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The latest oil and gas news from around the world.
Updated: 2 hours 13 min ago

Oil Down After Report American Stockpiles Growing

Wed, 01/15/2020 - 08:00
Oil traded near a six-week low after a report indicated American crude stockpiles increased.

New Gas Finds Creating Opportunity in West Africa

Wed, 01/15/2020 - 08:00
It is expected that many of the gas discoveries will help displace oil as a source of more sustainable fuel in the regional mix.

Oil Prices Rebound Slightly

Tue, 01/14/2020 - 08:00
After trending downward for a week, WTI and Brent crude oil prices finished higher Tuesday.

Experts Insist Permian Output is Approaching a Peak

Tue, 01/14/2020 - 08:00
Over the past five years, has the industry and its investors mistaken a massive structural change for a simple cyclical event?

New Enterprise Plant Begins Service at Mont Belvieu

Tue, 01/14/2020 - 08:00
Enterprise Products Partners reported that its new iBDH plant east of Houston recent began service and that volumes should continue ramping up in the next two weeks.

Encana Investors Approve US Move

Tue, 01/14/2020 - 08:00
Encana Corp. won investors approval to relocate to the U.S. and change its name to Ovintiv, a plan that has dented morale in Canada's beleaguered energy industry.

SBM's First Completed Fast4Ward FPSO Hull Docks in Singapore

Tue, 01/14/2020 - 08:00
SBM Offshore’s first completed FPSO hull using the Fast4Ward approach has arrived at the Keppel yard in Singapore. (PHOTO Source: SBM Offshore)

Saudi and UAE Service Firms Form Alliance

Tue, 01/14/2020 - 08:00
TAQA and AMPS seek to penetrate the Saudi hydraulic fracturing market.

Rosenberg Says Energy Shares are Downright Cheap

Tue, 01/14/2020 - 08:00
Energy stocks are cheap among S&P 500 peers, and there's already plenty of bad news baked into the sector, according to David Rosenberg.

Lekoil Sinks After Falling Victim to Alleged Scam

Tue, 01/14/2020 - 08:00
Lekoil sank to a record low in London trading after falling victim to an alleged scam.

Total Moves London Cash-Management Team to Paris

Tue, 01/14/2020 - 08:00
Total is relocating a key part of its finance operation from London to Paris less than a month before Britain leaves the European Union.

Ex-Equinor Project Director Joins OKEA

Tue, 01/14/2020 - 08:00
OKEA ASA revealed Monday that Knut Gjertsen has been appointed as the company's senior vice president of project and technology.

CNOOC Budgets Capex of Up To $13.7B in 2020

Tue, 01/14/2020 - 08:00
CNOOC Limited's total capital expenditure for 2020 is budgeted at $12.31 billion to $13.76 billion, the company has revealed.

Is Chevron's $11B Write-Down an Oilpatch Warning?

Tue, 01/14/2020 - 08:00
Current market conditions are resulting in many US fracking projects failing to break even.

Texas Pipeline Group Keeps DCP Exec as Chair

Mon, 01/13/2020 - 08:00
DCP Midstream President Don Baldridge has been reelected chairman of the Texas Pipeline Association, the trade group reported Monday.

Oil Prices Fall Again

Mon, 01/13/2020 - 08:00
WTI and Brent finished lower for the fifth consecutive trading day Monday.

Florida LNG Developer Awards Turnkey Contract

Mon, 01/13/2020 - 08:00
Here is a rendering of the Jacksonville LNG Export Facility. IMAGE SOURCE: Business Wire

OPEC+ Focus on Oil Cuts Unmoved by Unrest

Mon, 01/13/2020 - 08:00
Saudi Arabia's Energy Minister said that OPEC and its allies remain focused on using production cuts to reduce oil inventories to normal levels.

SapuraOMV Achieves First Gas from Larak Field Offshore Malaysia

Mon, 01/13/2020 - 08:00
SapuraOMV Upstream has achieved within budget first production from its Larak gas field offshore Malaysia under the SK408 Production Sharing Contract (PSC).

Is the US Shale Boom Really Slowing Down?

Mon, 01/13/2020 - 08:00
If oil prices can stick above $65 or $70, US shale can get the proverbial "shot in the arm" to better its finances.

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