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Search Results for Oil
Dong Rready to Leave Oil Behind
Dong Energy will present its oil and gas exploration and production activities as “discontinuing operations” in its financial statements for 2016. Therefore, profit and loss from the oil and gas segment will be presented separately from the company’s continuing operations.…
The OPEC Monthly Oil Market Report
The OPEC Monthly Oil Market Report covers major issues affecting the world oil market and provides an outlook for crude oil market developments for the coming year. The report provides a detailed analysis of key developments impacting oil market trends…
Saudi Aramco CEO Says Oil Will Dominate over Renewables for Decades
Demand for oil and gas will continue to grow for the next few decades and any fall in capital investment for the industry will cause “spikes” in prices and affect the global economy, according to the president and CEO of…
Norway’s Biggest Oil Company to Build Huge Offshore Wind Farm Off Coast of New York
If everything goes to plan, New York City and Long Island will be harnessing the Atlantic Ocean’s strong and dependable winds as a source of renewable energy. Norway’s biggest oil company will be developing an offshore wind farm outside of…
Statoil the Winner of US Federal Lease Auction for Wind Area Offshore of New York
Statoil said Dec. 16 that it has been declared the provisional winner of the U.S. government’s wind lease sale of 79,350 acres offshore New York. Statoil will now have the opportunity to explore the potential development of an offshore wind…
Barack Obama Bans Oil and Gas Drilling in Most of Arctic and Atlantic Oceans
Obama uses law that allows presidents to block sale of new offshore drilling and mining rights and makes it difficult for their successors to reverse decision. Barack Obama has permanently banned new oil and gas drilling in most US-owned waters…
Iran to Discuss with Russian Partners New Oil, Gas Contracts Soon
Iran is planning to discuss new potential oil and gas contracts with Russian companies soon, Iranian Minister of Communications Mahmoud Vaezi said on Tuesday. “Iran plans in the nearest future to discuss with Russian partners new oil and gas contracts,”…