Oil and gas companies don’t want “oil” or “gas” in their names
Oil companies are seeking a cleaner image. (Reuters/Lucy Nicholson) Today, Norwegian oil giant Statoil will officially rebrand as Equinor. Why? “A name with ‘oil’ as a component would increasingly be a disadvantage. More...
Oil prices reach highest since November 2014 at over $70 per barrel
US oil prices rose above $70 a barrel on Monday for the first time since November 2014 and Brent crude climbed to fresh highs, buoyed as a deepening economic crisis in Venezuela threatened the country’s already More...
NAFTA 2.0: ISDS Supports U.S. Oil, Natural Gas, And Electricity Companies
(L-R) Mexican Economy Minister Idelfonso Guajardo, Canadian Minister of Foreign Affairs, Chrystia Freeland and US Trade Representative Robert Lighthizer pose for pictures before giving a message to the media More...
Hiranandani family to invest Rs 3,500 crore in oil and gas projects
Niranjan Hiranandani’s family is investing around Rs3,500 crore to build liquified natural gas (LNG) terminals in Maharashtra and West Bengal, in a diversification for the Mumbai-based developer who built the More...
ONGC seeking oil assets in other regions amid Iran gas row
India’s ONGC Videsh has turned its focus to buying stakes in overseas oil and gas assets to meet output targets after a delay by Iran in awarding development rights for a gas field, its managing director said More...
European oil companies plan major carbon capture project in Norway
Three European oil companies will assemble a major carbon storage project in Norway, part of an effort to mitigate rising temperatures. Norway’s Statoil, France’s Total and Anglo-Dutch oil company Royal More...
Saudi Budget Deficit Shrinks Due To Higher Oil Prices
Riyadh: Saudi Arabia’s state budget deficit shrank by a fifth in the second quarter from a year earlier as revenues rose moderately on the back of higher oil prices. The deficit dropped to 46.5 billion riyals More...
Want a Change in Career? Here’s Why the Oil and Gas Industry is For You
Whether you’re about to graduate from college or you just want a change in career, it’s a good idea to explore different sectors. While it can be scary to step outside your comfort zone, it’s always worth More...
Petrol, Diesel Prices Cut Sharply On Lower Global Oil Rates
Petrol price was lowered by Rs. 2.16 per litre while diesel rate was cut by Rs. 2.10 per litre on Monday. Revised rates will take effect from midnight, Indian Oil Corp. – the country’s largest fuel More...
How Modular Construction Can Benefit the Oil and Gas Industry
The adoption of modular constructionin the oil and gas industry has been influenced by two major concerns: cost cutting and supply of skilled labor. With the increasing number of projects in remote locations, stick-built More...