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Russell: China's Robust Crude Oil Imports Mask Changing Fuel Dynamics
Wednesday, June 29, 2016 China is a bigger concern for crude oil and products markets than the current worries about the British vote to leave the European Union.
Empty Houses And Jobless Maids: Indonesia's Expat Exodus Gathers Pace
Tuesday, June 28, 2016 Foreign workers are leaving Indonesia at an increasing rate due to the slump in commodity prices that has forced resource firms to slash jobs even as the government introduced tighter regulations on expatriates in Southeast Asia's biggest economy.
Meet the Students Changing the World with Shell Ideas360
Tuesday, June 28, 2016 Five student teams from around the world meet this week in London in the latest stage of their quest to win the Shell Ideas360 innovation competition.
Pressure Mounts on G20 for Fossil Fuel Subsidies Deadline
Tuesday, June 28, 2016 Energy ministers from the Group of 20 major economies meeting in Beijing this week come under a three-pronged attack over their failure to agree a deadline for the phasing out of subsidies on fossil fuels.
Fire at Mississippi gas plant halts US Gulf Coast platforms
Tuesday, June 28, 2016 At least two offshore oil platforms halt operations in the US Gulf of Mexico after a fire at a natural gas processing plant in Mississippi shut a crucial pipeline that brings output onshore, several companies say.
Study: Mid-Market Oil, Gas Companies Face Long Road to Recovery
Tuesday, June 28, 2016 Mid-market oil and gas companies will take time to recover from the recent downturn in oil and gas prices, a recent BDO study finds.
Union Warns Statoil Not to Scale Back Agreements
Tuesday, June 28, 2016 Norwegian oil major Statoil must halt attempts to scale back existing labor agreements if it wants to prevent a strike that would hit output from July 2, a trade union says.
Nomura's Kwan Sees Big Data Among Game Changers in Oil, Gas Industry
Tuesday, June 28, 2016 Nomura's senior analyst Gordon Kwan sees big data and internet of things (IoT) as potential game changes in the oil and gas business.
Investors Seek Ruling Against Petrobras in Corruption Lawsuit
Tuesday, June 28, 2016 Investors suing Brazil's state-run oil firm Petrobras to recoup billions of dollars in losses argued that the arrests and plea deals of top company executives prove that it knew of a massive bribery and political kickback scheme.
Modi's $27B Oil Quest Gives Services Firms A Lifeline
Tuesday, June 28, 2016 India is offering global oilfield service providers starved of new contracts a $27 billion lifeline as the government's ambition to cut fuel imports drives fresh investment.
Oil Jumps 3% on Post-Brexit Bargain Hunting, Norway Strike
Tuesday, June 28, 2016 Oil prices settle up 3 percent or more with investors buying back into the market after a two-day rout triggered by Britain's vote to leave the European Union.
Explosion At Gas Plant in Mississippi, US
Tuesday, June 28, 2016 There has been an explosion at a gas plant located at 6800 Stennis Blvd in Mississippi, according to a statement on FaceBook from the Pascagoula Police Department.
Venezuela's Oil Output Decline Accelerates as Drillers Go Unpaid
Tuesday, June 28, 2016 Venezuela's oil output, already the lowest since 2009, is set to slide further this year as contractors scale back drilling after the cash-strapped country fell more than $1 billion behind in payments.
Iran Oil Chief Shakes Up Oil Firm in Bid to Strike Pre-election Deals
Monday, June 27, 2016 Oil minister Bijan Zanganeh hands the running of Iran's national oil company to a trusted ally in a push to agree long-awaited deals with global oil majors, which could be derailed by next year's presidential polls.
Oil Caps Biggest Two-Day Loss Since February on Brexit Fallout
Monday, June 27, 2016 Oil caps the biggest two-day drop since February as futures remain volatile after the UK last week voted to leave the European Union.
Can Oil, Gas Workers Find Resilience through Sector Switching?
Monday, June 27, 2016 Being open to opportunities outside of upstream may be key to staying employed in the oil and gas industry during the downturn.
Norwegian Unions Say 755 Oil, Gas Workers Could Strike
Monday, June 27, 2016 About 755 Norwegian workers on seven oil and gas fields could go on strike, hitting output from western Europe's top producer, if a new wage deal is not agreed before a Friday deadline, trade unions say.
