Oil Rises but Logs Second Weekly Loss
Oil prices rose slightly Friday but ended the week lower as traders balanced Russian sanctions against signs of global oversupply.
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Gunvor Scraps Lukoil Deal
Commodity trader Gunvor Group has withdrawn its offer for the international assets of sanctioned Russian oil producer Lukoil PJSC.
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Oil Market Appears 'Torn'
The oil market appears 'torn', Standard Chartered Bank Energy Research Head Emily Ashford outlined in a report sent to Rigzone recently.
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Ship With Russia Oil Makes Rare Move Offshore India
A tanker carrying crude from recently-sanctioned Rosneft PJSC has made a rare cargo transfer off Mumbai.
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ConocoPhillips Q3 Profit Down YoY
ConocoPhillips reported $2.01 billion in net income adjusted for nonrecurring items for the third quarter, down from $2.08 billion for the same three-month period last year on lower prices.
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ScottishPower Will Retrain Veterans to Boost Energy Workforce
ScottishPower announced that it has launched a new scheme to help ex-servicemen and women move into long-term careers in the energy sector.
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Petronas Secures 20-Year Liquefaction Access to Cedar LNG
Pembina signed a 20-year agreement allowing the Malaysian state-owned company to use one MMtpa of liquefaction capacity at the under-construction Cedar LNG on Canada's West Coast.
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OEUK Says UK 'Could Add Thousands of Jobs' With 'Right Policies'
The UK 'could add thousands of jobs, retain economic value, and lead the world in energy with the right policies, collaborative action, and a focus on an integrated energy workforce', OEUK noted.
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Aker BP, DNO Swap Norwegian Offshore Assets
DNO and Aker BP signed agreements to recalibrate their exploration and production ownerships in the Norwegian continental shelf, including the Kjottkake discovery.
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Petrobras Ramps Up Production at Major Oilfield
The Brazilian state oil producer is accelerating production from the world's biggest deep-water field, helping the company raise dividends even as crude prices hover near a five-year low and the global market braces for glut.