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Exxon, Petrobras said to hold talks on strategic partnership

RIO DE JANEIRO (Bloomberg) --Exxon Mobil Corp. and Petrobras have held talks on a strategic partnership that could involve multiple assets in Brazil and overseas in different segments of the industry, similar to the $2.2-billion deal signed......【More】

2017-05-10

Venezuela braces for possible U.S. oil sanctions

HOUSTON (Bloomberg) --Venezuela would be hit from two directions if the U.S. were ever to impose oil-related sanctions against the South American nation where at least 30 have died in anti-government protests in the past month. American dri......【More】

2017-05-09

Iran buys gear to shield gas output from any new U.S. sanctions

TEHRAN (Bloomberg) --Iran is buying equipment to avert a possible disruption in output at its share of the worlds biggest natural gas field, in the event the U.S. decides to impose additional sanctions on its economy, thehead of state-run o......【More】

2017-05-08

No decision made by Russia on extending oil output cut: Kremlin

MOSCOW, May 4 (Xinhua) -- Russia has not yet decided to extend the Vienna agreement on oil output reduction into the second half of 2017, the Kremlin said Thursday. No decisions have been made yet. If the position is formulated, we will inf......【More】

2017-05-05

Magellan evaluates new Texas oil pipeline

NEW YORK, May 3 (Reuters) - Magellan Midstream Partners LP (MMP.N) is evaluating a new pipeline to transport crude and condensate from the Permian Basin to Corpus Christi in Texas, its top executive said during a company earnings call on We......【More】

2017-05-04

UPDATE 1-Total to explore offshore Senegal for oil and gas

PARIS/DAKAR, May 2 (Reuters) - Total (TOTF.PA) has signed an agreement to explore for oil and gas off Senegals Atlantic coast, boosting the prospect of major oil developments in the West African country. Under the deal Total will explore in......【More】

2017-05-03

UPDATE 1-U.S. Supreme Court sides with Venezuela over oil rigs claim

(Recasts first paragraph, adds background on case, details from decision, paragraphs 2-13) By Lawrence Hurley WASHINGTON, May 1 (Reuters) - The U.S. Supreme Court on Monday tossed out a lower courts ruling that had allowed an American oil d......【More】

2017-05-02

UPDATE 1-Oil major Total approves first major project since 2014 as Q1 profits jump

* Totals Q1 net profit jumps 56 percent year-on-year * Oil production rose 4 percent in the quarter * Total sanctions Argentina Vaca Muerta shale project * Maintains 2017 guidance stated in February * Dividend 0.62 euros per share By Bate F......【More】

2017-04-28

COLUMN-Drilling costs rise as U.S. oil, gas activity picks up: Kemp

(John Kemp is a Reuters market analyst. The views expressed are his own) * Chart 1: (http://tmsnrt.rs/2q6RNzc) * Chart 2: (http://tmsnrt.rs/2oL30Sg) * Chart 3: (http://tmsnrt.rs/2oLo37c) * Chart 4: (http://tmsnrt.rs/2p 3G EOl) By John Kemp......【More】

2017-04-27

GE, Halvorsen TEC consortium to supply seawater sulfate removal unit for Johan Castberg

TREVOSE, Pennsylvania -- Marking a commercial milestone in process water treatment for the offshore oil and gas industry, Norwegian oil and gas company Statoil has selected a consortium led by GE Water Process Technologies and Halvorsen TEC......【More】

2017-04-26