Khafji oil field restart seen bearish for Mideast crude market – Platts


MarketPulse (blog)
Khafji oil field restart seen bearish for Mideast crude market
Platts
The Middle East sour crude complex is likely to come under bearish pressure on news of Kuwait and Saudi Arabia agreeing to restart production from the 300,000 b/d offshore Khafji oil field, but the market was slow to react Wednesday in the absence of a …
Kuwait and Saudi Arabia to Resume Shared Oil Field ProductionMarketPulse (blog)
Kuwait Says It Agrees With Saudis to Restart Joint Oil FieldBloomberg
Kuwait says agrees with Saudi to restart Khafji oilfieldReuters Africa
ArabianBusiness.com –Yahoo News
all 114 news articles »

Shell investigated in Italy over Nigeria oil field – source – Reuters UK


Reuters UK
Shell investigated in Italy over Nigeria oil field – source
Reuters UK
MILAN Italian prosecutors are investigating Royal Dutch Shell (RDSa.L) as part of a probe into the acquisition of an off-shore oil field in Nigeria, the Anglo-Dutch company said on Wednesday. “We can confirm we have received notice of proceedings from
Shell investigated in Italy over Nigeria oil fieldSeeking Alpha
Royal Dutch Shell Gets Probed By Italian Authorities Over Nigeria Oil Field Purchase (NYSE:RDS.A)Sonoran Weekly Review
Shell Under Investigation in Italy Over Nigerian Oil DealWall Street Journal

all 68 news articles »

One oil field service company sells, another sheds in latest shakeout – The Bakersfield Californian


The Bakersfield Californian
One oil field service company sells, another sheds in latest shakeout
The Bakersfield Californian
Meanwhile, Technical Wireline Services Inc., a Bakersfield oil field service company founded 40 years ago, recently announced it has joined forces with a company looking to establish a foothold in the Central Valley to prepare for what it sees as

Ingenu and KON?AR Partner with Shell to Deliver Digital Oilfield Connectivity to Nigeria Pipeline Facility – Business Wire (press release)


FierceMobileIT
Ingenu and KONČAR Partner with Shell to Deliver Digital Oilfield Connectivity to Nigeria Pipeline Facility
Business Wire (press release)
SAN DIEGO & ZAGREB, Croatia–(BUSINESS WIRE)–Ingenu, the pioneer in delivering connectivity exclusively to machines, and KONČAR INEM, a producer of industrial electronics and power electronics devices and systems, today announced the delivery of …
Oil giant Shell pockets $1M in pipeline savings with IoTFierceMobileIT

all 4 news articles »

$50 Oil As Soon As May? – OilPrice.com


24/7 Wall St.
$50 Oil As Soon As May?
OilPrice.com
After staging a 50 percent rally between February and March, oil prices have bounced around, moving up or down on a given day depending on the news cycle. The persistent glut and rising storage levels weigh on crude prices, but falling production
Crude Oil Price Increases Gain After Inventory Report24/7 Wall St.
Oil Prices Give Up GainsWall Street Journal
Oil inventories spook investors, WTI ends at $38.32CNBC
Reuters –Arab News –Reuters UK
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Oil Price Crash Cost $1800 In Income For Every Canadian, BoC Says – Huffington Post Canada


Globalnews.ca
Oil Price Crash Cost $1800 In Income For Every Canadian, BoC Says
Huffington Post Canada
The oil crash has wiped out about $60 billion of Canada’s annual national income, or about $1,800 per year for every Canadian, the Bank of Canada says. In a speech in Edmonton Wednesday, bank deputy governor Lynn Patterson also said Canadians …
Economy will take at least 2 years to adjust to oilprice decline: Bank of CanadaGlobalnews.ca

all 14 news articles »

Oil Price Slump: Energy Sector Bracing For A Rough First-Quarter Earnings Season As Producers Are Hammered – International Business Times


International Business Times
Oil Price Slump: Energy Sector Bracing For A Rough First-Quarter Earnings Season As Producers Are Hammered
International Business Times
Oil and gas tankers are seen anchored off Marseille harbour, southeastern France, October 27, 2010, as port workers continue their strike. Photo: REUTERS; Texas Oil Prices A pumpjack sits on the outskirts of Midland, Texas, in the Permian Basin oil
Impatient Banks: A Real Red Flag For The Oil PatchOilPrice.com

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Oklahoma oil services company helps boosts production through new technology – KOCO Oklahoma City


KOCO Oklahoma City
Oklahoma oil services company helps boosts production through new technology
KOCO Oklahoma City
Flogistix, a manufacturer for the oil and gas industry, recently launched a new Downhole Services division. Through this division, the company is offering new technology to their clients which can help boost production and cut costs. Mims Talton, the

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Kuwait, Saudi agree to resume output at disputed oilfield – Yahoo News


