The world is witnessing a…
A rarely used technique called…
Regional banks BOK Financial, Citizens…
Iran’s President Hassan Rouhani announced the start of phases 17-21 at its giant offshore South Pars gas field—a development stage worth $20 billion. Rouhani told media that gas output from…
OPEC officials told The Wall Street Journal last week that the bloc’s biggest members are hoping for a $60 barrel from their oil supply rebalancing efforts that are currently…
Proven reserves in Alaska’s North Slope could be tapped despite low barrel prices, increasing the United States’ footprint in international energy markets, according to a new report by MarketWatch.…
Russia will lower oil shipments to Belarus from 6 million tons to 5 million tons in the second quarter of 2017, according to a new Reuters report. Sources close…
Declining rents in the United States’ oil producing regions could be a key factor in bringing down national averages 10 years after the housing bubble burst. The housing bust that…
North Sea crude oil and condensate production will decline by 40,000 bpd next year as fewer new projects come online, according to research from ESAI Energy. Before that, however,…
Energy Transfer Partners’ $3.8-billion Dakota Access pipeline will begin carrying crude oil from the Bakken play to Illinois on May 14, the company said in a regulatory filing. The pipeline…
Crude oil production in North Dakota exceeded 1 million barrels daily in February for the first time in three months, but the increase is temporary as thaw season will prompt…
As OPEC discusses a six-month extension of the oil production cut agreement that it struck in November, Nigeria plans to continue ramping up its own output. The country, which…
Tesla CEO Elon Musk’s announcement of an upcoming electric truck caused the company’s shares to jump by three percent on Thursday, according to a new report by Reuters. "Tesla…
Regulatory filings show that ExxonMobil CEO turned U.S. Secretary of State Rex Tillerson made $27.4 million last year, according to a new report by Reuters. He, along with several other…
Gasoline prices will hover around $2.46 per gallon this summer, 23 cents higher than last summer, according to a report by the Energy Information Administration (EIA) published today. Still,…
With a daily import rate of 9.17 million barrels of crude last month, China broke its own previous record and overtook the U.S. as the largest importer of the commodity…
Chevron is pondering the sale of its 20 percent stake in the Athabasca Oil Sands venture in Canada for $2.5 billion, according to anonymous sources cited by Reuters in a…
ConocoPhillips has closed a deal to sell its assets in the San Juan Basin in the Southwestern U.S. to Hilcorp Energy Company for US$3 billion, bring its total divestment proceeds…
The Nigerian army said it had destroyed 13 illegal refineries in the Niger Delta – a small portion of the hundreds of such facilities that process crude oil stolen from…
The Wafa oilfield in the western side of Libya has reopened oil and gas pipelines to its nearby port after local elders negotiated an agreement with an armed group that…
Even with a forty percent salary cut for CEO Bob Dudley last year, the British Petroleum head remains the highest paid amongst European oil bosses, according to a new report by…
An underexplored well in Loving County is the next hot shale spot in the Permian Basin, according to a new report by The Motley Fool. Successful drills in neighboring…
The Egyptian cabinet has agreed to purchase one million barrels of oil from Iraq monthly, according to a statement by the North African nation’s Oil Minister Tareq el-Molla on Tuesday.…