Charles is a writer for Oilprice.com
Royal Dutch Shell plc (NYSE:RDS.A) is divesting US$40 billion in non-core assets in its attempt to cut capital expenditures and raise cash in a desperate…
The U.S. Supreme Court will not hear an appeal by ExxonMobil to overturn a $236-million verdict against the company for decade-old water contamination charges in…
Texas-based Range Resources has reportedly agreed to buy its smaller rival, Memorial Resource Development Corp., in an all-stock deal valued at U.S. $3.3 billion. According…
The oil discharge of more than 2,000 oil barrels from an underwater pipe operated by Shell in the Gulf of Mexico is unlikely to contaminate…
The Gulf states of Bahrain, Oman and the world’s largest oil producer, Saudi Arabia, have seen had their credit ratings downgraded by Moody’s as low…
Low oil prices continue to take a toll on oil producers in the Middle East. The latest sign of trouble comes from Moody’s Investors Service,…
A former Scottish minister alleges in a new book that the UK Government was desperate enough for Libyan oil to have sought to trade a…
The Islamic State (ISIS) has claimed responsibility for a Sunday assault on a natural gas plant in the Iraqi capital, Baghdad, in which at least…
Six Saudi officials are believed to have actively supported al-Qaida members in the run-up to the 9/11 attacks on America, former 9/11 Commission member and…
Baker Hughes published the latest oil rig count today—and although not surprising, the news that the oil rig count fell for the eighth straight week…
Canadian oil and gas producer Encana is reportedly planning to sell off more major shale assets in western Canada, after the company reported earlier this…
Iraq has now overtaken Saudi Arabia in crude oil exports to India, shipping some 960,700 barrels per day (bpd) to India in April, against Saudi…
A day after issuing an ultimatum to oil companies in the Niger Delta to cease operations or face more attacks, Nigerian media are reporting that…
Royal Dutch Shell has shut down four wells feeding into an underwater pipeline in the Gulf of Mexico off the state of Louisiana following a…
The Bill and Melinda Gates Foundation has divested all its holdings in British oil giant BP, Plc, selling off its massive $186-million stake. According to…
The Niger Delta Avengers (NDA), the group behind the string of attacks that have halted major operations in the oil-rich Niger Delta, have issued a…
As the fire continues to rage, now moving to more sparsely populated areas, oil sands producers who saw some 1.3 million barrels per day taken…
On Thursday, the U.S. EPA is set to unveil the final regulations on methane emissions from oil and gas wells, the first of its kind.…
Linn Energy and Penn Virginian Corp. joined the ranks of bankrupted energy companies, both filing for Chapter 11 bankruptcy as perpetual low oil prices continue…
Brazilian President Dilma Rousseff has been suspended from office following a senate vote to initiate her impeachment trial on corruption allegations that lead back to…