News Agencies Feed

oil and gas

Jan 20

Crescent Petroleum Signs MoU to Sponsor Special Olympics

Crescent Petroleum Signs MoU to Sponsor Special Olympics

Crescent Petroleum, the Middle East's first and largest private exploration and production company, has signed a memorandum of understanding (MoU) with the Local Organizing Committee (LOC) for Special Olympics World Games Abu Dhabi 2019 to sponsor the World Games taking place 14-21 March,"...

Continue Reading >>

Jan 14

Brazil judge allows Petrobras to continue divestment

Brazil judge allows Petrobras to continue divestment

SAO PAULO: The chief justice of Brazil’s Supreme Court has restored a presidential decree regulating how state-controlled Petroleo Brasileiro SA (PETR4.SA) can carry out an ambitious divestment program meant to reduce the company’s significant debt.

...

Continue Reading >>

Jan 13

Natural Gas Can Play an Important Role in the Energy Transition to a Lower Carbon Economy

Natural Gas Can Play an Important Role in the Energy Transition to a Lower Carbon Economy

Policy makers worldwide have a proven solution for cutting carbon emissions by switching electricity generation from coal and oil to natural gas, Majid Jafar, CEO of Crescent Petroleum, told an audience of energy ministers and industry leaders meeting in Abu Dhabi this morning.

As"...

Continue Reading >>

Jan 08

Oil bulls oust bears in the first week of 2019

Oil bulls oust bears in the first week of 2019

RIYADH: After dwindling to near 16-month lows at the end of 2018, oil prices bounced back in the first week of the year, helped by OPEC’s proactive output cuts and positive economic news from the US.
The year 2019 started with a progressive rebound in oil prices after the 2018-year"...

Continue Reading >>

Jan 02

Oil posts 1st year of losses since 2015

Oil posts 1st year of losses since 2015

Reuters
HOUSTON
Oil prices ended with full-year losses for the first time since 2015, after a desultory fourth quarter that saw buyers flee the market over growing worries about a supply glut and mixed signals related to renewed U.S. sanctions on Iran.
For the year, U.S."...

Continue Reading >>