China's announcement of a modest…
The U.S. government is investing…
New research from Goehring and…
The giant Kazakh Tengiz oilfield—home to an estimated 9 billion barrels of recoverable oil—is set to get a major boost with plans by Chevron Corp. and partners to invest another…
Iran has awarded a contract worth more than US$1 billion to a Russian shipbuilder for the construction of five offshore drilling rigs to be used in Iran’s section…
A climate change activist could become a member on Exxon Mobil’s board of directors after the company adopted a measure on Wednesday that would allow minority shareholders…
Between 50 percent and 75 percent of Alberta’s new carbon tax will be passed onto the consumer, thanks to new legislation passed on Tuesday, but some of the…
Total announced, in a strategy paper on Tuesday, that it aims to have renewable energy make up 20 percent of its portfolio by 2035. The company said…
UK shale stocks are up as much as 25 percent on the local government’s approval of the first fracking permit in five years, and analyst predictions that fracking…
Official U.S. crude oil inventory data released on Wednesday morning confirms a significant drop in stockpiles, showing a drawdown of 4.2 million barrels from the previous week. “At…
Chesapeake Energy Corp. has agreed to pay nearly US$53 million dollars to settle a suit over unpaid royalties in north Texas, according to Oklahoma state media reports.…
Oil hit close to $50 per barrel overnight, riding high on preliminary inventory data that showed an over 5-million-barrel dip in crude stockpiles and reaching a 7-month high.…
U.S. crude oil supplies fell by 5.1 million barrels for the week ending in May 20th, causing the largest inventory draw since December 2015, according to American Petroleum…
The oil market has “turned a corner” and Brent oil barrel prices will increase to $50 in the third quarter of 2016, “if not earlier”, according to…
Iraq is now producing around 4.5 million barrels per day, up from April but below its record of 4.78 million bpd in January this year, while power outages…
Riding high on a series of major discoveries and what appears to be renewed investor interest in Egypt’s energy sector, the Oil Ministry is now targeting a 30-percent…
French Total SA (NYSE: TOT) says it would reconsider its investment plans in France, according to CEO Patrick Pouyanne. Patrick Pouyanne, speaking outside the annual shareholders meeting…
French police have successfully liberated a critical fuel depot that was under blockade from union protestors in an effort to remedy fuel shortages across the country after…
Following a deal to temporarily bandage a power-sharing dispute while Libya works towards installing a government of national accord, the reopening of the eastern Hariga port has allowed…
In a 7-4 vote, Councilors of the county of North Yorkshire approved industrial tests on Monday in a move that will allow fracking in Britain for the first…
A federal indictment made public on Monday alleges that Morris Zukerman, founder of the investment firm M.E. Zukerman & Co., evaded US$45 million in taxes owed to the…
In an act of “fiscal discipline,” Argentine President Mauricio Macri vetoed a bill on Monday that would have delayed layoffs in the public and private sectors, according to…
Iran plans to ramp up oil production over the course of 2016, and there is no chance of the country joining any output freeze, Iranian Deputy Oil Minister Rokneddin Javadi…