Lower equipment demand and conservative capital spending by upstream players make the outlook for the Zacks Oil and Gas- Mechanical and Equipment industry gloomy. NGS, USAC and OIS are trying to ...

According to the BP Statistical Review of World Energy, the volume of crude oil processed by refineries in Indonesia in 2024 will be 807,18 thousand barrels per day.

Federal regulators are seeking public comment regarding plans to waive some safety requirements before restarting the use of ...

Here are key facts about international oil companies in Venezuela, a country with vast oil reserves but dilapidated energy ...

Venezuela sits on more barrels of oil than Saudi Arabia. So why does it pump less than 1% of the global supply?

Explore the challenges and considerations for Indian firms eyeing Venezuelan oil imports amidst political and logistical ...

Nigeria recorded a major win in its efforts to curb oil losses, increase federation's revenue and boost local technically capacity with the successful execution of pioneering gravimetric flow metering ...

Eni SPA has taken final investment decisions (FID) to move forward with subsidiary Enilive SPA’s development of new biorefining projects at two of the operator’s ...

Valuation risk persists with Exxon Mobil stock trading at a 22x P/E vs. a 15.8x historical average, but is well balanced by ...

Oil marketing companies, including BPCL, HPCL, and IOC, saw share price declines of up to 3% due to rising global crude prices, which raised concerns over their marketing margins and earnings amid ...

As India begins reducing its Russian crude oil imports, under pressure from the US, its overall crude oil import bill is expected to increase by $2-3 per barrel, which can be offset by Venezuelan ...

By Mariela Nava , Marianna Parraga and Ana Isabel Martinez CABIMAS, Venezuela, Feb 19 (Reuters) - In September, a rig used to drill wells in shallow waters completed the long trip from China to ...