Bizaare
News
June 07, 2015
Saudi Arabia is trying to maintain its share of the global oil market rather than use its power in OPEC to curb U.S. producers, according to David Petraeus, former director of the Central Intelligence Agency.
News
June 05, 2015
Two London-based companies and certain employees involved in trading West Texas Intermediate crude oil (WTI) and oil futures have agreed to pay $16.5 million to settle a lawsuit accusing the defendants of artificially manipulating the price of oil in order to reap huge profits.
News
June 03, 2015
Oil declined amid speculation that the Organization of Petroleum Exporting Countries may increase its production quota when the group meets on Friday.
News
June 02, 2015
Noble energy has announced that the company will donate $100,000 to the American Red Cross Greater Houston Area Chapter in support of disaster-relief and recovery efforts for the communities affected by floods.
News
April 28, 2015
Returns on state pension funds from investments in oil and natural gas companies continue to provide strong earnings for public pension retirees, including America’s teachers, firefighters and police officers, according to a Sonecon study released Tuesday by API.
News
April 20, 2015
Exxon Mobil and its employees are donating $10 million to higher education institutions across Texas as part of the ExxonMobil Foundation’s 2014 Educational Matching Gift Program.
News
April 17, 2015
TAM International, an independent oilfield services company providing inflatable and swellable packers to the oil and gas industry, has opened a new office in Norway to support the company’s current business and seek further growth.
News
March 30, 2015
Total has completed the divestment of its stake in onshore Oil Mining Lease (OML) 29 to Aiteo Eastern E&P, a Nigerian company, for $569 million. Together with the recently completed divestments of OML 24 and OML 18, Total’s share of sale proceeds from these three onshore Nigerian blocks amounts to over $1 billion.
News
March 30, 2015
In a strategic move to manage its concession portfolio, Loyz Energy Limited has entered into two binding memorandum of understanding (MOUs) with Sun Petrochemicals Private Limited through its exploration and production division, Sun Oil & Natural Gas (SONG).
News
February 19, 2015
NEW DELHI (Bloomberg) -- Police in India’s capital arrested five people for the alleged sale of stolen Oil Ministry documents to energy and consulting companies, in a night-time sting operation targeting crime close to the heart of government.
News
February 02, 2015
DALLAS -- Russian-based oil and gas company Gazprom has successfully defended a claim for $1.37 billon lodged by Moncrief Oil International.
News
January 13, 2015
HOUSTON -- A Houston retailer is offering customers the chance to walk away with $7,000 worth of furniture for free if the price of oil bounces back.
News
January 09, 2015
VERNON, Vermont – The state’s only nuclear plant has stopped sending power to the New England grid after more than 42 years of producing electricity. Bill Mohl, president of Entergy Wholesale Commodities, said economic factors were the primary reasons for the shutdown.
