Crude oil prices ticked higher…
Saudi Arabia’s oil giant, in…
The air pollution problem is…
A 30-second commercial for oil by the American Petroleum Institute sparked anger on social media after last night’s Super Bowl, as its message runs counter to the environmental agenda…
The U.S. Department of Treasury has slapped new sanctions on Iran, targeting 13 individuals and as many companies, in response to an Iranian ballistic missile test just days earlier.…
The Greek private limited company Gastrade, owned by the Greek conglomerate Coupelouzos Group, has been licensed to develop a floating storage and regasification unit (FSRU), which would allow for the…
Oil majors looking to develop Abu Dhabi’s oil fields could be getting more profitable terms on their drilling contracts as part of a new governmental push to spur investment in…
Radiation levels in one part of reactor no.2 at the Fukushima Daiichi nuclear power station are the highest since the disaster in March 2011, media report, quoting the facility’s…
Russia’s central bank will keep interest rates unchanged at 10 percent, thanks to the forecast of stable economic growth. Although slow, the growth projected warrants the decision, as inflation…
UK-based independent E&P Premier Oil has reached a refinancing debt deal with its lenders that will give the troubled North Sea producer much needed breathing space, at the same time…
As part of its strategy to further cut costs and reduce debt, oilfield services company Weatherford International (NYSE:WFT) said on Thursday that it had launched another head count reduction…
Royal Dutch Shell (NYSE:RDS.A) is making “significant progress” on selling another US$5 billion worth of assets, chief financial officer Simon Henry said on Thursday after the oil supermajor…
Saudi Arabia’s Oil Minister Khalid al-Falih said Aramco will publish annual financial figures before its listing next year. The statement is the latest in a string of news regarding…
The Republican-dominated House of Representatives yesterday moved to repeal a rule that requires oil companies to report on their payments to foreign governments, including taxes and royalties from their…
A Ukrainian military plane has reportedly made two low passes over Russian oil rigs in the Black Sea, with Russia calling the incident a clear provocation, and Ukraine claiming that…
Although the volume of global oil and gas transactions dropped last year, the deals’ total value rose to US$395 billion from US$340 billion in 2015, thanks to megadeals in the…
Toshiba is preparing to put an end to its nuclear power plant construction business as part of damage control measures following a huge write-off on its U.S. nuclear operations. This…
Saudi Arabia may increase its investments in refining and distribution in the U.S. under the new pro-oil Administration, Saudi Oil Minister Khalid al-Falih said in an interview with the…
India is exempting foreign companies from income tax when they sell oil locally at the end of a contract for strategic storage with the government, under the 2017-18 budget proposals…
The shares of oil refining company CVR Energy have almost doubled in value since the U.S. presidential elections, with a major boost for the stock coming from the naming…
Ever since OPEC announced their production cuts the markets have hit irrational exuberance without examining the factors for why oil isn’t rising anywhere near pre-crash levels. Moreover, there are eleven…
Lebanon will place all future oil revenues in a sovereign wealth fund (SWF) to invest in development projects, President Michel Aoun said, referring to hoped-for oil wealth as the country…
In a change of trade patterns, the United States booked a surplus in its trade of crude oil and refined products with Latin America for the first time since records…