Cutting Oil Procurement News - Latest Tenders News & Updates 2024

Shell has decided to cease investments in new offshore wind developments as part of a review of the Shell Energy business. The oil and gas major, which has built a significant portfolio of renewable e ......

Almost five years ago, BP embarked on an ambitious attempt to transform itself from an oil company into a business focused on low-carbon power. The British company is now trying to return to its roots ......

Brent crude futures dropped 19 cents, or 0.3%, to $73.68 a barrel SINGAPORE: Oil prices extended declines on Monday as the threat of a supply disruption from a U.S. storm eased and after Chinas stimul ......

Brent crude futures fell 57 cents, or 0.8%, to $71.03 per barrel Oil prices fell for a third day on Friday, on course to end the week lower, as investors focused on expectations of higher supplies fro ......

Petroleum Development Oman is a leading user of the polymer for its chemical EOR operations MUSCAT: Underscoring Oman’s increasing reliance on Enhanced Oil Recovery (EOR) to sustain oil and gas produc ......

BPs new CEO Murray Auchincloss has imposed a hiring freeze and paused new offshore wind projects as he places a renewed emphasis on oil and gas amid investor discontent over its energy transition stra ......

Saudi to cut output by one million barrels per day for another 3 months Saudi Arabia and Russia will continue to implement their latest oil supply cutbacks for another three months. The world’s bigge ......

Goldman Sachs sounds bullish on oil outlook The Opec+ bloc is taking adequate measures for the stability of the oil market, the UAE Energy Minister Suhail Al Mazrouei said in India as market analysts ......

BP has won a £6billion contract to build two wind farms off Germany – its first offshore expansion into continental Europe. Located 130 and 150 km from Heligoland in the North Sea, the farms have a c ......

ScotWind lease win plus new solar additions contributed to 14.1GW increase in 2022 BP grew its renewables pipeline to 37GW during 2022, adding 10GW during the fourth quarter of the year, according to ......