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Oil rises amid doubts about speed of Saudi recovery from attacks

LONDON (Bloomberg) - Oil rose amid doubts about the speed of Saudi Arabias recovery from the weekends attack on its facilities that knocked out a large chunk of its production. Futures gained 2.1% in New York after paring around half of Mon......【More】

2019-09-20

Saudis keep oil flowing as they patch up wounded industry

DUBAI (Bloomberg) - Saudi Arabia reassured anxious customers that crude exports will keep flowing as normal and its industry can recover quickly from the worst attack in its history. Crude prices fell after Tuesdays long-awaited statement f......【More】

2019-09-19

Saudi Arabia partially restores output at damaged oil plant

DUBAI (Bloomberg) - Saudi Arabia attempted to move beyond the worst oil disruption in its history, assuring the world that crude exports will not suffer, its damaged facility had partially restarted and production capacity would be back to......【More】

2019-09-18

ExxonMobil finds more oil offshore Guyana at Tripletail

IRVING, TEXAS - ExxonMobil made an oil discovery on the Stabroek Block offshore Guyana at the Tripletail-1 well in the Turbot area. The discovery adds to the previously announced estimated recoverable resource of more than 6 Bboe on the Sta......【More】

2019-09-17

U.S. oil companies set to benefit from Saudi supply disruption

NEW YORK (Bloomberg) --Some U.S. oil companies are positioned to gain from the attacks on Saudi Arabias facilities over the weekend and an attendant rise in crude prices. The biggest moves could come from U.S. oil companies with a sizable s......【More】

2019-09-16

Egypt expects first Israeli gas by year-end, oil minister says

ABU DHABI (Bloomberg) - Egypt expects to begin receiving natural gas from Israel by the end of 2019, the oil minister said, fulfilling a $15 billion deal that will position the North African country as an energy re-export hub on Europes doo......【More】

2019-09-12

Voters deliver warning to Norway’s oil industry

OSLO (Bloomberg) - Norwegian voters have fired a warning shot at the countrys oil industry. Parties that want to rein in the countrys golden goose made significant gains in Mondays local elections. That raises the prospect of more advances......【More】

2019-09-11

Oil rises as new Saudi minister signals OPEC+ cuts to continue

TOKYO (Bloomberg) - Oil rose for a fourth day after Saudi Arabias new energy minister signaled that OPEC and its allies will continue with production cuts as the group prepared to gather in Abu Dhabi. Futures added 0.9% after climbing 2.6%......【More】

2019-09-10

Airborne Oil & Gas secures TCP Flowlines contract with supermajor in West Africa

ABERDEEN - Airborne Oil Gas has been awarded a large contract from a supermajor through Oceaneering International to supply Thermoplastic Composite Pipe (TCP) flowlines for deployment in West Africa. It is believed to be the first TCP solut......【More】

2019-09-04

Oil climbs as Huawei sanctions delay offers sign of trade war truce

NEW YORK (Bloomberg) - Oil climbed as the U.S. delayed sanctions against Huawei Technologies, offering a hint of progress in its trade war with China, and a drone attack in Saudi Arabia highlighted simmering Middle East tensions. Futures ju......【More】

2019-08-20