OIL

10,863 articles

Strikes offshore Norway escalate
Jul 16, 2018 (UPI)
As promised, an offshore trade union idled 19 offshore installations through labor action during the weekend. Hundreds of workers on nine installations off the ...
Egyptian natural gas prospects improving
Jul 16, 2018 (UPI)
The company in June announced the discovery of natural gas at a site in the South Disouq license dubbed SD-4X. On Monday, SDX said flow tests were carried out w...
Drill more, Norway's energy regulator says
Jul 16, 2018 (UPI)
The Norwegian Petroleum Directorate, the nation's energy regulator, reported total production for oil in June averaged 1.48 million barrels per day. That's 3 pe...
Projection: U.S. oil production strong until 2030, then wanes
Jul 16, 2018 (UPI)
Total U.S. oil production for the week ending July 6 averaged 10.9 million barrels per day, up about 16 percent from last year and putting the United States amo...
Volatile world means volatile oil prices, Russia's energy minister says
Jul 13, 2018 (UPI)
Russian Energy Minister Alexander Novak addressed the price of crude oil ahead of next week's meetings in Helsinki between Russian President Vladimir Putin and ...
Big petroleum projects in Argentina face tiny challenge: a lizard
Jul 13, 2018 (AFP)
The lizard, whose scientific name is Liolaemus cuyumhue, was discovered in an area known as Bajo de Anelo, in the western province of Neuquen. "We have classifi...
Nigerian oil bandits could upend political climate
Jul 13, 2018 (UPI)
The British Foreign and Commonwealth Office issued a warning ahead of regional elections on Saturday. Travelers were warned ahead of the vote to avoid Nigerian ...
U.S. puts Gulf of Mexico oil and gas acreage up for auction
Jul 13, 2018 (UPI)
Deputy Interior Secretary David Bernhardt said the next lease in a five-year plan includes 79 million acres off the coast of Alabama, Florida, Louisiana, Missis...
Maersk Drilling gets North Sea vote of confidence
Jul 13, 2018 (UPI)
The regional subsidiary of Irish energy company Petrogas extended the contract for the Maersk Resolute rig for 56 days. A subsidiary of Germany major Wintershal...
Total becomes a global leader in LNG
Jul 13, 2018 (UPI)
The French supermajor paid $1.5 billion to acquire the exploration and production segment of Engie's LNG portfolio. Of note in the purchase was Engie's minority...
Push-pull factors leave oil prices lacking direction early Friday
Jul 13, 2018 (UPI)
"Expect more oil price volatility as the global oil market can flip from a global supply surplus to a global supply deficit at the drop of a hat," Phil Flynn, t...
UN slaps arms embargo on South Sudan
Jul 13, 2018 (AFP)
The council narrowly adopted a US-drafted resolution with the backing of nine countries. Russia, China and four other countries abstained. The United States had...
Aker BP's revenue supported by improved market conditions
Jul 13, 2018 (UPI)
Aker BP, which formed as a result of a tie up with the Norwegian subsidiary of BP, is one of the first companies out with an earnings report for the second quar...
Western powers welcome return of Libyan oil
Jul 12, 2018 (UPI)
The NOC announced Wednesday it lifted a suspension of loading at four oil terminals after control was returned from the Libyan National Army, which seized the f...
Ahead of earnings, Weatherford sells off Middle East rigs
Jul 12, 2018 (UPI)
A regional subsidiary of Weatherford International sold off its drilling operations in Algeria, Kuwait and Saudi Arabia, along with two idled land rigs in Iraq,...
Premiere Oil says Catcher complex balancing natural declines
Jul 12, 2018 (UPI)
Premiere said net production during the first six months of the year averaged 76,100 barrels of oil equivalent per day, below its full-year guidance of 80,000 b...
Trump's attacks on Nord Stream 2 are 'unfair competition': Kremlin
Jul 12, 2018 (AFP)
"We have said before that we consider this to be unfair competition," Kremlin spokesman Dmitry Peskov said, adding that it was an attempt to force European buye...
US asks UN to cut off oil products to North Korea
Jul 12, 2018 (AFP)
A confidential US report sent to a UN sanctions committee estimated that at least 759,793 barrels of oil products had been delivered to North Korea between Janu...
Germany 'controlled' by Russia on gas, Trump says
Jul 11, 2018 (UPI)
U.S. President Donald Trump arrived Wednesday in Brussels to meet with NATO representatives. Seated across from NATO Secretary General Jens Stoltenberg, the pre...
OPEC sees few long-term pressures from trade war
Jul 11, 2018 (UPI)
Economists at the Organization of Petroleum Exporting Countries said Wednesday they expected global growth in gross domestic product for 2018 should be 3.8 perc...
Buy Advertising About Us Editorial & Other Enquiries Privacy statement
The content herein, unless otherwise known to be public domain, is Copyright 1995-2026 Space Media Network. All websites are published in Australia and are solely subject to Australian law and governed by Fair Use principles for news reporting and research purposes.