Oil & Gas Industry

Is the Scorching Permian Basin About to Cool Off?

The land grab doesn’t seem to thrill investors like it once did.<p>While most of the oil industry spent the past two years trying to get back up on its …

Investing

Brazil's Petrobras loses tax income case, will appeal

BRASILIA (Reuters) - Brazil's Petróleo Brasileiro SA (SA:PETR4) said a federal court ruled against the oil firm in a 8.8 billion real (£2.1 billion) …

Brazil

Is the Scorching Permian Basin About to Cool Off?

While most of the oil industry spent the past two years trying to get back up on its feet after getting bowled over by the oil market downturn, there have been a few notable exceptions. One such place is the Permian Basin in west Texas and southeast New Mexico, which has become a hot spot for …

Stocks

Rig Count: Bottom Is Near

Baker Hughes on Friday announced that the U.S. rig count last week sank by a show-stopping 15 rigs.<p>In total, the U.S. oil rig count has declined by …

Oil

Oil Prices Mixed Amid Tensions in Iraq -- Update

Oil prices fluctuated Monday amid concerns about the potential for supply disruptions resulting from tensions in the oil-rich Kurdish region of Iraq.<p>Brent crude, the global oil benchmark, fell 0.1% to $57.70 a barrel on London's ICE Futures exchange. On the New York Mercantile Exchange, West Texas …

Oil

Brazilian court rules against Petrobras on $2.7bn tax case

A Brazilian federal court ruled against the country’s state-controlled oil company Petrobras in an R$8.8bn ($2.75bn) tax case.<p>Petrobras said in a …

Petrobras

Russia’s Anti-Fracking Social Media Focus Has Republican Congressman Upset

<b>Published on</b> October 23rd, 2017 | <i>by Nexus Media</i><p>0<p>October 23rd, 2017 by <b>Nexus Media</b><p>Originally published by <i>Nexus Media</i>.<br>By <i>Jeremy Deaton</i><p>The 2016 …

Russia

Malabu Scandal - Nigeria Allows Continued Operation of Oil Block

Vice President Yemi Osinbajo has again called for intensified global action agains corporate secrecy and hidden ownership. This comes as four senior …

Yemi Osinbajo

The Latest: IS oil production is greatly reduced since 2014

BEIRUT (AP) — The Latest on the war in Syria (all times local):<p>7:20 p.m.<p>The U.S.-led coalition in Syria says the Islamic State group's oil production has been reduced to less than $4 million per month.<p>That's from a peak of approximately $50 million per month since the coalition began operations …

Syria

Syria's largest oil field captured by US-backed forces

<b>(CNN) —</b> US-backed Kurdish and Arab forces say they have captured Syria's largest oil field from ISIS, the latest in a series of recent setbacks for the jihadists in the east of the country.<p>Laila al-Abdullah, a spokeswoman for the Syrian Democratic Forces, said that the group had "liberated" the oil …

Politics

Schlumberger Ripe For Long-Term Gains

Despite the market's reaction to earnings, Schlumberger posted strong results, with onshore North America leading the recovery in energy …

Oil

FTSE 100 weighed by losses for miners and oil producers

Oil and gas and basic materials groups led the losses for the UK benchmark on Monday morning<p>UK stocks sagged Monday, with mining shares losing ground …

Oil

Iraq asks BP to boost oil production from Kirkuk - spokesman

BAGHDAD (Reuters) - Iraqi Oil Minister Jabar al-Luaibi met with a senior BP (LON:BP) executive on Monday to discuss developing and boosting …

Oil

Constructive alternatives to shunning oil and gas

The campaign to persuade universities and similar institutions to disinvest from oil and gas companies over the issue of climate change continues. …

Climate

Putin-Trump meeting not yet planned for Asia summit: Kremlin

MOSCOW (Reuters) - Russian President Vladimir Putin's diary does not at the moment feature a bilateral meeting with U.S. President Donald Trump at an APEC summit in Vietnam next month, Kremlin spokesman Dmitry Peskov said on Monday.<p>However, Putin's timetable of bilateral meetings at the summit is …

Russia

U.S. shale drillers step back as investors urge profits over boom

U.S. shale drillers are tapping on the brakes in the wake of a growing investor revolt that’s held down company values, even as they’ve scored …

Oil

Outlook for Canadian natural gas darkens amid languishing crude prices

Oil patch spending is likely to stay flat as U.S. crude prices languish around $50 (U.S.) a barrel and the outlook for Canadian natural gas darkens.<p>Major producers are set to report financial results for the three months ended Sept. 30 this week, but the numbers are bound to be overshadowed by …

Oil

Oil Extends Gains as OPEC Says All Options Open on Re-balancing

Oil extended gains as OPEC and its allies reiterated that all options are open to rebalance the market.<p>December futures increased as much as 0.8 …

Oil

Shotts councillor hails blanket ban on fracking after long campaign against it

Tommy Cochrane has been a vocal critic of the practice and believed the practice would bring environmental damage to Shotts.<p>A Shotts councillor has …

Scottish Government

Keith Spence joins rival oil company

Oil Search non-executive director Keith Spence has resigned from the board, effective from close of business last Friday, to become chairman of rival …

Oil

Tanzania: Natural Gas Plant Project Hangs in Balance

Liquefied natural gas (LNG) plant.<p>Final investment decision on the onshore liquefied natural gas (LNG) export terminal in Lindi Region is subject to …

Oil

News Highlights: Top Energy News of the Day

Ill-Timed Uber Investment Fuels Unrest at Giant Saudi Fund<p>Saudi Arabia's state-owned Public Investment Fund is poised to become one of the world's biggest investors, but it is off to a rocky start:<p>Tesla Strikes Deal to Build Factory in China<p>Tesla has reached an agreement to set up its own …

Oil

Prospect finds new zone in Arcadia

Prospect Resources has discovered a new mineralised zone, the Basal Pegmatite (BP), within the Arcadia lithium project in Zimbabwe.

BP

ConocoPhillips Q3 Earnings Preview

ConocoPhillips reports Q3 results on October 26.<p>Watch for share buybacks, debt reduction.<p>Eagle Ford, Permian, and Bakken updates on tap with …

Business

US shale-gas fracking is on the verge on reinvention

They call it the “doghouse”. In the cramped, metal booth, a hundred feet off the ground, Minor Miller spits a pinch of Copenhagen Long Cut tobacco into a polystyrene cup.<p>His hand fidgets around the control stick but his gaze barely moves from the drilling-rig floor. There, a steel top-drive …

Oil

10 Things to Know for Monday

Your daily look at late-breaking news, upcoming events and the stories that will be talked about Monday:<p>1. WHO TOOK SYRIA'S LARGEST OIL FIELD FROM IS GROUP<p>U.S.-backed fighters captured Syria's largest oil field from the Islamic State group.<p>2. WHICH TRUMP COMMISSION IS CRITICIZED FOR LACK OF …

Bowe Bergdahl

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Our elected officials claim that public lands would be better off under state ownership. But The Tribune’s recent article about an oil company’s …

Salt Lake City

How oil exploration is adding to Mali's security woes

Mali is one of the least developed countries in the world, with nearly half the population living near the poverty line. In the past six years, the …

Oil

Oil prices rise on tightening supply, strong demand

SINGAPORE (Reuters) - Oil prices rose on Monday over supply concerns in the Middle East and as the U.S. market showed further signs of tightening …

Oil

Bangladesh signs gasoil import deal with India

DHAKA, Oct 22 (Reuters) - Bangladesh on Sunday signed a long-term sales and purchase agreement with an Indian refiner to import gasoil to meet the …

Oil