Italian Court Acquits Shell, Eni in Nigeria Corruption Case

An Italian court acquitted energy firms Royal Dutch Shell and Eni on Wednesday in a massive corruption case.

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Aramco Seeks One-year Extension on $10bln Loan

Saudi Aramco has asked banks to extend by a year a $10 billion loan it raised last May

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Occidental Petroleum Posts Larger Quarterly Loss on Asset Sale

Occidental Petroleum Corp on Monday posted a larger-than-expected fourth-quarter loss despite higher oil and gas prices as an asset sale weighed on results.

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Nigeria Blocks Shell Bank Accounts over Oil Pipeline Dispute

A Nigerian court restricted Royal Dutch Shell Plc access to its bank accounts in the West African country amid a legal dispute with a local oil producer over a pipeline deal six years ago

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Halliburton Names BOB PATEL to Board of Directors

Halliburton Company announced that Mr.Bhavesh V. (Bob) Patel has been named to the Company board of directors.

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Largest LNG Project Ever: Qatar Petroleum Sanctions North Field East Project

Qatar Petroleum announced that it will start developing the North Field East (NFE), which is the world largest liquefied natural gas (LNG) project. The project will raise the state’s LNG production capacity from 77 million tons per year (mmt/y) to 110 mmt/y

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Oil Climbs to 13-Month Highs on Output Cuts, Demand Recovery Hopes

Oil prices edged up to their highest in 13 months on Tuesday as supply cuts by major producers and optimism over fuel demand recovery support energy markets.

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US rig count rises in January for 6th month: Baker Hughes

U.S. energy firms this week added oil and natural gas rigs for a tenth week in a row, with the rig count up in January for a sixth straight month

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