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Top 5 Risks To Oil Prices

While general sentiment suggests that…

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UK’s Green Investment Bank Sold For $2.9B

After several delays, Australian investment…

News

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Schlumberger Q1 Revenue Grows For First Time In 2 Years

Apr 21, 2017 at 16:56 | Tsvetana Paraskova

The U.S. shale revival helped Schlumberger (NYSE:SLB) report on Friday its first annual revenue growth for a quarter for the first time in more than two years, but the…

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Ithaca Energy Shareholders Approve Takeover By Israel’s Delek

Apr 21, 2017 at 14:03 | Tsvetana Paraskova

North Sea oil and gas operator Ithaca Energy said on Friday that the conditions of the cash takeover offer by Israel’s Delek Group have been satisfied and shareholders of Ithaca…

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Nigeria’s Navy Thwarts Attack On Oil Products Pipeline

Apr 21, 2017 at 13:06 | Tsvetana Paraskova

Nigeria’s navy has foiled an attempt by vandals to break a pipeline operated by the Nigerian National Petroleum Corporation (NNPC) that carries petroleum products from Atlas Cove, Lagos, to Mosimi…

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Russia Hits 250,000 Bpd Oil Production Cut Milestone

Apr 21, 2017 at 13:00 | Irina Slav

Russia has cut 250,000 bpd of its crude oil output, with another 50,000 bpd to go as per its agreement with OPEC, Energy Minister Alexander Novak told media today,…

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Pemex Is Looking For Partners In New Deepwater JV

Apr 21, 2017 at 11:26 | Irina Slav

Mexico’s energy giant Pemex is looking for partners for the development of two oil and gas-rich areas in the Gulf of Mexico, Maximino and Nobilis, unnamed sources have told

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Is Chevron’s Loss in Australian Court The Start Of Larger Tax Crackdown?

Apr 21, 2017 at 11:04 | Irina Slav

The Federal Court of Australia has twice found Chevron responsible for shifting profits from Australia to the U.S. using an intra-company loan mechanism. This latest ruling upholds an identical one…

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Will BP Be The Next Big Player To Exit The Canadian Oil Sands?

Apr 20, 2017 at 17:03 | Zainab Calcuttawala

Three Canadian oil sands projects could be losing their British Petroleum backing soon, according to anonymous sources that spoke to Reuters on Thursday. The British oil and gas company…

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Platts: India Will Not Achieve Target To Cut Oil Imports By 10%

Apr 20, 2017 at 17:03 | Tsvetana Paraskova

India will not be able to reach its target to reduce its oil imports dependence by 10 percent by 2022, S&P Global Platts analysts reckon. India’s Prime Minister Narendra Modi…

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Azerbaijan’s SOCAR Boosts Oil, Gas Output In Caspian Sea

Apr 20, 2017 at 17:03 | Tsvetana Paraskova

Azerbaijan’s state-run oil company SOCAR will produce another 43,800 tons of oil and around 3.65 million cubic meters (129 million cubic feet) of gas per year after it commissioned…

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Oman To Finally Launch Stock Sale Plan For Downstream Companies

Apr 20, 2017 at 16:54 | Irina Slav

Oman will sell stakes in state-owned oil and gas downstream companies in a bid to prop up its finances after the oil price crunch from 2014. These plans have been…

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