Petrobras union rejects pay offer, promises ‘tough response’

Petrobras workers are weighing their options after union officials rejected a proposed pay deal, a move that could prompt another strike. According to Reuters, officials...

Mærsk confirms split of oil, transportation businesses

A.P. Møller - Mærsk A/S confirmed Wednesday it will split its oil and transportation business into two separate divisions. The firm will reorganize into a transport...

Canada: Imperial Oil still negotiating $178 million security deposit for Northern field development

Imperial Oil is still working with Canadian officials to hash out the details of a multi-million security deposit for a northern Canada oil field. According to CBC News, Imperial...

ExxonMobil to pay $12 million to settle 2011 Montana spill

ExxonMobil has agreed to pay $12 million in damages related to a 2011 pipeline spill in Montana. The Montana Department of Justice said that ExxonMobil Pipeline Company...

Stop the bashing: Schlumberger, Highland Natural Resources test new fracking tech

London-listed Highlands Natural Resources has begun testing a new well drilling technology that could help protect existing wells from bashing. The company said on Monday that testing of DT Ultravert...

Iowa groups petition DOJ to stop Dakota Access pipeline construction

Citizen groups in Iowa have submitted petitions calling on the U.S. Department of Justice (DOJ) to halt all construction work on the Dakota Access...

Report: SEC probes ExxonMobil on impact of climate regulations

The U.S. Securities and Exchange Commission is reportedly looking into ExxonMobil's accounting practices and how the company evaluates the potential impact of climate regulation. Sources...

McKinsey Energy Insights: Oil market glut will extend into 2017

The persistent oil glut has now pushed a price recovery into the second half of 2017, a new report from McKinsey Energy Insights found. McKinsey modeled four possible scenarios: a...