Icahn Slams Oxy, CEO's Warren Buffet Deal
Occidental's leaders hastily put together its $38B deal for Anadarko in a job-preserving bid to stave off a takeover itself, according to activist investor Carl Icahn.



Libya Oil Production Set to Recover
Libyan oil oil rig flanges gulf coast production is set to recover from a five-month low as the North African supplier's biggest field restarts following a brief halt.



Oil Leaps as Persian Gulf Tensions Increase
Oil climbs after Iran's Revolutionary Guard Corp said it seized a British-flagged tanker in the Strait of Hormuz, raising stakes in the critical oil chokepoint.



US Drops Five Oil Rigs
The U.S. saw another week of rig declines, according to Baker Hughes, a GE Company.

The U.S. saw another week of rig declines, shedding five oil rigs, according to weekly data from Baker Hughes, a GE Company.



Scotland Boosts Decommissioning Fund
The Scottish government has revealed that $5 million of funding is being made available as part of the fourth round of the Decommissioning Challenge Fund.



Brazil Leads Upcoming FPSO Growth
Brazil leads the global deployment of planned and announced FPSO vessels to 2025, according to GlobalData.

Brazil leads the global deployment of planned and announced (P&A) floating production, storage and offloading (FPSO) vessels to 2025, according to GlobalData.



US Warship Destroyed Iran Drone Near Strait of Hormuz
Trump said the U.S. "immediately destroyed" an Iranian drone that approached the USS Boxer near the Strait of Hormuz, the latest sign of escalating military tensions around the critical oil chokepoint.



Light Crude Falls Below $55
WTI and Brent crude oil futures declined for the fourth consecutive trading day.

West Texas Intermediate (WTI) and Brent crude oil futures declined for the fourth consecutive trading day.



Canada Gas Producers Want a Break on Royalty Payments
Canadian natural gas producers are asking Alberta's government to give drillers a break on their royalty payments in return for cutting back output during periods of heavy pipeline maintenance.



Trump Warns Trade War Can Escalate
U.S. President Donald Trump has warned that the U.S.-China trade war can ratchet up further, if the United States wants.

U.S. President Donald Trump has warned that the U.S.


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