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The latest oil and gas news from around the world.
Updated: 2 hours 8 min ago

Delek Group Appoints New CEO

Thu, 11/28/2019 - 08:00
Delek Group appoints Idan Wallace as its new chief executive officer.

Oil Down as US Inventories Rise and HK Bill Signed

Thu, 11/28/2019 - 08:00
Oil fell for a second day after U.S. crude production rose to a record and President Trump signed a bill into law expressing support for the Hong Kong protesters.

Oil Drops as US Inventories Rise

Wed, 11/27/2019 - 08:00
Oil sinks as production hits a record high and refinery demand slips, pushing stockpiles higher across the nation.

US Rig Count Dips Slightly

Wed, 11/27/2019 - 08:00
The U.S. saw a net decrease of one rig this week.

Explosion at Texas Chemical Plant Causes Injuries, Shuts Waterway

Wed, 11/27/2019 - 08:00
An explosion at a chemical plant near Texas' Gulf Coast injured three people early Wednesday and led to the shutdown of a waterway connecting oil refineries to the Gulf Coast.

Exxon Makes Gulf Coast Services Deal with Worley

Wed, 11/27/2019 - 08:00
Exxon Mobil Global Services Co. has entered into an enabling agreement with Worley.

Libyan Fighting Flares Near Key Oil Field

Wed, 11/27/2019 - 08:00
Fighting flared around the El Feel oil field in southwestern Libya.

Texas Wildcatters Scoff at Growth Predictions

Wed, 11/27/2019 - 08:00
Texas wildcatters are now saying global analysts are underestimating just how severe the industry's slowdown is.

Finance Expert Elected to Exxon Board

Wed, 11/27/2019 - 08:00
Exxon Mobil Corporation revealed Tuesday that Joseph L. Hooley has been elected to the company's board of directors.

Cairn Exits Norway

Wed, 11/27/2019 - 08:00
Cairn Energy plc has entered into an agreement to sell the entire share capital of Capricorn Norge AS, the company's wholly owned subsidiary in Norway.

Oil Steady as Stockpile Data Offsets Trade Deal Hope

Wed, 11/27/2019 - 08:00
Oil steadied as an industry report showing an increase in U.S. crude stockpiles offset optimism that a limited trade deal is getting closer.

Oil Prices Finish Higher

Tue, 11/26/2019 - 08:00
WTI and Brent crude oil posted gains for the third consecutive trading day.

Brazil Terminal Project Advances

Tue, 11/26/2019 - 08:00
Construction is set to start next year on a greenfield private terminal in Itapemirim, Brazil.

Unpaid Bills in Mexico Oil Patch Add to Pemex Troubles

Tue, 11/26/2019 - 08:00
Pemex, facing pressure from the government to slow spending, has delayed some payments to contractors for as long as seven months.

Equinor Moving Away From Frontier Exploration in Norway's Arctic

Tue, 11/26/2019 - 08:00
That means drilling near existing discoveries such as Johan Castberg and Wisting rather than riskier but potentially more rewarding targets.

Qatar Targeting 64 Percent Jump in LNG Capacity

Tue, 11/26/2019 - 08:00
Qatar will expand its LNG capacity to 126 million tons a year thanks to gas from a newly explored section of the planet's largest field.

Exxon Awards Valaris 21-well GOM Contract

Tue, 11/26/2019 - 08:00
Offshore drilling contractor Valaris plc reported late Monday that it has won a 21-well contract with ExxonMobil Corp.

US on its Way to Energy Independence

Tue, 11/26/2019 - 08:00
The US will have a primary energy surplus by first quarter 2020, according to Rystad Energy.

Sludgy Crude Oil Gets Surprising Price Boost

Tue, 11/26/2019 - 08:00
One of the world's sludgiest crudes is getting a curious price boost just weeks before the introduction of ship-fuel rules that were expected to sap demand for heavier oil.

Pemex Comms Still Spotty After Cyberattack

Tue, 11/26/2019 - 08:00
Some of Pemex's communication systems are still affected two weeks after a cyberattack hit Mexico's beleaguered state oil firm.

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