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March 26-28,2025

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Industry News
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19 2017-05

Anadarko’s Walker: Oil won’t move past $60/bbl before 2020, industry needs NAFTA

HOUSTON -- Crude oil prices have varied widely in the past year, and Anadarko CEO Al Walker doesnt think prices will extend beyond the $50-$60/bbl range before the end of the decade. Walker .........

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17 2017-05

Petrobras posts net income of $1.4 billion in first quarter 2017

RIO DE JANEIRO -- Petrobras net income was R$4.4 billion in first quarter 2017, reversing the loss recorded in the same period of last year. This result reflects the companys outstanding ope.........

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16 2017-05

U.S. firm to construct oil, gas filter plant for Iran: report

TEHRAN, May 11 (Xinhua) -- The U.S. Pall Corporation has reached an agreement with the Iranian Panid Engineering Co. to build a plant for manufacturing filters for Irans oil industry, Tehran.........

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15 2017-05

Extension of oil output reduction pact likely for 6 months or more: Russian energy minster

MOSCOW, May 13 (Xinhua) -- An agreement on oil output cuts reached by major oil-producing countries is likely to be extended for another six months or even longer, Russian Energy Minister Al.........

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12 2017-05

Former OPEC member's Byzantine rules seen shooing away explorers

JAKARTA (Bloomberg) --Red tape, rising costs and declining crude prices are throttling exploration in Indonesia, the former OPEC member that now produces less oil than it uses. Only 20% of t.........

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11 2017-05

TDI-Brooks International to perform site survey in the Caribbean

COLLEGE STATION -- TDI-Brooks International, Inc. has been selected to perform three site surveys and an Environmental Baseline project in the Caribbean. Two well sites are at a depth of app.........

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10 2017-05

Exxon, Petrobras said to hold talks on strategic partnership

RIO DE JANEIRO (Bloomberg) --Exxon Mobil Corp. and Petrobras have held talks on a strategic partnership that could involve multiple assets in Brazil and overseas in different segments of the.........

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09 2017-05

Venezuela braces for possible U.S. oil sanctions

HOUSTON (Bloomberg) --Venezuela would be hit from two directions if the U.S. were ever to impose oil-related sanctions against the South American nation where at least 30 have died in anti-g.........

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08 2017-05

Iran buys gear to shield gas output from any new U.S. sanctions

TEHRAN (Bloomberg) --Iran is buying equipment to avert a possible disruption in output at its share of the worlds biggest natural gas field, in the event the U.S. decides to impose additiona.........

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05 2017-05

No decision made by Russia on extending oil output cut: Kremlin

MOSCOW, May 4 (Xinhua) -- Russia has not yet decided to extend the Vienna agreement on oil output reduction into the second half of 2017, the Kremlin said Thursday. No decisions have been ma.........

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04 2017-05

Magellan evaluates new Texas oil pipeline

NEW YORK, May 3 (Reuters) - Magellan Midstream Partners LP (MMP.N) is evaluating a new pipeline to transport crude and condensate from the Permian Basin to Corpus Christi in Texas, its top e.........

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03 2017-05

UPDATE 1-Total to explore offshore Senegal for oil and gas

PARIS/DAKAR, May 2 (Reuters) - Total (TOTF.PA) has signed an agreement to explore for oil and gas off Senegals Atlantic coast, boosting the prospect of major oil developments in the West Afr.........

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02 2017-05

UPDATE 1-U.S. Supreme Court sides with Venezuela over oil rigs claim

(Recasts first paragraph, adds background on case, details from decision, paragraphs 2-13) By Lawrence Hurley WASHINGTON, May 1 (Reuters) - The U.S. Supreme Court on Monday tossed out a lowe.........

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28 2017-04

UPDATE 1-Oil major Total approves first major project since 2014 as Q1 profits jump

* Totals Q1 net profit jumps 56 percent year-on-year * Oil production rose 4 percent in the quarter * Total sanctions Argentina Vaca Muerta shale project * Maintains 2017 guidance stated in .........

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27 2017-04

COLUMN-Drilling costs rise as U.S. oil, gas activity picks up: Kemp

(John Kemp is a Reuters market analyst. The views expressed are his own) * Chart 1: (http://tmsnrt.rs/2q6RNzc) * Chart 2: (http://tmsnrt.rs/2oL30Sg) * Chart 3: (http://tmsnrt.rs/2oLo37c) * C.........

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