Friday, July 29, 2016 India's initial plan to build-up its strategic petroleum reserves (SPR) is not shaping out to be the dramatic event that some in the market had hoped could help reignite global oil demand.
Thursday, July 28, 2016 Shale drillers flooded the US with so much natural gas over the past decade that prices slid to a 17-year low. Now it's going global, with the potential to upset markets from London to Tokyo.
Thursday, July 28, 2016 European suppliers to the oil industry, hit by their customers' spending cutbacks over the past two years, produce stronger than expected second-quarter earnings and are cautiously pointing to signs of recovery in demand.
Friday, July 29, 2016 Supercomputers that create 3-D seismic maps of BHP Billiton's oil and gas assets are accelerating work to bring new fields into production and have already notched savings of $500 million in development costs at a project in the Caribbean.
Friday, July 29, 2016 OPEC's oil output is likely in July to reach its highest in recent history, a Reuters survey finds, as Iraq pumps more and Nigeria manages to export additional crude despite militant attacks on oil installations.
Friday, July 29, 2016 Indonesia expects to start natural gas production from two deepwater fields this year and next, even as major oil companies are reviewing economics for other projects, a senior energy official says.
Thursday, July 28, 2016 Pemex adds to more than three years of losses as a cash injection from the government wasn't enough to overcome the pinch of record-low crude output, refinery upsets and a petrochemical plant explosion.
Thursday, July 28, 2016 Malaysia's SapuraKencana Petroleum secures its first engineering, procurement, construction and installation (EPCI) contract in Europe with a $126 million deal for the Trans Anatolian Natural Gas Pipeline (TANAP) project offshore Dardanelles Strait.
Thursday, July 28, 2016 Australia's Cooper Energy says the planned completion of its sale of a 55 percent stake in Tangai-Sukananti KSO in Indonesia's South Sumatra Basin has been delayed as regulatory approval has not been secured.
Friday, July 29, 2016 CNOOC Ltd., China's biggest offshore oil and gas producer, projects about $1.2 billion in first-half losses, flipping from a profit a year ago, as it took a charge on its Canadian oil sands assets.
Wednesday, July 27, 2016 China National Petroleum Corp. (CNPC) will cut its annual investment between 2016 and 2020 to about $39 billion, down around 40 percent from the 2011-2015 period, state media says.
Friday, July 29, 2016 Exxon Mobil and Chevron miss profit and production estimates as wildfires, write-downs and weak refining margins battered oil explorers already reeling under a glut-driven price collapse.
Friday, July 29, 2016 Galp Energia reaches an agreement with a consortium led by Marubeni to sell a 22.5% stake in the share capital of Galp Gas Natural Distribuicao, S.A. (GGND), for $153 million (EUR 138 million).
Tuesday, July 26, 2016 New York state's attorney general on Tuesday says his office won't comply with a subpoena issued by US congressmen for details on its probe of whether Exxon Mobil misled investors on climate change risks.
Tuesday, July 26, 2016 US Secretary of State John Kerry says he supported the resumption of bilateral talks between China and the Philippines over the South China Sea, following a ruling against Beijing over the dispute earlier this month.