petroleum

Views Of Tankers & Refineries As Oil Trades Near 12-Year Low

Ex-Citgo Executives Imprisoned in Venezuela File $400 Million Lawsuit vs. Oil Firm

Alirio and Jose Luis Zambrano, two of the six Citgo executives who were trapped and imprisoned in Venezuela, have accused their former company of abandoning them in a lawsuit filed in Houston.

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Views Of Largest U.S. Oil Hub As Stockpile Growth Slows

Oil Prices Drop Below $80 After US Oil and Petroleum Reserve Reach Highest Level

US crude inventories reaching record highs led to further declines in oil prices, with West Texas Intermediate dropping below $80 per barrel, surprising traders and reducing investor confidence.

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Exxon Mobil to shell out $10.75mln to New York over oil spill cleanup costs

Exxon Mobil Corp will pay $10.75 million to New York State reimbursing costs on oil spill cleanup. The payment will cover New York Environmental Protection and Spill Compensation fund's costs.

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US oil, natural gas drilling dropped lowest since 1940

The US drilling activity for oil and natural gas declined to record low since 1940 in the wake of weaker oil prices in the global markets. Oil firms are also reducing their spending budgets this year owing to adverse conditions in the markets

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BEA: Residential and commerical real estate investments are in the uptrend, albeit very low

The Bureau of Economic Analysis (BEA) released its second quarter advance GDP report, fund inflows into office space segment (commercial construction) is on recovery path, but still showing pressure as it hovering about 33% lower than the recent peak level in terms of GDP percentage.

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Islamic State keeps up Syrian oil flow despite U.S-led strikes

Islamic State is still extracting and selling oil in Syria and has adapted its trading techniques despite a month of strikes by U.S.-led forces aimed at cutting off this major source of income for the group, residents, oil executives and traders say.

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New definitions needed for condensate and gas liquids: Kemp

“A rose by any other name would smell as sweet,” William Shakespeare wrote in “Romeo and Juliet”. But he was not working for the U.S. government and trying to define what constitutes condensate and natural gas liquids.

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United Petroleum opens doors for possible sale

United Petroleum announced that they are considering offers for possible acquisition or joint venture deals.

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Condor Petroleum Inc. sells interest in Kazakhstan's Marsel territory worth US$88 million

Condor Petroleum Inc. would sell its nterest in Kazakhstan's Marsel territory worth US$88 million.

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Naphtha Israel Petroleum Corp Shares Advance

Shares for Naphtha Israel Petroleum Corp saw an advance this week due to export concerns from other explorers

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Gardner Denver Shareholders to Discuss KKR's $3.7 billion Offer

KKR has offered $3.7 billion for industrial machinery maker.

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