Qatar is preparing to issue a tender for energy firms seeking a stake in its gas expansion project, drawing interest from long-standing partners as well as newcomers.
A survey by DNV GL also indicated that more energy companies were preparing for a long-term shift to cleaner energy sources.
The head of the world’s largest oilfield service company believes market conditions will improve this year after a rough start.
OPEC expects demand for the cartel’s crude in 2019 at almost 1 million barrels a day (MMbbl/d) less than last year as supply is expected to outweigh demand.
Schlumberger, a bellwether for the oilfield services sector, said recent volatility in crude prices has led to more uncertainty in the spending outlook for oil and gas producers.
Shell Upstream Director Andy Brown is stepping down after 35 years at the Anglo-Dutch company. His replacement, Wael Sawan, currently heads Shell's deepwater operations.
For the week ahead, Stratas Advisors expect Brent to average $61.
New Fortress Energy is looking to capitalize on a growing supply-demand gap by developing LNG assets particularly in areas with significant “stranded” natural gas reserves.
Ophir Energy rejected Indonesian oil and gas group Medco Energi's potential takeover offer, saying it "undervalues" the British oil and gas company.
Despite no apparent progress, hopes abound that the U.S. and China will resolve their trade war.