US rig count nets 13th consecutive gain
Oil companies set up more drilling rigs in U.S. oil fields over the past week, expanding the nation’s rig count for the thirteenth consecutive week, Baker Hughes said Thursday.
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Dakota Access Pipeline to start deliveries next month
The $3.8billion Dakota Access Pipeline will start interstate crude deliveries next month, a news report said.
Bankers’ fading fear of oil lending is latest boost for shale
Wall Street banks’ growing optimism about the energy industry is the latest boost for US oil and natural gas producers already enjoying higher prices.
Extending output cuts would ‘encourage’ US shale, IEA says
An extension to international production cuts would encourage the rival US shale sector, as it could fill the shortfall, the International Energy Agency (IEA) said today.
ConocoPhillips to net $3bn from San Juan basin sales
ConocoPhillips said today it had agreed to sell its interests in the San Juan Basin in the US south-west for $3billion.
Oil surges as markets react to US strike on Syria
Oil jumped as the U.S. cruise missile attack against Syria riled global financial markets.
Trump ‘preparing order’ to boost offshore oil drilling
President Donald Trump is preparing to issue an executive order with the goal of giving oil companies more opportunities to drill offshore, reversing Obama-era policies that restricted the activity.
Expiring hedges create uncertain 2018 for shale drillers
A surge in hedging contracts is helping U.S. shale drillers ride out the turmoil in global oil markets this year. Next year may not be so easy.
Brent falls below $50, lowest since November, as US stockpiles rise
The price of Brent crude has dropped below $50, the lowest in almost four months, as surging US stockpiles dim optimism that OPEC and its partners output cut will rebalance the market.
Canada oil dependence on US loosens in age of Donald Trump
The Canadian oil patch’s half-century bond to the U.S. market is loosening one tanker load at a time in Donald Trump’s “America First” era. Last month, a ship loaded oil off Newfoundland and set sail on a 10,000-plus nautical mile, or 18,500 kilometer, journey to China, following on the heels of an oil-sands cargo shipped from the U.S. Gulf Coast. India-based Reliance Industries Ltd. is set to receive the first shipment of heavy Canadian crude in April, a person familiar with the orders said last month.
Native Americans rallying in Washington against pipeline works
Native Americans and their supporters are rallying in Washington DC against continued construction of the disputed Dakota Access pipeline.
Oil trader Vitol expects large growth in US crude exports
Vitol Group BV, the trader that shipped the first cargo of U.S. crude after export restrictions ended in late 2015, predicts the country’s oil exports will grow “a lot more” because of rising production in Texas.
US rejects China’s call to halt military drills if North Korea stops missile tests
The United States has rejected China’s proposal for a halt to joint US-South Korean military exercises if North Korea suspends its nuclear and missile activities.
Dakota pipeline protest planned for Washington
Native Americans from across the US are holding a protest in Washington DC against the Trump administration and its approval of the Dakota Access oil pipeline.
Surprise oil price cut shows Saudis foiling sweet US flood
The oil is light, sweet and tempting, with a lot of it made in the U.S. Saudi Arabia’s trying to keep it away from the biggest crude buyers.
TransCanada suspend US law suit over Keystone XL pipeline
TransCanada Corp has suspended a $15billion lawsuit filed against the United States over the Keystone XL pipeline.
UPDATED: Wood Group PSN to pay $9.5million over Gulf of Mexico incidents
Wood Group PSN has been ordered to pay out $9.5million for false reporting of safety inspections and clean water act violations that led to an explosion in the Gulf of Mexico.
Dream of wind turbines off US coast may be too ugly for Trump
Offshore wind companies have spent years struggling to convince sceptics that the future of U.S. energy should include giant windmills at sea. Their job just got a lot harder with the election of Donald J. Trump.
Trump’s defence chief tells Iraq – ‘We’re not here for your oil’
US military chiefs have denied being in Iraq to seize the OPEC nations' oil.
US coal mines are opening in a year of `cautious optimism’
Add Corsa Coal Corp. to the short list of U.S. coal producers doing something that’s become a bit of a rarity these days: opening mines.
BP mulls wind turbine upgrades to compete with gas
BP is weighing plans to update as many as 200 of its U.S. wind turbines with newer, higher-capacity equipment, a move that would represent the company’s biggest investment in renewable energy since its last wind farm came online in 2012.
US rooftop solar makes South Africa’s investec the go-to bank
A South African bank has become the go-to funding source for the U.S. rooftop solar industry just two years after entering the market.
Peterson to develop Gulf of Mexico port
Energy logistics firm Peterson will support the development of a 500-acre deep water staging port that will serve the Gulf of Mexico.
UK to get first shipment of LNG from Peru
Almost a year after the first liquefied natural gas cargo left the Gulf of Mexico, the U.K. is still waiting to claim a slice of American supply. By the end of the month it will, but it won’t be made in the U.S.
US Army to give go-ahead for disputed Dakota pipeline
The controversial Dakota Access pipeline is set to gain the final go-ahead for completion after President Donald Trump asked for a speedy approval.