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Gulfport Energy files for bankruptcy after acquisitions weaken balance sheet

Natural gas producer Gulfport Energy Corp. filed for bankruptcy, joining a slew of U.S. energy companies that are collapsing after the global pandemic deepened their…

OPEC+ explores a three to six month delay on oil output hikes

Talks between OPEC and its allies are zeroing in on a delay to next year’s planned oil-output increase of three to six months, according to…

Australia-China Spat Threatens LNG Deal

A sharp worsening in relations between Australia and China could threaten a deal that would have seen Woodside Petroleum sell a stake in a natural…

U.S. Energy Related CO2 Emissions Drop

U.S. energy-related carbon dioxide emissions dropped by 3 percent last year, offsetting a 3-percent increase in 2018, as a record-high share of low-carbon sources were…

UAE Oil Major ADNOC Sees Oil Demand Reaching 105 Million Bpd Within Decade

Group CEO of the Abu Dhabi National Oil Company (ADNOC) on Monday forecast that oil demand will reach more than 105 million bpd within the…

Oman Looks To Raise $3 Billion Through Its Largest Oil Block

Middle Eastern oil producer Oman is looking to raise $3 billion in a debt issue next year via a new company expected to hold the…

Cenovus sells northern Alberta oil assets to Headwater Exploration

Cenovus Energy Inc., through a wholly owned partnership, has entered into a definitive agreement to sell its Marten Hills oil assets in northern Alberta to…

Factbox: How a Biden presidency would transform the U.S. energy landscape

(Reuters) – Democrat Joe Biden has won the November U.S. presidential election, according to several major networks. Here are some of the changes that could…

Petkim Finished Q3 with Profit

The Petkim petrochemical complex, one of the largest investments of the State Oil Company of Azerbaijan (SOCAR) in Turkey, has successfully completed the third quarter…

Coal Consumption In U.S. Electricity Sector Plunges 30%

Competition from record-low natural gas prices and reduced power demand in the lockdown in the spring sent coal consumption in the U.S. power sector down…

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