Post-Bankruptcy, Seadrill Eyes Closer Oil Service Ties

Offshore oil driller Seadrill aims to expand relations with Schlumberger, the world's largest oil services firm, and other suppliers to the global oil and gas industry, its chief executive told Reuters on Wednesday. Seadrill plans to emerge from Chapter 11 bankruptcy proceedings in late June or early July, following a U.S.

Greece Launches Tender to Shed Hellenic Petroleum Stake

Greece on Wednesday launched an international tender to sell a majority stake in Hellenic Petroleum as part of its third international bailout. Greece's privatisation agency said it will sell no less than 50.1 percent in the country's biggest oil refiner and interested investors must submit expressions of interest by May 18.

Eni has no plans to pull out of Rosneft deal after sanctions

To Frack or Not to Frack? Australia's NatGas Dilemma

The decision by the government of Australia's Northern Territory government to allow the resumption of fracking for natural gas will do little to immediately solve the country's energy woes, but will likely sharpen political battle lines. The territory's government said on April 17…

Commodities Ride Rollercoaster on $100 Oil Talk

Oil highest in over 3 yrs on report Saudis want higher prices; nickel sees biggest jump in 6-1/2 years on sanctions worries. Talk that Saudi Arabia has its sights on $80-$100 a barrel oil again and of more U.S. sanctions on Russia ignited a rally in commodities and resource stocks on Thursday…