Business / Energy

Chevron sees ‘boom boom boom’ Permian despite signs of slowdown 22 Oct 2019 - 10:41 pm

Chevron Corp. sees a "boom boom boom kind of economy” in West Texas, shrugging off signs of a Permian Basin slowdown showing up...

Eni chief: No drilling off Cyprus if Turkish warships appear 10 Oct 2019 - 09:38 pm

NICOSIA, Cyprus: The chief executive of Italian energy firm Eni said Thursday his company won't go ahead with any gas drilling in Mediterranean...

Oil gets temporary support from production cuts 25 Sep 2019 - 08:26 am

Doha: Oil prices witnessed consecutive gains after declining for the first two trading sessions in September. The gains came on the back of...

Vietnam to abolish import tax on crude oil from November 17 Sep 2019 - 03:24 pm

HANOI: Vietnam will abolish an import tax on crude oil from November, the government said on Tuesday, as the Southeast Asian country becomes...

House votes to bar Arctic drilling; Senate action unlikely 13 Sep 2019 - 09:12 pm

WASHINGTON: The Democratic-controlled House on Thursday voted to reinstate a decades-long ban on oil and gas drilling in Alaska's Arctic National Wildlife Refuge...

Oil tycoon T Boone Pickens dies at age 91 11 Sep 2019 - 09:31 pm

OKLAHOMA CITY: T Boone Pickens, a brash and quotable oil tycoon who grew even wealthier through corporate takeover attempts, died Wednesday. He was...

Big Oil investments bet on failure to meet climate goals: report 08 Sep 2019 - 09:23 pm

Paris: Oil and gas projects approved by major fossil fuel companies over the last 20 months threaten both shareholder value and efforts to...

Venezuelan oil exports fall to lowest level in 2019 as U.S. sanctions bite 03 Sep 2019 - 06:46 pm

Venezuela's oil exports fell in August to their lowest level in 2019, internal reports and Refinitiv Eikon data showed, hurt by a halt...

Trump EPA proposes easing methane limits at oil and gas operations 29 Aug 2019 - 07:50 pm

WASHINGTON: The Trump administration on Thursday proposed rescinding Obama-era limits on oil and gas industry emissions of methane, one of the main pollutants...

BP redraws its American map in historic shift south from Alaska 29 Aug 2019 - 04:58 pm

BP Plc has closed one chapter in its U.S. business, exiting Alaska decades after transforming the state into an oil powerhouse. Now it’s...

Libya's largest oil field shut down over pipeline closure 21 Jul 2019 - 05:38 pm

CAIRO: Libya's national oil company has suspended operations at the country's largest oil field over the "unlawful" closure of a pipeline valve, in...

Italian, Chinese majors vie in Pakistan's mega LNG tender 19 Jul 2019 - 05:10 pm

LONDON/SINGAPORE: Italian oil major Eni , China's overseas energy unit PetroChina and two trading houses are vying to supply liquefied natural gas (LNG)...

Oil declines as global economic woes outweigh standoff with Iran 04 Jul 2019 - 06:50 pm

Oil declined as concerns that slowing economic growth will stymie energy demand outweighed worries that a confrontation with Iran may threaten supplies. Futures...

OPEC deal points to weaker oil demand and takes toll on US grades 02 Jul 2019 - 08:47 pm

OPEC’s deal to extend oil production cuts reinforced concerns over a weak demand outlook, taking down Brent crude and the U.S. physical markets...

Canada aboriginal pipe dream might end Trudeau's Trans Mountain nightmare 02 Jul 2019 - 07:31 pm

CALGARY, Alberta/WINNIPEG, Manitoba: An indigenous-led group plans to offer to buy a majority stake in the Trans Mountain oil pipeline from the Canadian...

Climate campaigners 'greatest threat' to oil sector: OPEC 02 Jul 2019 - 06:32 pm

Vienna: OPEC's secretary-general has complained of what he called "unscientific" attacks on the oil industry by climate change campaigners, calling them "perhaps the...

Oil-state Republicans want USDA banished from biofuel waivers 29 Jun 2019 - 10:14 pm

A dozen Republican senators are insisting that U.S. Agriculture Secretary Sonny Perdue stop intervening in government decisions over granting oil refineries exemptions from...