Oil & Gas Industry
Shell Cuts Dividend for First Time Since World War T...
Royal Dutch Shell cut its dividend for the first time since World War Two on Thursday as the energy company retrenched in the face of an unprecedented drop in oil demand due to the coronavirus pandemic.
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April 30, 2020
11:07 am By Neha Mule
Israel’s Delek Group Sells Stake in Cohen Developm...
Israel’s Delek Group has sold its 51.76% stake in Cohen Development Gas & Oil Ltd for 207 million shekels ($58 million) in cash, the energy conglomerate said on Monday.
A Delek petrol station in Tel Avi...
April 20, 2020
9:44 am By Neha Mule
Oil Falls to $30 Amid Recession Fears and Saudi Pump...
Oil fell below $30 a barrel on Tuesday, trading close to its lowest in more than four years, as the coronavirus pandemic hit demand and Saudi Arabia raised output to a record as it battles with Russia for mark...
March 17, 2020
12:32 pm By Neha Mule
Oil War: Oil Prices Lost as Much as a Third of Their...
Oil prices lost as much as a third of their value on Monday in their biggest daily rout since the 1991 Gulf War as Saudi Arabia and Russia signaled they would hike output in a market already awash with crude a...
March 9, 2020
1:40 pm By Neha Mule
Somalia Agrees Offshore Oil Exploration Roadmap with...
Somalia has agreed an initial roadmap with a Shell/Exxon joint venture to explore and develop potential offshore oil and gas reserves, the Ministry of Petroleum and Mineral Resources said on Monday.
Oil pl...
March 4, 2020
1:18 pm By Neha Mule
Aker BP and Cognite Partner to Explore the Potential...
Cognite, today announced a strategic initiative with long-time partner Aker BP to explore how robotics systems can be used to make offshore operations safer, more efficient and more sustainable.
Cognit...
February 11, 2020
1:04 pm By Neha Mule