
Venezuela announces $5-bn Chinese loan for oil sector
Venezuelan President Nicolas Maduro announced China has granted his government a $5-billion loan to boost oil output in the recession-hit OPEC state. ... more
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Iran puts figure on 2016 oil production goals
Iranian oil production by the end of 2016 will be in excess of 4 million barrels per day, more than in the pre-sanctions era, the nation's oil minister said. ... more
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Northrop Grumman moves to boost B-21 Raider output
Telus and AST SpaceMobile plan direct-to-phone satellite service across Canada
How Can Traffic Camera Footage Help Prove A Car Accident Claim In Rock Hill
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Canadian oil sector edging forward
Despite working in a weak market, two companies - Husky Energy and ConocoPhillips - announced the start of new oil operations in Canadian oil sands. ... more
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Shell acquisition of BG cleared by Europe
Royal Dutch Shell and BG Group announced their planned merger received unconditional approval Wednesday from the European Commission. ... more
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Oil prices edge lower on slow EU
Chinese economic woes have added downward pressure to crude oil prices, though markets extended losses Wednesday on weak European economic data. ... more
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Russian oil company Rosneft reports second-quarter loss
Russian oil company Rosneft said profits for the second quarter were down because of market and currency volatility, but performance was better than expected. ... more
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Canadian producer Penn West slashing jobs
Canadian oil and gas producer Penn West Petroleum said it would cut more than 400 jobs, or around 35 percent of its workforce, to endure a weak oil market. ... more
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