--Light, sweet crude for April delivery rises 76 cents to $102.59 a barrel --Overall inventories grow less than expected --Continued supply reductions at key U.S. delivery point U.S. oil prices rose Wednesday after weekly U.S. ...
South Texas' giant Eagle Ford Shale was the best asset for big US upstream operator EOG Resources in 2013 and will again drive oil growth this year, the company's CEO said Tuesday. Last year Houston-based EOG focused on improving well ...
Tags: Eagle Ford, Oil Growth
Oil futures settled higher Monday on support from firm US equities, geopolitical tensions and an easing of Libyan oil output, but the upside was limited by weak Chinese and eurozone data. NYMEX April crude settled 62 cents higher at ...
Tags: Oil Futures, oil output
Russia's largest oil producer, Rosneft, and petrochemical company Sibur Friday reached an agreement under which the oil producer will sell its 49% stake in a gas processing joint venture to Sibur and guarantee supply of up to 10 billion ...
Tags: Rosneft, Gas, oil producer
The Ugandan government has signed a long awaited deal with UK-based Tullow Oil, Total and China National Offshore Oil Corp, to develop its oil sector, paving the way for the country's first commercial crude production. The pact details ...
Tags: Oil Development, Mineral
Supply offers nation more import sources, enhances energy security Energy-rich Russia has started delivering crude oil to China as of the beginning of the year after the contract signed between the two countries last June, which will ...
Tags: Oil, energy security
Japan's direct-burning crude oil demand for power generation has picked up since late December as a cold spell across the country has increased appetite for loadings into March in the absence of nuclear output, industry and trading sources ...
Tags: crude oil demand, power generation
CORMAN PARK, SK — Manitoulin Transport has announced that it’s opening a new terminal in the rural municipality of Corman Park, Saskatchewan. "Saskatchewan is booming and local businesses must have service partners they can ...
Africa's biggest oil producer seeks balance between its profits and benefits in emerging markets such as China As Nigeria's government prepares to implement the Petroleum Industry Bill that will provide "long-term" investment prospects, ...
Tags: oil producer, Mineral
As China's economy increase slows, the United States' demand growth for oil outstripped China's last year for the first time since 1999, according to the Paris-based International Energy Agency. According to an IEA report, US oil demand ...
Tags: Oil Demand, Mineral
China saw a rise in crude oil imports from Kazakhstan last year via a transnational pipeline to Northwest China's Xinjiang Uygur Autonomous Region. Oil imports hit a record high of 11.85 million tons in 2013 through the China-Kazakhstan ...
Tags: Oil Imports, Mineral
State-owned China National Petroleum Corp said Friday that its total net equity production from its overseas oil and gas projects last year totaled 59.2 million mt of oil equivalent, translating into an average 1.19 million b/d of oil ...
Tags: oil equivalent, Mineral
China's annual crude oil and natural gas output will more than double the current amount by 2030, the Ministry of Land and Resources (MLR) forecast on Wednesday. Peng Qiming, head of the ministry's geological survey department, said at a ...
Tags: Gas Output, Oil
AMEC, the international engineering and project management company, has been awarded a renewed contract by the Kuwait Oil Company (KOC) to provide Project Management Consultancy services for a portfolio of major upstream projects in ...
Tags: AMEC, renewed contract, Kuwait Oil Company
ERHC Energy Inc. (OTCBB: ERHE), a publicly traded American company with oil and gas assets in Sub-Saharan Africa, has completed its airborne Full Tensor Gravity Gradiometry (FTG) survey of Block 11A in northwestern Kenya. Bell Geospace, ...
Tags: ERHC Energy, Sub-Saharan Africa, Full Tensor Gravity Gradiometry