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View all search resultsOil-and-gas-production
Business 5 years ago
SKK Migas offers relief for struggling oil, gas companies
The Upstream Oil and Gas Special Regulatory Task Force (SKK Migas) said on Wednesday that it would allow upstream companies to postpone paying annual Abandonment and Site Restoration (ASR) fees in a bid to keep Indonesia’s production levels on track as the COVID-19 crisis continues.
Business 5 years ago
OPEC fears second virus wave to prolong oil inventory overhang
OPEC fears its record oil cuts will fail to rebalance the market and solve the worst glut in history if a second wave of the COVID-19 pandemic undermines an economic recovery later this year, according to internal OPEC research seen by Reuters.
World 5 years ago
District of Columbia sues 4 oil majors for misleading consumers on climate change
The attorney general for the District of Columbia on Thursday filed a lawsuit against Exxon Mobil Corp, BP Plc, Chevron Corp, and Royal Dutch Shell Plc for "systematically and intentionally misleading" consumers about the role their products play in causing climate change, the latest action by a US attorney general against the oil and gas industry.
Business 5 years ago
Oil prices drop amid supply glut, fears of second coronavirus wave
Oil prices slid nearly US$1 a barrel on Monday as concern over a persistent glut and economic gloom caused by the coronavirus pandemic combined to cancel out support from supply cuts at some of the world’s top producers.
