Western trade restrictions on China's…
Aviation companies are exploring the…
Africa’s biggest oil producer, Nigeria,…
Tesla plans to build a US$5-billion car-manufacturing plant near Shanghai in China, and is weighing possibly raising part of the funds for the factory from local partners, Bloomberg reported…
Iraq’s oil ministry has ordered state-held firms to take over the development of the Mansuriyah gas field and the Nassiriya oil field, after foreign firms failed to resume work…
Shell is close to making the final investment decision on the expansion of its deepwater Bonga field in Nigeria, S&P Platts reports, citing a statement from Shell Nigeria Exploration…
The American Petroleum Institute (API) reported a crude oil inventory build of 5.59 million barrels of United States crude oil inventories for the week ending July 28, compared to analyst…
BP (NYSE:BP) announced on Tuesday the first dividend increase since the oil prices started crashing in 2014, as it quadrupled second-quarter earnings from a year ago. BP reported…
The top Asian oil importers and Iranian oil customers—China, India, Japan, and South Korea—bought in June their lowest combined volume of Iranian oil in seven months, as South Korea slashed…
U.S. President Trump is wrong to expect that Saudi Arabia and other large producers can compensate for the decline in Iranian crude oil supply resulting from the renewed U.S. sanctions…
Scotland’s oil industry is beginning to show signs of recovery after the most recent downturn, a local port authority said, with a spokeswoman noting that “We have more rigs in…
An environmental assessment of the Keystone Xl pipeline project by the State Department has concluded it will be safe for Nebraska’s water, land, and wildlife, which could probably be…
As U.S. sanctions on Iran are about to kick in later this year, Indian oil refiners reduced their orders for Iranian crude oil in June by 12 percent compared…
Rising oil prices have led to an increase in trucking of frac sand, water, oilfield equipment, pipes, and fuel in West Texas. Together with the higher truck traffic on a…
Norwegian oil and gas operator DNO ASA said on Monday that it had put a fourth well into production at the Peshkabir oil field in Iraq’s northern region of…
Oil and gas rig workers started a 12-hour strike today at platforms in the North Sea operated by Total, in the latest industrial action by the employees who are…
Tesla plans to add a new artificial intelligence feature to its vehicles, the latest from Twitter has revealed. As Electrek reports, Elon Musk broke the news in response to…
A U.S. probe into the laundering of US$1 billion from Venezuela’s state-owned oil company PDVSA has spread to the country’s president, Nicolas Maduro, the Miami Herald reports, citing unnamed…
France’s oil major Total said on Friday that it had started up oil production at the Kaombo area, which is currently the biggest deepwater development offshore Angola. Total and…
Chevron Corporation (NYSE:CVX) announced on Friday much-awaited share repurchases in its Q2 earnings release, but investors were disappointed by a miss in profits despite the fact that the U.S.…
Japanese utilities have resorted to starting up old crude oil- and fuel oil-fired power plants and ramping up the capacity of already operating oil-powered facilities as utilities try to…
ExxonMobil (NYSE:XOM) reported on Friday an 18-percent annual increase in earnings per share for the second quarter, but missed—yet again—analyst expectations, and reported its lowest production in a decade.…
Iran has started to offer India cargo insurance and tankers operated by Iranian companies as some Indian insurers have backed out of covering oil cargoes from Iran in the face…