Oil & Gas News

Oil rebounds after API reports biggest crude draw this year
10.05.2017
3 629
Oil rebounds after API reports biggest crude draw this year
The American Petroleum Institute (API) reported a hefty draw of 5.789 million barrels in the United…
ExxonMobil and employees contribute more than $50 million to U.S. colleges and universities
10.05.2017
1 147
ExxonMobil and employees contribute more than $50 million to U.S. colleges and universities
ExxonMobil and its employees contributed more than $50 million to institutions of higher education a…
OPEC is out of options: How low can oil prices go?
09.05.2017
3 664
OPEC is out of options: How low can oil prices go?
The price of crude has plummeted 13% in recent weeks to below $46, suggesting that the cartel's…
Saudi Oil Minister: OPEC output cut could extend into 2018
08.05.2017
3 496
Saudi Oil Minister: OPEC output cut could extend into 2018
The production cut agreement that OPEC closed last year in a bid to improve oil prices could be exte…
Employment Gains in Oil & Gas in April
07.05.2017
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Employment Gains in Oil & Gas in April
U.S. employment in mining rose by 9,000 jobs in April, according to data released Friday from the Bu…
An unlikely Arctic oil boom has a lesson in progress for Trump
07.05.2017
1 127
An unlikely Arctic oil boom has a lesson in progress for Trump
With the oil industry barely recovering from its most brutal slump in decades, you might expect the…
BHI: Permian, overall US rig counts each up 7
06.05.2017
1 773
BHI: Permian, overall US rig counts each up 7
Drilling activity in the U.S. has increased yet again, with Baker Hughes weekly rig count reporting…
Statoil handing over the Polarled pipeline to Gassco
05.05.2017
1 136
Statoil handing over the Polarled pipeline to Gassco
Statoil transferred the operatorship for the Polarled pipeline to Gassco on 1 May. The 482-kilometre…
Chevron expedites Rosebank development plan
05.05.2017
1 888
Chevron expedites Rosebank development plan
Chevron has accelerated the tendering process for its new FPSO at the Rosebank development West of S…
Are Oil and Gas a Good Investment in 2017?
04.05.2017
2 171
Are Oil and Gas a Good Investment in 2017?
It has been a turbulent few years for British oil and gas companies, with oil hitting $27 per barrel…
Halliburton to hire 2,000 on upstream rebound
04.05.2017
13 076
Halliburton to hire 2,000 on upstream rebound
Houston-based Halliburton Co. (NYSE: HAL) plans to have hired more than 2,000 U.S. oil field workers…
BP finds hidden trove of oil in Gulf of Mexico
03.05.2017
3 746
BP finds hidden trove of oil in Gulf of Mexico
British oil’s superior BP has newly discovered 200 million barrels of oil in a hidden cache lo…
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