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Chevron projects $18.3B spending budget, down 4 percent

Chevron Corp (CVX.N), the second largest U.S.-based oil producer, is budgeting $18.3 billion for capital projects next year, the company said on Wednesday, about...

U.S. tax reform supports oil and gas

(Maritime Executive) The U.S. Senate approved a revised Tax Cuts and Jobs Act on Saturday, that API President and CEO Jack Gerard applauds as...

After 2.5 billion barrels Eagle Ford has more oil coming

(Hart Energy) Mark Twain would appreciate irony in the Eagle Ford Shale, where rumors of the play’s impending exhaustion are greatly exaggerated. The Eagle Ford...

Oil heads for two-year high as U.S. stocks shrink ahead of...

Oil headed for its highest close since June 2015 while trading volume surged after U.S. industry data showed crude stockpiles resumed declines and as investors...

Total Chief would review Iran gas deal if new sanctions arose

French oil and gas major Total would have to review its Iran gas project if the U.S. decided to impose unilateral sanctions on Tehran,...

Ecopetrol, Repsol acquire oil blocks in Gulf of Mexico

Colombia’s state-run oil company Ecopetrol ECO.CN, in partnership with Spain’s Repsol (REP.MC), has acquired four new blocks in the Gulf of Mexico for deep...

Keystone Pipeline leaks 210,000 gallons of oil in South Dakota

(CNN) A total of 210,000 gallons of oil leaked Thursday from the Keystone pipeline in South Dakota, the pipeline's operator, TransCanada, said. Crews shut down the...

US leads world in oil and gas production, IEA says

(BBC) International energy markets are set for "major upheaval" as the US cements its status as the world's largest oil and gas producer, while...

Exxon is drilling some extremely long shale oil wells

(Bloomberg) Exxon Mobil Corp. is drilling shale wells that stretch farther than the length of New York’s Central Park. The world’s biggest oil explorer by...

China Energy Investment signs MOU for $83.7B in US projects

(Reuters) - China Energy Investment Corp, the world's largest power company by asset value, has signed a Memorandum of Understanding (MOU) to invest $83.7...

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