European Commission gives clearance for $70B Shell-BG takeover.

Anglo/Dutch oil and gas giant Royal Dutch Shell has moved yet another step closer to finalising one of the largest oil and gas mergers in history, the $70 billion acquisition of the UK’s BG Group.

Shell on Wednesday announced that its ...

Venezuela, Russia Agree on Joint Actions to Boost Oil Price Growth.

Venezuela’s President Nicolas Maduro

Kremlin spokesman Dmitry Peskov said that ...

ConocoPhillips to lay off 1.800 workers.

ConocoPhillips, the U.S. exploration and production independent, will cut its headcount by around ten percent, with North America the most affected.

This means that around 1.800 workers will be let go, as the company’s present global w...

Stena Drilling convicted and fined in fatal rig accident case.

Will Oil Cause the Next Recession?

Will Oil Cause the Next Recession?

If oil prices take another dramatic slide, as I believe they will, who wins and who loses? And could plummeting oil prices sow the seeds of the next recession?

Oil-importing countries are...

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