Oil

Rich countries must end oil and gas production by 2034 for a fair 1.5°C transition

March 22, 2022

British Reporter — Rich countries must end oil and gas production by 2034 to keep the world on track for 1.5°C and give poorer nations longer to replace their income from fossil fuel production, finds a new report from a leading climate scientist at The University of Manchester released.

Levitating oil droplets research may help reduce air pollution

British Reporter — Research using sound waves to suspend oil droplets has

by British Reporter

October 13, 2021

1 min read

One-third of People Globally will Still Rely on Polluting Cooking Fuels in 2030

British Reporter — Almost one-in-three people around the world will still be

by British Reporter

October 4, 2021

3 mins read

Oil and Chemical Giants Lobbying Against Rules on Microplastic Chemicals

British Reporter — Trade groups representing the world’s biggest oil and chemical

by British Reporter

August 7, 2021

3 mins read

Oil & Auto

Aramco awards major long-term agreements to 8 companies for its oil and gas brownfield projects

The FINANCIAL — Aramco has announced a new contracting strategy for the Company’s oil and gas brownfield and plant upgrade projects. The strategy focuses on establishing new businesses and developing partnerships based on sustainability and new technologies via Aramco’s giant projects by

by The FINANCIAL

November 20, 2020

1 min read

Business

BP Canada and Equinor made oil discoveries offshore Newfoundland, Canada

The FINANCIAL — Equinor (60%), and its partner BP Canada (40%), have made two oil discoveries offshore Newfoundland, Canada. The two wells at the Cappahayden and Cambriol prospects, drilled this summer in the Flemish Pass Basin, have proven the presence of hydrocarbons; however, it is too early to provide

by The FINANCIAL

October 29, 2020

1 min read

Energy

bp starts gas production from Qattameya field

The FINANCIAL — bp today announced the start of gas production from its latest development ‎offshore Egypt – the Qattameya gas field in the North Damietta offshore concession. Through bp’s joint venture, Pharaonic Petroleum Company (PhPC), the field, which is ‎expected to

by The FINANCIAL

October 26, 2020

1 min read

Business

ConocoPhillips to acquire Concho Resources for $9.7 bln

ConocoPhillips (NYSE: COP) and Concho Resources (NYSE: CXO) today announced that they have entered into a definitive agreement to combine companies in an all-stock transaction. Under the terms of the transaction, which has been unanimously approved by the board of directors of

by The FINANCIAL

October 19, 2020

4 mins read

Oil & Auto

In Q3 SOCAR exported about 3,7 mln tons of crude oil and more than 148 mln cubic meters of natural gas

The FINANCIAL — SOCAR produced above 1,8 million tons1 of oil and more than 1,8 billion cubic meters2 of natural gas during the third quarter of 2020. Due to production cuts under OPEC+ agreement, oil production decreased, as compared to the same period of the

by The FINANCIAL

October 16, 2020

1 min read

Markets

Intercontinental Exchange to launch world’s first Murban crude futures contracts

The FINANCIAL — Intercontinental Exchange, Inc. (NYSE:ICE), a leading operator of global exchanges and clearing houses and provider of mortgage technology, data and listings services, today provides an update on its plans to launch ICE Futures Abu Dhabi (IFAD) and the world’s

by The FINANCIAL

October 12, 2020

1 min read

Business

Oil price down as Trump tests positive for COVID-19

The FINANCIAL — Oil fell by 5% on Friday after Trump tested positive for coronavirus. It was already in negative territory after a bipartisan deal on U.S. stimulus continued to elude House Speaker Nancy Pelosi and the White House, adding to fears about worsening

by The FINANCIAL

October 2, 2020

2 mins read

Markets

Stock markets mixed after Wall Street slides

The FINANCIAL — Global stock markets were mixed Monday after the fact that Wall Street turned in its biggest weekly decline in more than two months. London and Frankfurt opened higher. U.S. futures were lower. Benchmarks in Shanghai, Tokyo and Hong Kong retreated

by The FINANCIAL

September 7, 2020

2 mins read

Oil & Auto

BP cuts dividend and plans to slash oil production by 40%

The FINANCIAL — BP to cut down on oil spending and focus on clean energy as a part of a major strategic overhaul revealed on Tuesday, together with a major second quarter loss and dividend cut. BP introduced a new strategy that will reshape

by The FINANCIAL

August 4, 2020

2 mins read

Oil & Auto

Oil prices fell by 30%

The FINANCIAL — Oil prices plunged on Monday by around 30% as Russia on Friday refused to join the Organization of the Petroleum Exporting Countries [OPEC] in a large production cut. Because of that Saudi Arabia launched an aggressive price war. Brent

by The FINANCIAL

March 9, 2020

2 mins read