Oil Mining News

Top miner sees US – China trade spat limiting global growth

Rising U.S - China trade tensions threaten to curb consumer purchasing power, crimp productivity growth and limit global economic expansion.

Meet the Shalennials: CEOs under 40 making millions in Texas oil

It’s not hard to see why Sellers and Campbell are in such high demand in this hardscrabble city that has become the global center of the shale revolution.

Congo mining revenues triple in H1; oil revenues fall by a third

Democratic Republic of Congo's revenues from its mining sector nearly tripled in the first half of 2018 over the same period last year to $864.61 million.

Drones are revolutionizing the energy sector: Bullard and Curry

"Drones offer a cheaper and more effective way of monitoring infrastructure than traditional methods of sending workers to dangerous, remote terrain."

Iraq pumping oil at record levels, unaffected by protests

The country’s crude exports reached a record of 3.59 million barrels a day.

Pipeline plan decision may harm investment into Canada

The Federal Court of Appeal nullified the National Energy Board’s approval of Kinder Morgan Canada’s Trans Mountain pipeline expansion project.

South Africa to make oil, mining announcement in says, ANC says

An agreement has been reached on separating laws for the country’s oil industry and dropping a bill to govern the two sectors.

The latest episode in the Crystallex-Venezuela saga

PDVSA filed an appeal requesting that a Delaware court vacate a decision granting the Canadian miner the right to seize its U.S. assets.

Mexico's next leader says NAFTA deal preserves energy 'sovereignty'

"It was established that Mexico's oil and natural resources belong to our nation," López Obrador said.

World's top refiner Sinopec posts record profit as oil recovers

China Petroleum & Chemical Corp. said its half-year earnings jumped to the highest level on record as refining profits climbed.

The secret to safer oil & gas pipelines: graphene

Only in the US, corrosion costs the oil and gas industry $1.4 billion a year.

'I was cheated' – Tales from the collapse of a commodity giant

A former Singapore civil servant recounts how he’s lost almost $36,600 in the implosion of Noble Group Ltd.

A Saudi Iran oil war could break up OPEC

Could OPEC be on the way out? Maybe.

BHP annual profit jumps 33 percent, misses forecast

Analysts thought profits would reach $9.27 billion.

Dorado: Australia's biggest oil discovery this century

The Dorado-1 well was expected to find 545 bcf of gas but resulted in something much more valuable, a large commercial oil find.

US to allow mining on land removed from monuments

The US Bureau of Land Management has announced plans to allow increased mining on land that once belonged to two national monuments Donald Trump shrank.

Oil major and miner ethics scrutinized by Methodist investors

The Methodist Church is prepared to back those committed to mending their ways.

Saudi Arabia and Iran reignite the oil price war

The rivalry between Saudi Arabia and Iran is becoming increasingly evident in the oil pricing policies of the two large Middle Eastern producers.

Venezuela told to give shares of Citgo parent to gold miner

A Canadian mining company can seize the shares of the owner of Citgo Petroleum Corp. to satisfy a $1.2 billion arbitration award over a Venezuelan gold mine.

Death, diamonds and Russia’s Africa Project: Leonid Bershidsky

The killing of three reporters in the Central African Republic pulls a private, pro-Kremlin military company out of the shadows.

Wait until you see the price of gold in Venezuela right now

Venezuela’s once prosperous economy destroyed by corruption and mismanagement.

Rising oil prices threaten to erode mining sector's profitability

Miners use heavy fuel oil to generate electricity at remote sites; they also use it for transport, with large trucks and other equipment.

Strong dollar could cap oil prices

The strength of the U.S. dollar poses an obstacle to further gains in oil prices.

Teck Resources says poised for growth, names new chair

The world's second-biggest exporter of steelmaking coal stuck to its annual production forecast of 26 million to 27 million tonnes.

BP pays $10.5 bln for BHP shale assets to beef up U.S. business

A unit of British oil major BP PLC will acquire BHP's unit which holds the Eagle Ford, Haynesville and Permian assets for $10.5 billion.