OIL

10,863 articles

No certification needed for offshore drilling safety, U.S. proposes
Dec 29, 2017 (UPI)
The Bureau of Safety and Environmental Enforcement published a proposed change in the rules for offshore oil and gas drilling in the Federal Registry on Friday....
Alberta is leaving economic recession behind
Dec 29, 2017 (UPI)
At one point last year, the oil-rich province was anticipating an $8 billion deficit and lingering recession because of the downturn in crude oil prices and May...
OMV says it's not playing the geopolitical game
Dec 29, 2017 (UPI)
For $2 billion, the company in early December completed the acquisition of the 24.9 percent stake held by Russian energy company Uniper in the Yuzhno Russkoye n...
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...
US moves to reverse regulations for offshore oil drilling
Dec 29, 2017 (AFP)
The proposed rules ease requirements on safety and pollution prevention equipment for offshore rigs to promote more drilling, according to a statement from the ...
Texas energy sector ends the year with optimism
Dec 29, 2017 (UPI)
A survey of 134 energy firms from Dec. 13-21 by the Federal Reserve Bank of Dallas showed an index measuring confidence had its first sign of reduced uncertaint...
Oil prices up as balance approaches
Dec 29, 2017 (UPI)
Data from the U.S. Energy Information Administration showed crude oil stockpiles dropped 4.6 million barrels for the week ending Dec. 22. The American Petroleum...
Oil treading water even as Forties pipeline system returns to life
Dec 28, 2017 (UPI)
"All restrictions on the flow of oil and gas from platforms feeding into the pipeline system have been fully lifted," the company said in a statement. "All cust...
All restrictions on Forties pipeline system lifted
Dec 28, 2017 (UPI)
Ineos shut down the Forties pipeline system from the North Sea to inland refineries on Dec. 11 after discovering a hairline crack on infrastructure near Aberdee...
U.S. safety regulator proposes offshore overhaul
Dec 28, 2017 (UPI)
The Bureau of Safety and Environmental Enforcement said it would publish its proposed regulations on offshore drilling in the federal registry on Friday. Ahead ...
Iran's economy 'on a good trend'
Dec 28, 2017 (UPI)
Eshaq Jahangiri laid out his read on the Iranian economy during a meeting with provincial leaders, saying growth was around 6 percent during the first half of t...
Arctic development left Russian environment damaged
Dec 28, 2017 (UPI)
Sakhamin Afanasyev, the minister of ecology for the Sakha republic, the largest in Russia, said companies working in the extreme climate have spent about $138 m...
Gazprom sees Chinese gas pipeline online in two years
Dec 27, 2017 (UPI)
The board of directors at Russian energy company Gazprom signed off on plans last week for 2018, noting gas transmission lines like Power of Siberia and the dou...
Natural gas production starts in Peru
Dec 27, 2017 (UPI)
Gas production started Wednesday at the Sagari field, located inside so-called Block 57 in the southern Cusco region of Peru. "The start of production at Sagari...
Libya out at least 70,000 barrels of oil per day
Dec 27, 2017 (UPI)
The National Oil Corp. said it was able to confirm an explosion on a pipeline feeding the port of Es-Sider. The pipeline is operated by Libya's Waha Oil Co., an...
Texas oil and gas trade group praises U.S. tax overhaul
Dec 27, 2017 (UPI)
U.S. President Donald Trump signed the Tax Cuts and Jobs Act before leaving for his Christmas holiday. The measure, which extends permanent tax cuts to corporat...
New LNG bunkering port possible for Thailand
Dec 27, 2017 (UPI)
Marubeni Corp. said it started a feasibility study with Thailand's state-run petroleum and petrochemical company, PTT Public Co. Ltd., for liquefied natural gas...
New oil coming out of North Sea
Dec 27, 2017 (UPI)
Premiere said initial production from its floating production, storage and offloading vessel parked over the three fields that make up the Catcher area will be ...
Oil gives up gains with Libya factored in
Dec 27, 2017 (UPI)
The price of oil shot up more than 2 percent in late Tuesday trading on reports of an explosion on a pipeline in Libya. The National Oil Corp. said in an undate...
Oil prices up slightly as U.S. drillers pause new rigs
Dec 26, 2017 (UPI)
News that oil delivery systems are being tested in the North Sea in hope of a restart around the new year, while drillers in the United States effectively added...
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