The government of Norway has ended a 16-day strike against offshore oil and gas producers and killed the threat of an industry lockout that was set to begin at midnight ... Read Full Story »
An association representing oil companies working on Norway’s continental shelf is preparing for a lockout against striking workers beginning at midnight tonight. If the lockout is enforced, about 6,500 workers ... Read Full Story »
The US Department of Interior’s Bureau of Ocean Energy Management (BOEM) yesterday held a lease sale for 39 million acres of US outer continental shelf open for development. The total ... Read Full Story »
The three major US stock indexes opened higher this morning following the announcement of an interest rate cut in China (our coverage here). Spain sold more than €2 billion in ... Read Full Story »
Oil supermajor Royal Dutch Shell plc (NYSE: RDS-A) has finally nabbed British-based Cove Energy PLC in a deal worth $1.8 billion. In late February shell made an offer of $1.58 ... Read Full Story »
The government of Iraq will prohibit Exxon Mobil Corp. (NYSE: XOM) from participating in the May auction of new leases because the US company last year signed six leases for ... Read Full Story »
Exxon Mobil Corp. (NYSE: XOM) and Russia’s state-controlled oil company Rosneft have revealed some details of a recent deal the two signed which could result in a total investment of ... Read Full Story »
An oil sheen has appeared in the Gulf of Mexico near an area where Royal Dutch Shell plc (NYSE: RDS-A) (NYSE: RDS-B) has operations. The sheen is about 1 mile ... Read Full Story »
A natural gas leak discovered last Sunday at the Elgin field in the North Sea could cost France’s Total SA (NYSE: TOT) billions of dollars in costs to plug the ... Read Full Story »
The US Department of the Interior has approved the spill plan proposed by Royal Dutch Shell plc (NYSE: RDS-A), a nearly final step before the company can proceed with exploratory ... Read Full Story »
A leaking well in the North Sea continues to hamper crude oil production from the Elgin field operated by Total SA (NYSE: TOT). The company has shut-in about 130,000 barrels/day ... Read Full Story »
Oil supermajor Royal Dutch Shell plc (NYSE: RDS-A) announced that the company’s China subsidiary has signed a production sharing contract with China National Petroleum Corp. (CNPC), parent of publicly traded ... Read Full Story »
Under a new development plan released today, China forecasts production growth of natural gas from its shale deposits of around 230 billion cubic feet by 2015, up from zero today. ... Read Full Story »
Royal Dutch Shell PLC (NYSE: RDS-A; RDS-B) reported quarterly earnings early this morning and like counterparts Exxon Mobil Corp. (NYSE: XOM) and Chevron Corp. (NYSE: CVX) piles of profit are ... Read Full Story »