Chevron Corp. reported earnings of $2.7 billion for this year’s first quarter compared with a loss of $725 million in same quarter in 2016. Included in the quarter was a gain of $600 million from the sale of an upstream asset. Foreign currency effects decreased earnings in this year’s first quarter by $241 million compared […]

Canadian oil and gas drilling is brisker than expected after work seasons in 2015 and 2016 that the Petroleum Services Association of Canada describes as “difficult to say the very least.” Source: News

Light, sweet crude oil for front-month delivery on the New York Mercantile Exchange declined to its lowest level in a month on Apr. 27 as concerns persisted about an oversupplied global market. But prices ticked upward early Apr. 28 on hopes that members of the Organization of Petroleum Exporting Countries and major non-OPEC oil-producing countries […]

US Senate Democrats introduced a bill on Apr. 27 to preserve the 2017-22 Outer Continental Shelf oil and gas program a day before President Donald J. Trump was expected to issue an executive order for it to be reviewed, and a day after congressional Republicans introduced bills that would direct Sec. of the Interior Ryan […]

Total SA has sanctioned development of the first phase of its operated Aguada Pichana Este license in Neuquen on the northwestern tip of Patagonia, part of Argentina’s Vaca Muerta shale region. The group also will increase its interest in the license to 41% from 27.27%. Source: News

Capricorn Oil Ltd., a wholly owned subsidiary of Cairn Energy PLC, has become operator of Licensing Option 16/19 offshore Ireland after acquiring a 70% interest from Europa Oil & Gas (Holdings) PLC. Source: News