Tuesday, September 27, 2016 Industry group UK Oil and Gas has slashed its estimate of Britain's existing oil and gas reserves by a third, saying weak oil prices have made it less likely that some resources will ever be retrieved.
Monday, September 26, 2016 Oil advanced as Saudi Arabia's offer to cut output opened the door to a future OPEC deal, though the kingdom doesn't expect an agreement when members of the group meet this week.
Monday, September 26, 2016 Saudi Arabia, the world's biggest oil exporter, has offered to cut its output to January levels, Algeria's energy minister says as he prepares to host a meeting of OPEC producers later this week.
Thursday, September 22, 2016 Papua New Guinea is backing a new greenfield liquefied natural gas facility led by France's Total SA in addition to an expansion of the existing $19 billion Exxon Mobil Corp. PNG LNG project.
Monday, September 26, 2016 Saudi Aramco continues to look at several overseas exchanges including New York, Hong Kong and London for a listing in 2018 of a part of the state-owned oil company, CEO Amin Nasser says.
Monday, September 26, 2016 Malaysian lenders are bracing for a hit to profits this year as they bump up provisions for sour loans to the local oil and gas services sector that has been battered by the slump in energy prices and cutbacks in projects.
Monday, September 26, 2016 Lamprell plc secures a new contract from Jacktel AS for the upgrade of the Haven mobile operating unit as an accommodation service vessel for Statoil's Johan Sverdrup field, offshore Norway.
Friday, September 23, 2016 Indonesia's removal of taxes on oil and gas explorers is a good first step, but more is needed to lure investment from companies that have cut budgets and laid off staff after a precipitous plunge in prices, industry analysts say.
Monday, September 19, 2016 OPEC may convene an extraordinary meeting if the group's ministers reach a consensus on oil markets at an informal gathering next week in Algiers, Secretary General Mohammed Barkindo says.
Friday, September 16, 2016 New York Attorney General's probe into Exxon includes scrutiny of why it didn't write down the value of oil fields during a global collapse in prices that prompted billions in write-offs by rival drillers.
Friday, September 16, 2016 Japan's government has no plan to invest in state-run oil firm Saudi Aramco's planned initial public offering, an adviser to Japanese Prime Minister Shinzo Abe said on Friday.