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March 26-28,2026

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Industry News
The following is the news list page
03 2016-05

Oil falls below $45 as Iraq exports approach record

NEW YORK (Bloomberg) -- Oil declined for a second day as Iraqs exports approached a record high in April, adding barrels to a worldwide supply glut that has pushed prices lower. Futures sett.........

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29 2016-04

Top oil service firms mull North America retreat as losses mount

HOUSTON (Bloomberg) -- Two of the three largest oil rig operators and fracers are considering pulling back from the North American market as losses mount. Schlumbergerafter posting its first.........

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28 2016-04

WTI climbs above $45 amid U.S. crude output drop, Fed statement

NEW YORK (Bloomberg) -- Oil closed above $45/bbl in New York for the first time since November after U.S. crude output dropped and Federal Reserve policy makers signaled theyre open to raisi.........

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27 2016-04

Crude oil increases as excess global stockpile seen shrinking

NEW YORK (Bloomberg) -- Oil rose amid signs that a global surplus is gradually diminishing, even as markets remain oversupplied. Futures climbed as much as 2.4% in New York after slipping 2..........

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26 2016-04

Saudi prince says Aramco valuation above $2 trillion

RIYADH, Saudi Arabia (Bloomberg) -- Saudi Arabias Deputy Crown Prince Mohammed bin Salman said he expects the value of Saudi Arabian Oil Co. to exceed $2 trillion as the kingdom prepares to .........

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22 2016-04

Oil megaprojects dreamed up a decade ago thrive amid price slump

HOUSTON (Bloomberg) -- Oil production in some of the riskiest, highest-cost regions of North America is still thriving, even as the worst slump in a generation takes a bite out of U.S. shale.........

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21 2016-04

Aibel wins contract for BP’s Glen Lyon FPSO

STAVANGER, Norway -- Aibel has been awarded a contract for yardstay and assistance with the final preparations of the Glen Lyon FPSO. The vessel arrived in Haugesund, Norway, on Wednesday. W.........

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20 2016-04

Cyberhawk UAV performs first commercial oil and gas inspection in Qatar

LIVINGSTON, Scotland -- Cyberhawk Innovations, a leader in aerial inspection and survey using unmanned aerial vehicles, has completed the first ever commercial oil and gas inspection in Qata.........

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19 2016-04

Saudi's other warning makes oil traders sweat after Doha failure

LONDON (Bloomberg) -- After his comments thwarted supply negotiations in Doha, oil traders are weighing another implied warning from the Saudi deputy crown prince: the threat of an intensify.........

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18 2016-04

Saudi prince says he could add a million barrels immediately

DIRIYAH, Saudi Arabia (Bloomberg) -- Saudi Arabia could raise crude production by more than a million barrels a day immediately, said the kingdoms Deputy Crown Prince, as he reiterated the n.........

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14 2016-04

Oil can top $50 with production freeze deal, Bank of America says

CHARLOTTE, North Carolina (Bloomberg) -- Oil prices can climb above $50/bbl if an output freeze deal is struck in Doha this weekend, according to Bank of America Corp. A flat output profile .........

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13 2016-04

Oil producers risk severe impact on prices if freeze deal fails

LONDON (Bloomberg) -- The early success of an oil supply accord between OPEC and Russia in reviving crude prices is magnifying the potential costs of failure if producers meeting this weeken.........

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12 2016-04

Kuwait targets oil output at 43-year high as freeze talks loom

KUWAIT CITY (Bloomberg) -- Kuwait Oil Co. will soon offer contracts for offshore rigs and support services to drill its first undersea wells as the Persian Gulf nation tries to boost crude o.........

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11 2016-04

Reports of oil rally's death premature as inventories decline

NEW YORK (Bloomberg) -- Hedge funds betting that oils rally was over missed an 11% gain after U.S. crude inventories unexpectedly fell. Short positions in West Texas Intermediate crude jumpe.........

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08 2016-04

Oil and gas capital spending set for record drop in Canada

OTTAWA (Bloomberg) -- Canadas oil and gas companies will slash investments by 35% in 2016, a record two-year decline that underscores a need for new pipelines, the industrys main advocacy gr.........

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