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SK buys two oil fields in US

08/04/2014
SK Innovation (SKI), the nation’s top oil refiner, announced Monday that it will enter the oil-exploration

Iran sets deadline for China oil giant

08/04/2014
Iran has given China’s oil giant, CNPCI, three months to meet its obligations regarding a massive oil field in Iran

Cnooc Said to Consider Sale of $3.1 Billion Stake in Bridas

08/04/2014
Cnooc Ltd. (883), China’s biggest offshore oil and gas explorer, is considering selling its stake in Argentina’s

Libya Oil Sales to Rise as Rebels Surrender Two Ports

07/04/2014
Libyan rebels surrendered control of two oil ports to the government, potentially enabling the OPEC member to triple crude exports

The energy world has changed

07/04/2014
History is under spotlight. Way back in the mid-80s when Afghan jihad was at its peak, Riyadh on the urging of Washington opened its taps, flooring the oil markets. The mighty

ANALYSIS: Western Canadian gas producers on the upswing, with higher price seen

07/04/2014
A near C$855 million ($800 million) deal unveiled early Monday by Imperial Oil for sale of its liquids-rich gas and

Gudrun on stream

07/04/2014
At 07.25 on 7 April, Statoil and its partners (GDF SUEZ and OMV) started production on the Gudrun oil and gas field in the North Sea. "Gudrun is the first new Statoil-operated platform to

Gazprom Neft CEO says Russian oil company could look eastward if sanctions hit

07/04/2014
Gazprom Neft has not been affected by Western sanctions over Russia's annexation of Crimea but is ready to

Oil slips below $106 as Libya deal eases supply worries

07/04/2014
Brent crude oil fell below $106 a barrel on Monday, snapping a two-day winning streak, after Libyan rebels occupying four eastern

LNG pricing critically important for securing demand: EY report

07/04/2014
Pricing structures will be key in determining the future of LNG exports, says EY in a new report, Competing for LNG demand: the

Russia's Rosneft says starts surveys in Arctic JV with Exxon

07/04/2014
Russia's top oil producer Rosneft said it had started geophysical surveys in the eastern Arctic, advancing work with ExxonMobil despite

Sudan, S. Sudan to resume oil production

07/04/2014
Sudan and South Sudan announced that oil production will be resumed within a week. "The two countries agreed on the necessity to resume and increase the

Venezuela Oil Price Slips

07/04/2014
Venezuela's weekly oil basket stayed below the country's desired $100 a barrel floor, slipping as Brent oil fell and WTI oil prices moved up toward each other. According to figures

Iran Energy Exchange starts crude oil trade

07/04/2014
The first crude oil transaction at Iran Energy Exchange took place on Sunday. Two private refiners bought 2,920 barrels of crude oil at 3.06 million rials (about $122) per

America Shale Oil Less Than Estimated by Energy Old Math

07/04/2014
Jan Arps is the most influential oilman you’ve never heard of. In 1945, Arps, then a 33-year-old petroleum

Fiscal break-even oil prices for major OPEC members

07/04/2014
One of the key drivers of the oil markets is the price at which principal OPEC producers balance their government accounts

Six regions identified with potential oil deposit

07/04/2014
About 40 per cent of Ghana’s land has some quantities of oil deposits, Dr. Joe Asamoah, Managing Director of

Petrobras setbacks threaten 2014 oil, gas production goals

07/04/2014
Brazilian state-run oil company Petroleo Brasileiro SA suffered another setback in its effort to boost oil output

Crude Oil suffers set back as Libya close to restart exports

07/04/2014
Crude Oil prices fell 0.5% at New York Mercantile Exchange (NYMEX) with May delivery WTI Crude settling at

CNOOC, China’s oil darling, posts disappointing results

07/04/2014
When they announced their annual results last week, the overarching theme this year for Chinese
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