Industry Highlights
Jun 20, 2019
Chevron Chairman and CEO Michael Wirth reveals why the company didn't make a second higher bid for Anadarko Petroleum Corporation.
Jun 20, 2019
Oil rose after Iran said it shot down a U.S. spy drone in its airspace.
Jun 19, 2019
Oil slips below $54 a barrel after a short-lived spike as anxieties about global trade and a supply glut overshadow record gasoline consumption in the U.S.
Jun 19, 2019
A rocket attack near an Exxon Mobil Corp. workers' camp in southern Iraq had no effect on oil fields or exports, according to a person with knowledge of the matter.
Jun 19, 2019
OPEC+ agreed to hold its next meeting to discuss oil-output cuts on the first two days of July.
Oil and Natural Gas News
Jun 17, 2019
Two bills making the oil and gas industry anxious have survived in the Canadian Senate—one less damaging than its original version and one not.
Jun 17, 2019
In what seems to have become an annual ritual, Pennsylvania Gov. Tom Wolf (D) announced a seemingly new infrastructure development program on June 5 that would rely on his usual proposed revenue source.
Jun 17, 2019
As part of its earlier cooperation agreement with state-owned Sonangol EP, Eni SPA has let a contract to a subsidiary of Maire Tecnimont SPA for an upgrading project involving installation of two new processing units as well as other utilities and offsite…
Jun 17, 2019
A joint venture of Santos Ltd. and Carnarvon Petroleum Ltd. has confirmed a “major” oil and gas discovery with the Dorado well, drilled in the Bedout subbasin about 160 km offshore Port Hedland, Western Australia.
Jun 17, 2019
Brent crude oil spot prices are expected to average $67/bbl this year, which is $3/bbl lower than forecast last month in the US Energy Information Administration’s Short-Term Energy Outlook.