Ars TechnicaInterior Dept. wants to lower royalties that offshore oil, coal companies payArs TechnicaGiven the relatively low price and abundance of oil in the world market today and the expense of executing new offshore drilling operations, the committee& …

BloombergBiggest Libya Oil Field Is Said to Stop Pumping on Pipeline HaltBloombergLibya, a member of the Organization of Petroleum Exporting Countries, has struggled to boost oil production amid the lingering effects of civil strife that erupted earlier in …

Oil turns higher after unexpected inventory dropMarketWatchWest Texas Intermediate crude oil for April delivery CLJ8, +1.72% on the New York Mercantile Exchange erased a loss and last traded with a gain of $1.03, or 1.7%, at $62.71 a barrel. The global ben …

Cointelegraph (Bitcoin, Cryptocurrency and Blockchain News)Petro: Stable Coin for Crypto Economy or Illegal Oil Futures?Cointelegraph (Bitcoin, Cryptocurrency and Blockchain News)On Feb. 20 the pre-sale of Petro was launched and has already raised $735 mln …

The EconomistOPEC mulls a long-term alliance with Russia to keep oil prices stableThe EconomistOIL bears beware. On February 20thSuhail al-Mazrouei, OPEC's rotating president and energy minister of the United Arab Emirates, said the 14-member producers …

BloombergHungry Venezuelan Workers Are Collapsing. So Is the Oil IndustryBloombergThe Puerto La Cruz region and its ports, where refineries and upgraders are laid out against verdant bluffs and postcard beaches, produce about 89 percent of Venezuelan oil e …

Financial TimesEni reports record oil and gas productionFinancial TimesEni delivered its new projects despite a 40 per cent reduction in capital expenditure on upstream development since crude prices crashed in 2014. Similar cuts have been reported across …

InsideClimate NewsFar More Methane Leaking at Oil, Gas Sites in Pennsylvania than ReportedInsideClimate NewsLeaks of methane, a powerful greenhouse gas, from oil and gas sites in Pennsylvania could be five times greater than industry reports to state regul …

BloombergBig Oil CEOs Urge Norway to Throw a Lifeline to Carbon CaptureBloombergNorway, which had to abandon a full-scale CCS project in the past, now plans to have emissions from as many as three industrial sites in the country's east shipped to the w …

BloombergBig Oil CEOs Appeal to Norway to Back Carbon Capture and StorageBloombergNorway, which had to abandon a full-scale CCS project in the past, now plans to have emissions from as many as three industrial sites in the country's east shipped to the …