OIL - INDO DAILY

US judge dismisses NY climate lawsuit against oil titans

Jul 19, 2018 (AFP)

City authorities filed the suit against BP, Chevron, ConocoPhillips, ExxonMobil and Royal Dutch Shell, hoping to help compensate a $20 billion plan to protect t...

Saudi Aramco examining shares in Saudi petrochemical company

Jul 19, 2018 (UPI)

The oil company better known as Saudi Aramco said it was responding to reports that it was moving on Saudi Basic Industries Corp. to boost its market valuation ...

Expect production cuts without tariff relief, U.S. energy group says

Jul 19, 2018 (UPI)

"The Trump Administration has supported the development of robust domestic energy production. Energy infrastructure projects are complex, expensive, and depend ...

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...

2 Canadian provinces join to fight Trudeau's carbon tax

Jul 19, 2018 (AFP)

Ontario, the country's richest and most populous province, last month elected climate skeptic Doug Ford, a conservative, as its premier. He had vowed during his...

Russia, China urge delay as US seeks to cut off oil to N.Korea

Jul 19, 2018 (AFP)

The United States, seeking to maintain pressure on the North to dismantle its nuclear program, asked a UN sanctions committee last week to ban further fuel ship...

BHP Billiton: U.S. onshore exit proceeding as planned

Jul 18, 2018 (UPI)

Last year, CEO Andrew Mackenzie said the company determined that its U.S. shale assets were not core parts of the portfolio. BHP spent $336 million total on U.S...

Libya oil issues remain, but investors remain interested

Jul 18, 2018 (UPI)

The U.N.-backed National Oil Corp. on Tuesday suspended the loading of crude oil at the Zawiya port in western Libya after unknown assailants kidnapped employee...

Total advances renewable energy projects in Brazil

Jul 18, 2018 (UPI)

Total in September paid about $275 million to acquire a 23 percent stake in renewable energy company Eren, naming the new entity Total Eren. The renewable energ...

Oil prices fall on rising inventory levels

Jul 18, 2018 (UPI)

A survey of analysts from commodity pricing group S&P Global Platts revealed expectations of a decline in commercial crude oil inventories in the world's larges...

3-year agreement reached for Brazil offshore infrastructure

Jul 17, 2018 (UPI)

The French field services company said it secured the agreement, which includes a two-year renewable option, with Petróleo Brasileiro, known more commonly as P...

Wasteful gas flaring starting to decline, World Bank says

Jul 17, 2018 (UPI)

The United Nations and World Bank in 2015 endorsed a goal of zero routine flaring by 2030. The aim, which has support from 27 governments and more than two doze...

Oil prices face more pressure early Tuesday

Jul 17, 2018 (UPI)

Crude oil prices fell dramatically on Monday on commitments from major oil suppliers and a report from the International Monetary Fund on fragility in the globa...

GasBuddy: U.S. gas price stability masking some volatility

Jul 17, 2018 (UPI)

Motor club AAA reported a national average retail price of $2.87 for a gallon of regular unleaded gasoline on Tuesday, relatively stable over the last month. Th...

Transocean delivers one-two rig contract punch

Jul 17, 2018 (UPI)

Transocean announced it leased its ultra-deepwater Development Driller 1 to the Australian subsidiary of Chevron for an 11-well contract, which would extend out...

IEA frets over global spending on energy

Jul 17, 2018 (UPI)

The IEA in its world energy investment report found total global energy investments declined 2 percent from 2016 to reach $1.8 trillion last year. Of that, most...

Iran lodges complaint against US over renewed sanctions

Jul 17, 2018 (AFP)

Tehran filed its case with the International Court of Justice on Monday arguing that the renewed sanctions, which had been lifted under a 2015 nuclear deal, vio...

Kurdish oil production jumps by more than 60%

Jul 17, 2018 (UPI)

After completing testing on its fourth well in the Peshkabir field in the Tawke license area in the Kurdish north, the company said the increase put the target'...

Iraqi media: Oil-rich Basra is a 'battlefield'

Jul 16, 2018 (UPI)

Iraqi newspaper Al-Mada said internet service in much of the country is out and national security forces are accused of using "excessive" force to dispel protes...

Slow-growth concerns drag oil prices lower

Jul 16, 2018 (UPI)

The lack of spare capacity on a market balanced delicately between supply and demand leaves little room for supply-side shocks from conflict in Libya, political...