Oil & Gas News

OPEC oil production jumps in May despite cartel's output agreement as Iraq, Libya pump more
13.06.2017
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OPEC oil production jumps in May despite cartel's output agreement as Iraq, Libya pump more
OPEC's oil production jumped in May, despite the exporter group agreeing last month to extend it…
Oil rises on Saudi pledge to make real supply cuts to Asia, U.S.
13.06.2017
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Oil rises on Saudi pledge to make real supply cuts to Asia, U.S.
Oil prices edged up on Tuesday, lifted by statements that Saudi Arabia was making significant supply…
API welcomes Senate letter supporting North American energy markets
12.06.2017
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API welcomes Senate letter supporting North American energy markets
API President and CEO Jack Gerard welcomed a letter sent by eight U.S. Senators to U.S. Trade Repres…
Wood Group wins Statoil concept and feasibility study contracts
12.06.2017
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Wood Group wins Statoil concept and feasibility study contracts
  Wood Group has been awarded two new contracts by Statoil to deliver concept and feasibility…
Russia, Saudis See Oil Inventories Falling After Price Drop
12.06.2017
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Russia, Saudis See Oil Inventories Falling After Price Drop
A deal among oil-producing countries to curb production and balance an oversupplied market will achi…
Oil Market Abandons Hope of Re-Balancing This Year
10.06.2017
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Oil Market Abandons Hope of Re-Balancing This Year
The oil market has all but abandoned the hope of a re-balancing any time soon, with the re-emergence…
Petrobras approves execution of Term Sheet with the company Andrade Gutierrez to remove provisional ban
09.06.2017
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Petrobras approves execution of Term Sheet with the company Andrade Gutierrez to remove provisional ban
Petrobras informs that its Executive Board approved today the execution of a Term Sheet with Andrade…
Statoil receives consent for exploration drilling in the Norwegian Sea
09.06.2017
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Statoil receives consent for exploration drilling in the Norwegian Sea
Statoil has received consent to drill an exploration well in block 6507/8 in the Norwegian Sea.
As Oil Plumbs New Depths, Someone Sees $80 a Barrel by December
09.06.2017
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As Oil Plumbs New Depths, Someone Sees $80 a Barrel by December
As Brent crude oil closed on Wednesday at its lowest level since before OPEC and other nations agree…
Oil dives 5 percent on surprise build in U.S. crude, gasoline stocks
08.06.2017
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Oil dives 5 percent on surprise build in U.S. crude, gasoline stocks
Oil prices slid 5 percent on Wednesday to a one-month low, after an unexpected increase in U.S. inve…
Oil prices jump after Saudi Arabia, other Middle East nations cut ties with Qatar
05.06.2017
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Oil prices jump after Saudi Arabia, other Middle East nations cut ties with Qatar
Crude futures shot higher on Monday after a political rift in the Middle East escalated when Saudi A…
US reports oil exports rise to record level, just as OPEC agrees to cut back
02.06.2017
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US reports oil exports rise to record level, just as OPEC agrees to cut back
The U.S. oil industry exported a record 1.3 million barrels of crude per day onto the world market l…
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