LOCATION :Home> Industry News

Crude declines as global glut outweighs Middle East tensions

LONDON (Bloomberg) -- Oil reversed earlier gains as a global glut outweighed tensions between Saudi Arabia and Iran. Futures surged as much as 4.6% in London earlier after the Saudi government cut ties with Iran following an attack on its e......【More】

2016-01-05

Iran says its planned boost in oil exports won’t harm market

TEHRAN (Bloomberg) -- Iran is trying to regain its lost share of global crude sales and has no intention of harming the oil market with its planned increase in production once sanctions are lifted from its economy, Oil Minister Bijan Namdar......【More】

2016-01-04

ConocoPhillips to export first U.S. shale oil as it beats rivals

SAN ANTONIO -- On the heels of the U.S. governments recent lifting of the federal ban on the export of crude oil produced in the U.S., NuStar Energy and ConocoPhillips said Wednesday that they are loading what they believe to be the nations......【More】

2015-12-31

ConocoPhillips to export first U.S. shale oil as it beats rivals

SAN ANTONIO -- On the heels of the U.S. governments recent lifting of the federal ban on the export of crude oil produced in the U.S., NuStar Energy and ConocoPhillips said Wednesday that they are loading what they believe to be the nations......【More】

2015-12-31

TAQA announces first oil from Cladhan field in North Sea

ABERDEEN, Scotland -- Abu Dhabi National Energy Company PJSC (TAQA), has announced first oil from the new Cladhan field development in the UK North Sea. The field is developed as a subsea tie-back to the TAQA-operated Tern Alpha platform. P......【More】

2015-12-30

Saudi Arabia cuts dependence on oil amid slump in crude prices

RIYADH (Bloomberg) -- Saudi Arabia, the worlds biggest crude exporter, continues to cut its dependence on oil revenue due to the slump in oil prices, even as the kingdom keeps boosting production to defend its market share. The kingdoms rev......【More】

2015-12-29

Oil bankruptcies reach highest quarterly level since recession

HOUSTON (Bloomberg) -- Bankruptcies among oil and gas companies have reached quarterly levels last seen in the Great Recession, according to the Federal Reserve Bank of Dallas. At least nine U.S. oil and gas companies that accounted for mor......【More】

2015-12-28

Export change means more tankers may leave U.S. carrying crude

NEW YORK (Bloomberg) -- The days of empty oil tankers leaving the Houston Ship Channel are over. Now that the U.S. has ended crude export restrictions after 40 years, tankers bringing crude oil to Houston and other Gulf Coast ports will als......【More】

2015-12-25

First U.S. crude oil set to be exported in January after law change

HOUSTON -- Enterprise Products Partners has secured its first contract to export crude oil produced in the U.S. under a law enacted last week. The law, which was signed by President Obama on Friday, repealed decades-old export restrictions.......【More】

2015-12-24

Fugro wins contract for Exxon’s deepwater Guyana oil development

HOUSTON -- Fugro has been awarded a contract by Esso Exploration and Production Guyana Ltd., an Exxon Mobil affiliate, for survey services at a deepwater field development offshore Guyana. The contract provides for an autonomous underwater......【More】

2015-12-23