OIL - INDO DAILY

Jun 25, 2018 (UPI)

Washington host's this year's World Gas Conference, which kicks off Tuesday. U.S. speakers include Energy Secretary Rick Perry and U.S. Sen. Lisa Murkowski, R-A...

Hundreds of birds stricken after Rotterdam oil spill

Jun 25, 2018 (AFP)

The Norwegian tanker Bow Jubail on Saturday crashed against a jetty in western Europe's largest port, spilling the heavy bunker fuel into the section of the har...

Arbitration sought over access to Senegal's oil

Jun 25, 2018 (UPI)

The company, which has headquarters in London and a core focus offshore West Africa, announced Monday talks initiated with the government in Senegal over offsho...

Brent crude oil prices fall further on OPEC production pledge

Jun 25, 2018 (UPI)

Brent, the global benchmark for the price of oil, continued its downturn from Friday after members of the Organization of Petroleum Exporting Countries solidifi...

Russia sees oil leverage with Saudi partnership

Jun 25, 2018 (UPI)

Russian Energy Minister Alexander Novak sat next to his Saudi counterpart, Khalid al-Falih, at a regular meeting for the Organization of Petroleum Exporting Cou...

Drilling plans outlined for Israeli offshore natural gas

Jun 25, 2018 (UPI)

Energean said it decided on plans for drilling in the Karish North prospect in the Mediterranean Sea before the end of March. This will be the first of seven ef...

Dutch govt seals gas deal once quake-hit field closes

Jun 25, 2018 (AFP)

The Netherlands announced in March it will halt all extraction from Europe's largest gas field by 2030 after years of damaging earthquakes in the northern regio...

Mongolia builds first refinery to ease Russian fuel dependence

Jun 22, 2018 (AFP)

India's Home Minister Rajnath Singh attended the ceremony along with Mongolian Prime Minister Khurelsukh Ukhnaa in a remote corner of the Gobi Desert. Mongolia ...

Oil depots in Libya recaptured

Jun 21, 2018 (UPI)

Al-Jazeera reported Thursday that forces led by Khalifa Haftar "claim" they've captured oil depots in eastern Libya. Libya's National Oil Corp. this week lost s...

Brazil opens door to oil production advances

Jun 21, 2018 (UPI)

A compromise solution from the National Agency of Petroleum reduced fines for non-compliance and made it easier for companies to meet exploration and production...

Gulf Keystone expecting more oil from Kurdish north of Iraq

Jun 21, 2018 (UPI)

The company said Friday it reached an agreement with the Kurdish Ministry of Natural Resources and MOL Hungarian Oil & Gas to invest enough in northern Iraqi oi...

Trump erases Obama-era offshore rules

Jun 21, 2018 (UPI)

President Donald Trump signed an executive order Tuesday that supports access to marine data and encourages interaction among stakeholders in ocean, coastal, an...

Norway's oil and gas production could be declining

Jun 21, 2018 (UPI)

The Norwegian Petroleum Directorate, the nation's energy regulator, reported in its annual resource forecast that just under half of all the expected resources ...

Shell dumps interest in two Norwegian fields

Jun 21, 2018 (UPI)

Shell's subsidiary in Norway sold its entire 44.56 percent interest in the Draugen field and its 12 percent in the Gjøa to Norwegian energy company OKEA. OKEA ...

Shell continues divestment streak with Thai gas sale

Jun 21, 2018 (UPI)

Shell's natural gas subsidiary said it sold its 22.2 percent stake in the Bongkot field to Thai company PTT Exploration & Production Public Co. Ltd., PTTEP, for...

Colorado sees bottlenecks crimping oil production

Jun 21, 2018 (UPI)

Colorado crude oil production more than tripled since 2010 and now accounts for about 4 percent of the total U.S. crude oil production. Anadarko Petroleum, one ...

U.S. economy less exposed to oil price shocks

Jun 21, 2018 (UPI)

The U.S. economy is expanding at a rate above 2 percent, jobless rates are at historic lows, and wages are improving, though some metrics indicate wages aren't ...

Venezuelan production woes expected to continue

Jun 21, 2018 (UPI)

Lingering production declines from Venezuela are supporting higher oil prices. The price for Brent crude oil, the global benchmark, is up nearly 70 percent from...

Offshore Guyana on par with the Permian basin

Jun 21, 2018 (UPI)

Exxon Mobil Corp. and partner Hess Corp. announced their eighth oil discovery off the coast of Guyana earlier this week. Steve Greenlee, the president of Exxon'...

Signs of OPEC consensus on output pushing oil prices lower

Jun 21, 2018 (UPI)

The International Energy Agency has said the oil market is close to even in terms of the balance between supply and demand. Oversupply during the middle of the ...