Page 3 - Oil Industry

BP gives Caribbean refinery more time to hit operating targets: Report

BP Plc has given the operator of a Caribbean refinery more time to fully restart and retain its crude oil supply agreement after the plant failed to hit operating targets last year, sources said

Abu Dhabi plans to spend $122 bn in oil & natural gas over the next 5 years

The Gulf emirate's top body for energy policy, the Supreme Petroleum Council, approved the budget for Abu Dhabi National Oil, state-run news agency WAM reported on Sunday

China all set to eclipse US as world's biggest oil refiner by 2021: IEA

The Covid crisis has hastened a seismic shift in the global refining industry as demand for plastics and fuels grows in China and the rest of Asia

Oil prices slip as US inventory build stokes fears of supply glut

Crude inventories rose by 584,000 barrels in the week to Oct. 16 to 490.6 million barrels, data from industry group the American Petroleum Institute (API) showed

Iraq flags oil project delays, sees recovery next year: Minister

"I think quarter two, 2021 will be more attractive to every aspect of our business," Ihsan Abdul Jabbar told the CWC Iraq Petroleum conference

As Exxon Mobil is removed from the Dow, is this the end for Big Oil?

It's not the first time that there's only been one oil and gas company in the Dow

Mauritius spill to have an impact far beyond its size on the oil industry

Compared to the biggest oil spills from tankers hauling as much as 300,000 tons of crude across the world's oceans, the volume of oil that spilled from the Wakashio is a drop in the ocean

First Abu Dhabi Bank profit drops 25% on higher impairments charges

Banks in the region have been hit by the twin shock of the coronavirus pandemic and lower oil price

Chevron to buy Noble Energy for nearly $5 billion in rare oil-bust deal

The deal will grow Chevron's shale presence in both the Permian Basin and the Denver-Julesburg Basin in Colorado.

Working to complete contours of Saudi Aramco deal, says Mukesh Ambani

The deal was to be concluded by March 2020 but has been delayed.

BP wipes up to $17.5 billion from assets with bleaker oil outlook

Like its rivals, the British oil major is set to take a big hit to revenue from an unprecedented collapse in demand due to the pandemic.

Saudi Aramco plans $75-billion dividend even as profit plunges 25%

Saudi Aramco, the world's most valuable listed company, will pay a dividend of $18.75 billion for the first three months of 2020.

When oil became waste: A week of turmoil for crude, and more pain to come

The magnitude of how damaged the energy industry is coming into full view on April 20 when the benchmark price of US oil futures plunged to a previously unthinkable minus $38 a barrel

Want to make it big in oil industry? Try getting fired by this company

The CEO of SandRidge Energy was recently dismissed with a severance package worth at least $14 million

Data can be next oil only if it flows freely

Data must be gathered and disseminated swiftly; else it will lead to proxy efforts which will create further confusion

Global oil industry: What's there for India in 2017?

As long as the price remains below $ 70 per barrel, India stands to gain, says Alireza Moghaddham

Is there cause for optimism in oil industry?

Producers reeling from slump in prices plan to step up investments in exploration as oil prices start to rise again