Saudi Arabia to allow full foreign ownership of engineering firmsReutersRIYADH (Reuters) - Saudi Arabia will allow foreign companies to own engineering services companies in full, without requiring them to partner with a Saudi-owned firm, the cabinet annou …

ReutersLibya's Sharara oil field faces shutdown after control room closed: engineerReutersTRIPOLI (Reuters) - Libya's Sharara oil field, which has been producing 270,000 barrels a day (bpd), was facing a gradual shutdown after the closure of a cont …

RPT-COLUMN-Macroeconomic risks for the oil industry: KempReutersLONDON, Aug 4 (Reuters) - The global oil industry now appears to be in the early stages of a cyclical expansion which is likely to see prices rise over the next few years, slowly at first but …

NasdaqLNG buyers have not asked Inpex to revise destination clausesReutersJapan's Fair Trade Commission (FTC) ruled in late June that new long-term LNG contracts signed with Japanese buyers could not have destination restrictions, and urged buyers to t …

NasdaqInpex sees gas output for Ichthys LNG project starting by year-endReutersTOKYO, Aug 4 (Reuters) - Japan's biggest oil and gas explorer Inpex Corp expects gas production from the seabed for its offshore Ichthys liquefied natural gas (LNG) project …

MarketWatchOil prices pull back, but investors stay bullish on US dataMarketWatchOil futures pulled back some on Thursday, on the heels of a rebound driven by an ultimately bullish view by investors on weekly U.S. inventory data. On the New York Mercantile …

Green Car ReportsAs Oil Prices Rise, Are Oil Bulls Too Optimistic?OilPrice.comThe last couple of weeks have seen some strong indications that the oil market is returning to balance. The latest OPEC meeting with Russia in St. Petersburg on July 24 had Saudi …

Chron.comOccidental's profits climb amid oil price recoveryChron.comOccidental Petroleum Corp. banked a profit in the second quarter,amid a recovery in oil prices. a sharp improvement over last year's losses.. The Houston oil producer earned $507 m …

ReutersExclusive: Sanctions gap lets Western firms tap Russian frontier oilReutersOSLO/MOSCOW (Reuters) - A gap in U.S. sanctions allows Western companies to help Russia develop some of its most technically challenging oil reserves, and risks undermining t …

RudawProvince calls Iran-Iraq deal on Kirkuk oil unconstitutionalRudawBaghdad continuously brokers these agreements without informing the province which produces the oil. And this is contrary to Article 112 of the constitution which states that any oil pol …