Private equity firms and money…
The U.S. biofuel industry is…
Despite facing existential threats like…
Oilfield services company Seventy Seven Energy Inc. (SSEI) became the next victim of the chronic oil price downturn on Tuesday, when it filed for a prepackaged Chapter…
The United States Energy Information Administration upped its forecasts of average crude oil prices by $1 a barrel and $3 for 2016 and 2017, respectively, on Tuesday, in…
Twelve people, including seven Turkish officers, have perished in a bombing that targeted a police car in the central district of Istanbul, Oilprice.com sources on the ground have…
Isabel dos Santos—the richest woman in Africa, the Angolan president’s daughter and now the CEO of the country’s state-run oil giant—on Monday said she plans to overhaul the…
Royal Dutch Shell announced this morning that it could be vacating up to 10 countries this year, as it moves to divest up to 10 percent of its…
The District of Columbia Retirement Board is the latest body to move toward divestment from oil and natural gas, prompting a warning from the American Petroleum Institute…
The OPEC Reference Basket (ORB) of 13 crude oils was up to US$46 per barrel on Monday, for a US$0.27 increase over last Friday’s price of US$45.73,…
Iraqi forces liberated the Fallujah natural gas plant held by the Islamic State on Monday, according to local news reports that cited an anonymous security source in…
A group of thirty members of the France’s General Confederation of Labor demonstrating against proposed labor reforms have blockaded two of Total’s refineries from the inside, recent idea…
A Turkish company has agreed to a $4.2 billion deal to build seven natural gas plants in Iran as the host country recovers from a severe recession caused by international sanctions.…
Oil futures briefly lost gains after US Federal Reserve statements on a potential interest-rate increase, but they bounced back to close Monday at a 10-month high. At…
Eni has written down the value of the Goliat oil field in the Arctic by $807 million, according to Norwegian media reports. The online newspaper EDGAR.NO reported…
The United States Supreme Court declined to hear an appeal lodged by the government of Ecuador that contested a $96 million arbitration settlement awarded to the American…
The Israeli Energy Ministry has said that the supergiant Leviathan offshore gas field may be 20 percent smaller than its developers, US-based Noble Energy and Israeli partner Delek…
Even as Saudi Arabia vies for market share with a post-sanctions Iran, the Kingdom has raised oil pricing for Asian and U.S. customers, but dropped prices for Europe…
In an attempt to boost its balance sheet amid depressed oil prices, U.S. oil and gas company Devon Energy will sell off over US$1 billion in prime assets.…
Ominous signs are emerging in one of the world’s most well-endowed mining nations, where a newly-elected president may be setting up for a major battle with foreign minerals firms. The…
Attacks late last week in the Niger Delta have put an additional 65,000 barrels per day of oil offline from Italian Eni’s Agip Oil company, according to
American billionaire Warren Buffett, through his Nebraska-based company Berkshire Hathaway Inc. (NYSE: BRK-A), further increased his stake in Phillips 66 (PSX) by 537,968 shares, adding to Berkshire Hathaway’s…
Even as the American economy grew by 38,000 jobs last month, the nation's mining sector lost just over 10,000 jobs in the month of May, according to…