(Offshore Energy) U.S. Gulf of Mexico oil operators Anadarko and Shell have evacuated workers and shut production from some of its platforms ahead of the tropical depression Harvey. Worth noting, Harvey could become the first hurricane to hit the...
(BBC) Mining giant BHP Billiton will sell its US shale assets after pressure from shareholders to offload the underperforming business.
The miner said a number of parties are interested in the assets and it is "actively pursuing options to exit".
Shareholder...
(Reuters) Total is buying Maersk Oil in a $7.45 billion deal which the French oil major said would boost its earnings and cash flow, and bolster its dividend prospects.
Danish company A.P. Moller-Maersk is selling its Maersk Oil division to Total to focus...
(Bloomberg) Oil output from major U.S. shale plays is poised to reach a fresh record next month, further complicating OPEC’s efforts to support prices.
The gain is being led by the oil-rich Permian basin of Texas and New Mexico, where production...
(Reuters) - BP has started producing gas from two new projects offshore Trinidad and Tobago and Australia; the company said on Monday, further boosting output that is helping the company to turn a corner after a bruising market downturn.
Gas...
(Bloomberg) Repsol SA pulled all foreign workers from its oil fields in Venezuela amid a deepening political crisis, while Chevron Corp. and Total SA have removed a small number of employees, said people with knowledge of the companies. Norway’s...
(Offshore Energy Today) U.S. oil company Kosmos Energy tightened its net loss and tripled oil revenues during the second quarter 2017. The company has decided to once again reduce its capex for the year by $50 million.
According to its...
From New Jersey down to Texas, oil companies have come to depend on crude-soaked Venezuela to feed their massive refineries
The tanker Paramount Helsinki docked in Pascagoula, Mississippi, last week bearing the lifeblood of Chevron Corp’s refinery there: 532,000 barrels...
(Bloomberg) Venezuela’s state-owned oil company and its partners have quietly started working on a Plan B to find markets for the country’s crude oil if the White House ratchets up sanctions and bans imports.
Venezuela’s oil exports are vital to...
(BBC) The US government has branded Venezuela's President Nicolás Maduro "a dictator" and frozen any US assets, after he held a controversial poll to elect a constituent assembly.
Under the sanctions, US firms and individuals are banned from doing business...
