February 7, 2019

Cuadrilla Announces High Quality Gas Reservoir Find

UK company Cuadrilla said on Wednesday that initial flow tests at its fracking site in northwest England showed a rich reservoir with high-quality recoverable natural gas, […]
January 23, 2019

Iran Announces Oil Discovery In Untapped Region

Iran has struck oil in a hitherto untapped region, Oil Minister Bijan Zanganeh told local media as quoted by Reuters. “This is the first time we’ve […]
January 23, 2019

Venezuela’s PDVSA Announces 5% Decline In Debt

Venezuela’s state-owned oil company, PDVSA, said its debt fell by 5 percent last year to US$34.6 billion, Reuters report, citing a statement in a Venezuelan newspaper. […]
November 5, 2018

UAE Announces Major Oil & Gas Discoveries

The UAE’s flagship oil and gas company Adnoc has made a gas discovery of 15 trillion cu ft and a crude oil discovery of 1 billion […]
September 7, 2018

Washington Announces Sanctions On Syrian Oil Industry

The U.S. Department of Treasury announced sanctions against five Syrian companies and four individuals on allegations of facilitating crude oil shipments and financing to the Assad […]
July 28, 2018

Chevron Announces Share Buybacks, But Misses On Earnings

Chevron Corporation (NYSE:CVX) announced on Friday much-awaited share repurchases in its Q2 earnings release, but investors were disappointed by a miss in profits despite the fact […]