Rig company Transocean said Tuesday it landed a multi-well contract for Chevron off the coast of Australia, adding support from the previous trading day. Transocean announced it leased its ultra-deepwater Continue Reading
Production from an oil reservoir in the Kurdish north of Iraq has increased by more than 60 percent, Norwegian energy company DNO announced Tuesday. After completing testing on its fourth Continue Reading
There is one big hitch in U.S. plans to stem buying of Iranian oil: China. Some in Washington now expect that China will vacuum up much of the Iranian oil Continue Reading
Consumers should expect higher prices on imported cars if President Donald Trump’s proposed 25% tariff on foreign-built vehicles shipped into the U.S. is enacted, according to car sellers. Car makers Continue Reading
The contract is expected to launch in third quarter of 2018 and will have physical delivery in Houston. The Intercontinental Exchange Inc. (ICE) has plans to launch a Permian West Continue Reading
Highlights Khafji, Wafra field capacity 500,000 b/d Officials seek to resolve remaining issues Return could stave off market shortage London — Saudi Arabia and Kuwait are making headway towards a Continue Reading
Highlights Global upstream capex seen rising 5% in 2018 US shale expected to turn profitable in 2018 Exploration capex slumps to record low London — Global oil and gas sector Continue Reading
The Trump administration is actively considering tapping into the nation’s emergency supply of crude oil as political pressure grows to rein in rising gasoline prices before congressional elections in November, Continue Reading
London — Russian gas group Gazprom said Friday it was moving ahead with the full-scale development of the giant Kharasavey gas field on the northern Russian Yamal peninsula, as it Continue Reading
The highest retail gasoline prices in years are the latest development to raise concerns about one of the longest-running U.S. economic expansions on record. Drivers across the U.S. in May Continue Reading
