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Thursday, 28 February 2019 05:06

US Offers Oil from Emergency Reserve

The U.S. Energy Department said on Thursday it is offering up to five million barrels of sweet crude oil from…
Thursday, 28 February 2019 02:35

CNPC to Develop New Shale Oilfield

China's state-owned CNPC has started developing a new offshore shale oilfield near the Bohai Rim Basin, the company said via…
Wednesday, 27 February 2019 14:46

Oil, Gas Majors Join Blockchain Consortium

A group of seven major oil and gas companies, including ExxonMobil Corp., Chevron Corp. and ConocoPhillips, announced a partnership to…
Wednesday, 27 February 2019 02:25

Oil Gains as OPEC Sticks to Supply Cuts

OPEC cuts expected to remain despite Trump pressure. Separately, oil supported by unexpected drop in U.S. inventories. File Image: CREDIT…
Wednesday, 27 February 2019 02:01

Chesapeake Beats Street, Predicts Higher Output

Chesapeake Energy Corp's quarterly profit beat analysts' estimates on Wednesday and the company said it expects to produce more crude…
Tuesday, 26 February 2019 03:02

Oil Edges Up Despite Trump's OPEC Pressure

U.S. crude inventories seen up for sixth week; prices helped by OPEC cuts, U.S. sanctions. File Image: CREDIT AdobeStock /…
BP Chief Executive Bob Dudley described the United States' high-pace shale oil sector as a "market without a brain" that,…
Monday, 25 February 2019 17:41

RockRose Energy Acquires Marathon Oil

U.K.-based oil and gas firm RockRose Energy has signed a share purchase agreement to acquire 100% of Marathon Oil UK…
Monday, 25 February 2019 09:37

Trump Warns Saudi Arabia on Oil Prices

U.S. President Donald Trump has warned OPEC not to tighten the oil market too much and risk another spike in…
Sunday, 24 February 2019 14:42

Oil and Gas Projects to Triple in 2019

A surge in final investment decisions (FIDs) this year on new petroleum projects worldwide could see sanctioned volumes of oil…