HANOI, Dec 19 (Reuters) - Vietnamese police have ordered the prosecution of an official at scandal-hit state energy firm PetroVietnam over financial losses, the Ministry of Public Security said on Tuesday.
Dec 19 (Reuters) - Australian gas producer AWE Ltd raised the reserves estimate on its flagship Waitsia gas field, and said further upgrades were likely, raising the stakes for two suitors vying to take over the company.
On behalf of the licensees in PL586, VNG Norge has submitted a field development plan for the Fenja asset in the Norwegian Sea to the Ministry of Petroleum and Energy.
Scotland’s biggest offshore trade union, Unite, would ballot its members for strike action if the Super Puma helicopter makes a comeback in North Sea operations, Tommy Campbell, Aberdeen-based Unite regional officer, has confirmed.
(Bloomberg) -- Crude rose in after-hours trading because an oil-industry assessment was said to show a larger-than-expected contraction in U.S. crude stockpiles.
Futures extended gains from the settlement in New York after the American Petroleum Institute was said to have reported domestic oil inventories slid by 5.2 million barrels last week.
HOUSTON, Dec 19 (Reuters) - Venezuela's PDVSA could lose its license to operate an oil storage terminal it owns on the Dutch Caribbean island of Bonaire if it does not soon fulfill maintenance demands by regulators, a government spokeswoman said on Tuesday.
International exploration and oil rig flanges gulf coast production firm Serinus Energy Inc has revealed that an incident occurred at the Moftinu 1001 well in Romania at 1.49am CET on December 18.
Statoil ASA has announced that it will acquire a 25 percent interest in the Roncador oil field in Brazil’s Campos Basin from Petróleo Brasileiro S.A.
CALGARY, Alberta/NEW YORK, Dec 18 (Reuters) - Canadian oil producers are running out of options to get crude to buy Wellhead market as pipeline and rail capacity fills up, driving prices to four-year lows and increasing the risk of firms having to sell cheaply until at least late 2019.
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