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Updated: 2 hours 13 min ago

Aramco Loses a Third of Initial IPO Rally

Thu, 12/19/2019 - 08:00
Aramco's shares have reversed more than a third of their initial rally.

Canadian Crude-by-Rail Shipments to Spike

Thu, 12/19/2019 - 08:00
Crude-by-rail capacity in Alberta is expected to grow by 100,000 barrels a day in December.

BP in Drive to Improve Plastic Recycling

Thu, 12/19/2019 - 08:00
BP Plc is the latest oil giant to announce it would join forces with companies across the plastic value chain to speed up efforts to improve recycling technology.

PTTEP Sets $24B Investment Budget

Thu, 12/19/2019 - 08:00
PTTEP has set an investment budget of $24.61 billion from 2020 to 2024.

Oil Trader Vitol Sues US

Thu, 12/19/2019 - 08:00
A subsidiary of Vitol Group is demanding that the U.S. government return more than $52 million in fuel taxes.

Chevron Makes $292MM PEAH Deal

Thu, 12/19/2019 - 08:00
Chevron signs a conditional share sale agreement to acquire all shares and equity interests of Puma Energy (Australia) Holdings Pty Ltd for $292 million.

Oil Rally Stutters as Traders Weigh Mixed Signs

Thu, 12/19/2019 - 08:00
Oil hovered near $61 a barrel for a second day after capping its longest streak of gains in almost two months.

Oil Prices Mixed at Midweek

Wed, 12/18/2019 - 08:00
After moving upward in tandem for four trading days straight, West Texas Intermediate (WTI) posted a slight loss Wednesday while the Brent continued its ascent.

Offshore Canada Drilling Clears Hurdle

Wed, 12/18/2019 - 08:00
CNOOC International's proposed Flemish Pass Exploration Drilling Project offshore Newfoundland and Labrador can proceed.

Mexico's Growing Fuel Market Just Got Less Competitive

Wed, 12/18/2019 - 08:00
Two rules designed to facilitate private investment in the energy sector were rolled back this week.

Devon Energy Sells Barnett Shale Assets for $770MM

Wed, 12/18/2019 - 08:00
Devon Energy Corp. has agreed to sell its Barnett Shale assets to Banpu Kalnin Ventures for $770 million.

US Concedes Defeat on Nord Stream 2 Project

Wed, 12/18/2019 - 08:00
The U.S. has little leverage to prevent the Nord Stream 2 gas pipeline project between Russia and Germany from being completed, two administration officials said.

Blackstone to Snag Tallgrass with Beefed Up Bid

Wed, 12/18/2019 - 08:00
U.S. pipeline operator Tallgrass Energy, LP has entered into a definitive merger agreement under which Blackstone Infrastructure Partners will acquire all of Tallgrass' remaining shares.

$100 Oil Still Crux of Some Service Company Business Models

Wed, 12/18/2019 - 08:00
Although crude prices have never returned to triple-digit territory since 2014, Deloitte contends that many oilfield services companies still rely on a business model built for $100 oil.

Aramco Falls Below $2T

Wed, 12/18/2019 - 08:00
Shares in Saudi Aramco dropped for a second day in a row.

API Encourages US and China to Reach Final Deal

Wed, 12/18/2019 - 08:00
The American Petroleum Institute has welcomed progress on U.S.-China trade but encouraged both sides to reach a final deal lifting all tariffs.

Aramco Closes $1.2B Hyundai Oilbank Deal

Wed, 12/18/2019 - 08:00
Aramco completes the acquisition of 17 percent of Hyundai Oilbank for approximately $1.2 billion.

US Energy Sec Shrugs Off Permian Oil Slowdown

Wed, 12/18/2019 - 08:00
The golden age of U.S. shale is far from over, with an expected slowdown in the Permian Basin likely to be temporary, according to the new U.S. Energy Secretary.

Oil Down as Report Shows US Stockpiles Swelling

Wed, 12/18/2019 - 08:00
Oil snapped a four-day gain after an industry report showed a large build in U.S. crude and gasoline stockpiles, reviving demand concerns.

Oil Prices Keep Climbing

Tue, 12/17/2019 - 08:00
The WTI and Brent crude oil benchmarks settled higher for the fourth straight trading day.

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