ExxonMobil posts largest loss ever as COVID-19 pandemic hammers oil industry

ExxonMobil reported its biggest-ever quarterly loss on Friday as the coronavirus pandemic slammed demand and prices for oil.

The Growing Wave of Oil & Gas Bankruptcies in 2020

2020 hasn’t been kind to the energy sector, and a growing wave of energy bankruptcies has started to build.

Working from home can save energy and reduce emissions. But how much?

As the Covid-19 crisis spread around the world, large numbers of people started working from home, with immediate and varied impacts on...

Shale downturn claims more Halliburton jobs in Oklahoma and Texas

By CAMERON WALLACE HOUSTON – Halliburton is making reductions in its field staff in Oklahoma and Texas, including its Duncan field...

Petrobras says talks among Russia, Saudi Arabia, U.S. 'irrelevant' for oil prices

RIO DE JANEIRO — Recent negotiations involving leaders from major oil-producing nations and the United States will prove...

Alberta to join OPEC+ call, pledges to “keep an open mind” on cuts

CALGARY (Bloomberg) --Alberta Energy Minister Sonya Savage will participate in an OPEC+ call next week aimed at resolving the global oil...

Snapshot of LNG market dynamics: February 2020

Helps leading energy and capital-intensive companies with shaping their strategies and work in M&A, commercialization, negotiations,...

Schlumberger Becomes First Upstream Services Company To Commit to Science-Based Target in Emissions Reduction

Schlumberger announced a commitment to setting a science-based target to reduce its greenhouse gas (GHG) emissions.

Saudi Aramco Set To Make $110-Billion Investment in Tight Gas

Saudi Aramco is moving forward with a $110-billion plan to develop the Jafurah tight-gas field that lies to the east of the supergiant...

Eni Makes Another Discovery Offshore Mexico, Expects Several More

Italy’s Eni is reporting a new oil find in the mid-deepwater area of the Sureste Basin, about 40 miles offshore Mexico. Early...

Shell consortium eyes 10GW offshore wind-hydrogen giant

Shell, Gasunie and Groningen Seaports have launched a project that will entail construction of a purpose-built up to 10GW offshore wind...

Shale Plays of the Middle East

Rasoul Sorkhabi, Ph.D The Middle East is best known for its conventional oil and gas reserves, which have been a critical part of the...

Natural gas demand grows by 40% from 2017 to 2040, with Asia leading the growth.

• Energy consumption is expected to grow by 0.9%/year up to 2040. • The extent of the economic growth is mitigated by...

Methane tracker Reducing methane emissions from oil and gas operations

Oil and gas producers that can demonstrate that they are taking strong action to reduce methane emissions can credibly argue that their...

Only 40% Price Crash Next Month Can Shut U.S. LNG

- Shut-in would require October JKM below $3.94 by July 20 - TTF prices for September would need to be below EUR10.19/MWh

The Role of Gas in Today's Energy Transitions

"Natural gas is one of the mainstays of global energy. Where it replaces more polluting fuels, it improves air quality and limits...

Norway Is Walking Away From Billions of Barrels of Oil

Western Europe’s biggest petroleum producer is falling out of love with oil. To the dismay of the nation’s powerful oil...

Brazil has the potential for a 70% oil production increase by 2035—but is it likely?

Brazil can look forward to some positive news when it comes to oil production for the next few years. After closing 2018 at nearly 2.6...

The Oil Rigger-Turned-Entrepreneur Now Disrupting The Oil And Gas Industry

Brett Chell doesn’t fit the stereotypical oil executive mold but he has made his way from working on the oil rigs to building and...

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