Chevron, the world’s third-largest publicly traded oil producer, is spending $3.3 billion this year in the Permian and an additional $1 billion in other shale basins. Some growing physical limitations Continue Reading
Angola’s crude exports fall to lowest since at least 2008 OPEC disruptions could send prices above $80 a barrel: BofAML While plunging output in Venezuela captures the oil world’s attention, Continue Reading
New Secretary of State Mike Pompeo tantalized U.S. allies meeting here on Friday by keeping the door open to preserving the Iran nuclear deal, but said absent “a substantial fix” Continue Reading
Jerry Flory hates it when the price of oil goes up. The co-owner of Flory’s, a small, family chain of petrol stations and convenience stores about 40 miles north of Continue Reading
State-held Nigerian National Petroleum Corporation (NNPC) aims to make its exploration and production unit—the Nigerian Petroleum Development Company (NPDC)—the top oil producer in the country, local media quoted NNPC group Continue Reading
Uruguay’s first oil auction in seven years that had offered 17 offshore blocks didn’t attract any bids by the April 26 deadline, Uruguay’s state-run oil company ANCAP said. Although two Continue Reading
Investors buying Venezuelan debt in recent weeks on hopes the May elections might bring a new government or that rising oil prices will bolster the OPEC member’s creditworthiness may be Continue Reading
Dinged by a severe earthquake in Papua New Guinea, Exxon Mobil said Friday its production levels were down 6 percent when compared with last year. In its quarterly report, Exxon Continue Reading
A proposed C$40 billion ($31.1 billion) liquefied natural gas export terminal on British Columbia’s coast edged closer to reality on Friday, as the company behind the project said it had Continue Reading
The U.S. oil drilling rig count rose for the fourth week in a row and ended the month sharply higher as producers plan to boost output as they reap profits Continue Reading
