US sanctions UAE entity for facilitating Iran oil trade
It also sanctioned companies in Hong Kong and Shanghai for what it .....
Saudi Aramco ranked world's second most valuable oil & gas brand at $46.8bn
The oil and gas giant was named the Middle East's most valuable .....
SFO alleges Unaoil agents paid $6mn bribes in Iraq for oil contracts
As the SFO trial began on Thursday, three Unaoil agents faced counts .....
OPEC could extend oil cuts until end of 2020: TASS
Discussions are still in the early stages...
Incoming BP CEO has “ambitious” overhaul plans – sources
Bernard Looney is planning to expand the company's climate targets, and could .....

Exploration

Sharjah National Oil Company makes first gas discovery in three decades
The Mahani-1 exploration well, located in the Area B Concession, is the .....
Global oil and gas discoveries reach four-year high in 2019
Oil and gas companies discovered 12.2bn barrels of oil equivalent in 2019

Drilling & Production

Coronavirus threatens demand, says Saxo Bank commodity head
Ole Hansen, head of commodity strategy for Saxo Bank, comments on the .....
Brazil to discuss OPEC membership in Saudi Arabia in July
The South American producer could become OPEC's latest member

Products & Services

McDermott restructures debt and files Chapter 11 bankruptcy
The company expects the restructuring to eliminate $4.6bn debt
North America incurs highest crude oil refinery maintenance globally in 2019, says GlobalData
Asia was the secon-highest region in terms of crude oil refinery capacity

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