U.S. distillate inventories post surprise fall on strong international demand

Demand for U.S. distillate posted a surprising surge earlier this month thanks to growing international demand. U.S. distillate inventories fell by 3.2 million barels during the week...

Feds indict energy investor Zuckerman for evading $45 million in taxes

Energy investor Morris Zukerman was indicted on Tuesday for allegeldy evading over $45 million in taxes. The U.S. Department of Justice said in a statement...

Shell cutting another 2,200 jobs

Royal Dutch Shell said Wednesday that it will cut over 2,000 additional jobs this year. According to Reuters, the company will cut another 2,200 jobs,...

EIA: U.S. still the world’s largest petroleum, natural gas producer

The United States held onto the top spot as the world's largest petroleum and natural gas hydrocarbons producer last year. According to the U.S. Energy...

GE expands Aramco ties with $400 million joint investment in Saudi plant

GE and Saudi Aramco said Monday that they will jointly construct a new energy focused manufacturing facility as part of a broader investment plan. According to...

Wildfire update: Evacuation order lifted for oil sands camps

A mandatory evacuation order for oil sands camps in Fort McMurray was lifted on Monday, although wildfires in the region continue to burn. The Regional...

Worker killed in fall from Petrobras platform

A Brazilian services worker died on Sunday after falling off of a Petrobras platform. According to Offshore Engineer, Victor Geraldo Brito died after a 39 foot fall off...

Indonesia: Aramco and Pertamina award first phase of $5 billion Java refinery upgrade

Saudi Aramco and Indonesia's PT Pertamina said Monday that they have awarded Amec Foster Wheeler Energy Limited a contract for the Cilacap refinery upgrade. Amec was awarded an engineering...