International

In the Shadow of War, Libya’s Ailing Oil Industry Gets No Relief

The revival of Libya’s oil industry looks even less certain following recent setbacks suffered by Khalifa Haftar, the commander trying to take over the last swaths of the country outside his control.

Neptune Energy completes Petrel seismic survey offshore Australia

Neptune Energy announced the successful acquisition of the 3D broadband seismic survey of the extensive Petrel field located in the Bonaparte basin of Australia.

Aramco Is First Oil Major to Regain Pre-Price-War Share Price

Saudi Aramco is the first major global oil producer to see its stock recover to the level it traded at before the price war between Russia and Saudi Arabia.

U.S. Shale Cuts Production Deeper And Faster Than Expected

the U.S. shale patch is reacting to the wellhead economics and is curtailing American oil production much faster and deeper than analysts initially thought.

Saudi wealth fund snaps up $7.7bn of blue-chip stocks

Investment vehicle chaired by crown prince takes advantage of knockdown share prices during pandemic

ADNOC CEO says oil markets will rebalance over time

His Excellency Dr. Sultan Ahmed Al Jaber, UAE Minister of State and Group CEO of the Abu Dhabi National Oil Company (ADNOC), says there are signs that oil markets have tightened in recent weeks and will rebalance over time.

Kuwait, Saudi Arabia to shut shared Al-Khafji field just months after restart

Kuwait and Saudi Arabia agreed to stop production from the Al-Khafji crude oil field

Russia faces challenges cutting oil output while keeping the industry alive

Russian oil producers are confronting their greatest challenge in decades as they try to fend off a historic price slump without permanently damaging their fields.