Verdict has been conducting the poll to study the trends in business optimism during COVID-19 as reflected by the views of companies on their future growth prospects amid the pandemic. Analysis of the ...
Marathon Gas Station in Long Grove, IL. Credit: Bill Crittenden. American petroleum refining and marketing firm Marathon Petroleum (MPC) has signed an agreement to sell its gas stations to the owners ...
Production in the South West Meleiha licence started in 2019. Credit: James Armbruster from Pixabay. Italian exploration and production firm Eni has made an oil discovery at a new well in the South ...
Oilfield services provider National Energy Services Reunited (NESR) has signed a memorandum of understanding (MoU) with Gradiant Energy Services (GES). Under the terms of the MoU, NESR will deploy GES ...
Latin American oil and gas explorer and operator GeoPark has expanded its portfolio with the addition of four new exploration blocks in Brazil’s hydrocarbon basins Reconcavo and Potiguar. The company ...
The Sarqala-2 well is currently producing 11,000 barrels per day (bpd). Credit: Gazprom Neft PJSC. Through its subsidiary Gazprom Neft Middle East, exploration and production company Gazprom Neft has ...
A consortium comprising Italy’s Snam has won a tender for the acquisition of a 66% stake in Greek national natural gas grid operator DESFA for €535m. Snam holds a 60% interest in the consortium, while ...
The Government of Alberta is contemplating the purchase of the Trans Mountain oil pipeline project to ensure it is completed following current owner Kinder Morgan’s decision to cease further ...
Shell EP Middle East Holdings has signed an agreement to sell Shell Iraq’s (SIBV) entire stake in the West Qurna 1 oil field for $406m to a subsidiary of Japanese firm Itochu. The divestment comprises ...
Cenovus Energy is scaling down production at its oil sands facilities due to light-heavy price differentials and pipeline capacity constraints. The company is also storing excess barrels in its ...
North America is expected to hold on to its leadership position in terms of planned and announced liquefaction capacity growth, according to a report by GlobalData. Titled ‘Semi-Annual Global Capacity ...
Independent exploration and production firm Devon Energy has signed a $553m agreement to sell the southern portion of the Barnett Shale in the US. Located in Johnson County, the assets currently have ...
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