Iran Tries to Save $1 Billion Deal With Giant Oil Trader
French oil giant Total SA recently notified Iran that it had left its project in the South Pars natural-gas field. Iran now expects crude exports to drop as buyers cut Continue Reading
Six companies apply for 21 Colombian oil exploration areas
Six mostly foreign companies have so far made bids to explore for oil in 21 areas in Colombia under a new system that seeks to boost investment and find new Continue Reading
Petrobras, Total ink deals for Brazil government share of pre-salt oil cargo
Brazil’s state-run oil company Petrobras ( PETR4.SA ) and France’s Total ( TOTF.PA ) on Friday agreed to buy millions of barrels of oil cargo from the Brazilian government, its Continue Reading
Venezuela’s PDVSA to divert tankers to nearby port after accident: sources
Venezuela’s state-run PDVSA is organizing a contingency plan to address its latest oil-export problem following a minor accident last week at the country’s main crude terminal, two sources from the Continue Reading
Why China’s Gas Guzzling Isn’t a Home Run for PetroChina
The company posted what would usually be considered stellar half-year earnings late Thursday, with net income up 114% from a year earlier to 27 billion yuan ($4 billion), the highest Continue Reading
U.S. crude production rises to record as drilling climbs in Texas: EIA
U.S. crude oil production rose 231,000 barrels per day, or 2 percent, to a record 10.674 million bpd in June, the U.S. Energy Information Administration said in a pair of Continue Reading
Pipeline politics leave Canada’s prime minister in peril
With one surprise court ruling, Canadian Prime Minister Justin Trudeau faces the risk of contesting next year’s election with key pieces of his economic and environmental plans in ruins. The Continue Reading
U.S. drillers add oil rigs for the first time in three weeks: Baker Hughes
U.S. energy companies added oil rigs for the first time in three weeks, energy services firm Baker Hughes reported on Friday, while the rig count inched up this month as Continue Reading
Labor Day weekend gas prices highest in four years
U.S. gasoline prices, as well as demand, remain high for the Labor Day weekend, the U.S. Energy Information Administration reported on Friday. The U.S. average retail price for regular gasoline, Continue Reading
Texas Oil Production Drops For First Time Since February 2017
Oil production in Texas dropped in June 2018 compared to the same month last year, the first yearly drop since February 2017, figures by the Railroad Commission of Texas showed Continue Reading