Oil drillers get $18 billion break thanks to law legislators now regret

WASHINGTON (Bloomberg) - The U.S. has forfeited some $18 billion tied to oil and gas production in the Gulf of Mexico since 2000 because of a decades-old law that gave energy

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Abu Dhabi seeks to shift oil markets with its own crude benchmark

DUBAI (Bloomberg) - The Middle East produces a fifth of the world’s oil, but the region’s never had a benchmark price that competes with London’s Brent or New

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Jersey Oil and Gas details Buchan’s "significant" resources

ST. HELIER -- Jersey Oil and Gas PLC has revealed the findings of a new independent evaluation of its recently acquired Greater Buchan Area project in the North Sea

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Oil moves higher as market eyes trade talks later this week

SINGAPORE (Bloomberg) - Oil gained after its biggest weekly slump since July ahead of the resumption of U.S.-China trade talks that may sway a cloudy demand outlook

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Oil stabilizes amid mixed reports over pace of Saudi recovery

NEW YORK (Bloomberg) - Oil stabilized as traders weighed conflicting reports on how quickly Saudi Arabia will be able to restore its lost production.Brent crude was little changed, after falling

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Saudi Arabia partially restores output at damaged oil plant

DUBAI (Bloomberg) - Saudi Arabia attempted to move beyond the worst oil disruption in its history, assuring the world that crude exports will not suffer, its damaged facility

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ExxonMobil finds more oil offshore Guyana at Tripletail

IRVING, TEXAS - ExxonMobil made an oil discovery on the Stabroek Block offshore Guyana at the Tripletail-1 well in the Turbot area. The discovery adds to the previously announced estimated

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U.S. oil companies set to benefit from Saudi supply disruption

NEW YORK (Bloomberg) --Some U.S. oil companies are positioned to gain from the attacks on Saudi Arabia’s facilities over the weekend and an attendant rise in crude prices

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Egypt expects first Israeli gas by year-end, oil minister says

ABU DHABI (Bloomberg) - Egypt expects to begin receiving natural gas from Israel by the end of 2019, the oil minister said, fulfilling a $15 billion deal that will position the North

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Voters deliver warning to Norway’s oil industry

OSLO (Bloomberg) - Norwegian voters have fired a warning shot at the country’s oil industry.Parties that want to rein in the country’s golden goose made significant gains in Monday’s local

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