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Trump extends ban on Florida offshore drilling

The U.S. President, Donald Trump on Tuesday announced an expanded ban on offshore oil development near the coasts of Florida and the southeast U.S. as he made a case for his environmental record in the must-win Sunshine State.

Total quits operation of Brazil offshore oil project

French energy group Total has resigned from Brazil offshore oil project. Total on Monday said it resigned from its role as operator of five exploration blocks in the Foz do Amazonas Basin, 120 kilometres offshore Brazil.

UAE’s oil output soars above OPEC limits

OPEC’s current third-largest producer, the United Arab Emirates (UAE), increased its oil production in August to above its quota as per the OPEC+ deal as electricity demand soared in the summer.

Neptune extends Deepsea drilling rig contract until 2021

Neptune Energy has extended the contract for the Deepsea Yantai semi-submersible offshore drilling rig until late 2021. The Deepsea Yantai rig is owned by China’s CIMC and managed by the Norwegian drilling contractor Odfjell Drilling.

Shell exits multi billion Lake Charles LNG project

The European oil major Shell has decided to drop out of multibillion Energy Transfer's Lake Charles LNG project with Dallas pipeline operator Energy Transfer. The announcement comes a week after Shell cut $5 billion from its...

Aramco shakes up management team as oil crashes

The world’s biggest oil producer Saudi Aramco reshuffled its senior management and created a division focused on “portfolio optimization,” as it adapts to low crude prices and seeks new ways to raise cash.
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