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API Names New Chairman
Thursday, January 23, 2020 Phillips 66 Chairman and CEO Greg Garland will serve as chairman of the API's board of directors for a two-year term.
Alarm Over Virus Pushing Down Oil
Thursday, January 23, 2020 Oil extended declines from the lowest close in seven weeks on speculation China's coronavirus outbreak may dent demand as the market tackles a glut of global crude supplies.
Oil Chiefs at Davos Debate Tougher CO2 Cuts
Wednesday, January 22, 2020 The bosses of some of the world's biggest oil companies discussed adopting much more ambitious carbon targets at a closed-door meeting in Davos on Wednesday.
Oil Down as Virus Concern Seen Countering Disruptions
Wednesday, January 22, 2020 Oil declined as Goldman Sachs Group said demand concerns over a potential coronavirus epidemic would counter fears of supply disruptions in OPEC producers Libya, Iran and Iraq.
Energy Chiefs Tout CO2 Capture
Tuesday, January 21, 2020 Capturing carbon dioxide from the fossil-fuel industry is key to slowing dangerous global warming, energy chiefs said in Davos.
US Calls for Immediate Resumption of Libya Oil Output
Tuesday, January 21, 2020 The U.S. embassy in Libya called Tuesday for an immediate resumption of oil production.
Oil Slides on Plentiful Supply
Tuesday, January 21, 2020 Oil fell below $65 a barrel as ample global supplies offset the loss of exports from Libya.
Evolution Well Services Inks 2-Year Electric Frac Deal
Monday, January 20, 2020 Evolution Well Services has landed a 24-month deal providing electric fracking services to an unnamed onshore oil and gas producer beginning this quarter.
Saipem to Test Plastic Recycling Tech
Monday, January 20, 2020 Saipem reported Monday that it has signed a license agreement to test a new technology for the disposal and reuse of plastics.
Libya Oil Production Plunges
Monday, January 20, 2020 Libya's eastern warlord kept virtually all of the nation's oil fields shut in a show of defiance after world leaders failed to persuade him to sign a peace deal.
Oil Up After Unrest Hits Key OPEC Producers
Monday, January 20, 2020 Oil jumped back above $65 a barrel as supply disruptions in Iraq and Libya reignited concerns over the market's vulnerability to geopolitical risk in key production regions.
Trans Mountain Oil Pipeline Wins Legal Battle
Friday, January 17, 2020 PM Justin Trudeau's bid to complete the Trans Mountain oil pipeline won a major victory Thursday as Canada's top court rejected an appeal brought by British Columbia aimed at challenging the project.
Oil Companies Face Serious Decisions on Iraq
Friday, January 17, 2020 Many oil and gas companies face serious decisions regarding their short and mid-term plans in Iraq, according to Rystad Energy.
Microsoft to Invest $1B to Help Reduce Carbon Footprint
Thursday, January 16, 2020 Microsoft unveiled plans to invest $1 billion to back companies and organizations working on technologies to remove or reduce carbon from the earth's atmosphere.
OGA Says Social License to Operate Under Threat
Thursday, January 16, 2020 The chairman of the UK's Oil and Gas Authority said the oil and gas industry's social license to operate is under serious threat.
Heavy Crude Freezing Solid in Western Canada
Thursday, January 16, 2020 Temperatures of -30 degrees Celsius and lower have descended on Alberta and Saskatchewan - cold enough to render the region's viscous oil rock solid.
Keystone XL Inches Forward
Wednesday, January 15, 2020 TC Energy Corp. plans to begin pre-construction work on the Keystone XL oil pipeline next month, moving the long-delayed project forward even as opponents continue to fight it in court.
Fire Incident at SSGP
Monday, January 13, 2020 Petronas announced Monday that a pipe rupture and a fire incident occurred at the Sabah-Sarawak Gas Pipeline.
Oil Steady on Easing Gulf Tension
Monday, January 13, 2020 Oil was steady after the biggest weekly drop since July as an easing of geopolitical tension in the Middle East turned attention back to a flood of new supply set to hit the market this year.
Oil Down as US-Iran War Fears Recede
Friday, January 10, 2020 Oil headed for its first weekly loss since November as fears over a U.S.-Iranian war receded, easing concern of a potential supply disruption in the Middle East.
Oil at Pre-Attack Levels Amid Supply Risk Appraisal
Thursday, January 09, 2020 Oil steadied as investors weighed the risk of further escalation in the conflict between the U.S. and Iran that has so far spared production and exports from the Middle East.
$20B Fund Keeps Equinor Blacklisted
Wednesday, January 08, 2020 Equinor just unveiled its most ambitious climate plan yet, but it isn't enough to get Norway's biggest oil company off the exclusion list of a major Danish pension fund.
Oil Shippers Raise Offers for Middle East Route
Wednesday, January 08, 2020 Owners of oil tankers are boosting their rates to haul crude on a key route from the Middle East as risks in the Gulf escalate.
Oil Hits $70+ After Iran Attacks US-Iraqi Bases
Wednesday, January 08, 2020 Oil prices jumped back above $70 a barrel after Iran attacked two U.S.-Iraqi bases in its first response to the killing of its top general.
