Oil Prices Start the Week Mixed
Posted on Sunday March 24, 2019

The WTI inched downward and the Brent finished slightly positive.

Commodity Traders Face Bribery and Corruption Probes
Posted on Sunday March 24, 2019

The biggest independent oil and metals trading houses are facing bribery and corruption investigations in multiple jurisdictions.

Houston Ship Channel Shutdown Strands 60-plus Vessels
Posted on Sunday March 24, 2019

ITC crews have finally drained pygas from a charred tank after two attempts were unsuccessful.

Tenaris to Buy IPSCO Tubulars for $1.2B
Posted on Sunday March 24, 2019

Steel pipe manufacturer Tenaris S.A. has entered into a definitive agreement to acquire IPSCO Tubulars, Inc. for $1.2 billion.

Crude Oil Wavers Amid Recession Fears
Posted on Sunday March 24, 2019

Anxious traders weighed a slowdown in the global economy.

$77B Earmarked to Boost China's Domestic Oil Output
Posted on Sunday March 24, 2019

China's big three -- PetroChina Co., Sinopec Corp. and Cnooc Ltd. -- are raising combined capital expenditure to about 517 billion yuan ($77 billion), up 18 percent from last year.

RockRose Energy Offers to Buy IOG Debt
Posted on Sunday March 24, 2019

London-based RockRose Energy plc made an offer to buy all of Independent Oil and Gas plc (IOG) debt for £40 million (about $53 million USD) cash.

West African Country Eyes Licensing Wrap-up by June
Posted on Sunday March 24, 2019

Ivory Coast's government is in talks with French and Italian majors

North Sea Oil Output to Drop
Posted on Sunday March 24, 2019

Oil output in the North Sea will drop in May and June.

Strike Action Set for North Sea BP Platforms
Posted on Sunday March 24, 2019

UK union Unite’s Petrofac members working on BP platforms in the North Sea have voted for industrial action.