oil production News

Shell, Murphy Evacuating Non-Essential Workers From U.S. Gulf Due to Storm

Royal Dutch Shell Plc and Murphy Oil Corp began evacuating non-essential workers from the U.S. Gulf of Mexico on Thursday because of the threat from Tropical Storm Cristobal. Shell said its production and drilling operations in the U.S.-regulated northern Gulf …

Ransomware Attack At Mexico’s Pemex Halts Work, Threatens To Cripple Computers

MEXICO CITY — A ransomware attack hit computer servers and halted administrative work on Monday at Mexican state oil firm Pemex, according to employees and internal emails, in hackers’ latest bid to wring ransom from a major company. Hackers have …

Oil Trims Losses on Conflicting Signals About Saudi Recovery

Oil pared an earlier decline on contradicting reports about when Saudi Arabia will restore production lost in unprecedented attacks. A Financial Times report citing unidentified Saudi sources contradicted an earlier article from Reuters that the kingdom is close to restoring …

Oil in Alberta Jumps Most This Year as Fires Shut Output

Canadian heavy oil in Alberta surged the most since December after wildfires forced a second producer in the region to shut in some operations. On Thursday, Canadian Natural Resources Ltd. removed all 240 people working at its Pelican Lake and …

Kansas Earthquake, Oil Production Might Be Related

The Kansas Geological Society is investigating whether a recent earthquake in southern Kansas might have been caused by oil production in the area. But KGS interim director Rex Buchanan says it might be hard to ever determine if the 3.8 …