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Updated: 22 min 59 sec ago

Wison Wins Contract for Texas LNG Project

Fri, 04/09/2021 - 16:52
GLBP will provide LNG marine fuel to vessels at three ports in Texas' Galveston Bay.

$370MM West Africa Contract Goes to Maersk Drilling

Fri, 04/09/2021 - 16:50
The contract secures the Maersk Venturer drillship for an estimated four years. PHOTO SOURCE: Maersk Drilling

WTI Edges Downward

Fri, 04/09/2021 - 05:43
Oil closed lower, yet its underlying market structure firmed.

Atlantic Faces Another Wild Hurricane Season

Fri, 04/09/2021 - 00:28
The Atlantic hurricane season is poised to be another wild one, with forecasters predicting an above-average 17 named storms sweeping out of the basin.

Europe Gasoline Rockets

Thu, 04/08/2021 - 21:21
As Europeans drive less, the price they're paying for gasoline to power their cars is moving higher as the continent's oil refineries boost exports - but make less - of the fuel.

Biden Plan Targets Fossil Fuel Subsidies Worth $35B

Thu, 04/08/2021 - 18:49
President Joe Biden's plan to eliminate subsidies claimed by oil and gas companies and raise levies on corporate polluters would increase government receipts by $35 billion over the coming decade.

India Prepares to Buy Iran Oil Once Sanctions Eased

Thu, 04/08/2021 - 18:27
India's state-run oil refiners are ready to snap up Iranian crude the moment U.S. sanctions are eased, according to a government official.

Scottish Oil Startup Expanding

Thu, 04/08/2021 - 18:19
Aberdeenshire based startup Legasea has announced that it has begun 2021 with its strongest quarter to date and revealed that expansion is underway at the company.

Halliburton and Optime Subsea Form Global Alliance

Thu, 04/08/2021 - 17:20
Halliburton Company (NYSE: HAL) and Optime Subsea have announced that they have formed a global strategic alliance.

Petrofac Agrees $700MM Facility Extensions

Thu, 04/08/2021 - 17:02
Petrofac announced Wednesday that it has extended $700 million of its banking facilities, at its request, with the unanimous support of lenders.

Oil Prices Close Higher As USA Reopening Intensifies

Thu, 04/08/2021 - 04:39
Oil edged higher alongside broader markets as reopening efforts gained traction in the United States.

Mexico Official Claims Fuel Retailers Are Pocketing Subsidies

Thu, 04/08/2021 - 00:58
Mexico is proposing changes to the country's fuel laws and will review permits issued to retailers.

Oman Is Said to Study Strategic Options for OQ

Thu, 04/08/2021 - 00:41
Oman is studying options for state energy company OQ SAOC, including a potential initial public offering, as the Persian Gulf sultanate seeks to shore up its finances, people with knowledge of the matter said.

Shale Giant Praises OPEC

Wed, 04/07/2021 - 22:26
Occidental Petroleum Corp. praised OPEC and its allies for managing crude markets out of last year's historic crash.

Maersk Drilling Nets Shell Deal

Wed, 04/07/2021 - 19:01
Maersk Drilling has secured a contract with Shell Malaysia for the Maersk Viking drillship to drill four development wells at the Gumusut-Kakap project offshore Malaysia.

Shell to Make First Oil Output Profit Since Pandemic

Wed, 04/07/2021 - 18:25
Royal Dutch Shell Plc said it expects to make the first profit from pumping oil since the start of the pandemic.

Chevron Signs LNG Deal with Hokkaido Gas

Wed, 04/07/2021 - 18:17
Chevron Corporation (NYSE: CVX) signs a deal with Hokkaido Gas Co., Ltd. for the delivery of liquefied natural gas.

Eni Makes New Light Oil Find

Wed, 04/07/2021 - 17:17
Eni (NYSE: E) has announced that it has made a new light oil discovery in Block 15/06 in Angola's deep offshore.

EIA Raises Oil Price Forecasts Again

Wed, 04/07/2021 - 16:58
The U.S. Energy Information Administration has again raised its Brent and West Texas Intermediate oil price forecasts for both 2021 and 2022.

Oil Holds as Traders Assess Vaccines and Demand

Wed, 04/07/2021 - 16:43
Oil held a gain above $59 a barrel as prospects for faster, vaccine-aided economic growth boosted the outlook for energy demand.