OPEC crude basket rises to $29.90
OPEC crude basket rises to $29.90
FG Orders Oil Firm to Pay Unremitted N81.6 Billion
“Apparatus for Performing Oil Field Laser Operations” in Patent Application Approval Process (USPTO 20160017661)
“Lump Conditioner for a Mixer” in Patent Application Approval Process (USPTO 20160016131)
Smart Energy Storage System, sonnenBatterie, is ready for Hawaii with HECO Approval
Territory Generation Selects Clarke Energy to Deliver GE’s Gas Engines in Major Northern Territory Power Infrastructure Upgrade
From Reuters U.S. President Barack Obama will launch a long-shot bid next week to impose a $10-a-barrel tax on crude oil that would fund the overhaul of the nation’s aging transportation infrastructure, the White House said on Thursday. The proposed fee, which would be paid by oil companies and phased in over five years, was quickly met with scorn by

On January 14, 2015, PetroQuest Energy (ticker: PQ) took appropriate steps addressing its current $350 million senior unsecured 10% high-yield issue (CUSIP 716748AA6) due in September 2017. PetroQuest will seek to offer to exchange up to $300 million of the $350 million for up to (i) $75 million of cash, (ii) $202.5 million aggregate principal amount of its newly issued
Saudi Arabia continues its plan to protect market share Saudi Arabia today cut prices of its oil to customers in major markets including Europe, Asia and the Mediterranean in the hopes of defending its market share. The move is seen as a reaction to Iran’s return to global oil markets. Saudi Arabia discounted even its best-quality crude, similar in quality
Alberta Oilsands Inc. Appoints New Interim Chief Financial Officer

Pool of companies in Moody’s lowest credit rating grows; but risk of bankruptcy is minimal for a few standouts Continued pressure from low oil prices has prompted Moody’s Investor Service to put 264 companies in its lowest credit rating, just shy of a record high 291 in April 2009. The growing number of companies included in Moody’s lowest credit rating
US Oil Sands Inc. Provides Project and Financing Update