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Canadian Wildcatters see boost from oil cuts

CALGARY (Bloomberg) -- Local wildcatters that pump light crude far from the giant oil-sands mines of northern Alberta are getting a big price boost from the curtailments announced at the start of December, without the headaches. Many of the......【More】

2019-04-03

Lukoil appoints Sergey Kochkurov as V.P. , names additional leaders

MOSCOW -- Lukoil has made changes in its leadership team. Sergey Kochkurov is appointed V.P. of PJSC Lukoil for technical services. He previously held the position of V.P. of PJSC Lukoil and general director of OOO Lukoil West-Siberia (whol......【More】

2019-04-02

Pemex could receive $7 billion to pay ballooning debt

MEXICO CITY (Bloomberg) -- Bankers in Guayaberas huddled in Acapulco to roll out a new online payment system and to pledge financial inclusion. But all anyone could talk about in the corridors was the nations ailing oil company, Pemex, and......【More】

2019-03-25

Murphy Oil signs $2.13-billion Malaysian divestiture deal

EL DORADO, Ark. -- Murphy Oil Corporation has announced that a subsidiary has signed a sale and purchase agreement to divest the fully issued share capital of its two primary Malaysian subsidiaries, Murphy Sabah Oil Co., Ltd. and Murphy Sar......【More】

2019-03-22

U.S. Refiners Look to get in on shale oil export boom

NEW YORK (Bloomberg) -- U.S. refiners arent just buying crude to turn into gasoline and diesel -- theyre competing with producers and traders to export it. Marathon Petroleum Corp. and Phillips 66 -- two of the three biggest U.S. independen......【More】

2019-03-20

Libya oil boss sees output gain with hope of BP pumping soon

LONDON and CAIRO (Bloomberg) -- Libya boosted crude production by a third after restarting its biggest field, and its top oil official sees further gains when companies like BP Plc invest and start pumping oil in the politically divided OPE......【More】

2019-03-19

DTEK Oil & Gas wins Ukraine’s first open auction for subsurface exploration permit

KYIV -- Oil Gas Systems, LLC - a subsidiary of DTEK Oil Gas - has purchased the special permit for subsurface exploration of the Svitankovo-Lohivskyi license site in eastern Ukraine for UAH 85 million ($3.17 million) at open auction. Organi......【More】

2019-03-12

Oil's big reset: Energy majors learn to thrive after price crash

LONDON (Bloomberg) -- When OPEC started an oil-price war in late 2014, most people believed U.S. shale was doomed. In reality, the giant oil majors suffered most -- burdened by expensive mega-projects, Chevron Corp., BP Plc and the rest str......【More】

2019-03-11

Oil retreats as surprise jump in U.S. stockpiles hints at glut

NEW YORK (Bloomberg) -- Oil retreated for the second day in a row after U.S. crude stockpiles ballooned, casting a shadow over OPECs efforts to avert a global glut. Futures in New York closed 0.6% lower on Wednesday after the U.S. Energy In......【More】

2019-03-07

D&L Oil Tools introduces downhole tension tool for well control

TULSA -- DL Oil Tools introduces the patented ProTension Safe Tension Tool (STT), which was designed as a safety tool to eliminate the potential for loss of well control when pulling a tubing string into tension. Additionally, it allows ope......【More】

2019-03-05