Oil Investor Zukerman Pleads Guilty in Tax Evasion Case
Monday, June 27, 2016 Oil-industry investor Morris Zukerman admitted to evading tens of millions of dollars in taxes, pleading guilty to federal charges that could send him to prison for more than seven years.
Rosneft's Sechin Says China Ties Boosted With New Deals, Routes
Monday, June 27, 2016 Rosneft, the state-run producer that has helped turn Russia into the top oil supplier to China, aims to secure its hold by reaching out to new clients and establishing new delivery routes amid toughening competition and stretched infrastructure.
Russia's Novak May Miss Meeting With Saudi's Falih At G20
Monday, June 27, 2016 Russian Energy Minister Alexander Novak may miss the G20 energy ministers meeting in China, scheduled for June 28-30.
Argentina Oil, Gas Workers Call 20-hour Wage Strike
Monday, June 27, 2016 Some 24,000 Argentine oil workers hold a 20-hour work stoppage on Monday over wage demands, the workers' labor union says, warning there may be further strikes if there is no agreement for a new salary contract.
Brexit Will Make 'Little Difference' to Crude Oil Markets
Monday, June 27, 2016 The UK's decision to leave the European Union will make "little difference" to the crude oil markets, according to a brief research note from FirstEnergy.
BLOG:Throwing in the Towel? Some Oil, Gas Workers Choose to Leave Industry
Monday, June 27, 2016 Two years into the oil and gas downturn, displaced workers become weary of few job opportunities and explore other options.
Germany Imposes Limits on Fracking
Friday, June 24, 2016 Germany imposed limits on fracking on Friday, dealing a blow to efforts to develop shale gas.
Technip Says London Still Natural HQ of TechnipFMC Despite Brexit Vote
Friday, June 24, 2016 French oil services company Technip says there was no reason for Britain's exit from the European Union to impact its merger with FMC Technologies, including plans for London to be the legal headquarters of the new group.
Oil Prices Plunge 5% as Britain Votes to Leave EU
Friday, June 24, 2016 Oil prices settled 5 percent lower on Friday after Britain's vote to leave the EU spurred massive risk aversion and a rally in safe havens like the US dollar.
Oil Glut Is Fading Where You Would Least Expect: Saudi Arabia
Friday, June 24, 2016 Saudi Arabia, a country nearly synonymous with plentiful crude supplies, is offering one of the strongest signs yet that the glut that has plagued the oil market since 2014 is coming to an end.
Brexit: Adverse Impact for UK's Oil, Gas Industry Unlikely
Friday, June 24, 2016 The UK voting to leave the EU is unlikely to have a major adverse impact on its oil and gas sector, but the industry calls on clear leadership from the country's government to minimise uncertainty.
US Oil Drillers Cut Rigs After 3 Weeks of Additions
Friday, June 24, 2016 US oil drillers cut rigs this week for a 20th week this year after three weeks of additions, according to Baker Hughes' report Friday.
FirstEnergy Expects Crude Oil Price to Hit $70 in 2018
Thursday, June 23, 2016 Crude oil prices will rebound towards $70 per barrel in 2018, according to oil and gas analysts at FirstEnergy.
Colombia's Ecopetrol Offers 20 Blocks in Auction Launch
Thursday, June 23, 2016 Colombia's state oil company Ecopetrol offers 20 oil and gas blocks for auction, part of a company plan to cut back amid low global crude prices.
The Keys To Managing Employee Engagement
Thursday, June 23, 2016 Experts in the oil and gas industry share ways to identify and effectively manage employee engagement.
Maersk Chairman Says Company Could Be Split Up
Thursday, June 23, 2016 A. P. Moller-Maersk's chairman says the Danish shipping and oil conglomerate could be split up in several companies.
Canada Oil Output to Fall This Year on Wildfires, Low Prices
Thursday, June 23, 2016 Canadian oil output is forecast to decline this year for the first time since 2009 after a wildfire in northern Alberta curtailed more than one million barrels a day for a month and low commodity prices hit producers.
