World Wide

Tech Exec: ‘Being Human Will Not Be Profitable’

Technology revolution will reveal a more effective, less costly option for the energy sector, but to the detriment of humans.

Oct 16 2018 - 1:58pm

Offshore Drillers Eye Recovery By 2020

Drillers have been predicting an upturn for more than a year only to disappoint but debt ratings firm Moody’s Investors Services said last month that it believed 2018 could mark the low point for industry earnings.

Oct 16 2018 - 8:25am

What's Affecting Oil Prices This Week (October 15, 2018)?

Brent and WTI have backed off recent highs. Brent fell $2.42/bbl last week to average $82.54/bbl.

Oct 15 2018 - 11:12am

Oil Prices Rise On Saudi Tension; Demand Outlook Drags

Crude oil futures rose on Oct. 15 as geopolitical tensions over the disappearance of a prominent Saudi journalist stoked supply worries, though concerns over the long-term demand outlook dragged on prices.

Oct 15 2018 - 4:00am

IEA: World Oil Market Appears Adequately Supplied

The IEA said in its monthly report that the world’s spare oil production capacity was down to 2% of global demand with further falls likely.

Oct 12 2018 - 9:17am

Oil Edges Further Above $80 But Weaker Demand View Weighs

Oil edged further above $80/bbl on Oct. 12 as a rally in equities lent support, though prices pared most of their gain after a closely watched forecaster deemed supply adequate and the outlook for demand weakening.

Oct 12 2018 - 8:15am

HEADLINES: Hurricane Michael’s Effect On Oil, Gas Production

Plus, Exxon Mobil donates to a PAC promoting U.S. carbon tax, offshore drillers Ensco and Rowan agree to merge and Chevron exits Norway.

Oct 11 2018 - 2:25pm

OPEC Cuts Forecast For Global Oil Demand Growth In 2019

OPEC cut its forecast of global demand growth for oil next year for a third straight month on Oct. 11, citing headwinds facing the broader economy, and key consuming countries in particular, from trade disputes and volatile emerging markets.

Oct 11 2018 - 7:40am

BP Chief Says Oil, Gas Divestment Threatens Energy Security

BP launched a broadside against those calling for investors to sell out of oil and gas companies and warned this approach threatened energy security and the global economy.

Oct 11 2018 - 6:03am

IPC To Acquire Canada’s BlackPearl In Strategic Combination

IPC will acquire BlackPearl for roughly C$622.5 million and combine its assets with IPC’s existing assets in Canada as well as in France, Malaysia and the Netherlands.

Oct 10 2018 - 10:45am