OIL

10,863 articles

Trudeau tells Canada province to 'stop obstructing' pipeline
Apr 09, 2018 (AFP)
At the same time, the premier of neighboring oil-rich but landlocked Alberta, Rachel Notley, warned that the standoff with British Columbia risked triggering a ...
OPEC-member Iran boasts of nuclear capacity
Apr 09, 2018 (UPI)
"Our nuclear industry is moving faster than before with more energy, accuracy, and more accurate calculation," Iranian President Hassan Rouhani was quoted by Me...
Kinder Morgan stops work on controversial Canada pipeline
Apr 09, 2018 (AFP)
A final decision on the Trans Mountain Expansion Project, which is supported by both the federal government headed by Prime Minister Justin Trudeau and the prov...
Kinder Morgan backs away from Trans Mountain expansion
Apr 09, 2018 (UPI)
The consortium behind the project planned to expand the Trans Mountain network to the western coast of Canada, tripling its design capacity to 890,000 barrels p...
Iraq is barely committed to OPEC deal, data show
Apr 09, 2018 (UPI)
The Organization of Petroleum Exporting Countries, with support of other producers like Russia, is in its second year of an agreement to drain a surplus on a fi...
BP pegs gas strategy to growth in India
Apr 06, 2018 (UPI)
The British energy company is among the largest international companies in India, with around 7,500 people on its payroll. Sashi Mukandan, the company's regiona...
Norway clears way for drilling in the Barents Sea
Apr 06, 2018 (UPI)
The Petroleum Safety Authority of Norway gave Aker BP consent to drill an exploration well in the Svanefjell prospect in the Barents Sea using the semi-submersi...
Oil prices caught between trade war pressure and risk
Apr 06, 2018 (UPI)
U.S. President Donald Trump threatened to double down on trade pressures against China in a volley between the two largest economies in the world that could eru...
Trans Mountain clears another hurdle, but Kinder Morgan stops work
Apr 06, 2018 (UPI)
The National Energy Board ruled that a route for a small section of the pipeline in the city of Chilliwack in British Columbia was necessary. "After considering...
Iranian oil projects have good break-evens, analysts say
Apr 06, 2018 (UPI)
GlobalData, a data and analytics company, estimated Iran will spend more than $20 billion over the next three years to make sure production could approach 4.9 m...
Russia sees no energy headwinds from sanctions
Apr 06, 2018 (UPI)
"Undoubtedly, if certain measures are taken against us, we will have the opportunity to react," Russian Energy Minister Alexander Novak was quoted by Russian ne...
Britain opens military base in Bahrain
Apr 05, 2018 (AFP)
The base, south of Bahrain's capital Manama, will house around 300 British troops and support personnel as Britain and Gulf states press their campaign against ...
Ford Motor next to question U.S. trade response
Apr 05, 2018 (UPI)
U.S. trade policies have unsettled some of the traditional backbones of the world's largest economy. This week, the U.S. Environmental Protection Agency called ...
CFO at Canada's Husky Energy resigns
Apr 05, 2018 (UPI)
Husky Energy announced that Chief Financial Officer Jon McKenzie has resigned, effective Thursday. CEO Rob Peabody said the company was still committed to its t...
Statoil plops down another $1.4B on Johan Sverdrup agreements
Apr 05, 2018 (UPI)
Statoil signed letters of intent Thursday with services companies Aibel, Aker Solutions and Kværner for construction and field center modifications for the Joh...
Oil and gas spending improved, but questions remain
Apr 05, 2018 (UPI)
Energy consultant group Wood Mackenzie found that average spending last year on major projects, those with commercial reserves of more than 50 million barrels o...
Qatar introduces national service for women
Apr 05, 2018 (AFP)
Women aged over 18 will be able to volunteer for national service under the law, which comes into immediate affect, while men will now serve a year instead of t...
DNO takes on more shares in Faroe Petroleum
Apr 05, 2018 (UPI)
DNO said Thursday it acquired another 8.5 million shares in Faroe Petroleum for $14.8 million. The grab represents 2.3 percent of the outstanding shares in Faro...
Oil prices lack clear direction in push-pull market
Apr 05, 2018 (UPI)
The U.S. Energy Information Administration reported Wednesday that U.S. crude oil inventories declined by more than 4.5 million barrels, beating the estimates f...
Bahrain estimates oil discovery has 80 billion barrels
Apr 04, 2018 (UPI)
Bahraini Oil Minister Mohamed bin Khalifa al-Khalifa announced during the weekend that a "substantial" oil and natural gas discovery was made off the nation's w...
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