OIL - INDO DAILY

Surveys begin at potential Australian oil and gas giant

Jul 24, 2018 (UPI)

The country said seismic surveys were under way and on pace for completion by the end of August. Seismic surveys are used to get a better understanding of the r...

Qatar, US plan 'expansion' of Al-Udeid airbase

Jul 24, 2018 (AFP)

The two countries have also discussed making Al-Udeid a "permanent" base, the official QNA news agency said, as Doha seeks to bolster ties with Washington at a ...

Oil prices caught between economic, security risks

Jul 24, 2018 (UPI)

Crude oil prices settled down on Monday after a weekend of escalating barbs between U.S. and Iranian leaders. After an initial spike of about 1 percent for the ...

Iraqi oil exports increase despite protests

Jul 24, 2018 (UPI)

Statistics from the State Organization for Marketing of Oil show total June exports of 105.6 million barrels. Provided exports occurred every day last month, th...

Venezuela facing profound economic crisis

Jul 24, 2018 (UPI)

In an outlook on Latin America, the International Monetary Fund noted real gross domestic product for Venezuela is on pace to drop 18 percent this year, the thi...

Offshore Guyana oil and gas potential is massive

Jul 23, 2018 (UPI)

Hess and Exxon Mobil on Monday revised the estimate of recoverable reserves at the Stabroek block off the coast of Guyana from 3.2 billion barrels of oil equiva...

Gunmen storm Iraq Kurdish governor's office, killing one

Jul 23, 2018 (AFP)

Initial reports said two gunmen had stormed the building in Arbil in the early morning, shooting and wounding a policeman. But as the day unfolded, the toll ros...

British groundwater monitors review oil and gas risks

Jul 23, 2018 (UPI)

The British Geological Survey and the nation's Environment Agency said they were working on a consistent way to examine potential contamination. "The U.K. oil a...

U.S.-Iran flare up supportive of crude oil prices

Jul 23, 2018 (UPI)

In an apparent response to a warning from Iranian President Hassan Rouhani of the "mother of all wars," U.S. President Donald Trump took to Twitter at around 11...

Work stoppage begins at Total platforms

Jul 23, 2018 (UPI)

"We can confirm that the strike action on Alwyn, Dunbar and Elgin platforms has gone ahead as planned," John Boland, a regional officer for the labor group Unit...

Russian oil producer Rosneft offers oil price range

Jul 23, 2018 (UPI)

The price for Brent crude oil, the global benchmark, hit its high mark for the year so far on May 22 when it closed at $80.42 per barrel. The run to $80, a mult...

Halliburton sees North America as the best market

Jul 23, 2018 (UPI)

Halliburton reported total revenue for the three months ending June 30 of $6.1 billion, up 4 percent from the first quarter and 24 percent higher than the same ...

Fresh protests in Iraq as medics raise death toll to 11

Jul 22, 2018 (AFP)

Security forces remained deployed around the capital Baghdad after struggling Friday to disperse crowds of angry protesters who took to the streets. Demonstrati...

Xi ends state visit to UAE with raft of deals signed

Jul 21, 2018 (AFP)

"The UAE and China have agreed to enhance cooperation in all fields to higher levels and forge overall strategic partnerships," the official WAM news agency sai...

Spend more, oilfield services company Schlumberger pleas

Jul 20, 2018 (UPI)

"Despite OPEC's recent decision to increase production, the global supply base continues to weaken from geopolitical pressure to remove Iranian production from ...

China probing emerging UAE reserves

Jul 20, 2018 (UPI)

The Abu Dhabi National Oil Co. awarded a subsidiary of China National Petroleum Co. with a $1.6 billion contract to conduct seismic surveys covering about 20,00...

Iran works to revitalize shared oil field

Jul 20, 2018 (UPI)

The official Islamic Republic News Agency reported Friday that local contractors were installing electric submersible pumps at the North Yaran oil field, called...

Baker Hughes sees bright skies ahead

Jul 20, 2018 (UPI)

Baker Hughes, operating for now under the umbrella of General Electric, reported adjusted net income during the second quarter of $41 million, up 7 percent for ...

Though volatile, supply-side woes resurface to push oil prices higher

Jul 20, 2018 (UPI)

Crude oil prices moved erratically in Thursday trading as calls for restraint from Saudi Arabia offset gains in U.S. oil storage and production. There was a bri...

Senators plea for continued offshore oil and gas safety

Jul 19, 2018 (UPI)

The U.S. Interior Department's Bureau of Safety and Environmental Enforcement outlined proposed rules on offshore drilling safety mechanisms like blowout preven...