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March 26-28,2025

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Industry News
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20 2015-11

Murkowski welcomes approval of U.S.-Mexico oil exchange license

WASHINGTON, D.C. -- U.S. Sen. Lisa Murkowski (R Alaska) has applauded the U.S. Department of Commerces confirmation that the agency did in fact issue a cross-border oil exchange license with.........

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19 2015-11

Petro Waste Environmental acquires landfill permit

SAN ANTONIO, Texas -- San Antonio-based Petro Waste Environmental LP (PWE) today announced the Railroad Commission of Texas (RRC) has issued the company its first permit to operate a non-haz.........

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18 2015-11

Saudi Aramco selects AUMA for Al Wasit Gas contract

MUELLHEIM, Germany -- Approved Saudi Aramco vendor status, strong technical support and strength in after-sales service were key reasons for the selection of AUMA valve control devices at th.........

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17 2015-11

Oil producers hungry for deals drool over Permian basin

DAVID WETHE and DAN MURTAUGH HOUSTON (Bloomberg) -- The worst oil market in decades would be hard to spot in West Texas, where two-lane county roads are still jammed with trucks and energy c.........

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16 2015-11

Oil rigs said touted to debt funds by Norwegian investment banks

LUCA CASIRAGHI and MIKAEL HOLTER OSLO, Norway (Bloomberg) -- Pareto Securities AS is among banks targeting debt funds and private-equity firms to buy oil rigs at firesale prices to hold unti.........

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13 2015-11

OPEC says oil-inventory surplus is biggest in at least a decade

GRANT SMITH VIENNA, Austria (Bloomberg) -- Surplus oil inventories are at the highest level in at least a decade because of increased global production, according to the Organization of Petr.........

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12 2015-11

OPEC challenges shale afresh as Iraq crude floods Gulf of Mexico

NAOMI CHRISTIE HOUSTON (Bloomberg) -- OPECs latest challenge to U.S. shale oil producers would be about two miles long, lined end to end, and weigh almost 3 million metric tons. Its due to r.........

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11 2015-11

Veteran diplomat confirms consensus view at IPAA on Saudi, oil prices

NEW ORLEANS -- As director of Rice Universitys Baker Institute for Public Policy, and a veteran diplomat who served in eight U.S. administrations, Edward Djerejian has a long track record of.........

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10 2015-11

Marathon Oil sells majority of Gulf of Mexico assets for $205 million

HOUSTON -- Marathon Oil Corp. has signed an agreement for the sale of its operated producing properties in the greater Ewing Bank area and non-operated producing interests in Petronius and N.........

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09 2015-11

Current oil price to soon spur demand growth: Saudi oil minister

DUBAI (Bloomberg) -- Oil demand will soon reflect the attractiveness of the current level of crude prices, and Asia will be a vital engine of economic expansion for decades, Saudi Oil Minist.........

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06 2015-11

U.S. oil, gas exports key to more stable global energy markets: ACCF

WASHINGTON, D.C. -- The free trade of Americas abundant energy resources would provide an invaluable opportunity for the U.S. to help strengthen and stabilize global energy markets, especial.........

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05 2015-11

Mexico casts wider net for oil buyers as U.S. interest wanes

MEXICO CITY (Bloomberg) -- Mexico isnt breaking up with U.S. oil refiners, but it sure seems like it wants to see other people. Mexico reduced its crude exports to the U.S. in September to t.........

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04 2015-11

U.A.E. sees crude gaining in 2016 on stronger demand, less shale

MAHMOUD HABBOUSH ABU DHABI (Bloomberg) -- Improving economies in Europe and elsewhere together with a continued decline in output of shale oil point to a recovery in demand for crude and an .........

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03 2015-11

Russian crude output hits post-Soviet record defying price slump

STEPHEN BIERMAN MOSCOW (Bloomberg) -- Russian oil production broke a post-Soviet record in October for the fourth time this year as earlier investments boosted output and producers prove res.........

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02 2015-11

Want to see who’s happy about low oil prices? Look at refiners

HOUSTON (Bloomberg) -- While oil drillers cut spending to the bone, U.S. refiners are reaping a windfall from low oil prices. Tesoro Corp. reported record profit in the third quarter, while .........

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