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Tellurian to Start Building Louisiana LNG Export Terminal in 2019
U.S. liquefied natural gas company Tellurian Inc said on Wednesday it remains on track to begin construction of its Driftwood LNG export terminal in Louisiana in the first half of 2019 and begin operations in 2023.Tellurian President and CEO Meg Gentle said in the company's second…
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US drillers add most oil rigs since May
U.S. energy companies this week added the most oil rigs since May as drillers follow though on plans to spend more on exploration and production in anticipation of higher crude prices in 2018 than recent years.Drillers added 10 oil rigs in the week to Aug. 10, bringing the total count to 869…
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Oil Slips as Focus Shifts to Demand in Coming Months
Oil prices edged lower on Monday as troubled emerging markets and trade tensions dented the outlook for fuel demand, though U.S. sanctions against Iran could mean tighter supply ahead. Brent crude futures fell 14 cents to $72.67 a barrel by 11:18 a.m. EDT (1518 GMT). U.S. West Texas…
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Oil Falls on Weaker Economic Outlook, U.S. Stocks Rise
A weaker global economic growth outlook and a report of rising U.S. crude inventories weighed on oil prices on Wednesday, even as U.S. sanctions threatened to curb Iranian crude supplies.Benchmark Brent crude oil was down 60 cents a barrel at $71.86 by 1325 GMT. U.S. light crude fell $1.02 a barrel to a low of $66.02…
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U.S. Crude Oil Stockpiles Rise Unexpectedly in Week - EIA
U.S. crude stocks rose unexpectedly last week, while gasoline stocks decreased and distillate inventories grew, the Energy Information Administration said on Wednesday.Crude inventories rose by 6.8 million barrels in the last week, compared with analysts' expectations for an decrease of 2.5 million barrels.Crude stocks at the Cushing…
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Diamondback Energy Shares Drop on $9.2 billion Deal for Shale Rival
Diamondback Energy Inc shares fell 10 percent early on Wednesday following the U.S. oil and gas producer's all-stock, $9.2…
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Colombia's Ecopetrol to Invest Up to $3.5 bln in 2018
Colombia's state-run oil company Ecopetrol said on Wednesday it will invest $3 billion to $3.5 billion during 2018, less…
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Algeria's Sidi Rezine Refinery to Restart Production at Start of 2019
The Sidi Rezine refinery in the Algerian capital Algiers will come back online at the beginning of 2019 with an estimated output of 3.6 million tonnes
Latest news
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Venezuela's Crude Sales to U.S. Fall in July
Venezuela's crude exports to the United States declined to 494,400 barrels per day (bpd) in July after rising the prior three months…
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Russia Loses Bulk of WTO Challenge to EU Gas Pipeline Rules
Russia largely failed in its bid to overturn the European Union's gas market rules in a World Trade Organization ruling published on Friday.Russia lau
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ETP Plans Permian Express 3, Dakota Access Oil Pipeline Expansions
Energy Transfer Partners LP on Thursday said it expects to expand its Permian Express oil pipeline system further by upto 100,000 barrels per day (bpd
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Sonatrach in Talks with 14 Foreign Firms on Trading Venture -CEO
Algerian state energy firm Sonatrach is in talks with 14 international firms for a joint venture to trade oil and gas products after agreeing to buy i
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Oil Up as U.S. Sanctions on Iran Kick In
Oil rose on Thursday, recouping some of the previous day's steep price slide, after the first round of U.S. sanctions against Iran came into effect…
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U.S. Crude Stockpiles Fall Less Than Expected - EIA
U.S. crude stocks fell last week, while gasoline and distillate inventories rose, the Energy Information Administration said…
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Oil Falls on Slowing Chinese Demand, US-China Trade Spat
Oil prices fell on Wednesday after Chinese import data showed a slowdown in demand and as a trade dispute between Washington…
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Russia's Rosneft More Than Triples Q2 Net Profit
Russia's Rosneft more than triples Q2 net profit, shares hit recordRussia's largest oil producer Rosneft said on Tuesday…
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Oil Market Enters Post-OPEC Era: Kemp
Saudi Arabia and Russia started to raise their oil production several weeks before the formal decision to increase output…
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Indian Oil Sees No Impact from U.S. Sanctions on Refinery JV Investment with Iran
Indian Oil Corp.'s planned $5.10 billion expansion of its unit Chennai Petroleum , partly owned by Iran, is not expected to be hit by U.S.
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India Launches 2nd Auction of Small Discovered O&G Blocks
India launched its second auction of small discovered oil and gas blocks on Thursday, as the south Asian nation looks to…
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Azeri BTC Crude Oil Loadings from Ceyhan Port Set to Fall 9%
The Azeri BTC <BFO-AZR> crude oil loading plan from the Ceyhan port is set to fall to 18.85 million barrels in September from 21.4 million barrels in
Exploration
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Oil Companies Make Few Bids in US Offshore Lease Auction
Oil companies bid on less than 1 percent of the parcels offered in a sweeping U.S. auction of Gulf of Mexico exploration leases on Wednesday…
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Mexico's Obrador Pledges More Than $11 Bln for Refineries
Mexican President-elect Andres Manuel Lopez Obrador said on Monday his administration will invest more than $11 billion to…
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Sovcomflot's Pskov Loads First Cargo from Yamal LNG
The liquefied natural gas (LNG) carrier Pskov completed loading at the Port of Sabetta (YNAD), with the first cargo of LNG…
Drilling
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Cantium Contracts Rowan Jack-up
Rowan Companies plc announced that the Rowan EXL III, an EXL Class high specification jack-up rig, has been awarded a six…
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NEw Biodegradable Drilling Rod Grease is Eco-friendly
Constant vibration in drilling operations causes friction and wear on drilling rods. To reduce this wear and increase efficiency…
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Noble's Loss Widens on $793 mln Charge
Offshore oil and gas drilling contractor Noble Corp Plc reported a bigger quarterly loss on Thursday, hurt by a $792.8 million…
Production
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Woodside Petroleum Half-year Profit Rises
Australia's Woodside Petroleum Ltd said on Wednesday that its first-half net profit rose 6 percent and it raised its 2018…
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Ampelmann Wins North Sea Contracts
Ampelmann has strengthened its position in the North Sea this year after being awarded four new contracts and two extended…
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Bay State Wind Revises Turbine Layout
Bay State Wind, an offshore wind joint venture between developer Ørsted and New England electric transmission company Eversource…
