Oil production in May faced most disruptions since 2011
HOUSTON – Wildfires in Canada and pipeline bombings in Nigeria in May disrupted more of the world’s oil production than during any month in at least half a decade, pushing fuel prices higher, the Energy...
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Wood Group Mustang to partner with Grupo Diavaz in Mexico
Houston-based Wood Group Mustang is partnering with Mexico City-based oil infrastructure company Grupo Diavaz, the companies said Thursday. The goal of the joint venture, to be called Mustang Diavaz, is to build one of the...
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Federal oil reserve at a crossroads
For four decades the U.S. government has stored vast seas of crude oil in underground caverns along the Texas and Louisiana Gulf Coast, providing a backstop in the event the world’s oil supply is disrupted....
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Natural gas glut to continue through decade, IEA says
While oil markets will start rebalancing after a slump next year, an oversupply in natural gas won’t disappear until the end of the decade, the International Energy Agency said, slashing its gas demand outlook for...
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Nigerian militants blow up Chevron oil well
WARRI, Nigeria (AP) — Nigerian oil militants said they blew up another Chevron oil well Wednesday in a rejection of the government’s offer of peace talks. The bombing comes a day after the government ordered...
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