Energy Transfer goes silent on Dakota Access after Trump move
Energy Transfer Partners LP got a boost on Tuesday when President Donald Trump threw his weight behind its controversial Dakota Access oil pipeline.
PetroChina Warns Net Income Dropped as Much as 80% in 2016
PetroChina Co., the country’s biggest listed oil and gas producer, said full-year income in 2016 fell by as much as 80 percent.
Oil industry hopes for more as Trump reverses Obama policies
“My God, this is going to be refreshing," Kelcy Warren, the Texas billionaire behind the controversial Dakota Access pipeline, said days after Donald Trump swept to victory.
Aramco said to seek advisers for world’s biggest share sale
Saudi Arabian Oil Co. is asking banks including Goldman Sachs Group Inc. and HSBC Holdings Plc to pitch for an advisory role on its initial public offering as it pushes ahead with plans for the world’s largest share sale, three people with knowledge of the matter said.
Trump said to plan orders approving Keystone, Dakota pipelines
President Donald Trump intends to sign two executive actions today that would advance construction of the Keystone XL and Dakota Access pipelines, according to a person familiar with the matter.
Aramco said to seek advisers for world’s biggest share sale
Saudi Arabian Oil Co. is asking banks including Goldman Sachs Group Inc. and HSBC Holdings Plc to pitch for an advisory role on its initial public offering as it pushes ahead with plans for the world’s largest share sale, three people with knowledge of the matter said.
Robots are taking over oil rigs as roughnecks become expendable
The robot on an oil drillship in the Gulf of Mexico made it easier for Mark Rodgers to do his job stringing together heavy, dirty pipes. It could also be a reason he’s not working there today.
Oil rises near $53 as Iraq says close to full OPEC cut pledge
Oil advanced to trade near $53 a barrel as Iraq said it’s close to implementing its share of pledged output curbs agreed with OPEC to trim bloated global inventories and stabilize the market.
Asia grabs record North Sea crude oil as OPEC cuts supply
Asia’s oil refineries are turning to the North Sea for crude supplies like never before as their primary suppliers restrict output in an effort to eliminate a glut.
Chevron slams Canadian backdoor in $9.5 billion pollution fight
Now entering its 24th year, an international legal war seeking to hold Chevron Corp. liable for oil pollution in the Amazon has featured battles in courtrooms ranging from the U.S. to Ecuador to Canada. In a blow to Ecuadorian villagers who contend the company sullied their lands, an Ontario judge last week protected Chevron’s Canadian assets from being seized as part of the fight.
Trump’s vow to break from OPEC oil imports echoes old refrain
U.S. President Donald Trump’s pledge to make America independent from OPEC isn’t a new refrain in Washington.
California utilities want $1bn to aid electric car use
California’s utilities are asking for more than $1 billion to spend on electric car-charging stations that will help the state meet its goal of getting 1.5 million zero-emissions vehicles on the road by 2025.
OPEC, Russia meet in Vienna for first check on oil cuts progress
Representatives of OPEC and several other major oil producers will start arriving in Vienna on Friday for their first meeting to monitor compliance with an agreement to cut output.
Trump rumoured to name LaFleur as chair of US Energy Regulator
President-elect Donald Trump plans to name Cheryl LaFleur chairman of the Federal Energy Regulatory Commission, two insiders have claimed.
Trump aides said to prepare list of first days changes on energy
Donald Trump’s advisers have prepared a short list of energy and environmental policy changes he can take within hours of being sworn in Friday, including steps to limit the role that climate change plays in government decisions.
Maersk IPO plans won’t derail bid for Dong’s $2.8bn unit
A.P. Moller-Maersk A/S Chief Executive Officer Soren Skou’s newly disclosed plans that he favors a stock-exchange listing for his energy units won’t prevent him from buying Dong Energy A/S’s oil and gas fields first.
Africa’s biggest bank chasing Nigerian deals after oil slump
The crisis in Nigeria is throwing up opportunities for Africa’s largest bank.
Explorers in oil bright spot seek tax breaks to spur output
Explorers in the world’s fastest-growing oil market are seeking lower taxes on crude produced domestically to encourage fresh drilling as India tries to reduce its dependence on energy imports.
China’s Cnooc to raise spending 1st time since oil’s plunge
Cnooc Ltd. plans to raise capital spending for the first time since crude began its crash in 2014 as China’s biggest offshore oil and gas producer prepares for life after the slump and a second year of falling output.
Perry says he regrets calling for closing energy department
Donald Trump’s choice for Energy secretary apologized for calling for the shuttering of the department he is now being asked to lead, saying he know understands the importance of its role.
Oil resumes advance as report shows US crude stockpiles drop
Oil resumed gains after the biggest drop in more than a week as industry data showed U.S. crude stockpiles declined, while OPEC and other producing nations trim production to ease a global glut.
Aker ASA said to be in talks for sale of Aker Solutions
Aker ASA, the investment company controlled by Norwegian billionaire Kjell Inge Rokke, is considering a sale of offshore-engineering business Aker Solutions ASA, according to people familiar with the matter.
Oil’s surprise strength is speeding OPEC goal, Saudi says
The surprising strength of the oil market is the main reason why OPEC could end output cuts by the middle of the year, Saudi Arabia’s energy minister said.
In break with Trump, interior pick says climate change no hoax
Donald Trump’s nominee to lead the Interior Department broke with the president-elect’s portrayal of climate change as a hoax, arguing that he has seen tangible evidence the world is warming.
Libya oil output said to rebound with power returning at fields
Libya’s oil production rebounded to about 700,000 barrels a day after dipping temporarily due to power outages that disrupted operations at some of the OPEC member’s fields.