Industry News|cippe Zhenwei Shanghai Petrochemical Show|ZHENWEI EXPO

U.S. oil rig count rises to highest since October 2015 -Baker Hughes

Feb 3 (Reuters) - U.S. energy companies added oil rigs for a 13th week in the last 14, extending a nine-month recovery as drillers take advantage of crude prices that have held mostly over $50 a barrel since OPEC agreed to cut supplies in l......【More】

2017-02-04

Zambia suspends importation licenses for oil companies

LUSAKA, Jan. 20 (Xinhua) -- Zambias energy regulator has suspended fuel importation licenses for Oil Marketing Companies (OMCs), a senior official said Friday. The suspension came after the announcement of the Zambian government plan to dis......【More】

2017-01-24

Oil edges up after producer meeting, but high U.S. output weighs

By Henning Gloystein SINGAPORE, Jan 23 (Reuters) - Oil prices edged up on Monday, supported by statements from oil producers over the weekend that a output cut was being successfully implemented, but markets were held back by a surge in dri......【More】

2017-01-23

CANADA STOCKS-TSX Jumps 1 pct as oil rally boosts energy stocks; Trump eyed

* TSX up 161.87 points, or 1.05 percent, at 15,571.68 * All of the TSXs 10 main groups were higher TORONTO, Jan 20 (Reuters) - Canadas main stock index jumped 1 percent on Friday in a broad rally led by resources stocks as oil prices pushed......【More】

2017-01-22

Australian oil and gas giant Santos posts record sales

SYDNEY, Jan. 20 (Xinhua) -- The Australian oil and gas giant Santos has edged ahead of its guidance in its fourth quarter report released Friday, with production and sales volumes reaching record levels. Kevin Gallagher, chief executive off......【More】

2017-01-20

Global oil, gas discoveries drop to 70-year low -Rystad Energy

* Oil and gas discoveries drop to 6 bln barrels in 2016 * Companies reserves replacement ratio drops to 10 pct * GRAPHIC: Global oil discoveries (http://reut.rs/2jK3Qwq) By Ron Bousso LONDON, Jan 18 (Reuters) - Oil and gas discoveries aroun......【More】

2017-01-19

UPDATE 2-Norway awards 56 oil and gas licences in mature areas

By Nerijus Adomaitis and Joachim Dagenborg SANDEFJORD, Norway, Jan 17 (Reuters) - Norway awarded 56 offshore exploration licences on Tuesday, matching last years record number, as it seeks to boost output from acreage located near existing......【More】

2017-01-18

Integrated Oil/Refiners:Potential Impacts of BTA

Impacts broadly negative for refiners。 As the post-election euphoria for US refiners surrounding potential tax cuts andRINs relief begins to fade, the increasingly topical Border Tax Adjustment (BTA)has forced investors to consider its im......【More】

2017-01-17

UPDATE 2-N. Dakota oil output seen below 1 mln bbls/day soon -regulator

By Ernest Scheyder Jan 13 (Reuters) - North Dakotas oil production will likely fall below 1 million barrels per day by the end of January due to harsh winter weather and low oil prices, state regulators said on Friday. Crossing that thresho......【More】

2017-01-16

New oil projects to double in 2017, WoodMac says

* Spending to rise 3pct to $450bln after two years of cuts * U.S. shale to get most investment growth * Deepwater projects set to get green light as costs drop * GRAPHIC: Oil project FIDs (http://tmsnrt.rs/2iAE2BQ) By Ron Bousso LONDON, Jan......【More】

2017-01-12