Offshore driller Ocean Rig UDW Inc is preparing to explore a sale amid pressure from some of its largest shareholders to review its strategic alternatives, according to three people familiar Continue Reading
The Kremlin is working to figure out ways to maneuver around possible sanctions that could restrict Russia’s business opportunities, a spokesman said. Russia’s currency lost considerable value at the start Continue Reading
Unplanned temporary outages such as the Forties Pipeline shutdown are currently supporting oil prices, but as we go into 2018 a lot of those temporary issues will go away and Continue Reading
The International Thermonuclear Experimental Reactor plant in Saint-Paul-Lez-Durance, France, is 50 percent complete. The sprawling landscape of construction cranes and partially completed buildings, along with a massive metal-and-steel ring, was Continue Reading
Britain’s Forties oil and gas pipeline, one of the biggest in the North Sea, should restart in early January after repairs to a crack over Christmas, operator Ineos said on Continue Reading
It’s been a busy week for Eni. The Italian oil giant started production at the largest natural gas field in the Eastern Mediterranean. But Eni’s CEO also just found out Continue Reading
Buyers draining American storage points to tighter market Traders awaiting weekly U.S. government count on Wednesday Crude rose in after-hours trading because an oil-industry assessment was said to show a Continue Reading
The American Petroleum Institute (API) reported a draw of 5.222 million barrels of United States crude oil inventories for the week ending December 15, marking three large draws in as Continue Reading
Oil prices rose Tuesday, helped in part by the continuing outage of a North Sea pipeline and reports that Russia’s largest oil company could envision continuing production curbs past 2018. Continue Reading
Oil edged up towards $64 a barrel on Tuesday, helped by a North Sea pipeline outage, OPEC-led supply cuts and expectations that U.S. crude inventories had fallen for a fifth Continue Reading
