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      Oil prices fall due to weaker fuel demand in US

      News
      Oil prices have slipped after US inventory data showed a weaker fuel demand in the country. Brent crude dropped 25 cents to $35.04 a...

      Total Confirms the Sale of UK Assets to NEO Energy

      News
      Total confirmed its commitment to completing the sale of its UK North Sea non-core assets, first announced in July 2019. Reflecting recent significant market...

      Eni launches eniSpace, a collaborative platform for its suppliers

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      Eni’s dedicated portal for suppliers has been completely reimagined: say hello to eniSpace (Supplier Portal and Collaboration Environment), a platform combining communication, collaboration channels...

      ConocoPhillips Completes Sale of Interests in Australia-West

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      ConocoPhillips announced the completion of the sale of its subsidiaries that hold its Australia-West assets and operations to Santos. The total consideration for the...

      Yinson and Sumitomo partner on Brazil FPSO project

      News
      Malaysia’s Yinson Holdings has agreed to share a vessel chartering contract with Japan’s Sumitomo. The two will collaborate on a floating production, storage and...

      Covid-19 creates supply and demand crisis for oil and gas

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      Oil prices have decreased by around 50% since January 2020, with the US market reporting record lows. With countries on lockdown there is significantly...

      Oil and gas companies set to lose $1 trillion in revenues this year

      News
      Oil and gas exploration and production companies, or E&Ps, are slated to lose a staggering $1 trillion in revenues in 2020, according to analysis...

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      US Polyethylene Export Market Report 2017-2020

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      Petrochemical Update released a detailed new whitepaper today, the US Polyethylene Export Market Report 2017-2020 a large 60+ page report detailing the fast-changing US...

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      Efficiency, Visibility and Reliability Keys to lower costs and greater profitability in oil and gas operations

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      Falling oil prices and collapsing profit margins are driving the industry to lower costs. Reducing labor costs and gaining supplier concessions can help, but...

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