OIL

10,863 articles

New oil production starts in the U.S. Gulf of Mexico
Feb 06, 2018 (UPI)
U.S. energy company Hess Corp. is the operator at the Stampede field, with a 25 percent stake. The U.S. affiliate of the China National Offshore Oil Corp., Nexe...
Jordan approves construction of Iraq oil pipeline: govt
Feb 06, 2018 (AFP)
In 2013, the neighbouring countries agreed on the idea of the 1,700-kilometre (1,000-mile) pipeline to run from Basra to the Red Sea port at a cost of $18 billi...
U.S. retail gasoline prices getting higher and higher
Feb 06, 2018 (UPI)
Motor club AAA lists an average retail price of $2.61 for a gallon of regular unleaded gasoline for Tuesday, unchanged from Monday, but almost 5 percent, or 11 ...
BP reports one its strongest quarters in years
Feb 06, 2018 (UPI)
"2017 was one of the strongest years in BP's recent history," BP Chief Executive Bob Dudley said in a statement. The British supermajor is the latest out with f...
Shale drilling in British Columbia closer to reality
Feb 06, 2018 (UPI)
Australian energy company Calima operates more than 70,000 acres in the Montney shale formation in British Columbia. The company said it's received authorizatio...
Nothing guaranteeing oil at $70 per barrel, Total CEO says
Feb 06, 2018 (UPI)
The price for Brent crude oil has at least twice settled above the $70 per barrel mark so far this year, breaking through a ceiling not seen in years. A combina...
Total commits further to LNG as a maritime fuel
Feb 06, 2018 (UPI)
The marine fuels division of Total signed with Japan's Mitsui O.S.K. Lines, or MOL, a long-term charter commitment for a bunkering vessel scheduled for 2020 del...
French major Total takes more of South African oil
Feb 05, 2018 (UPI)
Total signed contracts to take non-controlling interests in the Canje and Kanuku block offshore Guyana, expanding its exploration rights beyond holdings in the ...
China took on more oil than the U.S. last year
Feb 05, 2018 (UPI)
China became the world's No. 1 importer of petroleum and other products five years ago. Last year, it imported 8.4 million barrels of oil per day on average, be...
EU missing some energy targets
Feb 05, 2018 (UPI)
Members of the EU are committed to reducing energy consumption by 20 percent by 2020 and were 4 percent off their target in 2016, the last four which Eurostat p...
Environmentalists appeal ruling over Norway's Arctic oil licences
Feb 05, 2018 (AFP)
In early January, the Oslo district court dismissed a first case by the Norwegian branch of Greenpeace and Natur og Ungdom (Nature and Youth) which had sued the...
Oil prices follow broader markets lower
Feb 05, 2018 (UPI)
U.S. stock markets last week experienced one of their worst contractions in years and Chinese markets closed mixed on Monday, while all major indices in the U.S...
Iran prioritizes focus on sunken oil tanker
Feb 05, 2018 (UPI)
The Japanese government said Friday it set up its own operations to vet information about the possibility that oil from Iranian oil tanker Sanchi had reached it...
U.S. production for Hess balanced by third-party issues offshore
Feb 05, 2018 (UPI)
Hess Corp. reported net production from the Bakken shale basin, one of the more lucrative reservoirs in the Lower 48, increased 16 percent from fourth quarter 2...
U.S. mulls wide-ranging impacts of sanctioning Venezuelan oil
Feb 05, 2018 (UPI)
On a tour of Latin America, U.S. Secretary of State Rex Tillerson has expressed mounting concerns about the political affairs in Venezuela, a top oil producer. ...
ANWR drilling a big deal, Trump says
Feb 02, 2018 (UPI)
The U.S. tax reform passed late last year included language inserted by U.S. Sen. Lisa Murkowski, R-Alaska, that opened the so-called section 1002 Area of the A...
Method of petroleum extraction based on injections of nanosized metal oxide colloids
Feb 02, 2018 (SPX)
Since beginning in 2013, these studies have already shown noticeable results - new methods of catalytic agents synthesizing were developed and patented - but no...
Aker BP continues to probe December rig fatality
Feb 02, 2018 (UPI)
One person died in early December after falling in the sea while conducting maintenance work on the Maersk Interceptor rig, contracted by Aker BP to tap into th...
Fourth quarter production for Exxon turns south
Feb 02, 2018 (UPI)
Exxon reported its oil-equivalent production during the fourth quarter was on average 4 million barrels per day, a decline of about 130,000 barrels per day, or ...
Kashagan oil exports reach milestone
Feb 02, 2018 (UPI)
The Kashagan oil field in Kazakhstan is one of the country's brighter prospects, though development has been impeded by a series of issues with infrastructure i...
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