If the US ban on oil exports is lifted, the only losers would be refiners that are now benefiting from crude prices cheaper than the global benchmark, said Larry Summers, President Barack Obama’s former economic adviser.
US focused oil and gas company Magnolia Petroleum has announced a new two year credit facility to support its onshore operations.
Consultancy firm Aqualis Offshore is the latest company to capitalise on Mexico's new open oil and gas market approach.
Atkins has acquired US-based Nuclear Safety Associates (NSA) for £9million.
Rame Energy has secured the final loan needed to expedite its next four wind projects.
The course of TransCanada Corp.’s proposed $5.4billion Keystone XL pipeline runs through Nebraska’s highest court, which can either speed the project on to US President Barack Obama or delay it indefinitely.
After years of keeping the price of crude sold to the U.S. low enough to maintain market share, Saudi Arabia is losing ground as the shale boom leaves U.S. refiners with ample supplies of inexpensive domestic oil.
North Dakota’s oil boom has helped curb food poverty, according to a new government report.
Halliburton has agreed to pay $1.1billion to settle a string of lawsuits filed against the firm in relation to its role in one of the most devastating offshore oil spills in US history.
Andes, the Latin America exploration and production group, has strengthened its industry position after agreeing a deal with Trayectoria Oil & Gas (TOG).
US onshore explorer Magnolia Petroleum has sold interests in 24 of its smaller wells as it is looking to reinvest in its core American assets.
A fire broke out after an explosion at a BP refinery in Indiana, which rattled nearby homes.
Global engineering group Wood Group Kenny has won two Brazilian contracts with Petrobras worth $2million.
BP won’t face a $256billion lawsuit brought by a whistle-blower who claimed the company’s Atlantis oil production platform in the Gulf of Mexico was unsafe.
o fight rising medical costs, oil company BP Plc last year offered Cory Slagle -- a 260-pound former football lineman -- an unusual way to trim $1,200 from his annual insurance bill. One option was to wear a fitness-tracking bracelet from Fitbit Inc. to earn points toward cheaper health insurance. With the gadget, the 51-year-old walked more than 1 million steps over several months, wirelessly logging the activity on the device. Twelve months later, Slagle has added to his new exercise regimen by trading burgers for salads and soda for water, dropping 70 pounds (31.8 kilograms) and 10 pant sizes in the process.
Skyrocketing oil production in the Permian Basin has reversed a decades-old price relationship between heavy and light crude in the US’s largest oil patch.
A call was today made for oil and gas companies to play a more active role in the fight against HIV.
dent Energy has successfully farmed into the Hernandarias Block in Paraguay.
Shell has sold two of its assets in two bumper deals.
Petroleos Mexicanos, preparing for the end of its 76-year state oil monopoly, was granted rights to all the proved and probable oil reserves it sought for development as Mexico opens its doors to foreign competition.
Wood Group has picked up a £7.1million contract to manage new energy plant in Texas.