Canadian oil sector affected by pandemic; fossil fuel to decline by 2050
Canada’s oil production is set to record 7 percent slump this year...
Oil and Gas
Total, ExxonMobil mulls re-negotiation on 2015 Mozambique LNG project deal
Both companies signed the deal to use resources from the basins that...
Petrobras to sell 50% stake in the famed Marlim oil cluster
The Marlim cluster is located in the Campos Basin, offshore Brazil...
Libya exceeds oil output by 1.2 million barrels per day
The oil production surged from below 100,000 bpd during the blockade to...
ENOC’s new containerised fuel storage tanks will foster developments
The new tankers can store all types of fuel such as Gasoline...
G42, AIQ, Schlumberger partner to assist oil and gas sector
AIQ will be responsible for the development and deployment of AI modelling...
Adnoc, India to deepen energy ties with more crude oil storage in Indian reserves
Adnoc is currently storing crude at two of India’s strategic reserves at...
Pemex issues $1.5-billion bond to raise funds for debt refinancing
The oil major produced an average of 1.692 million bpd of crude...
Trinity Energy plans to establish $500 mn refinery
The refinery is expected to be operational within two to three years...
China invests billions of dollars in new mega-refineries amid a volatile oil market
The mainland has already added 1 million barrels since the start of...