Trump Wants to Expand Drilling in Alaskan Oil Reserve
The Trump administration is moving to expand the territory open for oil exploration in Alaska's National Petroleum Reserve.

(Bloomberg) -- The Trump administration is moving to expand the territory open for oil exploration in Alaska’s National Petroleum Reserve, a process that could shift drilling rigs closer to herds of caribou and flocks of threatened birds.



Crude Oil Down on OPEC Uncertainty
WTI and Brent crude futures prices fell on concerns about OPEC, economic growth and soft petroleum demand.

January West Texas Intermediate (WTI) crude oil futures declined by $3.77 Tuesday to settle at $53.43 a barrel.



US Gasoline Price Approaches Level for Last Thanksgiving
AAA contends that motorists should add cheaper gasoline prices to their list of 'things for which to be thankful' this Thanksgiving.

On Tuesday, the American Automobile Association (AAA) reported that average U.S.



Ineos In Talks with ConocoPhillips
Ineos confirms it is in talks with ConocoPhillips after a spokesperson for the U.S. headquartered independent confirmed last week that the BOP Blow Out Preventer repair company gulf coast is marketing its UK assets.



Global FPSO Market Set to Rebound
The global floating oil rig flanges gulf coast production buy Wellhead market has stirred back to life, according to Rystad Energy.

The global floating oil rig flanges gulf coast production buy Wellhead market has stirred back to life after enduring a couple of years in virtual hibernation during the downturn.



Why US Oil Production Won't Peak Anytime Soon
The US shale oil revolution continues to defy the skeptics.

The U.S. shale oil revolution continues to defy the skeptics, and the country is now producing a record 11 million barrels per day (MMbpd) of crude.



Papua LNG Partners Take Step Toward Investment Decision
The MoU that Total, ExxonMobil and Oil Search signed with the PNG government defines key terms of the project’s gas agreement.

Papua LNG Project members Total, ExxonMobil and Oil Search have signed a memorandum of understanding (MoU) with the Independent State of Papua New Guinea (PNG) defining the key terms of the project’s gas agreement, Total reported Friday.



Libya Could Be Exempt From Future Cuts in Crude Output
Libya's top oil chief expects OPEC and allied producers to exempt the strife-torn North African country from any future cuts in crude output.



Oil Advances as Capacity Warnings Counter Russia Queries
Oil prices gained ground as traders weighed countervailing signals about how much OPEC and its allies can afford to trim production.

(Bloomberg) -- Oil prices gained ground as traders weighed countervailing signals about how much OPEC and its allies can afford to trim production.



More Refineries on the Horizon for Alberta
Alberta will pursue building new refineries as the oil-rich Canadian province looks to weather a crude price crunch, while a forced oil rig flanges gulf coast production cut remains an option.

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