Coronavirus

El Molla Urges Employees to Maintain COVID-19 Precautionary Measures

Minister of Petroleum and Mineral Resources, Tarek El Molla, called for increasing the precautionary measures taken against the COVID-19 to protect the workers and their families.

OPEC+ Revises Oil Demand for 2021 

The Organization of Petroleum Exporting Countries and its allies (OPEC+) have revised oil demand scenarios for 2021 with demand seen weaker than previously anticipated.

Total Delays Tyra Gas Field Restart by 1 Year

The restart of the Tyra gas field, which lies in the Danish portion of the North Sea, is expected to be delayed by almost a year due to corona-related issues.

Canada Ramping Up Production to End Year on a High 

Canadian producers are rigorously producing extra crude in an attempt to try and offset a dire year for the Canadian oil industry.

Alberta Set to Increase Production Ahead of Schedule

Canada’s most prolific oil-producing province, Alberta, is set to increase its crude production in December ahead of schedule as coronavirus-related shutdowns ease congestion.

SABIC Reports Rise of Net Profit in Q3

Saudi Basic Industries Corporation (SABIC) returned to profit in Q3 after the global recovery is showing signs of recovery from the coronavirus.

Global Oil Demand Forecast Cut Again by OPEC 

The Organization of Petroleum Exporting Countries (OPEC) has further curtailed its expectations for the rebound of world oil demand in 2021.

Shell’s Petrochemical Complex in Pennsylvania 70% Completed

Royal Dutch Shell announced that its multi-billion-dollar petrochemical complex in Pennsylvania has neared 70% completion and remains on track to become operational in 2020.

Number of US Oil, Gas Rigs Rises for Third Consecutive Week

US energy firms have added oil and gas rigs for a third week in a row following oil price increases, something that has not been seen since October 2018.

Wintershall Dea to Rely on Mobile Working Post-Pandemic

Wintershall Dea, Europe’s leading independent natural gas and oil company, has announced that the company will establish mobile working as standard practice even after the pandemic.

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