Canada Oil Output to Jump 28% by 2030, Transport An Issue
Thursday, June 23, 2016 Oil output from Canada's vast reserves is set to outpace infrastructure to bring that crude to market in coming years, the Canadian Association of Petroleum Producers (CAPP) says.
Oil Ends Higher in Choppy Trade Ahead of Britain's EU Vote
Thursday, June 23, 2016 Oil prices closed 2 percent higher after a volatile session on Thursday, with investors less worried about prospects for the global economy after the last pre-vote opinion polls showed Britain was likely to remain in the European Union.
BP's Dudley Sees Oil Markets Balancing With $50 Crude This Year
Thursday, June 23, 2016 Rising petroleum demand in China, North America and Europe will help bring global oil markets into balance this year, BP CEO Bob Dudley said.
SPA: Saudi Prince Talks Oil Markets With US
Thursday, June 23, 2016 Saudi Arabia's Deputy Crown Prince Mohammed bin Salman discussed global oil market conditions and efforts to maintain its stability with U.S. Energy Secretary Ernest Moniz, state news agency SPA reports.
World's 2nd-Biggest Sovereign Fund Sees Oil Glut Until Mid-2017
Thursday, June 23, 2016 The global oil glut will probably persist until at least next summer as markets take time to absorb excess crude in storage, according to the head of research at the world's second-largest sovereign wealth fund.
Penn West CEO Criticizes Alberta's Stricter Energy Assets Sale Rules
Thursday, June 23, 2016 Tough new rules from Alberta's energy regulator that determine which companies are deemed strong enough to buy assets are off the mark in terms of fairness and transparency, Penn West Petroleum Ltd's chief executive says.
Significant Gaps Between Men, Women on Corporate Boards
Wednesday, June 22, 2016 New data from Catalyst shows large disparity still exists between men and women on boards of directors.
President Warns Oil Fall Leaves Angola Short of Foreign Reserves
Wednesday, June 22, 2016 Angola is running short of foreign reserves to pay for imports because its national oil firm has not contributed to state coffers since January, President Jose Eduardo dos Santos says.
From Engineer To Sommelier: Calgary's Laid-off Oil Workers Try Plan B
Wednesday, June 22, 2016 Alejandro Rodriguez wants to be a sommelier. His previous experience: 20 years as an oil reservoir engineer.
Niger Delta Attacks Threaten West African Production, Power Supply
Wednesday, June 22, 2016 Attacks on oil and gas production sites in the Niger Delta are threatening both production volumes and power supply of West African countries.
US Court Sets Aside Obama Administration Fracking Rules for Public Lands
Wednesday, June 22, 2016 A federal judge in Wyoming has set aside new regulations for hydraulic fracturing on public lands that were vehemently opposed by oil and gas producers.
Canadian Oil Asset Deals Seen Hurt by Surprise Alberta Ruling
Wednesday, June 22, 2016 A sudden regulatory shift threatens to curb Canadian energy asset deals, just as producers and creditors look to unload properties two years into a crude market downturn.
Oil Ends Lower After Small US Drawdown; Choppy Ahead of Brexit Vote
Wednesday, June 22, 2016 Oil prices settled down more than 1 percent on Wednesday after a smaller-than-expected US inventory drawdown and amid jitters ahead of a vote on whether Britain should stay in the European Union.
OPEC Says Its Oil Revenue Plunges $438 Billion to 10-Year Low
Wednesday, June 22, 2016 OPEC says its oil revenue plunged by $438 billion to a 10-year low last year, as an increase in export volumes failed to compensate for the collapse in prices.
BLOG: Will NDA Militants Agree to Peace Deal with Nigerian Government?
Wednesday, June 22, 2016 Recent media reports suggest that the Niger Delta Avengers are on the brink of agreeing a ceasefire deal with the government, but how accurate are they?
Brexit Just One of Many Risks for Oil Prices
Wednesday, June 22, 2016 Regardless of whether Britain votes to leave the EU on Thursday, oil investors are likely to stay focused on how to counter the risk of further price slides.
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|Brent Crude Oil :||$48.58/BBL||3.01%|
|Light Crude Oil :||$47.85/BBL||3.28%|
|Natural Gas :||$2.917/MMBtu||7.63%|
|Updated in last 24 hours|