Industry News

Oil Dives About 2.5%; OPEC Crude Output Rise Forecast

Industry News - Thu, 2017-07-20 19:00
Oil prices slid on Friday, settling about 2.5% lower after a consultancy forecast a rise in OPEC production.

Malaysia's Petronas Delivers First LNG Cargo To Thailand's PTT

Industry News - Thu, 2017-07-20 19:00
Petroliam Nasional Bhd announces the delivery of its first liquefied natural gas (LNG) cargo to Thailand.

Deals Set Bullish Tone As Peru Export Halt Tightens Market

Industry News - Thu, 2017-07-20 19:00
Asian spot LNG prices step higher this week, shrugging off months of weakness.

Neverland Tanker With Disputed Kurdish Oil Reappears Off Malta

Industry News - Thu, 2017-07-20 19:00
The Neverland tanker has reappeared off the coast of Malta after going off radar near Canada on June 30.

S. Korea Easing Rules At Oil Terminals In Effort To Become Trade Hub

Industry News - Thu, 2017-07-20 19:00
South Korea is in the process of easing blending restrictions at its oil storage terminals as the world's No. 5 crude importer bolsters an effort to become a North Asia trading hub.

EU Court Rejects Polish Bid To Halt Opal Pipeline Deal, Verdict In 2019

Industry News - Thu, 2017-07-20 19:00
A European Commission deal giving Gazprom a bigger share of the Opal gas pipeline can go ahead for now until a ruling is issued in 2019.

Trump's America-First Pipeline Plan Draws Ire of American Oil

Industry News - Thu, 2017-07-20 19:00
Donald Trump's allies in the oil industry are warning the president that his bid to boost US steelmakers could backfire against their efforts to achieve his goal of "American energy dominance."

Greenpeace Activists Protest Near Oil Rig In Norway's Arctic Sea Area

Industry News - Thu, 2017-07-20 19:00
Environmental activists protest near an offshore rig contracted by Statoil in the remote Norwegian Arctic.

Canada's Encana Smashes Profit Estimates, Shares Rise

Industry News - Thu, 2017-07-20 19:00
Encana posts a quarterly profit that handily beat analysts' estimates and raised its full-year core asset production growth forecast.

Husky Energy Posts Smaller 2Q Loss On Higher Oil Prices

Industry News - Thu, 2017-07-20 19:00
Husky reports a smaller loss, helped partly by higher oil prices and an increase in production.

Schlumberger Buys Eurasia Drilling Stake In Test Of Russia-US Ties

Industry News - Thu, 2017-07-20 19:00
Schlumberger NV has agreed to buy a 51% stake in Russian peer Eurasia Drilling Co (EDC) in a deal likely to test Russia-US ties.

UAE Energy Minister Hopes Global Oil Markets Begin To Tighten In 2H

Industry News - Thu, 2017-07-20 19:00
UAE Energy Minister Suhail bin Mohammed al-Mazroui says he hopes that global supplies will start tightening in the second half of the year.

GE Sinks as Oil Outlook Sputters, Marring End of Immelt's Tenure

Industry News - Thu, 2017-07-20 19:00
Even in his final days as General Electric Co.'s CEO, Jeffrey Immelt can't escape the stench of oil.

LyondellBasell Plans Its Largest Investment Ever Near Houston

Industry News - Thu, 2017-07-20 19:00
The new PO/TBA project should create up to 2,500 construction and approximately 160 permanent jobs.

US Owns 700 Million Barrels of Oil. Trump Wants to Sell It

Industry News - Thu, 2017-07-20 19:00
President Donald Trump wants to sell part of the reserve.

OPEC, Russia to Stand Pat on Oil Deal Even as Glut Persists

Industry News - Thu, 2017-07-20 19:00
OPEC and Russia's plan to clear the global oil glut hasn't worked as they hoped, but there's little expectation the world's largest producers will act more aggressively when they meet this weekend.

African Petroleum Lets Blocks Sale Exclusivity Clause Lapse

Industry News - Wed, 2017-07-19 19:00
African Petroleum has agreed to let an exclusive agreement lapse in talks to sell oil licenses in Gambia and Senegal, it says.

Singapore's Keppel Posts Lower 2Q Profit, Says Rig Market Outlook Muddy

Industry News - Wed, 2017-07-19 19:00
Keppel posts a 21% drop in its quarterly profit and warned it did not expect a speedy recovery in the offshore and marine market.

Oil Settles Down After Early Rally Lifts Brent Past $50

Industry News - Wed, 2017-07-19 19:00
Oil settles lower in choppy trading, as nagging worries about abundant global crude supplies sank prices after an early rally boosted Brent above $50 per barrel for the first time since June 7.

CEO: France's GTT Sees Opportunities In Increased Gas Production

Industry News - Wed, 2017-07-19 19:00
GTT can benefit in the coming years from increased LNG supply as it will boost the need for transportation, Chief Executive Philippe Berterottiere says.

Pages

Subscribe to Oil and Gas Trades Auction Clearinghouse aggregator