Chinese leader Xi Jinping's upcoming…
The total number of active…
Despite Congress passing new sanctions…
Qatar is running out of sand needed for the construction of facilities for the 2022 World Cup due to the months-long Gulf blockade against Doha, according to new reports emerging…
The ministerial committee overseeing the implementation of the OPEC output reduction agreement recommended its extension on Wednesday, just one day before the bloc’s official summit in Vienna. The agreement…
The Nigerian National Petroleum Corporation (NNPC) is aiming to strike up to US$5 billion worth of cash-for-crude prepayment deals with some of the biggest global oil traders, in a bid…
Chinese crude oil purchases from the United States jumped by 77.3 percent from September to average 208,000 bpd in October, helping the U.S. to become China’s ninth largest crude…
A panel has rejected a project for the construction of an oil terminal at the port of Vancouver in the state of Washington on the grounds that the companies…
Alberta’s economy is grower faster than projected due to strong growth in oil markets over the course of 2017, according to a new report by Bloomberg. The four-percent growth…
U.S. oil producers have hedged almost 900,000 barrels of future crude at prices of US$50-60 a barrel, which will likely allow them to continue growing production whatever OPEC decides to…
The American Petroleum Institute (API) reported a build of 1.821 million barrels of United States crude oil inventories for week ending November 24, against analyst forecasts for an inventory drawdown…
Exxon Mobil inaugurated the Hebron field in Canada’s Newfoundland this week, just as OPEC gears up to announce extended cuts at its quarterly conference in Vienna at the end of…
Royal Dutch Shell should be investigated for its alleged complicity in abuses of human rights in Nigeria’s military suppressing protests in the oil-rich Niger Delta in the 1990s, Amnesty International…
Enbridge (TSX, NYSE:ENB), Canada’s largest pipeline company, has reached an agreement with the State of Michigan on its Line 5 pipelines, which run in a tunnel under the St. Clair River, between…
The proposed sale of billions of dollars worth of oil and gas stocks held by Norway’s huge wealth fund will take years to be completed, if approved, chief executive…
Royal Dutch Shell is canceling its scrip dividend program effective this quarter, in a sign that it has really left the worst consequences of the oil price crash behind…
Samsung is adding graphene to its lithium batteries to make them last longer and charge faster, according to emerging reports. The Samsung Advanced Institute of Technology (SAIT) created “graphene…
The existing Keystone pipeline leaks more often and more oil than TransCanada Corp predicted in communications to regulators and lawmakers during approval hearings, according to a report by Reuters.…
Saudi Aramco will enter more petrochemical projects to boost its downstream business after it signed a preliminary $20-billion joint venture agreement for a crude oil-to-chemicals complex in Saudi Arabia, Aramco’s…
Iraq invited on Monday foreign firms to bid to develop nine new oil and gas blocks in border regions and offshore as OPEC’s second-largest producer wants to increase its…
Scientists and industry in the United Kingdom are joining forces to build a commercial scale facility capable of transforming biomass into next-generation solid fuels with coal-like properties. This would be…
Chinese oil corporation CNPC has shown interest in developing the giant Majnoon oil field in Iraq, Reuters reported on Monday, citing two Iraqi oil officials, in what may become…
The giant Libra field in Brazil’s presalt zone has started producing oil, French Total said today, without providing details about the production rate at the field. The floating production,…