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March 26-28,2025

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Industry News
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30 2017-09

Oil prices retreat from recent gains

NEW YORK, Sept. 28 (Xinhua) -- Oil prices fell on Thursday after gaining sharply in the past two weeks. The West Texas Intermediate for November Delivery dropped 58 U.S. cents to settle at 5.........

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29 2017-09

Shale drillers, oil sands producers need crude above $50/bbl for boom to last

CALGARY (Bloomberg) --Shale drillers and oil sands producers have posted some healthy profits so far this year, but itll take oil consistently above $50/bbl for their investments to pay off .........

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28 2017-09

Oil prices fall on profit-taking

NEW YORK, Sept. 26 (Xinhua) -- Oil prices declined on Tuesday as investors took profits from recent rally. The West Texas Intermediate for November Delivery lost 34 U.S. cents to settle at 5.........

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27 2017-09

Oil rally puts bulls on top, but $60-plus oil could be tough to sustain

LONDON and SINGAPORE (Bloomberg) --Oil bulls are back in the drivers seat with $60/bbl in sight, but it could be a short ride. OPEC and Russia are cutting output deeper than ever, demand is .........

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26 2017-09

Block Energy acquires 100% interest of two fields in Georgia

LONDON -- Block Energy, an exploration and production company focused on the Republic of Georgia, has announced that it has agreed to acquire the outstanding 31% working interest in, and to .........

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25 2017-09

Transocean retires six floaters

ZUG, Switzerland -- Transocean announced today its intent to retire the ultra-deepwater floaters GSF Jack Ryan , Sedco Energy , Sedco Express , Cajun Express , and Deepwater Pathfinder , and.........

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22 2017-09

IPAA responds to dismissal of hydraulic fracturing rule case

WASHINGTON, D.C. -- Independent Petroleum Association of America (IPAA) President and CEO Barry Russell issued a statement in response to a U.S. appeals courts dismissal of a hydraulic fract.........

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21 2017-09

Oil prices waver as oil refineries restart

NEW YORK, Sept. 18 (Xinhua) -- Oil prices settled mixed on Monday as oil demand is seen decreasing with refiners set to begin seasonal maintenance. The West Texas Intermediate for October de.........

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20 2017-09

BNK Petroleum commences Brock 9-2H well fracture stimulation in Oklahoma

CAMARILLO, California -- BNK Petroleum Inc. has announced that fracture stimulation completion operations on the previously drilled Brock 9-2H well have commenced. The fracture stimulation i.........

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19 2017-09

Oil hits another wall, fails to sustain rally above $50

NEW YORK (Bloomberg) --Oil hit a wall again, failing to sustain a rally above $50/bbl for a third straight session. Thats partly because demand typically drops this time of year as many crud.........

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18 2017-09

Oil prices climb after IEA report

NEW YORK, Sept. 13 (Xinhua) -- Oil prices climbed on Wednesday, as the International Energy Agency (IEA) reported a surplus of crude supply was starting to decline. The West Texas Intermedia.........

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15 2017-09

Oil breaches $50 for first time in more than a month amid demand resurgence

NEW YORK (Bloomberg) --Oil topped $50/bbl for the first time in more than a month amid heightened optimism that a demand resurgence is in the offing. Futures rose as much as 1.7% in New York.........

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14 2017-09

Africa Energy Corp. acquires shares in Namibia

VANCOUVER -- Africa Energy Corp. has announced the acquisition of one-third of the shares in a subsidiary of Pancontinental Oil Gas N.L. that holds a 30% participating interest in Petroleum .........

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13 2017-09

Norway prime minister wins second term as insurgency against oil fizzles

OSLO (Bloomberg) --Prime Minister Erna Solberg became Norways first Conservative Party leader in over three decadesto be re-elected as a movement to stop further oil exploration in western E.........

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12 2017-09

Hedge funds flip-flop as Harvey shakes up crude market

NEW YORK (Bloomberg) --Harveys got hedge funds caught in a whirlwind. Just after the storm triggered the biggest rush to a more bearish stance on West Texas Intermediate crude since 2007, th.........

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