BP reaches US$18.7 billion settlement over deadly 2010 spillJuly 3, 2015 // 2 CommentsBP Plc will pay up to US$18.7 billion in penalties to the U.S. government and five states to resolve nearly all claims from [...]
Oil prices stabilise amid oversupply pressuresJuly 3, 2015 // 4 CommentsNEW YORK – Oil prices were little changed on Thursday (Jul 2), a day after precipitous falls, as traders worried about [...]
US oil settles up US$1.14, or 2%, at US$59.47 a barrelJuly 2, 2015 // 0 CommentsOil prices bounced from three-week lows in choppy trade on Tuesday as investors awaited a Greek debt default. U.S. crude [...]
Shell goes ahead with giant Gulf of Mexico field after cost cutsJuly 2, 2015 // 2 CommentsRoyal Dutch Shell has given the green light for the development of its largest platform in the Gulf of Mexico after making [...]
Arctic oil rig departs Seattle-area port despite protestJuly 1, 2015 // 5 CommentsSEATTLE – U.S. Coast Guard and police boats cleared a way through protesters in kayaks at a Seattle-area port on [...]
U.S. Rig Count Up for the First Time in Twenty Nine WeeksJune 30, 2015 // 3 CommentsIn its weekly release, Houston-based oilfield services’ company Baker Hughes Inc. (BHI – Analyst Report) reported a [...]
Rebels Recapture South Sudan’s Oil Hub MalakalJune 30, 2015 // 3 CommentsRebels in South Sudan recaptured the oil-pumping hub of Malakal, a setback to the embattled government’s effort to [...]
Malaysia, Ina record total trade of RM13.98b in Q1June 30, 2015 // 2 CommentsKUCHING – Malaysia and Indonesia recorded total trade amounting to RM13.98 billion in the first quarter of this year, [...]
Argentina judge orders asset seizure of Falklands oil firmsJune 29, 2015 // 1 CommentA federal judge in Argentina has ordered the seizure of assets of five companies drilling for oil in the Falkland Islands. [...]
Indonesia Sets Oil, Gas Production Targets for 2016June 25, 2015 // 2 CommentsIndonesia sets the country’s 2016 gas production target at 1.1 million to 1.3 million barrels of oil equivalent per [...]