TheNewswire
Calgary, AB – Zenith Energy Ltd., (“Zenith” or the “Company”), (LSE:ZEN); (TSXV:ZEE); (OSE:ZENA-ME), the international oil & gas production company, is delighted to announce that it has signed a conditional share purchase agreement (“SPA”) with AIM quoted Anglo African Oil & Gas …
London — Iranian proxy militias are thought to be smuggling crude oil from western Iraq to Syria, picking up a lucrative business left behind by the Islamic State, according to witnesses and people with knowledgeof the illicit …
The agreement over a shared region could bring more oil to the global market and benefit Chevron.
Saudi Arabia and Kuwait said Tuesday that they were ending a long-running dispute over oil fields in a strip of land …
BEIJING/SINGAPORE – China and the United States have agreed terms of a Phase 1 trade deal under which the United States reduced some tariffs and Beijing canceled retaliatory duties that were scheduled to take effect on Dec. 15.
Before …
Business Wire
The Lisa field off shore Guyana has a multi-national group of corporations starting production including ExxonMobil (NYSE:XOM), Esso Exploration, Hess Corporation (NYSE: HES) and CNOOC Limited. -Oil&Gas360.
ExxonMobil today announced that oil production has started from the Liza field …
This week’s Baker Hughes rig count shows that U.S. numbers increased by 14, resulting in the total count increasing to 813 rigs. Canada decreased over last week by 4 rigs, resulting in a total Canadian count of 149 rigs.
Shares of Royal Dutch Shell dipped 0.7% in trade Friday after the firm announced that it will book additional charges against its income in the fourth quarter.
The Anglo-Dutch energy giant said it expects to log a fourth-quarter …
LONDON – Oil prices fell on Friday, but were set for a third straight weekly gain after the easing of U.S.-China trade tensions, which has boosted business confidence and the outlook for global economic growth.
Brent LCOc1 was down …
LONDON – Oil prices hovered near three-month peaks on Thursday, buoyed by falling U.S. crude inventories and thawing trade relations between the United States and China.
Brent crude futures were up 19 cents at $66.36 a barrel at 1447 …
If 2019 was the year when a clutch of Middle East markets burst into the mainstream, then 2020 will test whether the foreign money keeps flooding in.
The year opened with five Gulf Arab economies joining JPMorgan Chase …
Gibson Energy Announces One Million Barrel Expansion at Hardisty Terminal
…
Oil briefly touched $61 a barrel for the first time in three months as strengthening outlooks for manufacturing and trade buoyed demand prospects.
Futures closed 1.2% higher on Tuesday in New York, just 6 cents shy of the …
The golden age of U.S. shale is far from over, with an expected slowdown in the Permian Basin likely to be temporary, according to the new U.S. Energy Secretary.
The shale boom helped transform the U.S. into a …
NEW YORK (Reuters) – Oil prices steadied on Wednesday after U.S. government data showed a decline in crude inventories and on expectations for an uptick in demand next year on the back of progress in resolving the U.S.-China trade …
U.S. commercial crude oil inventories (excluding those in the Strategic Petroleum Reserve) increased by 1.1 million barrels from the previous week. At 446.8 million barrels, U.S. crude oil …
BEIRUT – Syria’s parliament has approved contracts for oil exploration with two Russian companies in an effort to boost production hit by more than eight years of war and Western sanctions.
State news agency SANA said the deals cover …
JP Morgan on Tuesday raised its oil price outlook and forecast supply-demand balance to tighten next year against the backdrop of the OPEC and its allies increasing output cuts and stronger economic growth in emerging markets.
The investment bank …
Oil edged higher to settle at a three-month high on optimism that a partial trade deal between the world’s two largest economies will spur demand for fuel to power trucks, trains, airplanes and cars.
Futures closed above the …
Goldman Sachs on Monday raised its 12-month commodity returns forecast by 3% to 6.4% citing an improved outlook for oil after an OPEC-led agreement to curb output further as well as agriculture sector supply concerns.
“Policy clarity” after the …
Prices at the pump have fallen to their lowest levels since March – just in time for the holiday travel break – even though crude oil values have risen in recent weeks.
Seasonal declines in fuel prices and …
Calgary, Alberta and Houston, Texas–(Newsfile Corp. – December 16, 2019) – PetroTal Corp. (TSXV: TAL) (AIM: PTAL) (“PetroTal” or the “Company“) is pleased to provide an update on its operations and production …
San Antonio pipeline operator Epic Midstream reached two important milestones in Corpus Christi — its first crude oil export shipment and moving forward with a plan to build a new natural gas liquids processing plant.
In a statement …
The nation’s tally of active drilling rigs held flat this week as rising U.S. crude oil prices flirted with the $60 per barrel threshold, according to the weekly count from the Houston oilfield services firm Baker Hughes.
…
Houston Chronicle
Exploration and production spending on North American shale is expected to plunge by 12 percent next year because of modest oil prices, weaker cash flows and increased restraint desired by shareholders, according to a new report from the …
NEW YORK – Oil rose on Friday to its highest in nearly three months as investors cheered progress in resolving the U.S.-China trade dispute and a decisive general election result in Britain.
China’s Vice Finance Minister said the first …
Oil rebounded from the previous session’s loss, though the outlook remained clouded by rising U.S. stockpiles and concern that OPEC and its allies aren’t taking enough action to balance the market.
Futures added 0.6% to trade near $59 …
Drilling activity in the booming Permian Basin must accelerate just in order to maintain current production volumes, according to a new report from the research firm IHS Markit.
The Permian’s oil output has risen rapidly in recent years …
The total potentially recoverable oil-equivalent resources for Anchor are estimated to exceed 440 million barrels.
Chevron Corporation (NYSE: CVX) announced today it has sanctioned the Anchor project in the U.S. Gulf of Mexico. This marks the industry’s first …
