A U.S.-based biotechnology firm is…
Battery storage was the fastest-growing…
As we kick off Q1…
Russia’s Energy Minister, Alexander Novak, claimed there are no official plans to cut oil production despite seemingly contradictory information provided by his number 2 man. Novak earlier today said representatives…
BP has revealed the cost of its contracts in the second phase of its development of the offshore Shah Deniz gas and condensate field in Azerbaijan, and the expansion…
Gazprom Neft launched commercial-scale production at the Messoyakha field, the northernmost land oilfield in the world, in the Russian Arctic. The field has swallowed US$1.3 billion in investments, and…
ConocoPhillips, Husky Energy, Shell and MGM Energy are set to get exclusive, lifetime drilling rights to an area 2,485 square miles in size in the Canol shale area, located just…
The Islamic State is digging a moat around its biggest stronghold in Iraq, Mosul, in preparation for an expected attack from the Iraqi army and its U.S. partners, and…
Nigerian oil production has increased from 1.57 million barrels a day three weeks ago to 1.75 million bpd this week, according to new data released by Oil Minister Ibe…
Over 300 of Norway’s oil industry workers conducted a walk-out on Wednesday after wage negotiations failed to produce an acceptable outcome for the Industri Energi trade union, according to…
The U.S. Securities and Exchange Commission announced charges against hedge fund CEO Leon Cooperman on Thursday for insider trades conducted on the basis of non-public corporate information he had learned…
Google may be trying to lead the way on self-driving cars, but Apple is interested in getting into the self-driving and electric vehicle business, which in and of itself, is…
The highest court of Ukraine rejected a claim filed by the Russian firm Gazprom, which challenged an anti-trust ruling made by the Anti-Monopoly Committee of Ukraine (AMU) this week.…
PDVSA, the state oil company of Venezuela has awarded Schlumberger NV, Horizontal Well Drillers out of Oklahoma, and contractor Y&V from Venezuela $3.2 billion in contracts to drill wells…
Russia’s Lukoil will start commercial-scale production at the Filanovsky oilfield in the Caspian Sea before the end of the month, the company said. There are already two production wells…
The Seadelta tanker bound for Italy, has finally left the port of Ras Lanuf. This is the first export cargo of crude oil from Libya since 2014, the oil…
Brazil’s state-owned energy giant Petrobras said in a regulatory filing it will be spending US$74.1 billion over the next five years—a 25-percent reduction on the capex of US$98.4 billion…
The American Petroleum Institute reported a 7.5 million barrel draw in U.S. crude oil supplies on Tuesday, instead of the build that many expected. American crude inventories were slated…
A fire at Saudi Aramco’s oil terminal Ras Tanura injured eight workers on Tuesday morning, but oil and gas operations at the site have not been affected, the Saudi Arabian…
Over the past 12 months, U.S. drivers splurged more than US$2.1 billion on premium-grade gasoline for vehicles designed to run on regular gasoline, the American Automobile Association (AAA)
Norway’s state-owned oil company Statoil has celebrated the five-billionth barrel of crude extracted from the North Sea Statfjord field, where production began in 1979. The Norwegian company operates the…
The U.S. Department of Education said Monday that it was mulling over the idea of taking the authority to review and approve the technology for “self-driving” cars, and that…
After stalled talks with the United Arab Emirates, India is turning to Iran for 6 million barrels of crude oil as it seeks to build up its strategic reserves.…