Oil supply glut snuffs early rally on Mideast tension, dollar April 29, 2015 // 1 Comment NEW YORK – Oil prices remained under pressure on Tuesday, with Brent settling lower and U.S. crude near flat, as [...]
Refining helps BP and Total weather oil price storm April 29, 2015 // 1 Comment Large oil companies have closed down dozens of refineries in the past few years due to overcapacity. BP and Total reported [...]
Canada’s TORC Oil & Gas to buy Surge Energy assets for C$430 mln April 28, 2015 // 2 Comments Canadian intermediate producer TORC Oil & Gas Ltd is buying light oil assets from Surge Energy Inc in the Canadian [...]
Mary Robinson: Developing nations must move rapidly beyond fossil fuels April 24, 2015 // 3 Comments Tackling climate change will require developing countries to move beyond fossil fuels far more quickly than the rich world [...]
PDVSA says Venezuela oil exports at 2.4-2.5 million bpd April 23, 2015 // 2 Comments ORINOCO BELT – OPEC member Venezuela is currently exporting between 2.4-2.5 million barrels per day from national [...]
Argentina launches lawsuit against Falklands oil drillers April 23, 2015 // 2 Comments Argentina announced on Friday it had started legal proceedings in one of its own courts against five companies, including [...]
Abu Dhabi to invest over US$25 billion in offshore oilfields April 23, 2015 // 3 Comments ABU DHABI – Abu Dhabi plans to invest over US$25 billion in the next five years on boosting its oil production [...]
China seen sitting out big global oil & gas deals April 22, 2015 // 6 Comments There are many reasons why China’s biggest oil companies should be dusting off their files on acquisition targets: cheap [...]
CMS Opus divests all O&G investments, to amp up diversification strategy April 22, 2015 // 2 Comments CMS Opus Private Equity Sdn Bhd has completely divested from its oil & gas investments and will further focus on [...]
Surge in Oklahoma earthquakes linked to oil and gas waste wells April 22, 2015 // 3 Comments Oklahoma geologists have documented strong links between increased seismic activity in the state and the injection into the [...]