Yahoo News
Kuwait, Saudi agree to resume output at disputed oilfield
Yahoo News
Khafji is jointly operated by Kuwait Gulf Oil Co. (KGOC) and Saudi Aramco Gulf Operations, while Wafra is operated by KGOC and Saudi Arabian Chevron. Industry sources say Kuwaiti authorities were unhappy with Saudi Arabia for renewing an operating …
Kuwait says agrees with Saudi to restart Khafji oilfieldReuters Africa
Oil slides on Kuwait-Saudi oilfield agreementTimes of India
Kuwait says agrees with Saudi to resume Khafji oilfield opsArabianBusiness.com
ABC News –Reuters
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Three dead, many injured in another pipeline explosion at Agip's oil field – Premium Times


Premium Times
Three dead, many injured in another pipeline explosion at Agip’s oil field
Premium Times
The National Oil Spill Detection and Response Agency (NOSDRA) has confirmed a pipeline blast at an oil field operated by Nigeria Agip Oil Company (NAOC) in Bayelsa. Three maintenance workers died in the explosion which reportedly occurred during …
Three feared dead in Agip Oil pipeline explosionDailyPost Nigeria
Bayelsa pipeline explosion kills 3 oil workersVanguard
3 Feared Dead In Agip Oil Pipeline ExplosionThe Whistler

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Oilfield Chemicals – Global Strategic Business Report 2016-2020 – Research and Markets – Business Wire (press release)

Oilfield Chemicals – Global Strategic Business Report 2016-2020 – Research and Markets
Business Wire (press release)
This report analyzes the worldwide markets for Oilfield Chemicals in US$ Million by the following Products: Drilling Fluids, Cementing Chemicals, Production Chemicals, EOR (Enhanced Oil Recovery) Chemicals, Stimulation Chemicals, and Completion …
Oilfield Process Chemicals Market 2016 is poised to reach $11.34 billion by 2022NetDugout

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Report: Oil price slump costs Texas 65000 energy jobs — and 250000 overall – Dallas Morning News (blog)


Dallas Morning News (blog)
Report: Oil price slump costs Texas 65000 energy jobs — and 250000 overall
Dallas Morning News (blog)
The Permian and Bakken basins were among U.S. oil regions aided by a drilling renaissance in shale rock, but a plunge in the world price of oil has idled rigs and cost jobs — 65,000 oil and gas jobs in Texas, a new report says. (Brittany Sowacke

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Appeals court upholds ruling in 2014 Rochester Hills oil lease lawsuit – The Oakland Press


The Oakland Press
Appeals court upholds ruling in 2014 Rochester Hills oil lease lawsuit
The Oakland Press
Appeals court upholds ruling in 2014 Rochester Hills oil lease lawsuit. Members of Don’t Drill the Hills gathered for a TV interview at Musson Elementary in Oakland Township in 2015. Photo courtesy of Don’t Drill the Hills. By Paul Kampe, The Oakland

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What Low Oil Prices Really Mean – Harvard Business Review


Harvard Business Review
What Low Oil Prices Really Mean
Harvard Business Review
Since the start of 2016, oil prices have swung between $27 and $42 per barrel, about a quarter of the 2008 peak crude oil price of $145. On February 16, oil ministers from Saudi Arabia, Russia, Qatar, and Venezuela agreed to a tentative deal to freeze
Oil price rise ends three-session declineTelegraph.co.uk
Does Saudi Arabia’s Play For Market Share Make Sense?OilPrice.com
Oil Prices Edge Down Amid Little-Improved Supply PictureWall Street Journal
Money Morning –CNBC –MarketWatch
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Low Oil Prices Forcing Saudi Arabia To Modernize Economy – OilPrice.com


CBC.ca
Low Oil Prices Forcing Saudi Arabia To Modernize Economy
OilPrice.com
The collapse in oil prices is forcing Saudi Arabia to undertake some deep and fundamental changes to its economy, reforms that no amount of browbeating from organizations like the IMF could induce. A new report from The Atlantic Council finds that the …
Saudi Arabia Sets A $20-$40 Price Range For Crude Oil, For NowForbes
Alberta and oil prices: How Middle East geopolitics and religion affect our futureCBC.ca
Oil Recovery Hits Saudi Devaluation BetBloomberg
The Inquisitr –The National
all 45 news articles »

U.S. Lifted The Crude Oil Export Ban, And Exports Went…Down – OilPrice.com


FX News Call
U.S. Lifted The Crude Oil Export Ban, And Exports Went…Down
OilPrice.com
Just over three months after the authorities lifted the four-decade ban on crude oil exports, the U.S. has actually exported less this year than it did over the same period the year before, when the ban was still in place. According to Clipper Data
Crude Oil Prices Up In Asia, Can Recovery Continue?FX News Call
Oil Prices Won’t Stage a Serious Rebound Until Crude Oil Storage Decreases By Nick CunninghamAl-Jazeerah.info
Terrorism & The US Dollar Weigh On Oil PricesFX Empire
Economic Calendar
all 17 news articles »