Thu, 20 Oct 2016 00:00:00 GMTFormer PDVSA President Rafael Ramirez denied as "irresponsible lies" a Venezuelan congressional investigation accusing the state oil company of corruption to the tune of $11 billion during his decade-long tenure.
Thu, 20 Oct 2016 00:00:00 GMTOil prices settles down more than 2%, as a resurgent dollar encouraged players to take profit on the previous day's rally.
Thu, 20 Oct 2016 00:00:00 GMTSchlumberger reports a better-than-expected quarterly profit and said it expected improved activity in onshore North American, Middle Eastern and Russian markets next year.
Thu, 20 Oct 2016 00:00:00 GMTFMC Technologies expects to continue its restructuring efforts following layoffs of 1,000 worldwide in this year's third quarter.
Thu, 20 Oct 2016 00:00:00 GMTAn increase in rigs being put back to work in US shale fields is largely being driven by smaller oil companies.
Thu, 20 Oct 2016 00:00:00 GMTThe World Bank raises its crude oil price forecast for 2017 to $55 a barrel from $53.
Thu, 20 Oct 2016 00:00:00 GMTWith renewed apparent stability in commodity prices and investor appetite gaining strength, energy companies are looking toward the stock market for investment funds.
Wed, 19 Oct 2016 00:00:00 GMTEnbridge is laying off 5% of its workforce after an organizational review, a spokeswoman says.
Wed, 19 Oct 2016 00:00:00 GMTOil prices traded to some of the highest levels seen in over a year.
Wed, 19 Oct 2016 00:00:00 GMTExxonMobil says ample production from US shale regions will keep prices subdued for years to come, disagreeing with others in the industry who have warned about a looming shortage.
Wed, 19 Oct 2016 00:00:00 GMTExplorers are drilling longer and longer wells, running thousands of feet sideways to tap as much of the crude-bearing rock as possible.
Tue, 18 Oct 2016 00:00:00 GMTVenezuela has tapped its vice-minister for hydrocarbons to be the South American country's new governor to OPEC.
Tue, 18 Oct 2016 00:00:00 GMTOil settles higher as expectations of OPEC output curbs lifted prices despite forecasts that data would show a second straight weekly build in US crude stockpiles.
Wed, 19 Oct 2016 00:00:00 GMTIran opens up bidding with new terms on oil projects, but sanctions preclude US companies from participating.
Wed, 19 Oct 2016 00:00:00 GMTThe offshore rig market is currently in its worst slump since the mid-1980s, according to the October 2016 issue of RigOutlook.
Tue, 18 Oct 2016 00:00:00 GMTSM Energy says it will buy 35,700 net acres in West Texas's Howard and Martin counties for about $1.6 billion.
Tue, 18 Oct 2016 00:00:00 GMTThe deepwater oil industry is not dead, even after the brutal drop in oil prices in recent years, executives say.
Tue, 18 Oct 2016 00:00:00 GMTThe global demand for oil is rising and will probably continue to push prices higher, Norway's Oil and Energy Minister Tord Lien says.
Tue, 18 Oct 2016 00:00:00 GMTBP chief executive Bob Dudley expects oil to trade at $50-$60 a barrel next year, he said on Tuesday, adding that his company would break even at prices slightly below $55.
Tue, 18 Oct 2016 00:00:00 GMTHunger for Iran's cheap oil will lure some foreign companies, but questions remain on how much it will cost commodity prices.