Global oil market seen balanced in 2018, even with rising output: IEA

LONDON (Reuters) – Global supply and demand for crude oil will be largely balanced next year, as growth in...
Total set to sign $4.8bn gas deal with Iran

French oil and gas company Total S.A. has agreed a $4.8 billion deal with Iran to develop one of...
CGG files for bankruptcy

PARIS–CGG has begun legal processes to implement a comprehensive pre-arranged restructuring, with the opening of a safeguard proceeding in...

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Energy

Oilfield services company Wood Group sees rough road

Even though financial performance was as expected, oilfield services company Wood Group said...
Russia’s Rosneft starts drilling in Iraq

Russian oil producer Rosneft reported Monday it started new drilling operations in Iraq,...
Iran finds 2 billion barrels shale oil reserves in western province

Iran has found shale oil reserves of 2 billion barrels of light crude...
OPEC achieves 82 percent of pledged oil output cut in January: Reuters survey

OPEC’s oil output is set to fall by more than 1 million barrels...
Court rules villagers cannot sue Shell in UK for Nigerian oil spill

Britain’s high court ruled on Thursday that two groups of Nigerian villagers cannot...
How Russia sold its oil jewel: without saying who bought it

More than a month after Russia announced one of its biggest privatizations since...
Trump signs orders advancing Keystone, Dakota pipelines

U.S. President Donald Trump on Tuesday signed executive actions to accelerate the Keystone...

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