Subscribe to Oil News Feed - Home Page feed Oil News Feed - Home Page
The latest oil and gas news from around the world.
Updated: 2 hours 8 min ago

Range Resources Closes Houston Office, Lays Off Staff

Wed, 11/13/2019 - 08:00
U.S. natural gas producer Range Resources Corporation will be closing its Houston office, resulting in the layoffs of 50 Houston employees.

Oil, Gas Boys Club of CEOs Sees Woman Join Its Ranks

Wed, 11/13/2019 - 08:00
The male-dominated club of oil and gas chief executives just received a new female member.

Canadian Gas Drillers Hone In on Plan for FLNG Project

Wed, 11/13/2019 - 08:00
Rockies LNG Partners, a group of Canadian natural gas drillers seeking new markets for their production, is considering building an export project on barges floating off the coast of British Columbia.

Halcon Posts Net Loss in 3Q Earnings

Wed, 11/13/2019 - 08:00
Houston-based Halcon Resources Corporation reported a net loss of $63.3 million (40 cents per share) in the third quarter.

Oilfield Hired Hands Seek CFO Heft to Sustain Downturn

Wed, 11/13/2019 - 08:00
The hired hands of the oil patch are demanding a tighter rein from the CFO suite in order to survive lower oil prices.

Oxy Forms Permian JV with Ecopetrol

Wed, 11/13/2019 - 08:00
Occidental has closed its previously announced Permian Basin joint venture with Colombia-based Ecopetrol S.A.

Baker Hughes Signs Long-Term Saudi Arabia Contracts

Wed, 11/13/2019 - 08:00
Baker Hughes broke ground Wednesday on its first manufacturing site in Saudi Arabia. PHOTO SOURCE: Sadara

New Ship-Fuel Rules Could Aid Struggling Asian Oil Refiners

Wed, 11/13/2019 - 08:00
A surge in diesel demand next year following a shake-up to ship-fuel rules is forecast to boost Asian refiner profit margins.

Oil Demand to Hit Plateau Around 2030

Wed, 11/13/2019 - 08:00
Global oil demand will hit a plateau around 2030, the International Energy Agency predicts.

Tullow Falls Most in 21 Years

Wed, 11/13/2019 - 08:00
Tullow Oil Plc fell the most in two decades in London trading after saying it's reassessing the commercial viability of discoveries in Guyana.

TechnipFMC Announces Intent to Sell Vessel

Wed, 11/13/2019 - 08:00
TechnipFMC has announced its intent to sell the G1201 vessel.

Schlumberger Wants to Increase Emirati Workforce

Wed, 11/13/2019 - 08:00
Schlumberger plans to recruit, and invest in the training of, UAE nationals through participation in ADNOC's In-Country Value Program.

Oil Down After Trump Damps Trade-Deal Optimism

Wed, 11/13/2019 - 08:00
Oil fell for a third day as President Donald Trump failed to provide any fresh details on trade negotiations with China.

Oil Majors' Carbon, Portfolio Changes Offer Long-Term Positives

Wed, 11/13/2019 - 08:00
Both BP and Royal Dutch Shell recently shared downbeat financials but their long-term objectives are a silver lining.

Oil Prices Edge Downward Amid Ongoing 'Distraction'

Tue, 11/12/2019 - 08:00
West Texas Intermediate (WTI) and Brent oil futures posted slight losses during Tuesday's trading.

Pemex Faces Payment Problems After Cyber Attack

Tue, 11/12/2019 - 08:00
A ransomware attack that hit Mexico's Petroleos Mexicanos is disrupting the company's billing systems.

Honeywell Wins Contract for Pioneering Kuwait Project

Tue, 11/12/2019 - 08:00
Pictured, from left, are Honeywell's Kuwait President Rachad Abdallah and KIPIC Acting CEO Hatem Al-Awadi. PHOTO SOURCE: Honeywell Process Solutions

Repsol Turns to Alberta for Mexican, Venezuelan Oil Replacement

Tue, 11/12/2019 - 08:00
Repsol is looking as far away as Western Canada for oil for its European refineries amid dwindling supplies from Mexico and Venezuela.

Offshore Oil to Peak in 2020, Then Slow Down

Tue, 11/12/2019 - 08:00
Offshore oil production is expected to hit a peak in 2020 before joining the shale industry in a slowdown that could dramatically rewrite market supply predictions.

ADNOC Makes LNG Supply Deals with BP and Total

Tue, 11/12/2019 - 08:00
ADNOC called its new LNG supply agreements with BP and Total 'milestones.' PHOTO SOURCE: ADNOC

Pages