OIL

10,863 articles

Drilling services company Halliburton upbeat about North America
Jan 22, 2018 (UPI)
Halliburton posted mixed results for the fourth quarter, taking an $805 million loss. Adjusted income, not counting the charges from U.S. tax reform or operatio...
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...
Iraq to sign gas deal with US firm for southern field
Jan 21, 2018 (AFP)
The Nahr Bin Omar field, situated in the hydrocarbon-rich Basra province, is currently producing 40,000 barrels of oil a day, but only a small part of the gas f...
Rig counts, but not jobs, up in Texas
Jan 19, 2018 (UPI)
The Federal Reserve Bank of Dallas said production in the Permian shale basin increased by about 66,000 barrels per day between November and December to reach a...
Schlumberger sees sunny skies ahead for energy sector
Jan 19, 2018 (UPI)
Schlumberger is the world's largest oilfield services company and was among those that encountered headwinds two years ago when the price of crude oil dropped b...
Transocean shareholders back acquisition of Songa Offshore
Jan 19, 2018 (UPI)
Transocean said an extraordinary meeting of shareholders concluded in Switzerland with overwhelming support for the takeover. "With this acquisition, we add to ...
U.S. shale spoiling the rally in oil prices
Jan 19, 2018 (UPI)
A geopolitical risk premium emanating from North Korean nuclear tensions, U.S. sanctions on Iran and general global unrest helped push crude oil prices to fresh...
Keystone XL opponents not buying TransCanada's take on commitments
Jan 19, 2018 (UPI)
TransCanada said Thursday it concluded the open season for commercial commitments to fill the Keystone XL pipeline. With 500,000 barrels per day in firm commitm...
Don't worry about oil price movement yet, Russia says
Jan 19, 2018 (UPI)
Crude oil prices started the year on a historic rally, moving from $66.65 per barrel for Brent, the global benchmark, to its highest close in four years, just a...
Kurdish gas reserve upgrade met with production questions
Jan 19, 2018 (UPI)
The company, which has headquarters in London, said an assessment by a third party, RPS Energy Consultants Ltd., of the Bina Bawi and Miran West fields in the K...
Michigan advocates lay out alternatives to controversial Line 5
Jan 18, 2018 (UPI)
Part of a regional network of pipelines, Line 5, runs through Michigan's Upper Peninsula, through the turbulent Straits of Mackinac and then east to Ontario. In...
Demand data offsets Chinese growth to push oil prices lower
Jan 18, 2018 (UPI)
Traders are focused intently on the balance between global supplies of oil and other petroleum products and demand. A huge surplus two years ago pushed the pric...
China spots four oil slicks from sunken tanker
Jan 18, 2018 (AFP)
The Sanchi, which was carrying 136,000 tonnes of light crude oil from Iran, sank in a ball of flames in the East China Sea on Sunday, a week after colliding wit...
Florida Democrat plays hardball on Trump's offshore drilling plan
Jan 18, 2018 (UPI)
U.S. Sen. Bill Nelson, D-Fla., said he placed a hold on three nominees for positions in the Interior Department until Interior Secretary Ryan Zinke submits a ne...
Statoil to start new North Sea exploration effort in February
Jan 18, 2018 (UPI)
The Petroleum Safety Authority said Statoil has consent to use the Deepsea Bergen drill ship, owned and operated by Odfjell Drilling, for 37 days starting in Fe...
BP called to overhaul oil fields in Iraq's Kirkuk province
Jan 18, 2018 (UPI)
The Iraqi Oil Ministry said it signed a memorandum of understanding with BP to overhaul fields seized when Iraqi forces grabbed control over parts of the region...
BHP Billiton continues U.S. shale exit plans
Jan 18, 2018 (UPI)
In August, CEO Andrew Mackenzie said the company determined that its U.S. shale assets were not core parts of the portfolio. In a performance review for the six...
TransCanada says Keystone XL interest strong enough to proceed
Jan 18, 2018 (UPI)
The company said it concluded the open season for commercial commitments to fill the Keystone XL pipeline. With 500,000 barrels per day in firm commitments for ...
Cheap gasoline in the winter isn't likely in 2018
Jan 17, 2018 (UPI)
Motor club AAA reports a national average retail price of $2.53 for a gallon of regular unleaded gasoline in the United States, up slightly from Tuesday and 10 ...
Venezuela says rebel pilot killed in police operation
Jan 17, 2018 (AFP)
Police swooped on Perez and his armed group holed up outside Caracas on Monday, setting off a fierce gunbattle in which two police officers were also killed. It...
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