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View all search resultsoil-production
Business 5 years ago
OPEC laggards called out in Saudi push for cuts compliance
Last month, ministers of OPEC nations and other major oil producers stuck to an agreement to lower production, underlining that only strict compliance could restore stability to prices sent plummeting by the coronavirus pandemic.
Business 5 years ago
Oil giants' production cuts come to 1 million bpd as they post massive writedowns
The world’s five largest oil companies collectively cut the value of their assets by nearly US$50 billion in the second quarter, and slashed production rates as the coronavirus pandemic caused a drastic fall in fuel prices and demand.
Business 6 years ago
PREMIUM
‘Fastest extension’: Contracts signed for West Ganal and Pangkah oil and gas blocks
The Energy and Mineral Resources Ministry announced on Friday the signing of contracts with several companies to exploit the offshore West Ganal Block in the Makassar strait and the offshore Pangkah Block in East Java.
Opinion 6 years ago
Saudi attacks bring geopolitical risks to the forefront
Recent attacks on key oil infrastructure in Saudi Arabia sent prices sharply higher, and while the risk to near term supply disruption may be low, the event squarely brings to the forefront the vulnerability of Middle East supply.
Opinion 6 years ago
PREMIUM
Saudi oil production disruption could cost RI $3.1 billion
A disruption cutting global oil supply by more than 5 percent is not just a worst-case scenario after Saudi Arabia announced that 50 percent of its oil production capacity had gone offline after a series of drone attacks last weekend. While we are praying that a confrontation can be avoided, the disruption would be costly for Indonesia.
