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Category :Oil & Gas

Saudi Aramco buys 7.4% stake in Norwegian software firm Cognite

Global Business Magazine February 2, 2022

Saudi Aramco (2222.SE) has bought a 7.4% stake in Norwegian industrial software group Cognite from oil firm Aker BP (AKRBP.OL), Cognite said Read More

Business Economy Oil & Gas World

Oil climbs toward 7-year highs on U.S. stock draw, eyes on OPEC+ move

Global Business Magazine February 2, 2022

Oil prices climbed on Wednesday toward last week's seven-year highs as a draw in U.S. crude stocks confirmed strong demand and Read More

Business Economy News Oil & Gas World

Oil forward curves signal tight market, supporting price rally

Global Business Magazine January 31, 2022

The risk of geopolitical disruption to oil supply at a time of already tight inventories due to the strong post-pandemic recovery has Read More

Oil & Gas Featured World

US oil major Chevron’s profits surge in Q4 of 2021

Global Business Magazine January 31, 2022

Aided by surging crude oil prices globally, Chevron Corporation (NYSE: CVX) reported earnings of $5.1 billion ($2.63 per share - diluted) for Q4 of 2021, Read More

Business News Oil & Gas Regional

EXCLUSIVE Qatar could reroute some gas to Europe with U.S. mediation – source

Global Business Magazine January 27, 2022

Qatar will need help from the United States to persuade Doha's natural gas buyers to reroute some supplies to Europe in case Read More

Business News Oil & Gas Regional

Oil rises on elevated geopolitical risks in Europe and Middle East

Global Business Magazine January 24, 2022

Oil prices rose on Monday on worries about supply disruption amid concerns about Russia-Ukraine discord and rising tensions in the Middle East, Read More

Oil & Gas Economy Featured

OPEC+, IEA Forecast Robust Growth In Demand For Oil In 2022

Global Business Magazine January 24, 2022

The Organisation of Petroleum Exporting Countries (OPEC) and non-members of the group expects the demand for oil to continue this year despite Read More

Oil & Gas Business News World

EDF is planning over 5GW of renewable energy for Saudi Arabia and the UAE

Global Business Magazine January 24, 2022

EDF, the French power company, aims to build at least 5 gigawatts of renewable power generation in Saudi Arabia and the United Arab Read More

Economy Featured Oil & Gas

Omicron Threat Notwithstanding, Demand For Global Oil Looks Up In 2022

Global Business Magazine January 21, 2022

Oil is about to record its fourth consecutive week of gains, and expectations are still to continue rising thanks to supply constraints Read More

Business Economy News Oil & Gas World

Exclusive: Chesapeake Energy nears $2.4 bln deal to buy Chief Oil & Gas -sources

Global Business Magazine January 20, 2022

Chesapeake Energy Corp (CHK.O) is in advanced talks to acquire privately owned natural gas producer Chief Oil & Gas for around $2.4 billion, Read More