Oil Tanker Market Grapples with Negative Earnings
Negative earnings can arise when the fees that oil companies pay to charter ships don't cover the costs involved.
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New US Sanctions Add to Nord Stream 2 Setbacks
The future of Nord Stream 2 looks increasingly uncertain.
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Equinor Awards Wireline Services Contracts for 15 Fields
This photo shows a view from the Gullfaks A platform. Photo by Lone Stormoen. PHOTO SOURCE: Equinor
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Oil Prices Gain on Yellen Call for Big Stimulus
Oil surged the most in over a week in London as broader markets rallied on expectations of additional US stimulus boosting the economy.
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IEA Validates Saudi Output Curbs
On Tuesday, the International Energy Agency slashed forecasts for world oil demand in the first quarter.
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Vaca Muerta Driller Needs to Make Deal with Creditors
Dollars are now so scarce in Buenos Aires that the central bank refused to let YPF buy the full amount it needed to pay notes coming due in March.
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Keystone XL Could Become Scrap If Biden Pulls License
Biden's campaign has pledged to cancel the pipeline's license, haunting Canada's oil sands industry.
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Chevron Partners in Israel to Egypt Pipeline
Chevron and other companies helping to develop Israel's natural gas fields will invest around $235 million in pipelines to export the fuel to Egypt.
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Maersk Drilling Firms Up $100MM Contracts with Total
The Maersk Developer, above, is already mobilizing for the 500-day combined campaign. PHOTO SOURCE: Maersk Drilling
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API Signs MOU with Azerbaijan Oil Company
The American Petroleum Institute has signed a Memorandum of Understanding with the State Oil Company of Azerbaijan Republic.