Product & Logistics Services is ceasing operations at its Monahans, Texas facility, resulting in the termination of 124 employees. Product & Logistics Services LLC (P&LS), a subsidiary of Schlumberger Limited, Continue Reading
U.S. refiners had a plan for 2020: use their complex operations to maximize profits by making products that would comply with new international laws capping sulfur content in shipping fuels. Continue Reading
The shale industry faces an uncertain future as drillers try to outrun the treadmill of precipitous well declines. For years, companies have deployed an array of drilling techniques to extract Continue Reading
Shareholders have been stepping up pressure on the world’s top oil companies to start addressing climate change risks and set emission reduction targets if the world is ever to achieve Continue Reading
It took Total’s chief executive and a small group of advisers just days to line up the French energy major’s biggest acquisition in almost two decades when it agreed to Continue Reading
Russian oil quality from the Baltic port of Ust-Luga was improving on Thursday but was still not good enough for refiners in Europe, with required standards expected to be reached Continue Reading
Russia’s Rosneft will load an extra crude oil cargo from the Pacific port of Kozmino on May 30-31 in addition to the initial loading plan, amid Russian oil export problems Continue Reading
In terms of oil and gas, post-Soviet nations are currently undergoing a consolidation phase that slowly brings back former partners that have fallen out in 2014-2016. Prices of both oil Continue Reading
Britain’s coastal communities may have to be relocated because of rising sea levels and the increased risk of flooding due to climate change, the chair of the Environment Agency has Continue Reading
Uncertainties about future global crude supply are likely to test a forecast for Brent crude prices to trade between $70/b to $75/b over the next few months, Goldman Sachs said Continue Reading
