OIL

10,863 articles

Rig counts mixed, though U.S. offshore steady
Jan 05, 2018 (UPI)
Commodity pricing group S&P Global Platts said in an emailed report it counted 988 rigs working inland in the United States in December, down about 3 percent fr...
Oil rally finally slips on the first Friday of 2018
Jan 05, 2018 (UPI)
Minutes before the opening bell in New York, Exxon Mobil and its partners at Hess Corp said they've declared a sixth "significant" oil discovery off the coast o...
Nigeria oil recovery welcome, though pollution a problem
Jan 05, 2018 (UPI)
Harriet Thompson, the British Deputy High Commissioner to Nigeria, gave both praise and criticism to the Nigerian government in statements made on the occasion ...
Demand strains the biggest energy problem after U.S. snowstorm
Jan 05, 2018 (UPI)
Parts of Massachusetts are buried under almost 19 inches of snow after a cold winter storm moved through the area Thursday. The situation is the same for much o...
North Sea decommissioning sparks paperwork questions
Jan 04, 2018 (UPI)
"Over the 40-plus year lifespan of an offshore asset, many thousands of boxes of physical records, and millions of electronic files are created," Daniel Brown, ...
Trump administration seeks to open most US waters to offshore oil drilling
Jan 04, 2018 (AFP)
The program "proposes the largest number of lease sales in US history," and opens 98 percent of recoverable oil and gas reserves in federally-controlled waters ...
Maersk given safety order after fatal December rig accident
Jan 04, 2018 (UPI)
Aker BP, which serves as the operator at the Tambar oil field in the Norwegian waters of the North Sea, said a "serious accident" on board the Maersk Intercepto...
U.S. storms, data waiting-game leave oil steady early Thursday
Jan 04, 2018 (UPI)
Though oil production hasn't been impacted, the political unrest simmering in Iran could trigger a broader reaction in the region. For Washington, the demonstra...
Interior Department plans massive expansion of offshore drilling
Jan 04, 2018 (UPI)
Interior Secretary Ryan Zinke announced most of the nation's outer continental shelf is being considered for drilling, including off the coasts of Maine, Califo...
Environmentalists lose lawsuit over Norway's Arctic oil licenses
Jan 04, 2018 (AFP)
In a ruling that could be appealed, the Oslo district court said the Norwegian state did not violate the constitution by granting exploration licenses in the Ba...
U.S. envoy to Baghdad expresses Iraqi oil interest
Jan 04, 2018 (UPI)
U.S. Ambassador Douglas Silliman led a delegation to Baghdad to meet with Iraqi Oil Minister Jabbar al-Luaibi to discuss bilateral cooperation in the Iraqi eneg...
Energy sector analysis sees deepwater attraction
Jan 04, 2018 (UPI)
Consultant group Wood Mackenzie expects a competitive field this year in exploration and production, with likely only the majors like BP and Exxon Mobil, along ...
Oil prices up on geopolitical risk and inventory declines
Jan 03, 2018 (UPI)
Traders are watching for the gap between supply and demand to draw closer to balance. An oversupplied market over the last few years pushed the price of oil to ...
Maersk lands drilling work for offshore Ghana
Jan 03, 2018 (UPI)
Maersk said it landed a four-year contract from Tullow Ghana, which is leasing its deepwater drillship Maersk Venturer for development work at the Jubilee and T...
U.S. gasoline prices at four-year high for early January
Jan 03, 2018 (UPI)
Motor club AAA reports a national average retail price of $2.49 for a gallon of regular unleaded gasoline for Wednesday, up about 4 cents from last week and 13 ...
Texas oil trade group sees investment pickup in 2018
Jan 03, 2018 (UPI)
Texas is the No. 1 oil producing state in the country and home to some of the most lucrative shale basins, notably the Permian reservoir. The state's economy wa...
Iranian unrest not yet impacting oil production
Jan 03, 2018 (UPI)
More than a dozen people were reported dead in Iran after demonstrations against the rising cost of living boiled over to political unrest during the weekend. A...
Shell divestment streak continues with Hong Kong shedding
Jan 03, 2018 (UPI)
Shell said it dated the completion of the first phase of the sale of its Hong Kong and Macau liquid petroleum gas business for Dec. 31. The sale was announced i...
Re-assessing Alaska's energy frontier
Jan 02, 2018 (SPX)
The new USGS assessment estimates 8.7 billion barrels of oil and 25 trillion cubic feet of natural gas resources. This is a more than sixfold increase from the ...
Surveys of oil basins in Russian Arctic completed
Dec 29, 2017 (UPI)
A subsidiary of Gazprom Neft said it finished seismic surveys of the Dolginskoye oil field and the Severo-Zapadny license block in the Arctic waters of the Pech...
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