Turkey will become a major energy hub for the European market with assistance from the Russian government, President Vladimir Putin said. Putin met with Turkish President Recep Tayyip Erdogan during Continue Reading
Nigeria has filed a law suit against Eni, Chevron, Shell, Total and Petrobras accusing the oil majors of $12.7 billion in illegal oil exports. Per the Associated Press, these companies Continue Reading
Refining operation Dwindling Chinese oil production could lead the Organization of Petroleum Exporting Countries (OPEC) to delay a freeze deal further, as the Asian giant ramps up its own imports Continue Reading
The Kuwaiti government gave the go-ahead to a request by the Kuwait Petroleum Corporation (KPC) to create what would be the country’s largest oil company , according to ArabianBusiness.com on Continue Reading
Egypt received oil shipments from an unspecified source on Tuesday, according to Petroleum Ministry spokesperson Hamdy Abdelaziz, who said the move came after Saudi Aramco decided it would suspend delivery Continue Reading
BP BP -2.43 % PLC on Tuesday abandoned plans to drill deep-water oil-exploration wells off the southern coast of Australia, saying the project’s finances don’t stack up against other opportunities Continue Reading
Activists acting in solidarity with protesters seeking to stop construction of an oil pipeline in North Dakota temporarily shut five pipelines able to carry more than 2 million barrels a Continue Reading
The amount of activity in the exploration and production side of the U.S. oil and gas sector suggests declines have bottomed out, an industry report said. The American Petroleum Institute Continue Reading
Refinery problems and short-term market factors related to Hurricane Matthew mean more delays for seasonal trends toward lower gasoline prices. Photo by Oskari Porkka/Shutterstock Refinery issues and problems associated with Continue Reading
The company building a controversial oil pipeline across the Upper Midwest said Tuesday that it expects to receive federal approval soon to complete the project, amid continued protests led by Continue Reading
