Permian Basin outlook to stabilise at an average annual production of 4.3 million barrels per day during 2020
The Permian Basin has been the most affected play in the US since the beginning of the Covid-19 pandemic. The…
30 Sep 2020
Despite production cuts and drop in revenue in Q2 2020, Rosneft is moving forward with key new projects
With the average realised price of $23.03 per barrel (bbl) and the need to cut oil production per the OPEC+ agreement in Q2, Rosneft Oil Company (Rosneft) saw a drop…
29 Sep 2020
Chevron actively divests many of their non-core assets while focusing on Permian unconventional asset and Asia-Pacific natural gas market
Chevron took on a significant loss in Q2 2020, summing up to $8.3bn, with 74% of the losses coming from its upstream segment. This is mainly due to impairments in…
28 Sep 2020
Understanding the impact of Covid-19 on Saudi Aramco
Aramco is the largest integrated oil and gas company in the world hailing from Saudi Arabia, with upstream assets only being within the country but storage and downstream assets across…
25 Sep 2020
Chinese firm looks to exit Saudi Aramco’s Marjan scheme
State-owned China Offshore Oil Engineering Company (COOEC) has made a formal request to Saudi Aramco to withdraw involvement in the estimated $15bn-plus Marjan offshore field development scheme, according to sources.…
25 Sep 2020
Qatar’s Oryx GTL issues tender for engineering services
Qatar-based Oryx GTL has issued a tender for a framework agreement covering engineering consultancy and support services, according to a report by MEED. Oryx GTL issued the tender on 17…
23 Sep 2020
LNG trends: Natural Gas leads twitter mentions in August 2020
Offshore Technology lists the top tweeted terms by liquefied natural gas (LNG) influencers in August 2020. GlobalData’s Influencer Platform selected these top tweets based on Twitter traffic. 1. Natural Gas…