OIL

10,863 articles

Kurdish oil producer Genel Energy could see gains this year
Jan 25, 2018 (UPI)
Genel said total production for the fourth quarter for its operations in the Kurdish north of Iraq averaged 127,100 barrels per day, with its net at 35,200 barr...
UK sandwich eating produces same CO2 as 'millions of cars'
Jan 25, 2018 (AFP)
Around 11.5 billion sandwiches are consumed each year in Britain, half of which are homemade and half bought, according to the British Sandwich Association (BSA...
Total takes slice of Chevron oil find in the Gulf of Mexico
Jan 24, 2018 (UPI)
For an undisclosed sum, the French supermajor said it bought the 12.5 percent interest in the four blocks covering the Anchor discovery from Samson Offshore Anc...
Baker Hughes reports mixed performance amid uncertain market
Jan 24, 2018 (UPI)
Baker Hughes, now a company under the General Electric umbrella, reported fourth quarter revenue of $5.8 million, an increase of 7 percent from the third quarte...
First cargo of oil lifted from Catcher area in the North Sea
Jan 24, 2018 (UPI)
Premier Oil, the field's operator, said Wednesday the first cargo was lifted yesterday, earlier than expected, and another was already set for the first week of...
Oil prices mixed, but still holding near $70 per barrel
Jan 24, 2018 (UPI)
The price for Brent crude oil bounced around $70 per barrel for most of the Tuesday session, before settling a few cents shy of the psychological benchmark. Mom...
Norwegian oil and gas production better than 2016
Jan 23, 2018 (UPI)
The Norwegian Petroleum Directorate, the nation's energy regulator, reported that preliminary data show total daily production from December averaged 1.54 milli...
High gas prices could be the new normal
Jan 23, 2018 (UPI)
Motor club AAA reports a national average retail price of $2.54 per gallon for Tuesday, a slight increase from the previous day and about 10 cents per gallon, o...
Kenya says Total is committed to a single export pipeline
Jan 23, 2018 (UPI)
Manoah Esipisu, a spokesman for Kenyan President Uhuru Kenyatta, said Total committed to a single pipeline to the port city of Lamu as the only option to take o...
Alaska's LNG project inching toward reality
Jan 23, 2018 (UPI)
An LNG project in the design phase in Alaska would connect a natural gas reservoir in Prudhoe Bay through 800 miles of pipe to a liquefaction plant on the south...
A tightening oil market drives oil back toward $70 per barrel
Jan 23, 2018 (UPI)
The price for Brent crude oil, the global benchmark, already closed above $70 per barrel once this year, a four-year high that followed a 4 percent spike in the...
Offshore could be beating U.S. shale
Jan 23, 2018 (UPI)
U.S. shale oil developments are expected to push total U.S. production above 10 million barrels per day this year for an all-time record that, if forecasts are ...
UAE air force told 'not to escalate' Qatar air dispute
Jan 23, 2018 (AFP)
"From the beginning of the Qatari provocations, we were given instructions from our superiors not to escalate in this area as part of our commitment to the prin...
Radioactivity from oil and gas wastewater persists in Pennsylvania stream sediments
Jan 23, 2018 (SPX)
The contamination is coming from the disposal of conventional, or non-fracked, oil and gas wastewater, which, under current state regulations, can still be trea...
Dutch turning off quake-zone gas for 200 firms
Jan 23, 2018 (AFP)
Instead, firms must transition by 2022 to using sustainable sources of energy, or use gas from elsewhere, Economics Minister Eric Wiebes wrote in a letter to ea...
Lundin Petroleum revises reserve outlook higher
Jan 22, 2018 (UPI)
Lundin said Monday its total proved plus probable -- known in the industry as 2P reserves -- were 726 million barrels of oil equivalent as of Dec. 31. Total 2P ...
Oil spill disasters in the past 50 years
Jan 22, 2018 (AFP)
Here is a look back at the major oil spills around the world in the past five decades: - Shipwrecks - - Atlantic Empress and Aegean Captain, 1979: The two Greek...
Wintershall confirms Libyan oil production restart
Jan 22, 2018 (UPI)
A spokesman for the company said production resumed from the C96 license area, part of the As-Sarah field, during the weekend. Production was closed in November...
Oil prices flat at market open, even after talk of extended OPEC action
Jan 22, 2018 (UPI)
Members of a committee monitoring compliance with the effort by the Organization of Petroleum Exporting Countries to erase the surplus of oil on the market met ...
Kurdish oil production expectations high
Jan 22, 2018 (UPI)
The company, issuing guidance ahead of its full-year 2017 report, said its production expectations were met last year and it was looking to stimulate output fro...
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