Exxon seeks waiver from U.S. sanctions on Russia:
Exxon Mobil Corp ( XOM.N ) has applied to the Treasury Department for a waiver from U.S. sanctions on Russia as the oil major looks to resume its joint venture Continue Reading
Last stand: Nebraska farmers could derail Keystone XL pipeline
When President Donald Trump handed TransCanada Pipeline Co. a permit for its Keystone XL pipeline last month, he said the company could now build the long-delayed and divisive project “with Continue Reading
Norwegian company envisions wind energy role for oil production
A Norwegian energy company said it was moving to the next phase of testing for a project that would use wind power to facilitate offshore oil production. DNV GL is Continue Reading
New concept for production at Danish oil field
The start of production from an oil field in the Danish waters of the North Sea could serve as a testing ground for future development, a German company said. The Continue Reading
Oil prices dip on bloated U.S. market, mixed Saudi signals
Oil prices dipped on Wednesday as bloated U.S. supplies weighed on markets while a fall in Saudi crude exports was offset by rising production in the country. Brent crude futures Continue Reading
U.S. Shale Surging, But Oil Holds Steady
Rising production in the two biggest U.S. shale basins and Saudi Arabia’s newly ambiguous stance on the OPEC deal extension have resulted in oil prices falling early this week. (Click Continue Reading
Oil Trades at One-Week Low on Signs of Rebound in U.S. Supplies
Shale output forecast to climb as drillers add more rigs OPEC’s cutbacks will eventually reduce stockpiles: Citigroup Oil traded at its lowest in more than a week in New York Continue Reading
Oil prices fall on expected surge in U.S. shale output
Oil prices fell on Tuesday on news that U.S. shale oil output was expected to post the biggest monthly rise in more than two years, fuelling concerns that U.S. production Continue Reading
National Oil Companies Join The Fight For Investment Dollars
Independence & Simplicity and the U.S. Shale Revolution The dynamics of the oil industry have changed dramatically since the beginning of 2010. Because of the U.S. shale revolution, the U.S. Continue Reading
Citi Sees $65 Oil By Christmas
Maybe the surge in U.S. shale production won’t kill off the oil price rally after all. Oil prices could rise as high as the mid-$60s per barrel by the end Continue Reading