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Mr Putin has been keen to show that the economy of the world’s biggest energy exporter can cope with the 50% plunge in oil prices this year even as other oil producers struggle. Bloomberg reported that Russia is...

Posted By : Yogender Pancholi 3 hours 31 minutes ago
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Given current market conditions, Shell announced that it will not proceed with an equity interest in the proposed Lake Charles LNG project. Accordingly, Energy Transfer will take over as the project developer. Shell...

Posted By : Yogender Pancholi 3 hours 32 minutes ago
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Gazprom Neft subsidiary Gazpromneft-Khantos has acquired development rights to deep strata at the southern section of the Priobskoye field in the Khanty-Mansi Autonomous Okrug, increasing reserves by more than 10.4...

Posted By : Yogender Pancholi 3 hours 33 minutes ago
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After significant consideration and in light of the COVID-19 pandemic, the difficult decision was made to cancel the 2020 Offshore Technology Conference. Amid continued health and travel concerns during this uncertain...

Posted By : Yogender Pancholi 3 hours 35 minutes ago
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BP’s aviation division Air BP will provide free jet fuel for use by the helicopters of a number of UK air ambulance services, supporting their life-saving work during the current coronavirus pandemic. The air...

Posted By : Yogender Pancholi 3 hours 37 minutes ago
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After a phone call between President Donald Trump and Saudi Arabia’s Mohammed Bin Salman, Saudi Arabia has called for a multinational meeting to discuss oil markets. It said “The Kingdom calls for an urgent meeting...

Posted By : Yogender Pancholi 3 days 3 hours 34 minutes ago
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ExxonMobil and the Global Center for Medical Innovation said that they have initiated multi-sector and joint development projects to rapidly redesign and manufacture reusable personal protection equipment for health...

Posted By : Yogender Pancholi 3 days 3 hours 35 minutes ago
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Aker BP has updated its investment program and financial framework in order to secure additional financial optionality in response to the high uncertainty caused by the COVID-19 crisis. The main changes to Aker BP’s...

Posted By : Yogender Pancholi 3 days 3 hours 37 minutes ago
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Bloomberg reported that oil held near USD 20 a barrel as Saudi Aramco’s output surged above 12 million barrels a day, but Russia said it would refrain from further production hikes. The market is grappling with a...

Posted By : Yogender Pancholi 4 days 3 hours 32 minutes ago
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Research firm IHS Markit expects up to 10 MMbpd of world oil production will be cut or shut-in from April to June 2020 as oil storage fills up and output from financially strapped companies begins to fall. If oil cannot...

Posted By : Yogender Pancholi 4 days 3 hours 33 minutes ago
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The unprecedented collapse in global oil markets brought another driller to its knees, forcing a champion of what was once the premier US shale field to seek protection from creditors. Whiting Petroleum Corp has filed...

Posted By : Yogender Pancholi 4 days 3 hours 34 minutes ago
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VAALCO Energy Inc has provided an update on the successful completion of its 2019/2020 drilling program as well as an operational update. VAALCO Energy Chief Executive Officer Cary Bounds said “We are proud of the...

Posted By : Yogender Pancholi 4 days 3 hours 35 minutes ago
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Covid-19 (coronavirus) has spread beyond China and our 2020 base case global oil demand forecast is cut by 1.1 mb/d. For the first time since 2009, demand is expected to fall year-on-year, by 90 kb/d. In 1Q20, China’s...

Posted By : Yogender Pancholi 4 days 3 hours 36 minutes ago
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Lundin Petroleum AB announced that its wholly owned subsidiary Lundin Norway AS as partner in PL820S, has made oil and gas discoveries at the Evra and Iving exploration well (25/8-19 S and two sidetracks), in the...

Posted By : Yogender Pancholi 5 days 3 hours 29 minutes ago
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Occidental Petroleum Corporation announced that Stephen I Chazen, the Chairman and Chief Executive Officer of Magnolia Oil and Gas Corporation, effective March 18, 2020, has been elected to its Board of Directors as...

Posted By : Yogender Pancholi 5 days 3 hours 31 minutes ago
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Fugro announced a strategic partnership to develop a new range of agile and compact uncrewed surface vessels, which can deploy remotely operated vehicles and autonomous underwater vehicles for marine asset inspections,...

Posted By : Yogender Pancholi 5 days 3 hours 34 minutes ago
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Occidental Petroleum Corporation announced a further reduction in 2020 capital spending to between $2.7 billion and $2.9 billion from its original 2020 guidance of $5.2 billion to $5.4 billion, a midpoint reduction of...

Posted By : Yogender Pancholi 5 days 3 hours 37 minutes ago
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Aker Solutions has entered a master agreement to provide umbilicals for Chevron-operated oil and gas fields in the US Gulf of Mexico. The company also secured the first work order under the new master agreement, to...

Posted By : Yogender Pancholi 6 days 1 hour 23 minutes ago
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Maersk Drilling has been notified by Tullow Ghana of early termination of its contract for the Maersk Venturer deepwater drillship. Since February 2018, Maersk Venturer has worked for Tullow offshore Ghana with an...

Posted By : Yogender Pancholi 6 days 2 hours 8 minutes ago
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CNOOC Limited announced its 2019 annual results for the year ended December 31, 2019. In 2019, CNOOC Limited has achieved remarkable results, with multiple operating indicators reached a record level since its listing....

Posted By : Yogender Pancholi 6 days 2 hours 12 minutes ago
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A working meeting took place today between Vladimir Putin, President of the Russian Federation, and Alexey Miller, Chairman of the Gazprom Management Committee. Alexey Miller briefed Vladimir Putin on the ongoing...

Posted By : Yogender Pancholi 6 days 2 hours 16 minutes ago
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Rosneft announced the termination of its operations in Venezuela and the disposal of its assets, related to operating in Venezuela. Rosneft concluded an agreement with the company 100% owned by the Government of...

Posted By : Yogender Pancholi 6 days 2 hours 22 minutes ago
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Gazprom Neft’s Arctic assets were responsible for a significant contribution to the company’s total production growth in 2019, with about 30% of all oil production occurring within the Arctic Circle. Liquid...

Posted By : Yogender Pancholi 7 days 5 hours 9 minutes ago
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McDermott International Inc announced that Chevron Lummus Global, McDermott's joint venture with Chevron, has been awarded a sizeable* contract by a Southeast Asian refiner for the license, engineering and supply of...

Posted By : Yogender Pancholi 7 days 5 hours 10 minutes ago
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Leading provider of multi-client geoscience data for exploration & production TGS announced that it has completed, on-time, the processing of its Erlend Wild West multi-client 3D seismic survey west of Shetland. This...

Posted By : Yogender Pancholi 7 days 5 hours 11 minutes ago
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USDValueDoDWoWMoMQoQYoY
USD1.0000.0000.0000.0000.0000.000
AUD1.6620.015-0.0240.1420.2320.257
BRL5.3480.0900.3130.9591.3041.478
CAD1.4170.001-0.0100.0890.1110.082
CNY7.0920.003-0.0020.0600.1080.378
EUR0.9240.0010.0080.0030.0310.034
GBP0.818-0.001-0.0270.0470.0550.059
INR76.2220.2220.9994.4894.8827.382
JPY108.9180.958-1.483-1.497-0.257-2.433
RUB77.040-0.338-1.80311.39914.98711.811
ZAR19.2640.6971.7834.0135.2635.072
DoD - Previous Day, WoW - Last Day, MoM - Last 30 Days As on Apr 06 2020
Source : xe.com