeting multi-year goals
  • Iran bases its 2022 budget on $60 oil
Foresight Global Oil & Gas Investment Co. Ltd

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News
July 13, 2020 admin

Libya halts oil exports again, blaming UAE for tanker blockade

From WorldOil.com DUBAI (Bloomberg) — Libya’s National Oil Corp. declared force majeure on exports again, accusing the United Arab Emirates

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Oil Crisis
July 9, 2020 admin

Siemens spins off its gas turbine and wind power business

From WorldOil.com MUNICH (Bloomberg) – Siemens AG shareholders approved a spinoff of the company’s energy business, one of CEO Joe

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Exploration
July 9, 2020 admin

Total looks to South Africa for offshore frontier opportunities

Culled from WorldOil.com JOHANNESBURG (Bloomberg) – Total SA has deployed a rig to South Africa to look for more oil

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Environment and Safety
July 9, 2020 admin

Eni taps Weatherford for four-year downhole safety valve program

Culled from WorldOil.com HOUSTON – Weatherford International has been awarded an exclusive four-year contract with Eni S.p.A. to provide a

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Laws & Regulations
July 9, 2020 admin

OPEC+ cheating crackdown continues as Angola commits to cuts

Reposted from WorldOil.com LONDON (Bloomberg) – OPEC+ is another step closer to addressing the cheating that has dogged the cartel

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News
July 8, 2020 admin

UK oil and gas industry welcomes job support, underlines need to remain focused on delivering successful transition

From WorldOil.com ABERDEEN – The UK’s offshore oil and gas industry has today welcomed the Chancellor’s announcement of support for

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Laws & Regulations
June 9, 2020 admin

U.S. to cut off Iran-Venezuela trade by sanctioning oil tankers

By WorldOil.com WASHINGTON (Bloomberg) – The Trump administration is preparing sanctions on as many as 50 oil and fuel tankers

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Oil Crisis
June 8, 2020 admin

Second Libyan oil field restarts, potentially complicating OPEC+ deal

Culled from WorldOil.com CAIRO (Bloomberg) –Libya took another step toward reviving its moribund oil industry by restarting production at a

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News
June 8, 2020 admin

China broke oil import records in May, signaling a nearly complete recovery

Reposted from WorldOil.com BEIJING (Bloomberg) –China’s crude imports soared to an all-time high last month, capping an astounding rebound in

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Production
June 7, 2020 admin

Saudis boost crude export prices to support OPEC+ efforts

Reposted from WorldOil.com DUBAI (Bloomberg) –Saudi Arabia made some of the biggest price increases for crude exports in at least

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Latest News

  • U.S. judge voids 80 million acres of offshore oil and gas leases January 28, 2022
  • ‘We Have Enough Petrol To Meet Needs Of Nigerians,’– NNPC Reacts To Fuel Queues January 27, 2022
  • Brent hits $90 for first time since 2014 on supply jitters January 26, 2022
  • Hilcorp employees in line for $75,000 bonuses after meeting multi-year goals December 12, 2021
  • Iran bases its 2022 budget on $60 oil December 12, 2021
  • Pemex plans to cut oil exports to meet domestic fuel demand December 10, 2021
  • Shell investors endorse UK headquarters move December 10, 2021
  • Biden halts federal aid for overseas fossil fuel projects – with plenty of exceptions December 10, 2021
  • Seeq signs industrial digitalization agreement with Saudi Aramco December 9, 2021
  • Canada’s oil output may start declining in 2032, regulator says December 9, 2021

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