West African explorer FAR Ltd. said it raised substantial capital to fund its development programs in the emerging oil basin offshore Senegal. FAR placed 1 billion shares to institutional and Continue Reading
The Wall Street Journal reported that Exxon is looking to jump into Brazil’s offshore sector, one of a few areas of exploration where there are still enormous volumes of known Continue Reading
Royal Dutch Shell RDS.B -0.48% PLC has taken a step toward an exit from its New Zealand assets with a deal to sell its 50% stake in a natural-gas field Continue Reading
Two rivers burst their banks as the tail end of ex-Cyclone Debbie saw water levels surge Media captionTwo rivers burst their banks as the tail end of ex-Cyclone Debbie saw Continue Reading
While OPEC is implementing production cuts, U.S. crude oil exports are steadily growing and winning customers even in China. In February, China was the biggest buyer of U.S. light crude Continue Reading
China’s apparent oil demand rose 5.3% year on year in the first two months of 2017 to 11.65 million b/d on the back of robust economic growth, holiday transportation demand Continue Reading
Gains in exploration and production activity in shale-rich Oklahoma are pulling the economy out of a slump, though recovery is slow, the state treasury said. Oklahoma is one of the Continue Reading
U.S. crude oil refinery inputs averaged over 16.4 million barrels per day during the week ending March 31, 2017, 203,000 barrels per day more than the previous week’s average. Refineries Continue Reading
Even if crude oil prices move above $60 per barrel, the Russian economy likely won’t expand much more than 1 percent, the head of the central bank said. Russia’s economy Continue Reading
Seadrill Ltd. , once the crown jewel of billionaire John Fredriksen’s business empire, is at the mercy of short-term speculators as the biggest funds shun the offshore driller amid a Continue Reading
