Saudi Arabia's Minister of Petroleum and Mineral Resources Ali Ibrahim Naimi speaks to journalists at a hotel in Vienna, Austria, Tuesday, Dec. 1, 2015, prior to  the OPEC oil  ministers' meeting on Friday.  (AP Photo/Ronald Zak)

Saudi battles Russia for EU market share, while Iran waits in the wings

Juxtaposed with the 45th birthday of comedian Sarah Silverman, the crude complex is looking rather surly and serious today. While the OPEC meeting and Nonfarm Friday lurks (like an 800-pound gorilla) at the end of the week, a new month brings an onslaught of economic data to weigh up, kicked off overnight by Chinese manufacturing. The […]
(Kristian Helgesen/Bloomberg)

Norway faces 20 percent drop in oil investment after prices slump

Norway’s oil companies reduced their exploration-spending forecast for next year by 35 percent from the previous quarter’s estimate, and foresee a “sharp decline” in the number of offshore wells, Statistics Norway said.
Total headquarters outside Paris. (AP file photo/Jacques Brinon)

Total steps up security measures after terror attacks in Paris

France has declared a three-month state of emergency after terrorist attacks carried out by Islamic State militants hit the French capital on Nov. 13.
(AP Photo/Hasan Jamali, File)

IEA: Iran return will intensify Europe oil-price competition

Europe will be the battleground between producers of sour crude grades, including Russia, Iraq, Saudi Arabia and Iran, as the Asian market becomes more “crowded,” the Paris-based IEA said in its monthly report.
Prime Minister Vladimir Putin of Russia visits an oil rig in the Caspian Sea operated by Lukoil, April 28, 2010. (Alexei Druzhinin/Pool via The New York Times)

Russia’s oil rivalry with Saudis masks bigger Iranian threat

Iranian shipments to Europe came to about 600,000 barrels a day, or 17 percent of its production, before sanctions blocked imports in 2012.
(Paul White/(AP photo)

Repsol earnings miss estimates after crude oil prices tumble

Repsol is among international oil producers to suffer from a 40 percent decline in the price of Brent crude over the past year.
Shell Oil President Marvin Odum, center, speaks at the University of Houston energy symposium, "Carbon tax: Is it the right time?" on Tuesday, Nov. 10, 2015. ( Karen Warren / Houston Chronicle )

Shell Oil Co. president touts carbon tax over piecemeal regulations

A carbon tax or cap-and-trade system in the U.S. — and globally — would serve the energy industry better than the current slate of piecemeal state and federal regulations, Shell Oil Co. President Marvin Odum said Tuesday at a University of Houston energy symposium on “Carbon Tax: Is It the Right Time?”
Source:, Trans Adriatic Pipeline.

Commentary: Southern Gas Corridor can boost regional stability

Georgios Papanikolaou is the Consul of Greece to Houston; Elena Sgarbi is the Consul General of Italy to Houston; and Ferhat Alkan is the Consul General of the Republic of Turkey to Houston.
The Maersk Developer drills an exploratory well into Statoil's Martin prospect in the Gulf of Mexico. (Jennifer A. Dlouhy / Houston Chronicle)

Maersk oil profit sank 86 percent last quarter

Maersk Line said on Nov. 4 it will cut as many as 4,000 jobs, scale back capacity and delay investments to cope with a weaker container market.

Norway oil-rig tender reveals ‘desperate’ drillers in price rout

Offshores drillers such as Transocean Ltd., Seadrill Ltd. and Fred Olsen Energy ASA have been caught in a double whammy of falling demand for their services and a glut of new rigs coming into the market.