Financial TimesNorth Sea oil explorer Ithaca agrees $1.24bn takeoverFinancial TimesIthaca, which has been reducing its debt burden, is on the cusp of producing its first oil from the Greater Stella Area in the central North Sea, following two years of dela …

FirstpostChennai oil spill: Governing agencies trying to hide the problem rather than focussing on solutionsFirstpostOn the morning of 28 January, Chennai woke up to a news about collision of two ships, one carrying liquid petroleum gas and the other loade …

The AustralianOil price set to slump this year, warns International Energy Agency bossThe AustralianHe said that a deal brokered by Saudi Arabia and Russia between oil exporters in OPEC and non-OPEC countries to curb production was already having an impact …

ForbesOil Price Tug Of WarOilPrice.comSince the Vienna oil deal (30th December) oil prices have been in a game of tug-of-war. On one side is the optimistic viewpoint in the form of production cuts and its compliance. The meeting on 21st of January between …

Fox BusinessOil and Gas Stock Roundup: Strategy Updates Stole the ShowFox BusinessHowever, it was far from a quiet week in the oil patch as several companies updated the market on their strategies, driving big moves in their stocks. Leading the way, accord …

MarketWatchOil up on hopes over production cuts, but investors wary over US politicsMarketWatchData from the Russian Energy Ministry Thursday showed the country's production of oil and condensate dropped by around 100,000 barrels a day in January from …

Financial TimesIndia eyes merger of state-controlled oil and gas groupsFinancial TimesArun Jaitley, India's finance minister, announced during the Budget on Wednesday that he is planning to merge some of the state-controlled oil and gas companies and b …

MarketWatchOil rallies to 3-week high as US output slipsMarketWatchPrices also continued to draw support from estimates that show that major oil producers are easing back their production levels. Reuters estimated compliance in OPEC, with an agreement to c …

MarketWatchOil holds gains as US crude supplies rise, but output slipsMarketWatchPrices alcontinued to draw support from estimates that show that major oil producers are easing back their production levels. Reuters estimated compliance in the Organization …

MarketWatchOil prices twist in two directions as production-cut uncertainty persistsMarketWatchPrices have been in a tight range of $50 to $55 a barrel for much of the past several months, as traders weighed OPEC's cut against a rebound in U.S. drillin …