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March 26-28,2025

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Industry News
The following is the news list page
24 2016-08

Oil Search says second PNG greenfield project may not proceed

PORT MORESBY, Papua New Guinea (Bloomberg) -- Oil Search Ltd. said development of a second standalone LNG export terminal in Papua New Guinea is unlikely with Exxon Mobil Corp. and Total SA .........

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23 2016-08

Oil ends longest gain in 4 years on Nigeria, Iraq supply boost

NEW YORK (Bloomberg) -- Oil retreated, halting the longest run of gains in four years as Iraq sought to increase exports amid a global oversupply and Nigerian militants called an end to host.........

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19 2016-08

Crude oil disruptions in Nigeria increase as a result of militant attacks

WASHINGTON, D.C. (EIA) -- Crude oil production disruptions in Nigeria reached 750,000 bpd in May 2016, the highest level since at least January 2009. The increased disruptions come as milita.........

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18 2016-08

Oil gives pause to Kazakhstan's wealth fund on asset sales

SINGAPORE (Bloomberg) -- The crash in crude prices may have nudged Kazakhstan toward its biggest wave of privatization in history, but its wealth fund is now willing to bide its time for a r.........

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17 2016-08

Venezuela oil exports seen falling as economic woes worsen

NEW YORK (Bloomberg) -- The long decline in Venezuelas oil production is becoming a supply risk for international markets, according to a report by Columbia Universitys Center on Global Ener.........

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16 2016-08

Oil market hears what it wants, but it's just chatter: Column

NEW YORK (Bloomberg Gadfly) -- As long as there are eager buyers of bridges, there will be willing sellers. Oil has rallied 8% over the past week or so on the pleasingly oxymoronic notion of.........

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15 2016-08

Oil rises to weekly gain as Saudis reiterate wish for stability

NEW YORK (Bloomberg) -- Oil climbed to its biggest weekly advance since April as Saudi Arabia signaled its prepared to discuss stabilizing markets at informal OPEC discussions next month aft.........

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12 2016-08

IEA sees oil market rebalancing despite record Gulf production

PARIS (Bloomberg) -- Global oil markets will continue to re-balance this year as a pick-up in demand from refiners absorbs record output from several Persian Gulf producers, the Internationa.........

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11 2016-08

Taqa second-quarter loss widens on lower oil, gas prices

DUBAI (Bloomberg) -- Abu Dhabi National Energy Co., the government-controlled utility known as Taqa, reported a wider loss in the second-quarter as lower oil and natural gas prices crimped r.........

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10 2016-08

Oil bear market attracts record bets on further price slide

NEW YORK (Bloomberg) -- Hedge funds have gone all-in on lower oil prices, counting on seasonal weakness to play out again this year. Money managers increased wagers on declining crude prices.........

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09 2016-08

Oil trades near two-week high as investors weigh OPEC talks

NEW YORK (Bloomberg) -- Oil traded near the highest in two-weeks as investors weighed whether OPEC members will be able to agree on any production limits when they hold informal talks in Alg.........

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08 2016-08

Libya starts work at biggest oil port in step to increase output

Libya starts work at biggest oil port in step to increase output By HATEM MOHAREB, SALMA EL WARDANY on 8/7/2016 RAS LANUF, Libya (Bloomberg) -- Libya has started maintenance work at Es Sider.........

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05 2016-08

Oil above $100/bbl was ‘abnormal,’ OPEC’s new chief says

VIENNA, Austria (Bloomberg) -- Oils climb above $100/bbl before prices crashed in 2014 was driven by abnormal conditions that couldnt last, according to OPECs new Secretary-General. The skyr.........

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04 2016-08

Iran adopts oil contract as glut no barrier to production boost

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 producti.........

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03 2016-08

OPEC output disrupted in July on Nigeria attacks, Libya dispute

NEW 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 .........

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