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Industry News

  • Oil Industry Climate Suits Have Poor Track Record
    on January 24, 2020 at 12:00 am

    Attempts to make Big Oil pay for climate change may be impossible. […]

  • Mnuchin Questions Need for Carbon Tax
    on January 24, 2020 at 12:00 am

    U.S. Treasury Secretary Steven Mnuchin called it "a tax on hard working people." […]

  • Oil Prices Down for the Week
    on January 24, 2020 at 12:00 am

    WTI and Brent crude oil prices faltered again Friday. […]

  • US Extends Clampdown on Iran
    on January 24, 2020 at 12:00 am

    The U.S. sanctioned four companies that it says have traded hundreds of millions of dollars worth of Iranian petroleum and petrochemicals in its latest effort to clamp down on the Islamic Republic's revenue sources. […]

  • US Energy Independence Fuels Persian Gulf Insecurity
    on January 24, 2020 at 12:00 am

    The U.S. drive for energy independence fuels Persian Gulf insecurity, according to a new report by Verisk Maplecroft. […]

  • Virus Anxiety Has Oil Poised for Losing Streak
    on January 24, 2020 at 12:00 am

    Oil is heading for the longest run of weekly losses since May on fears China's coronavirus outbreak may dent demand amid plentiful global supplies. […]

  • SARS Oil Demand Implications Proved Transitory
    on January 24, 2020 at 12:00 am

    While SARS was an extreme event, the oil demand implications proved transitory, according to Standard Chartered. […]

  • Oil Prices Fall As Market Weighs Virus Impact
    on January 23, 2020 at 12:00 am

    WTI and Brent crude oil prices finished lower for the third straight trading day. […]

  • Focus Projects Strained McDermott Finances
    on January 23, 2020 at 12:00 am

    'Focus projects', namely Freeport and Cameron LNG, significantly strained McDermott's finances. […]

  • Alarm Over Virus Pushing Down Oil
    on January 23, 2020 at 12:00 am

    Oil extended declines from the lowest close in seven weeks on speculation China's coronavirus outbreak may dent demand as the market tackles a glut of global crude supplies. […]

  • Oil Down as Virus Concern Seen Countering Disruptions
    on January 22, 2020 at 12:00 am

    Oil declined as Goldman Sachs Group said demand concerns over a potential coronavirus epidemic would counter fears of supply disruptions in OPEC producers Libya, Iran and Iraq. […]

  • Are US Anti-OPEC Efforts Fading?
    on January 22, 2020 at 12:00 am

    The current view within the White House is that OPEC's clout "is already waning and there's no pressing need for action". […]

  • Oil Chiefs at Davos Debate Tougher CO2 Cuts
    on January 22, 2020 at 12:00 am

    The bosses of some of the world's biggest oil companies discussed adopting much more ambitious carbon targets at a closed-door meeting in Davos on Wednesday. […]

  • Oil Prices Fall Sharply
    on January 22, 2020 at 12:00 am

    WTI and Brent crude oil prices dropped sharply during midweek trading amid ongoing concerns about key market indicators. […]

  • McDermott Expects to Keep Paying Wages and Benefits
    on January 22, 2020 at 12:00 am

    All of McDermott's businesses are expected to continue to operate as normal for the duration of its recently announced restructuring, the company has confirmed. […]

  • Oil Slides on Plentiful Supply
    on January 21, 2020 at 12:00 am

    Oil fell below $65 a barrel as ample global supplies offset the loss of exports from Libya. […]

  • Oil Prices Settle Lower Amid Libya and Iraq Tensions
    on January 21, 2020 at 12:00 am

    WTI and Brent crude oil prices posted modest declines during Tuesday's session. […]

  • Energy Chiefs Tout CO2 Capture
    on January 21, 2020 at 12:00 am

    Capturing carbon dioxide from the fossil-fuel industry is key to slowing dangerous global warming, energy chiefs said in Davos. […]

  • Oil Pares Gains
    on January 20, 2020 at 12:00 am

    Oil pares gains after rising to the highest in more than a week as projections of plentiful world supplies countered concern about disruptions in Iraq and Libya. […]

  • Evolution Well Services Inks 2-Year Electric Frac Deal
    on January 20, 2020 at 12:00 am

    Evolution Well Services has landed a 24-month deal providing electric fracking services to an unnamed onshore oil and gas producer beginning this quarter. […]

 
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