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March 26-28,2025

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Industry News
The following is the news list page
14 2015-12

Congress eyes tax break for oil refiners in exchange for crude oil exports

WASHINGTON D.C. (Bloomberg) -- Lawmakers in Washington are pushing a tax break for oil refiners as part of a compromise allowing unfettered crude-oil exports for the first time in 40 years. .........

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11 2015-12

Oil giants pledge deeper spending cuts amid prolonged slump

CHICAGO (Bloomberg) -- Some of the biggest oil explorers in the Western Hemisphere are cutting budgets yet again to conserve cash as a plunge in energy markets shows no signs of abating. Con.........

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10 2015-12

Statoil seeks Tanzanian clarification on impact of new oil law

DAR ES SALAAM, Tanzania (Bloomberg) -- Statoil ASA is seeking clarification on Tanzanias new petroleum law and wants to learn how it will affect companies like itself already operating in th.........

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09 2015-12

Canada's oil industry swoons again with crude below $40/bbl

CALGARY (Bloomberg) -- For Canadas oil industry, the bad news wont stop. With OPECs decision on Friday to keep pumping oil in the face of a glut and prices for the commodity falling to their.........

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08 2015-12

OPEC unshackled from quota could add millions of barrels in 2016

VIENNA, Austria (Bloomberg) -- OPECs new free-for-all production stance could lift the lid on millions of barrels of additional crude supply next year. Everyone does whatever they want now t.........

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07 2015-12

OPEC maintains crude production as group defers output target

VIENNA, Austria (Bloomberg) -- OPEC will maintain production at current levels and refrained from setting an official output target, a continuation of the Saudi Arabian-led policy thats driv.........

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04 2015-12

U.S. demand for oilfield chemicals to exceed $10 billion in 2019

CLEVELAND, Ohio -- U.S. demand for oilfield chemicals is forecast to increase to $10.3 billion in 2019, with healthy growth overcoming declines expected in 2015 and 2016. Although low oil pr.........

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03 2015-12

Texas EOR Associates licenses new EOR technologies

DALLAS, Texas -- Texas EOR Associates, a developer of enhanced oil recovery (EOR) technologies and opportunities, has licensed exclusive U.S. waterflood, fracing and gas injection-EOR rights.........

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02 2015-12

Oil steadies after worst month since July, as OPEC members gather

NEW YORK (Bloomberg) -- Oil was little changed after its biggest monthly decline since July as OPEC ministers arrive in Vienna ahead of this weeks policy meeting. West Texas Intermediate fut.........

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01 2015-12

Iran gives investors glimpse of $30 billion in oil deals

TEHRAN, Iran (Bloomberg) -- Iran is targeting about $30 billion in investment by offering 70 oil and natural gas projects to international companies as the Persian Gulf country anticipates t.........

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30 2015-11

Oil pares weekly advance as global supply glut seen growing

NEW YORK (Bloomberg) -- Oil pared its first weekly gain in a month on signs the global surplus will expand and as the dollar increased, reducing demand for commodities as an investment. Futu.........

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27 2015-11

Aker Solutions wins BP contract for work offshore Norway

OSLO -- Aker Solutions won a framework agreement to provide maintenance and modifications services at BP-operated oil and gas fields offshore Norway. The contract has a fixed period of five .........

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26 2015-11

Crude storage tanks nearing their brim spur ‘super contango’

NEW YORK (Bloomberg) -- Surging U.S. crude stockpiles that have filled storage tanks near capacity are widening the discount on immediate oil deliveries. Spreads between monthly oil-futures .........

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25 2015-11

New well confirms deepwater oil find in Potiguar basin's Pitu area: Petrobras

RIO DE JANEIRO -- An extension well has confirmed the presence of oil in the Pitu area, Petrobras has announced. The discovery of this accumulation in the deep waters of the Potiguar basin w.........

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23 2015-11

Global oil job cuts top quarter-million as rigs at five-year low

HOUSTON (Bloomberg) -- The number of jobs gutted from oil and gas companies around the world has now passed the 250,000 mark, with still more to come, according to industry consultant Graves.........

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