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China Slams South China Sea Case As Court Set To Rule
Thursday, June 30, 2016 An international court says it would deliver a hotly anticipated ruling in the Philippines' case against China over the South China Sea on July 12, drawing an immediate rebuke from Beijing, which rejects the tribunal's jurisdiction.
Oil Heads For Best Quarter Since 2009 Amid Rebalancing
Thursday, June 30, 2016 Oil headed for the biggest quarterly advance in seven years as falling U.S. supply added to speculation the global oversupply is easing.
Enterprise Sees Plant Curbing Gulf Oil, Gas Supply Down for Days
Wednesday, June 29, 2016 An Enterprise Products Partners plant that shut after an explosion late Monday, halting flows on a major natural gas pipeline and curbing oil production in the Gulf of Mexico, is expected to remain down for at least several days.
Monitoring Device Rolled Out to Meet Electric-Powered Pump Jack Needs
Wednesday, June 29, 2016 An Internet of Things technology firm rolls out a device for remotely monitoring electric-powered pump jack wells.
BP Receives Its First Venezuelan Crude Cargo Under Swap Deal
Wednesday, June 29, 2016 BP this month receives a Venezuelan crude cargo from state-run PDVSA, according to Thomson Reuters trade flows data, the first since the companies agreed on a swap arrangement to settle pending payments for US oil shipments.
Islamic State, Political Instability Derails Libyan Oil Industry
Wednesday, June 29, 2016 Attacks on oil and gas facilities, along with political instability, are damaging Libya's oil and gas industry.
Prime Minister: EU Gas Ruling Against Bulgaria is a Heavy Blow
Wednesday, June 29, 2016 EU antitrust regulators tell Bulgaria it should sell its state-owned gas network operator Bulgartransgaz or face fines of up to $333.27 million, Bulgarian Prime Minister Boiko Borisov says.
Exxon Said to Eye Gas Deal That Could Ease Mozambique Debt
Wednesday, June 29, 2016 Exxon is considering buying stakes in natural gas discoveries off Mozambique made by Anadarko and Eni, potentially giving a tax windfall to the African nation grappling with a deepening debt crisis, two sources say.
Oil Giant CNPC Seals Plan to Restructure Oilfield Services
Wednesday, June 29, 2016 China's top energy group China National Petroleum Corp (CNPC) has approved plans to restructure its oilfield services business, the company says.
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.
Oil Erases Brexit Selloff as US Crude Supplies, Dollar Decline
Wednesday, June 29, 2016 Oil erased the two-day plunge that followed Britain's vote to leave the European Union after US crude inventories dropped for a sixth week while the dollar retreated against its peers.
Russian Deputy PM Says Steady Oil Price Warrants Tax Change
Wednesday, June 29, 2016 Russia's Deputy Prime Minister says his government is debating changes in oil taxation and he saw a need to alter the regime as oil prices are unlikely to rise sharply.
Alberta Budget Finishes 2015-16 with Wider-than-forecast $4.9B Gap
Wednesday, June 29, 2016 The Canadian crude-producing province of Alberta says it finished the 2015-16 fiscal year with a $4.93 billion (C$6.4 billion) deficit, C$324 million wider than forecast in October, as revenue fell.
Three Amigos Unveil Climate and Energy Plan, Nafta Changes
Wednesday, June 29, 2016 The US, Canada and Mexico will cut greenhouse gas emissions from the oil and gas sector, boost the development of clean power and build new cross-border transmission lines as part of a clean energy plan unveiled Wednesday.
Tullow Unlikely to Halt Ghana Oil Output Despite Damaged Ship
Wednesday, June 29, 2016 Tullow Oil is set to announce on Thursday how it will repair a ship that is a hub for its most important oil field, and is likely to recommend a fix that will allow output to continue - instead of suspending it for a year, officials say.
BLOG: Don't Expect Expat Oil, Gas Staff Increase in Libya Anytime Soon
Wednesday, June 29, 2016 With Libya's oil and gas industry currently in a fractured state, IOCs are unlikely to increase their expat recruitment drives in the country in the near future.
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.
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.
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.
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.
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.
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.
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.
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 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.
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.
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.
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.
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 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.
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|Brent Crude Oil :||$50.61/BBL||4.17%|
|Light Crude Oil :||$49.88/BBL||4.24%|
|Natural Gas :||$2.86/MMBtu||1.95%|
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