Oil & Gas News

API welcomes administration’s action on FERC nominees
12.05.2017
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API welcomes administration’s action on FERC nominees
API welcomed President Trump’s nomination of Neil Chatterjee and Rob Powelson to be FERC commi…
Suncor to apply to build new oil sands project
12.05.2017
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Suncor to apply to build new oil sands project
Suncor Energy, Canada’s largest oil and gas producer, says that this year it will apply to the…
OPEC to U.S.: Please don't pump so much oil!
12.05.2017
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OPEC to U.S.: Please don't pump so much oil!
OPEC has asked a favor of other major producers: Please stop pumping so much and help us balance the…
UOP signs new Dangote Refinery deal
12.05.2017
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UOP signs new Dangote Refinery deal
Honeywell UOP has been awarded a critical technology and equipment supply contract on Dangote Group&…
Schlumberger launches new fluid mapping-while-drilling service
11.05.2017
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Schlumberger launches new fluid mapping-while-drilling service
Schlumberger today launched the new SpectraSphere* fluid mapping-while-drilling service at the 2017…
Oil price jump pulls stocks higher, NZ dollar hits 11-month low
11.05.2017
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Oil price jump pulls stocks higher, NZ dollar hits 11-month low
Oil prices extended their 3 percent-plus overnight gains, their biggest one-day jump since Dec. 1, f…
Oil rebounds after API reports biggest crude draw this year
10.05.2017
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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
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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
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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
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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
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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…
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