Fundamental Oil Report ()

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Fundamental Oil Report ()

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Libya to help ease Egypt crisis with $1.2 billion oil deal

Libya will soon start shipping oil to neighbouring Egypt on soft credit terms, two senior Libyan officials said, as Cairo struggles to pay for energy... Read More

BP may delay $10 billion Mad Dog oil scheme in Gulf of Mexico

BP is reviewing its biggest new oil project in the Gulf of Mexico, due to rising development costs across the industry, and could delay the $10... Read More

Fundamental Oil Report ()

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GE to buy oil pump maker Lufkin for nearly $3 billion

General Electric Co <GE.N> is buying oilfield pump maker Lufkin Industries Inc <LUFK.O> for $2.98 billion (1.9 billion pounds), sharply... Read More

GE to acquire oilfield services provider Lufkin for $3 billion

General Electric Co <GE.N> said it will buy oilfield services provider Lufkin Industries Inc <LUFK.O> for about $2.98 billion to boost... Read More

Fundamental Oil Report ()

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Nigerian agencies seek $11.5 billion oil spill payout from Shell

Two Nigerian government agencies told a parliamentary hearing on Thursday that Royal Dutch Shell should pay a total of $11.5 billion (7.6 billion... Read More

Exclusive - Petrobras said to auction $5 billion of Nigeria oil assets

Brazilian oil company Petrobras <PETR4.SA> is to auction off its stakes in Nigerian oil fields to raise cash for domestic projects, a deal that... Read More