Hormuz Oil Flow Disruption Efforts Very Likely
Wednesday, January 08, 2020 Continued efforts to disrupt the flow of oil through the Strait of Hormuz are very likely, according to Verisk Maplecroft.
Chevron Pulls Workers Out of KRI
Tuesday, January 07, 2020 Chevron's expatriate employees and contractors have left the Kurdistan Region of Iraq for the time being as a precautionary measure.
Oil Buyers Fear Iraqi Supply Hit
Tuesday, January 07, 2020 Oil buyers in Asia are increasingly wary that Iraq's entanglement in the worsening dispute between the U.S. and Iran could disrupt shipments from one of their key Middle East suppliers.
Oil Lobby Takes on Democrat Climate Plans
Tuesday, January 07, 2020 The oil industry's top lobbying group on Tuesday is launching a campaign to counter attacks from 2020 Democratic hopefuls vowing to phase out fossil fuels.
War Least Desirable Outcome for US and Iran
Tuesday, January 07, 2020 Fitch Solutions believes full scale war is the least desirable outcome for both the United States and Iran.
Oil Down on Uninterrupted Mideast Supplies
Tuesday, January 07, 2020 Oil retreated after its dramatic start to the year as the uninterrupted flow of Middle East supplies tempered fears over the fallout from the U.S. airstrike that killed a top Iranian general.
Goldman Says Oil Rally Likely Shortlived
Monday, January 06, 2020 An actual disruption to global crude supplies is needed to keep prices at current levels, according to Goldman Sachs Group Inc.
Equinor Launches New Near Zero Emissions Goal
Monday, January 06, 2020 Equinor has launched a new goal to reduce the absolute greenhouse gas emissions from its operated offshore fields and onshore plants in Norway by 40 percent by 2030, 70 percent by 2040 and to near zero by 2050.
Saudi Aramco Faces Tough Test
Monday, January 06, 2020 Few could have expected the stock to face so stern a test less than a month after the company's historic $25.6 billion initial offering.
Oil Hits $70 as Supply Disruption Fear Deepens
Monday, January 06, 2020 Oil extended its dramatic surge above $70 a barrel as the fallout between the U.S. and Iran escalated after the assassination of one of the Islamic Republic's most powerful generals.
Oil Options Get More Bullish
Friday, January 03, 2020 Oil options markets turned more bullish Friday as traders weighed the possibility of reprisals after the U.S. killed a top Iranian general.
Iran Will Take Revenge for Killing
Friday, January 03, 2020 The President of the Islamic Republic of Iran revealed Friday that his country 'will take revenge' after the killing of General Soleimani.
Oil Up After US Strike Kills Top Iran General
Friday, January 03, 2020 Oil jumped close to $70 a barrel after a U.S. airstrike ordered by President Donald Trump killed a top Iranian general in Iraq.
European Gas Prices Fall
Tuesday, December 31, 2019 European gas and power prices extended declines after a last-gasp accord between Russia and Ukraine on natural gas flows averted a winter supply crisis.
Sailors Kidnapped from Greek Tanker
Tuesday, December 31, 2019 Five Greeks, two Filipinos and a Ukrainian were abducted by unidentified assailants from the Greek-flagged tanker 'Happy Lady'.
Hedge Funds Stay Bullish on Oil
Monday, December 30, 2019 Hedge funds are approaching the end of the year more optimistic on global oil prices than they've been since May.
Kidnapped SPO Crew Released
Thursday, December 26, 2019 SPO revealed that the seven crew members of the Pacific Warden who were said to have been taken by attackers in November offshore Equatorial Guinea have been released.
Leviathan Delays Start of Commercial Operations
Tuesday, December 24, 2019 The launch of production at Israel's Leviathan natural gas field has been delayed pending permits from the Ministry of Environmental Protection.
Permian Gas Problem Getting Worse
Tuesday, December 24, 2019 America's top shale field is becoming increasingly gassy as drilling slows down.
Hamm Invites Warren on Tour of Shale Heartland
Friday, December 20, 2019 Billionaire wildcatter Harold Hamm invited Elizabeth Warren to the Oklahoma oil patch as the U.S. Democratic presidential candidate proposes a ban on fracking if elected.
SLB Makes GHG Emission Reduction Commitment
Friday, December 20, 2019 Schlumberger has committed to setting a 'science-based' target to reduce its greenhouse gas emissions.
Leviathan Gas Venture Hits a Road Block
Thursday, December 19, 2019 Delek and Houston-based Noble were planning to start pumping gas to the local market within the coming days.
BP in Drive to Improve Plastic Recycling
Thursday, December 19, 2019 BP Plc is the latest oil giant to announce it would join forces with companies across the plastic value chain to speed up efforts to improve recycling technology.
US Concedes Defeat on Nord Stream 2 Project
Wednesday, December 18, 2019 The U.S. has little leverage to prevent the Nord Stream 2 gas pipeline project between Russia and Germany from being completed, two administration officials said.
Oil Tanker Attacked in West Africa
Monday, December 16, 2019 An oil tanker was attacked on Sunday in West Africa's Gulf of Guinea and most of its crew were kidnapped.
New Equinor Deals Cover 500+ Jobs
Monday, December 16, 2019 Equinor has awarded new framework agreements for safety and automation systems to five suppliers.