News Highlights : Top Energy News of the Day
Latest on Oil
Oil prices extended losses to trade near a four-month low after increased drilling activity in the U.S. indicated a strong rise in production was coming.
Shell Goes on a Deep-Water Drilling Diet
Royal Dutch Shell, facing low oil prices for the foreseeable future, is learning how to cut costs and squeeze more production out of big offshore fields. One secret: using techniques borrowed from onshore.
Singapore's Ezra Holdings Files for Bankruptcy in U.S.
Singapore's Ezra Holdings Ltd. has filed for chapter 11 protection in the U.S. as weakness in the oil-and-gas industry continues to stress providers of offshore drilling services.
Saudi Crude Oil Production, Exports Fall in January
Saudi Arabia's crude oil exports fell to 7.713 million barrels a day in January, while crude oil production dropped by 717,000 barrels a day to 9.748 million barrels a day.
Plenty of Cash Lies Buried on Canada's Oil Sands
Canada's oil sands are being shunned in favor of shale by investors but present bargains for companies and investors with patience.
Eni's Embattled Chief Seals Second Term
The Italian government made a series of nominations for the top management of large listed companies it controls, including confirming the chief executive of oil major Eni for a second three-year term.
U.S. Oil-Rig Count Climbs by 14
The number of rigs drilling for oil in the U.S. rose by 14 in the past week to 631, while the nation's gas-rig count rose by six to 157
Statoil Says Business Resilient to Tougher Climate-Change Rules
Statoil said it was rebalancing its business model so far toward renewables and cleaner fossil fuels that the value would rise even if governments took drastic actions to limit carbon emissions.
BP in Talks to Sell Forties Pipeline System
Oil major BP confirmed it is in talks with Ineos over the potential sale of its Forties pipeline system in the U.K. North sea.
Exxon Rejects New York's Accusations in Climate Case
Exxon Mobil called accusations that it withheld documents relating to climate change from the New York attorney general an attempt to discredit it, but disclosed a newly discovered technical issue that could mean it will soon release more of its former chairman's emails.
In a First, Japanese Court Blames Government in Fukushima Disaster
A court has found for the first time that the Japanese government was negligent in the Fukushima Daiichi nuclear power plant's triple meltdown in March 2011 and owes damages to people who fled the radiation.