Tuesday, October 06, 2015 Saudi Aramco hires Deutsche Bank to advise on the potential acquisition of some marketing, retail and refining assets from CNPC, according to people with knowledge of the matter.
Tuesday, October 06, 2015 Global oil demand will grow by the most in 6 years in 2016 while non-OPEC supply stalls, according to a monthly US energy report that suggests a surplus of crude is easing more quickly than expected.
Wednesday, October 07, 2015 As Brazil prepares for its first sale of oil exploration rights in 2 years, the auction is shaping up to be a mini-referendum on the willingness of investors to bet on the future of an industry.
Tuesday, October 06, 2015 The volume estimated in the new study is small, compared to previous USGS estimates of conventionally trapped recoverable oil in the Monterey Formation in the San Joaquin Basin.
Monday, October 05, 2015 As Canada's oil patch grapples with a price shock, pipeline delays and rising tax rates, the federal election could add another barrier to recovery by reining in a key incentive for development of new wells.
Friday, October 02, 2015 Crude prices erase early losses to rise by 1% or more after a report showing the fifth weekly decline in the US oil rig count renewed the debate over falling production in the world's top oil consumer.
Wednesday, October 07, 2015 Production from the Statoil-operated Aasta Hansteen gas field offshore Norway could start in 2018, later than previously planned, according to the Norway's Oil and Energy Ministry.
Tuesday, October 06, 2015 Independent Resources and Nostra Terra Oil & Gas Company reach an agreement with TransGlobe Energy Corporation to acquire a 50% non-company operated interest in the East Ghazalat concession in Egypt.
Wednesday, October 07, 2015 AGR Energy Holdings Limited issues a non-binding letter of intent to acquire $20 million worth of Tethys shares, following the withdrawal of Nostrum Oil & Gas plc's offer to acquire the entire issued share capital of Tethys.
Tuesday, October 06, 2015 Petrobras, struggling with the biggest debt load among global oil firms, cuts $11 billion from capital spending plans for this year and next as Brazil's currency and oil prices slump.
Tuesday, September 15, 2015 SapuraKencana Petroleum's revenue rises 22.9 percent gain in the second quarter that ended July 31 to $762 million, but profit after tax falls 61.1 percent to $28 million due to provision for impairment of its oil and gas assets.
Wednesday, October 07, 2015 Oilfield services firm Wood Group wins a multi-million dollar contract by Bechtel to supply equipment to Tengizchevroil's Crude Storage Capacity Project at the Tengiz Field in Kazakhstan.
Tuesday, October 06, 2015 An official at Nigeria's Economic and Financial Crimes Commission says that the co-chairman of local oil firm Atlantic Energy has been arrested over corruption and money laundering charges.