Oil prices ended higher, but gave up their steepest intraday gains after the Federal Reserve held back from announcing any fresh steps to stimulate the US economy.
Oil prices ended higher, but gave up their steepest intraday gains after the Federal Reserve held back from announcing any fresh steps to stimulate the US economy.
Shell expects to drill 8 wells in the second half of its two-year Arctic exploration program, three more than it had originally planned.
A Brazilian court levied an injunction that bans Chevron and Transocean from extracting or transporting oil in the country, according to a statement published on the court’s website.
All-of-the-above became President Obama’s rallying cry, but his and his administration’s actions have not matched the rhetoric.
Cnooc is seeking approximately $5B in offshore financing from foreign banks to fund its acquisition of Canada’s Nexen, Bloomberg news reported.
Three fire accidents which took place in three Petronas sites prompts IEM to weigh in on safety concerns.