International

OPEC + .. conditional agreement to reduce oil production for two years

After a long series of virtual meetings and deliberations, the countries of the "OPEC Plus" group, which includes the member states of the "OPEC" and the oil producers in solidarity with it, decided to cut daily production in three stages, culminating with the beginning of 2021 until April 2022.

Submission of Field Development Plan Addendum for Karish North

Energean Oil and Gas plc, the oil and gas producer focused on the Mediterranean, is pleased to announce the completion of an independent Competent Persons Report (“CPR”) by DeGolyer and MacNaughton (“D&M”) on the Karish North Field, offshore Israel, and submission of an addendum to the Field Development Plan (“FDP”) to the State of Israel’s Ministry of Energy for Karish North.

Oil prices higher ahead of Opec-Russia meeting

Investors hopeful, but deal to cut supply faces serious challenges

Russia rejects US suggestion on oil cuts

Russia has rejected suggestions that a market-driven fall in oil production from US shale producers could count towards the country’s share of a potential global crude reduction deal, dampening hopes of a significant agreement this week.

India buying millions of barrels of Saudi crude for strategic reserves

the world’s third biggest oil consumer, is set to snap up millions of barrels of Middle East crude for its strategic reserves, signaling its support for global efforts to rescue the energy market.

Trump Says Free Market Will Curb U.S. Oil Output ‘Automatically’

Donald Trump gave the strongest signal yet the U.S. might not join Saudi Arabia, Russia and other major producers in coordinated oil-production cuts, even as plunging crude prices put thousands of American shale jobs at risk.

Energean issues Press Release regarding Karish Project Update - FPSO Hull Sailaway from China, and Edison E&P Transaction

Energean Oil and Gas plc (LSE: ENOG, TASE: אנאג), the oil and gas producer focused on the Mediterranean, is pleased to announce that its FPSO hull sailed away from the COSCO yard in China on 3 April 2020.

Royal Dutch Shell reskills workers in artificial intelligence as part of huge energy transition

Working at Royal Dutch Shell’s Deepwater division in New Orleans gives Barbara Waelde a front-row seat to how the right data can unlock crucial information for the oil giant.