Oil and gas Archives

08/18/2021

Big Oil's bid to lure back investors with cash could ultimately fail

The world's largest oil and gas majors are seeking to lure back investors by returning more cash to shareholders. Market participants, particularly those looking to the long term, remain highly

03/30/2021

US government has returned all the oil it stored for companies when prices crashed last year

The U.S. government returned 18.3 million barrels of oil to companies that had stored crude in the Strategic Petroleum Reserve when demand suddenly dried up a year ago. The companies

03/11/2021

OPEC sees most of 2021 oil demand recovery in second-half as COVID-19 impact lingers

"Total oil demand is foreseen to reach 96.3 million bpd with most consumption appearing in the second half," OPEC said in the report. The latest forecasts could bolster cautious views

"Big Oil" companies posted huge losses in the three-month period through to June as lockdown measures coincided with an unprecedented demand shock. The devastating economic impact of the coronavirus outbreak

08/12/2020

BP worker gets $200,000 payout after being fired for Hitler meme

A refinery worker in Australia has been awarded almost $200,000 in compensation by BP after being fired over a Hitler meme he shared which appeared to mock his bosses over

07/30/2020

Shell reports $18bn loss as global oil and gas prices collapse

Royal Dutch Shell has reported a deep financial loss after a record writedown on the value of its oil and gas assets due to the collapse in global market prices