OGU Oil & Gas Uzbekistan 2026

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      BP and Dongying Weilian Chemical Sign license agreement in China

      BP has entered into an agreement to license its latest generation technology for the production of purified terephthalic acid (PTA) to China’s Dongying Weilian...

      OMV receives permit to drill Norwegian Sea appraisal well

      Austrian oil and gas company OMV is set to drill an appraisal well in the Norwegian Sea after receiveing an offshore safety approval and...

      Bahamas Petroleum signs rig contract for exploration well

      Explorations and production firm Bahamas Petroleum Company (BPC) has signed an offshore drilling rig contract with Stena Drilling to use its drilling rig for...

      BP Australia announces feasibility study into hydrogen energy production facility

      BP Australia is announcing a feasibility study into an export-scale renewable hydrogen production facility in Western Australia. The extensive study will help bp and...

      CNOOC Limited Announces Penglai 19-3 Oilfield Area 4 Oilfield Phase II Project Commences Production

      CNOOC Limited announced that Penglai 19-3 oilfield area 4 adjustment/Penglai 19-9 oilfield phase II project has commenced production. The Penglai 19-3/19-9 oilfields are located in...

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

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

      Brent crude oil price falls 24%, second largest one-day decline on record

      International benchmark Brent crude oil front-month futures prices declined 24% to less than $35 per barrel and was the second largest daily price decline...

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      US Polyethylene Export Market Report 2017-2020

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

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