Gas prices finally edge lower
Relief in the form of stagnant crude oil prices and a good outlook for the nation’s refineries means U.S. gas prices edged a bit lower, a retail analysis found. An Continue Reading
U.S. shale oil output set to grow in February as prices rise
U.S. shale production is set to snap a three-month decline in February, the U.S. government said on Tuesday, as energy firms boost drilling activity with crude prices hovering near 18-month Continue Reading
U.S. oil and gas industry has turned the corner: Kemp
U.S. petroleum producers are looking forward to better times in 2017 as the industry has passed the low-point in the cycle and embarked on the road to renewed expansion. Domestic Continue Reading
Russia hints at economic stimulus
After hinting at a new tax policy on the oil industry, the Russian government said nearly $2 billion will be set aside to help the economy. Russia’s currency lost considerable Continue Reading
Norwegian oil and gas production up for the year
Production from offshore Norway slumps in December, though full-year output recorded another consecutive year of gains, government data show. File Photo by A.J. Sisco/UPI STAVANGER, Norway, Jan. 17 (UPI) — Continue Reading
So-so future for British North Sea
Oil and natural gas activity off the British coast should wax and wane in the short-term after one of the industry’s worst years, Wood Mackenzie finds. Lower crude oil prices Continue Reading
Exxon Mobil to Buy Permian Basin Land From Bass Family for More Than $5.6 Billion
Exxon Mobil Corp. said Tuesday that it was buying land in the much sought after Permian Basin region from the Bass family for $5.6 billion in stock and up to Continue Reading
ExxonMobil buys drilling rights in big bet on US shale
ExxonMobil has placed a big bet on US shale oil, agreeing a deal worth up to $6.6bn to buy companies with drilling rights on about 250,000 acres in the Permian Continue Reading
Russia launches new domestic oil and gas pipelines
Russia on Wednesday launched a new domestic gas pipeline and two new oil pipelines at a ceremony attended by President Vladimir Putin. The Bovanenkovo-Ukhta 2 gas pipeline, which has the Continue Reading
No Ruble Tripwire Seen for Russia as Currency Strains Mount
The ruble is settling in a range where the Bank of Russia purchased foreign currency in 2015, but this time policy makers are looking the other way. The central bank Continue Reading