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Colombia's Ecopetrol To Invest Up To $4B In 2018

Ecopetrol will invest between $3.5 billion and $4 billion during 2018, the majority in production and exploration projects.
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Keystone Clean-Up To Last Several Weeks, Line Restart Unclear

The clean-up of an oil spill from TransCanada Corp's Keystone pipeline may last several weeks.
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Chancellor Helps UK Oil Industry with 'Innovative' Tax Policy

The Chancellor of the Exchequer, Philip Hammond, pledges to help the UK oil and gas industry by delivering an 'innovative' tax policy from November 2018.
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Italy Prosecutors Probe Eni For Tax Evasion At Refineries

Italian authorities are investigating oil major Eni for alleged tax evasion.
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Petronas LNG Inks Services Agreements in Malaysia

Petronas LNG Ltd signs 2 services deals in Malaysia.
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US Crude Inventories Fall; Big Draw At Cushing Hub

US crude oil stockpiles fell last week, with most of the decline coming out of the Cushing, Oklahoma storage hub.
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OGA Receives 'Great Response' to Latest UK Offshore Licensing Round

The Oil & Gas Authority (OGA) said it received a 'great response' to the United Kingdom's latest offshore licensing round.
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BLOG: Production Cut Extension at OPEC Meeting? Wouldn't Count On It

Rigzone readers aren't so confident that output cuts will be extended.
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US Crude Settles At 2-Year High After Pipeline Disruption

Oil settles at a two-year high.
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Oil, Gas HSE Podcast: How the Downturn Affected the Workforce

Rigzone's senior editor sits down with Oil and Gas HSE podcast to discuss the number of workers who left the industry during the downturn.
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Lundin Norway Makes Non-Commercial Gas Discovery

Lundin Norway AS makes a non-commercial gas discovery in the southern Barents Sea.
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Qatari Energy Minister Sees Oversupply Of LNG In Coming Years

Qatar's energy minister says he expects oversupply of liquefied natural gas in the coming years.
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Indian Oil Corp Studies Renewed Venezuelan Crude Purchases

Indian Oil Corp is considering buying Venezuelan crude for the first time in at least 6 years, in a move that could help the crisis-struck South American nation settle unpaid bills.
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Q&A: Big Data Could Bring Upside to Renewables Investors

Technology and big data will change how electric grids are organized and water is transported, says Lara Banks.
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Oil & Gas UK Welcomes BP North Sea Asset Sale

News of BP plc's intended sale of its North Sea assets to Serica Energy plc has been welcomed by trade body Oil & Gas UK.
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Trafigura's Purchases From State Oil Firms Rose In 2016 - Report

Trafigura's aggregate direct purchases of crude, refined products and natural gas from national oil companies rose in 2016 to a third of its traded volumes.
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Serica to Buy BP Stake in North Sea Fields, Welcome 100+ Staff

Serica UK agrees to acquire BP plc's interests in the Bruce, Keith and Rhum fields in the North Sea, in a deal which will see the transfer of approximately 110 BP staff to the company on completion.
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Australia's FAR Expects 1.1B Barrels Of Oil From Gambian Blocks

FAR Ltd says an independent study of 2 of its offshore blocks in West Africa's Gambia found potential for a total of 1.1 billion barrels of oil.
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Offshore US Oil Firms Talos, Stone Energy Plan $2.5B Merger

Talos Energy and Stone Energy announced plans to merge and create a new company.
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India's ONGC Buys 15% Stake In Namibia Offshore Block From Tullow

India's ONGC Videsh Ltd (OVL) acquires a 15% stake in Namibia's offshore Block 2012A from Tullow Oil.
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