Month: January 1970

A historic crash in crude prices is driving U.S. shale into full-on retreat with operators halting new drilling and shutting in old wells, moves that …

Oil extended its recovery from Monday’s plunge below zero, but trading remains volatile with the market under intense pressure from a swelling global glut.

Extremely difficult oil market conditions demand very creative, flexible solutions to counteract predatory actions by state actors and protect infrastructure. This is particularly true in …

The OPEC+ coalition is pushing for other major oil producers to join it in a deep reduction of global crude output to stem the historic …

TNK Trading International SA, a Geneva-based Rosneft subsidiary, was sanctioned for helping transport Venezuelan crude oil, the Treasury Department said Thursday in a statement.

The idea of replenishing the Strategic Petroleum Reserve would enable the government to take at least 78 MMbbl off the world market and provide a …

Saudi Aramco is delaying the release of its monthly crude-pricing announcement, an exceptional step by the world’s biggest oil exporter, as it waits to see …

Hedge funds are bracing for more trouble in the oil market, even after crude rebounded for a second week on hopes the coronavirus outbreak’s threat …

U.S. on a downward trajectory as shale industry matures

Oil traded back above $50 a barrel before OPEC and its allies gather Tuesday for an urgent meeting to assess the impact of the coronavirus …

French marine offshore and performance management company Opsealog announced its 2019 Environmental Impact results, having achieved a 10% reduction in gas emissions related to marine …

In today’s episode, Michael Porier, managing director of business and technology consulting firm Protiviti, discusses the evolving cyber security risks associated with digital transformation, and …

An Israeli cybersecurity firm has identified a new type of ransomware that it believes was created by Iran and has the ability to lock up …

Daily Brief podcast, Monday, January 27th

At Davos, energy chiefs tout CO2 capture technologies while Greta Thunberg slams progress; the U.S. shale industry has already peaked for service companies; and oil …

EIA expects that crude oil prices will remain elevated in the first few months of 2020, reflecting a price premium on crude oil from recent …

The UK government has bound by law its target of reaching net zero emissions by 2050, Prime Minister Theresa May announced on 12 June. Britain …

UK Prime Minister Theresa May has praised the UK technology industry for bringing in more than £130bn to the economy each year. The outgoing leader …

SandRidge Energy Inc., the oil and natural gas producer pushed by activist investor Carl Icahn to pursue a sale last year, said CEO Paul McKinney …

Ronald J. (Ron) Bitto, a long-time oil and gas professional and World Oil contributing editor, passed away unexpectedly on Sept. 30, 2019, after a brief …

Saudi Arabia’s oil production was cut by half after explosive drones struck the kingdom’s largest crude-processing plant. The attack caused Brent futures to jump $11.70/bbl …

Energy equity carnage was alive and well throughout 2019, and the start of 2020 could bring more of the same for the beaten-up sector, though …

It’s been two days now, since a large crowd gathered in the outdoor exhibit area of the Global Petroleum Show (GPS), at Calgary’s Stampede Park, …

BP has awarded a contract to Sparrows Group for delivery of deck operations services on the UKCS. The contract win is expected to make Sparrows …

Canadian energy firms have quietly outperformed their U.S. counterparts this year and, even after the run, a chorus of positive outlooks on the sector to …

Quickly turning an epic Wimbledon tennis match into a short highlights package is no easy task – but the lives of broadcasting teams is getting …

The emerging field of AI can help to drive a healthier and fairer economy, according to UK Digital Secretary Jeremy Wright During his opening speech …