» Oil and Gas: Citizen effort to raise taxes on North Dakota oil fizzles
20/02/18 18:00 from PennEnergy News
A citizen-led effort to rework North Dakota's oil tax structure has fizzled.

» Oil and Gas: Israeli gas company announces $15B export deal with Egypt
19/02/18 18:00 from PennEnergy News
Israeli energy company Delek Drilling has announced a $15 billion deal to supply natural gas to Egypt.

» Oil and gas: Houston firm sues ex Venezuelan oil czar Ramirez over bribes
19/02/18 18:00 from PennEnergy News
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.

» Oil and Gas: Facing lawsuit, Exxon denies negligence in oil field death
16/02/18 18:00 from PennEnergy News
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.

» Oil and Gas: Italian oil producer Eni sees jump in profits
16/02/18 18:00 from PennEnergy News
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.

» Oil and Gas: West Virginia House votes to boost natural gas drilling
16/02/18 18:00 from PennEnergy News
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.

» Oil and Gas: Tillerson in Beirut wades into Lebanon-Israel border dispute
15/02/18 18:00 from PennEnergy News
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 al...

» Oil and Gas: Phillips 66 repurchases $3.3B in stock from Buffett's firm
14/02/18 18:00 from PennEnergy News
Warren Buffett's company is selling 35 million shares of its Phillips 66 stock back to the oil refiner for $3.3 billion.

» Oil and Gas: Official: US believes ex-Venezuela oil czar took bribes
13/02/18 18:00 from PennEnergy News
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 t...

» Oil and Gas: US oil output surge 'reminiscent' of run-up to 2014 crash
13/02/18 18:00 from PennEnergy News
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.

» Oil and Gas: Court declines to tear up NJ's $225M settlement with Exxon
13/02/18 18:00 from PennEnergy News
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.

» Oil and Gas: Colorado raising taxes on oil, gas drillers by $4.8M
13/02/18 18:00 from PennEnergy News
Colorado oil and gas regulators are raising taxes on energy developers to help pay for the environmental impacts of drilling.

» Oil and Gas News: Wood wins new contract delivering mega-project for Saudi Aramco
12/02/18 18:00 from PennEnergy News
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 l...

» Oil and Gas: ExxonMobil adds 2.7 billion barrels to reserves
08/02/18 18:00 from PennEnergy News
Exxon Mobil Corporation has added 2.7 billion oil-equivalent barrels of proved oil and gas reserves in 2017, replacing 183 percent of production.

» AVEVA acquires rights to Shell’s engineering design and productivity software
08/02/18 18:00 from PennEnergy News
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.

» Global mobility: a vital differentiator for the energy industry in the age of the millennial workforce
07/02/18 18:00 from PennEnergy News
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.

» Oil and Gas: BP sees five-fold rise in Q4 earnings amid higher oil prices
06/02/18 18:00 from PennEnergy News
BP's fourth-quarter earnings increased five-fold as it benefited from higher oil prices, increased production and lower costs.

» Trump explains support for oil drilling in Arctic refuge
05/02/18 10:59 from PennEnergy News
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.

» Oil and Gas: Vietnam gives life term to oil exec after alleged abduction
05/02/18 09:47 from PennEnergy News
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.

» Oil and Gas: Lebanon blasts Israel over oil exploration near border
02/02/18 18:00 from PennEnergy News
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.

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