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News Highlights : Top Energy News of the Day

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03/21/2017 | 05:15 am

Latest on Oil

Accelerating production in the U.S. is keeping oil prices low.

Shell's Titanic Bet: Can Deep-Water Drilling Be Done on the Cheap?

Facing low oil prices for the foreseeable future, Royal Dutch Shell is learning to rein in costs and squeeze more production out of big offshore platforms by using drilling techniques from onshore.

North Korea Has Doubled Size of Uranium-Enrichment Facility, IAEA Chief Says

Yukiya Amano, director general of the International Atomic Energy Agency, cast doubt on the chances of striking an Iran-type deal with North Korea, which he said is rapidly advancing its capacity to produce nuclear weapons.

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.

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