TEHRAN (Bloomberg) -- Iran approved an outline for a new oil contract model, taking the OPEC member a step closer to welcoming foreign investment in its energy industry and boosting production even more into an oversupplied market. The outl......【More】
2016-08-04NEW YORK (Bloomberg) -- OPECs crude oil output was disrupted in July by militant attacks in Nigeria and political disputes in Libya, according to a Bloomberg News survey. Output from the 13 established members of the Organization of Petrole......【More】
2016-08-03LONDON -- Personal safety performance across oil and gas operations on the UK Continental Shelf (UKCS) continued to improve in 2015, according to the 2016 Oil Gas UK Health Safety Report published Monday. There were no reported fatalities a......【More】
2016-08-02HOUSTON (Bloomberg) -- Exxon Mobil Corp. and Royal Dutch Shell Plc this week reported their lowest quarterly profits since 1999 and 2005, respectively. Chevron Corp.s third straight loss marked the longest slump in 27 years, and BP Plc lodg......【More】
2016-08-01THE HAGUE, Netherlands (Bloomberg) -- Royal Dutch Shell reported the lowest quarterly earnings in 11 years and missed estimates by more than $1 billion as a mix of lower energy prices, weaker refining margins and production halts weighed on......【More】
2016-07-29HOUSTON (Bloomberg) -- If Big Oil was a two-engine airplane, you could say its been flying on a single engine since energy prices crashed in 2014. Now, the second motor is sputtering. The major integrated oil companies, including Exxon Mobi......【More】
2016-07-28LONDON (Bloomberg) -- BP posted a 45% slump in earnings, pointing to a poor set of results from the industry as oil production barely breaks even and profits from refining sputter. The UK company, the first oil major to report second-quarte......【More】
2016-07-27RIPOLI (Bloomberg) -- Two of Libyas biggest oil ports may not re-open soon as the hardening positions of rival factions pose a fresh challenge to international efforts to reunite the country and restore its crude exports. Shipments from Es......【More】
2016-07-26LONDON (Bloomberg) -- For almost two years, the spotlight in the global oil market has been on a surplus of crude. The latest stumble in prices has shown that the glut extends further. As the U.S. shale boom sputters and the nations crude i......【More】
2016-07-25SINGAPORE (Bloomberg) -- Keppel Corp., the worlds largest builder of oil rigs, posted a 48% drop in second-quarter profit as oversupply led to delivery delays for offshore projects, and said it doesnt expect demand for rigs to return soon.......【More】
2016-07-22