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Oil investors show they want more than just profit

LONDON (Bloomberg) --Big Oils investors took a bruising for nearly three years as oil prices bumped along decade lows. Now they want payback. Theyre willing to punish companies that dont meet their standards, and their standards are awfully......【More】

2018-05-02

Oil steadies amid Korean peace pledge, threat of Iran sanctions

LONDON (Bloomberg) --Oil traded near $68 as investors weighed the impact of a possible U.S. pull-out from the Iran nuclear deal and the potential for a historic accord between the leaders of North and South Korea. Futures in New York slippe......【More】

2018-04-28

Citi says U.S. may become world's top oil exporter next year

SINGAPORE (Bloomberg) --The U.S. looks likely to overtake Saudi Arabia to become the worlds biggest oil exporter next year, according to Citigroup Inc. With American production surging to unprecedented levels as OPEC continues curbing outpu......【More】

2018-04-27

SDX Energy reports oil discovery in Egypt's West Gharib Concession

LONDON -- SDX Energy Inc., the North Africa focused oil and gas company, is pleased to announce that an oil discovery has been made at its Rabul 4 Well in the West Gharib Concession in Egypt. SDX holds a 50% working interest and is joint op......【More】

2018-04-25

Saudi Aramco to lift oil-trading volume to 6 MMbpd

DUBAI (Bloomberg) --Saudi Aramco, the worlds biggest oil exporter, plans to trade as much as 6 MMbpd, a jump in volume that would put it in the top tier of companies that buy and sell crude and refined products. The trading arm of the state......【More】

2018-04-24

Schlumberger quarterly profits surge on activity gains, higher oil prices

PARIS Schlumberger reported an 88% increase in quarterly profit as rising crudeoilprices encouraged North American operators to ramp up drilling. The companys revenue from North America increased nearly 52% to $2.84 billion. Chairman and CE......【More】

2018-04-23

Oil extends rally before OPEC meeting after U.S. stockpiles fall

LONDON (Bloomberg) -- Oil rallied above $69/bbl after a surprise drop in U.S. inventories added to signs the market is in balance before a key OPEC meeting. Futures in New York rose as much as 1.2% after gaining 2.9% in the previous session......【More】

2018-04-20

Trudeau is set on saving oil pipeline

OTTAWA(Bloomberg) -- Canadian Prime Minister Justin Trudeau and Alberta Premier Rachel Notley have signaled they could put money behind Kinder Morgans Trans Mountain pipeline expansion as they vow to make sure it gets built. Here are ways t......【More】

2018-04-19

Majors bid to burnish credentials in war on climate change

LONDON (Bloomberg) -- The worlds biggest oil companies, for long typecast as villains of climate change, are seeking to reinvent themselves as environmental pioneers. Were not going to be sitting back and say lets see what society does and......【More】

2018-04-18

U.S. offers $25 million cybersecurity grant after pipeline attacks

HOUSTON (Bloomberg) -- The U.S. wants to fund research targeting better cybersecurity for the nations power grid and the oil and natural gas industry, less than a month after web attacks hobbled electronic communications for several pipelin......【More】

2018-04-17