Oil & Gas Industry News

Three of the additional blocks are in the northwest of the Norwegian Sea and 34 blocks are in the east of the Barents Sea.

The Transportation Department said extensive environmental reviews are already required to obtain a license for a deepwater port.

China's first shipment of crude from Niger has been blocked by a border dispute.

Oil edged higher as key technical levels provided a floor for losses while investors digested a mixed US inventories report.

'API has raised serious concerns'.

Analysts at J.P. Morgan looked at 'key policies' that could change under a new Donald Trump administration.

'We think there is only one explanation that might hold enough water to fit the combination of OPEC+ signaling for higher prices but traders pushing prices lower,' Standard Chartered analysts said.

Oil climbed after government data showed a decline in US stockpiles, signaling a tighter physical market.

The move will not involve 'any change to the ultimate control of the business'.

'This is the first time an Iranian warship has traveled to the southern hemisphere in this capacity,' Dryad said.