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UK oil and gas group names Equinor SVP as board co-chair

The leading representative body for the UK oil and gas industry has today announced the appointment of a new co-chair to its board, as the…

Oil Major Total Buys Texas Solar Projects

France’s oil and gas supermajor Total is buying four large-scale solar power projects plus battery storage assets in Texas, with which it plans to meet the electricity…

U.S. Oil Exports Soar To Record High At Louisiana Port

Crude oil exports from the only deep-water port in the United States, Louisiana Offshore Oil Port, doubled in January from December to a record high,…

Brazil’s Petrobras Exports Record Amount Of Crude In January

Petrobras exported a record amount of crude oil in January this year, Argus reports, at 19.3 million bpd through the Angra dos Reis terminal The Brazilian…

British Oil Giant Ends Year with Billions in Losses

The British oil giant BP for the first time in ten years ended the year with a loss At the end of 2020, a net…

Bulgaria Names Volumes of Gas Purchases from Azerbaijan

Bulgaria is going to buy about 225 million cubic meters of natural gas from Azerbaijan by the end of September, Bulgargaz said in a statement…

BP posts over $20B loss in 2020 as virus cuts demand

British energy giant BP Tuesday reported a huge $20.3-billion net loss for 2020, despite a slender fourth-quarter profit following a demand glut brought by restrictions…

Equinor writes off its Tanzania LNG project

Equinor has decided to write down the book value of its Tanzania LNG project (TLNG) on the company’s balance sheet by 982million USD. This will…

Biden’s anti-oil crusade can make climate change worse

American oil executives began a pushback against some of President Joe Biden’s climate policies by making the case that fossil fuels from U.S. shale have…

EIA: Global Oil Consumption Crashed By 9% In 2020

Due to the coronavirus restrictions and lockdowns, global consumption of petroleum and other liquid fuels crashed by 9 percent to 92.2 million barrels per day…

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