OIL

10,863 articles

Oil spill cleanup fire kills two in Indonesia
Mar 31, 2018 (AFP)
The blaze was sparked as workers tried to clear the spill in waters near Balikpapan City by burning it. Two people -- believed to be fishermen -- were caught in...
Oil, gas markets close week mixed amid optimism on U.S. production
Mar 30, 2018 (UPI)
All major U.S. and European stock exchanges and markets were closed Friday for Good Friday, which coincides with the Passover holiday that starts Friday at sund...
Royal Dutch Shell's Brazil subsidiary secures four deep-water blocks
Mar 30, 2018 (UPI)
Shell Brasil Petroleo said Thursday it will operate in two of the four locations. The company made one bid on its own and jointly submitted the other three appl...
Alberta puts incentives offer behind effort to cut emissions
Mar 29, 2018 (UPI)
The provincial government in Alberta launched a challenge to heavy polluters, saying they could apply for $27 million in funding to cut emissions of greenhouse ...
Libyan strongman bombed Chad rebels, his forces say
Mar 29, 2018 (AFP)
Air raids targeted a rebel-held roadblock 400 kilometres (250 miles) southeast of Sebha, as well as other positions in an oasis in the Terbu region 400 kms fart...
Canada taking less LNG as North American shale improves
Mar 29, 2018 (UPI)
The National Energy Board, the Canadian regulator, reported the number of LNG cargoes to the country's only LNG import terminal -- the Canaport facility in New ...
Dutch to shut EU's largest gas field over quake risk
Mar 29, 2018 (AFP)
"Gas production will be scaled down to 12 billion cubic metres within the coming four to five years and eventually to zero in the next decade," Prime Minister M...
U.S. efforts to pressure oil-rich Venezuela tricky
Mar 29, 2018 (UPI)
The U.S. Energy Information Administration reported Venezuelan oil production dropped from 2.4 million barrels per day in 2015 to an average of 1.6 million bpd ...
U.S. issues call for information on Arctic lease for drillers
Mar 29, 2018 (UPI)
The Bureau of Ocean Energy Management solicited the information on a proposed lease in the Alaskan waters of the Beaufort Sea next year. The proposal, still in ...
Dallas Fed sees energy sector optimism, with caveats
Mar 29, 2018 (UPI)
A survey of 140 energy firms, of which 78 were in exploration production and the rest were field services companies, found that most respondents viewed the mark...
Saudi Aramco makes $10B handshake with U.S. firms
Mar 28, 2018 (UPI)
Saudi Arabian Oil Co., known commonly as Saudi Aramco, took part in a bilateral business forum in New York City with chief executive officers from U.S. companie...
Chinese lender gets in line behind Alaska LNG project
Mar 28, 2018 (UPI)
Alaska Gasline Development Corp. wants to build pipelines and associated infrastructure to process state gas into liquefied natural gas, a super-cooled form of ...
IEA sees short-term bottlenecks for U.S. oil sector
Mar 28, 2018 (UPI)
The United States is on pace to become the largest oil producer in the world, possibly passing Russia at some point in the very near future. Most of the U.S. pr...
Mexico expects $8 billion from offshore oil and gas auction
Mar 28, 2018 (UPI)
The government said it awarded 16 contracts to 14 companies grouped into 12 bidders during its latest auction for offshore contracts. The total investment over ...
Iraqi oil minister mulls northern provincial reconstruction
Mar 28, 2018 (UPI)
Iraqi Oil Minister Jabar al-Luaibi said he ordered oil companies to pave roads and restore parts of the infrastructure in Ninevah province. The state-run oil co...
Texas looks to cut red tape from oil sector
Mar 28, 2018 (UPI)
The Railroad Commission of Texas, the state's energy regulator, said it wanted to cut back on testing requirements for oil wells, a data-saving effort that coul...
Over-supply concerns drag oil lower early Wednesday
Mar 28, 2018 (UPI)
Crude oil prices spiked earlier in the week in response to simmering tensions between Saudi Arabia and Iran. Tehran in particular has been under pressure for it...
Total helps create green fund in China
Mar 27, 2018 (UPI)
Total Energy Ventures signed a heads of agreement effort with Chinese partners to create the Cathay Smart Energy Fund, an investment vehicle targeting renewable...
Slight dip in Canadian oil exports no detriment to growth
Mar 27, 2018 (UPI)
The National Energy Board reported total crude oil exports for January, the last full month for which data are available, averaged 3.3 million barrels per day, ...
UK emissions dropped by 6 percent by switching from coal to natural gas
Mar 27, 2018 (SPX)
The collaborative study by Dr Grant Wilson from the Department of Chemical and Biological Engineering and Energy 2050 at the University of Sheffield and Dr Iain...
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