CNOOC 'Will Spare No Effort' to Boost Reserves, Output in 2H
'In the second half of the year, we will spare no effort to increase reserves and production', CNOOC Limited Chairman Zhang Chuanjiang said.
Iraq to Deliver Oil beyond Hormuz
The country's state oil marketer, SOMO, is offering Basrah Medium and Heavy that can be collected by ship-to-ship transfer near the Omani coast next month via a tender.
Oil Rises as Iran Deal Hopes Fade
Oil rose as doubts grew over a broader US-Iran agreement.
Alaska Pipeline Aims to Renew Land Rights Early
The owners of the 800-mile Trans Alaska Pipeline System are seeking to renew its federal land authorization more than seven years before it expires.
Enbridge to Buy Salt Creek Midstream's Permian Oil Gathering Assets
Enbridge signed a deal to acquire Salt Creek Midstream's crude gathering business for $600 million in cash, growing its capacity to export oil from the Permian Basin.
Africa Emerges as Center of Upstream Acreage Rush
Africa has emerged as the center of a global upstream acreage rush, Enverus Intelligence Research said.
EverGen Narrows Quarterly Losses YoY
The Canadian biogas producer said the improvement was driven by an increase in output to a record 54,675 gigajoules.
Aker BP Starts Up Skarv Satellites in Norwegian Sea
'Production from the Skarv Satellites is expected to account for a significant share of Aker BP's production in the Skarv area for several years'.
Soap Is Shale's Latest Breakthrough
One of the hottest technologies to squeeze more oil from U.S. shale fields is better soap.
Analyst Explains Why Oil Prices Are Easing
Naeem Aslam, CIO at Zaye Capital Markets, outlined a 'key catalyst'.
TotalEnergies Exits Arctic LNG 2
TotalEnergies completed the transfer of its impaired 10 percent stake in Russia's Arctic LNG 2 project to Novatek.
VIDEO: Spirit Removes 200T of Offshore Kit in Decom Campaign
Spirit Energy announced that it has completed a $54 million UK North Sea decommissioning campaign.
Kuwait, Qatar Cargoes Boost Hormuz Oil Flows
The two countries, which exported a combined two million barrels a day of oil before the outbreak of the Iran war, have managed to get shipments back to 70 percent of pre-conflict levels, according to traders.
Oil Futures Fall
Oil eased in a choppy session as traders weighed progress on diplomatic efforts to resume shipping through the Strait of Hormuz against fresh risks of a global supply squeeze.
Trump Admin's Geothermal Push Gets Big Test in Utah Desert
The future of geothermal energy, a renewable source that has charged up conservatives and liberals alike, is being charted in a scrubby patch of sagebrush.
Global Drilling Availability Narrowing, EIR Warns
Enverus Intelligence Research warned that global drilling availability was narrowing as demand was rising.
Japan Plan Seeks to Back Pipelines Bypassing Hormuz
Japan plans to support the construction of pipelines that bypass the Strait of Hormuz.
Drivers Could See $4 Gas on Labor Day for First Time Ever
For the first time in history, $4 gasoline could greet U.S. drivers on Labor Day, GasBuddy warned.
Why Oil's War Premium Is Unwinding Again
The change in sentiment has been swift, Ole Hansen, Saxo Bank Head of Commodity Research, said.
Indian Refiners Widen Oil Search
Indian refiners are scaling back buying of Russian crude from elevated levels.
