Industry News

This is news related to the energy sector.  Clicking on stories below will take you to the publisher's website.


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A citizen-led effort to rework North Dakota's oil tax structure has fizzled.

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Israeli energy company Delek Drilling has announced a $15 billion deal to supply natural gas to Egypt.

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Venezuela's former oil czar Rafael Ramirez was sued Friday by a Houston company that alleges he was behind demands for at least $10 million in bribes to sign off on deals to sell its energy assets in the South American country.

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Italian gas and oil giant Eni says its fourth-quarter profits rose more than five-fold to 2.1 billion euros ($2.6 billion) thanks to higher gas prices and record production.

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The West Virginia House voted 60-40 on Thursday to allow drilling for natural gas beneath property where 75 percent of owners of its royalty interests agree.

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Representatives of Exxon Mobil Corp. are denying that the company acted negligently in the case of a worker who died while checking an oil storage tank in eastern Montana.

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U.S. Secretary of State Rex Tillerson on Thursday said he had positive discussions in Lebanon on how to break a "stalemate" with Israel over gas drilling rights along the countries' disputed maritime border and maintain calm along the volatile frontier.

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Warren Buffett's company is selling 35 million shares of its Phillips 66 stock back to the oil refiner for $3.3 billion.

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A leading energy watchdog says that the boom in U.S. oil production is reminiscent of the rise in output that eventually led to the 2014 crash in crude prices.

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A New Jersey appeals court on Monday turned down a request from environmental groups and a former state senator to undo a $225 million pollution settlement between the state and Exxon Mobil.

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Colorado oil and gas regulators are raising taxes on energy developers to help pay for the environmental impacts of drilling.

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U.S. prosecutors believe that Venezuela's former oil czar and ambassador to the United Nations received bribes as part of an alleged multibillion-dollar graft scheme in the South America nation's oil industry, an official familiar with the U.S. investigation said Monday.

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The contract is part of Saudi Aramco’s multi-billion dollar Marjan Crude Increment Program; one of the company’s oil and gas mega-projects designed to enhance its energy sustainability, diversify the economy, expand gas production, and localise domestic content.

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Exxon Mobil Corporation has added 2.7 billion oil-equivalent barrels of proved oil and gas reserves in 2017, replacing 183 percent of production.

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The agreement sees AVEVA draw on its 3D visualisation and digital data management expertise to further enhance the software both for Shell and other operators.

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Millennials are often the subject of unfair negative stereotypes - lazy, entitled, narcissistic but such aspersions are far off the mark. In reality, this generation– is coming into its own in terms of careers.

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BP's fourth-quarter earnings increased five-fold as it benefited from higher oil prices, increased production and lower costs.

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President Donald Trump said Thursday he "really didn't care" about opening a portion of Alaska's Arctic National Wildlife Refuge to oil drilling but insisted it be included in tax legislation at the urging of others.

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A court in Vietnam gave a second life prison sentence Monday to a former executive at Vietnam's state oil giant accused of corruption and who Germany said was kidnapped from there by Vietnamese agents last year.

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Lebanon's energy minister vowed Thursday that Beirut will go ahead with oil and gas exploration near its maritime border with Israel, despite Israeli claims to the field that provoked wide condemnation in the tiny Arab country.