China has emerged as a…
Crude oil prices inched lower…
Despite multi-year low natural gas…
The Dakota Access Pipeline will begin pumping oil from North Dakota later this month, but the companies constructing the project said that efforts had been made in recent weeks…
The American Petroleum Institute (API) reported a build of 4.529 million barrels in United States crude oil inventories against expert predictions that domestic supplies would see only a 2-million-barrel…
Russia remained the world’s largest oil producer in January, according to new statistics from the Russian Federal State Statistics Service (Rosstat) on Tuesday. The country’s daily output averaged 10.764…
Saudi Arabia’s state oil giant Saudi Aramco is planning to issue around $2 billion worth of bonds as early as the second quarter this year, in its first bond sale…
WTI crude oil prices were down again Monday, even as news that OPEC was considering extending production cuts reached markets. For a change, prices didn’t reflect the news of possible…
Italy’s oil and gas major Eni SpA said on Tuesday that it had signed an agreement with Russia’s gas giant Gazprom to jointly analyze the prospects for cooperation in…
Chevron’s plan to sell its non-operated interests in oilfields offshore China for up to $1 billion has been stalled since the U.S. major has not received good enough bids,
The oil price slump has shifted the trend in new project investments towards smaller projects with faster returns and away from mega projects, and Chevron is unlikely to sanction another…
Japanese oil refiners are worrying that China’s new fuel standards that are driving higher output will ultimately result in a deadly loss of market share for the Japanese firms.
A pipeline that will carry crude oil from the coast of Myanmar to southwest China is nearing its start as the two countries settle their differences regarding the terms of…
Saudi Arabia has cut crude oil exports by 3.8 percent in January in accordance with the deal the country negotiated between members of the Organization of Petroleum Exporting Countries, Bloomberg…
North Dakota Governor Doug Borgum seeks federal reimbursement as a potential means of recovering the $38-million cost of policing and cleaning up after protestors who demonstrated against the Dakota…
Newly created Norwegian drilling contractor Borr Drilling said on Monday that it had signed a deal to acquire the entire fleet of 15 high-specification jack-up rigs of Transocean for…
Royal Dutch Shell said on Monday that it had applied to the UK Listing Authority and the London Stock Exchange for the listing of 47,791,678 A ordinary shares that…
Italy’s Financial Security Committee has approved a $5.6-billion (5.2-billion-euro) loan from Intesa SanPaolo to Glencore and the Qatar Investment Authority for the acquisition of a 19.5-percent stake in Rosneft.…
According to Reuters, on Saturday, rebels loyal to former South Sudanese vice president, Riek Machar, kidnapped four workers of DAR Petroleum Operating Company, whose holders include China National…
Thailand’s state-owned oil and gas company PTT is seeking investment opportunities for its $11 billion in cash and marketable securities to make up for the decline in oil and gas…
China’s Sinopec is the last bidder left in the race to buy a majority interest in Chevron’s South African assets worth $1 billion, Reuters reported on Friday, citing two…
Total signed a preliminary deal for the project last year, and today stated its intentions in a regulatory filing with the U.S. Securities and Exchange Commission (SEC). The move makes…
The government of war-torn famine-stricken South Sudan is using at least half of its revenues from oil sales to acquire weapons, despite the dramatic political, economic and humanitarian crises in…