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UN says virus-driven greenhouse gas reductions don’t count

Human emissions of the greenhouse gases responsible for climate change will fall between 4.2% and 7.5% this year due to the global industrial slowdown caused…

Will Exxon Sell Iraq Field Stake to Chinese Firms?

China’s oil giants China National Petroleum Corp. and CNOOC Ltd. are considering acquiring Exxon Mobil Corp.’s remaining stake in an oil field in Iraq, which…

UAE Clarifies Stance On OPEC Membership

Anonymous UAE officials claimed earlier in the week that the country was considering breaking away from OPEC, citing the difficulties it is facing due to…

Total Bets Big On Libya’s Oil Industry

French Total plans to increase its investments in Libya’s oil industry, the National Oil Corporation said, adding it had discussed with the company raising Libya’s production…

IES Gas Brief: Diversification with Azeri gas – expectations and realities

Prime Minister Borissov broke the news – starting January 1, 2021 onwards, natural gas from the Shah Deniz-2 field will flow into the country via…

OPEC+ Needs To Compensate 2.35 Million Bpd Oversupply

The OPEC+ group has overproduced as much as 2.346 million barrels per day (bpd) over their collective quota since the start of the record production…

COVID-19 Takes Major Toll On Australian Oil & Gas Jobs

The Covid-19 pandemic hit Australia’s already declining oil and gas workforce hard, causing a loss of over 28,000 jobs this year, equivalent to a quarter…

Exxon’s Deepest Guyana Oil Well Disappoints

After a series of major oil discoveries offshore Guyana, ExxonMobil and partners found that the deepest well drilled so far offshore the Latin American country…

Equinor Makes Changes at the Top

Equinor announced changes in its corporate structure and Corporate Executive Committee (CEC) on Monday. The company’s new corporate structure will consist of six business areas…

SOS: British PM Eyes Banning Gasoline and Diesel Car Sales

U.K. Prime Minister Boris Johnson is expected to unveil a green 10-point plan on Wednesday, as he weighs controversial proposals to ban the sale of…

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