OIL

10,863 articles

Bahrain sentences six to death for 'assassination plot'
Dec 25, 2017 (AFP)
It was the first official mention of any plot against the life of Field Marshal Sheikh Khalifa bin Ahmed Al-Khalifa, who is a member of the ruling family, but t...
Iraq invites bids for new oil pipeline
Dec 24, 2017 (AFP)
The pipeline is to run for 350 kilometres (200 miles) and have a capacity of more than a million barrels per day, the ministry said. It is to replace one built ...
Chinese firm to develop oil field near Iraqi capital
Dec 24, 2017 (AFP)
A ministry spokesman told AFP the target was to produce 40,000 barrels per day from the southern sector of the East Baghdad field within five years of implement...
North Sea pipeline sending oil slightly lower
Dec 22, 2017 (UPI)
After finding a hairline crack on the network south of Aberdeen, energy and chemicals company Ineos closed its Forties pipeline system, which it bought this yea...
Eni says Kazakh agreement moves it closer to exploration
Dec 22, 2017 (UPI)
The Kazakh government and a state-controlled energy company transferred 50 percent of their subsoil usage rights in the Isatay basin in the Caspian Sea over to ...
Harvey didn't derail Houston's economy
Dec 22, 2017 (UPI)
Hurricane Harvey hit the southern coast of Texas and the largest density of refineries on the southern Gulf Coast in late August. Port infrastructure in Corpus ...
Fitch: LNG market getting crowded
Dec 22, 2017 (UPI)
"The LNG market is likely to be oversupplied for several years due to additional LNG capacity being commissioned in the United States, Australia and elsewhere, ...
Canada agrees to monitor oil sands impact
Dec 22, 2017 (UPI)
A federal report from 2015 finds there to be consistent and ongoing evidence of impacts to the ambient environment from the development of oil sands, the thicke...
BP, Rosneft deal gives Russia a gas export edge
Dec 22, 2017 (UPI)
Russian energy company Rosneft said Thursday it signed an agreement with the Russian division of BP to develop the natural gas reserves in the Kharampurskoe and...
Latest clashes highlight fragility of S.Sudan ceasefire deal
Dec 21, 2017 (AFP)
The apparent push to recapture the key rebel stronghold of Lasu came as mediators tabled a ceasefire agreement in Addis Ababa, which was signed by major parties...
Venezuelan Minister attacks US during China visit
Dec 21, 2017 (AFP)
Jorge Arreaza lashed out at US President Donald Trump, US and European sanctions, and American interference in Venezuela's internal affairs at the Venezuelan em...
Forties pipeline restart plan sends oil prices back to earth
Dec 21, 2017 (UPI)
"Based on current estimates the company expects to bring the pipeline progressively back to normal rates early in the New Year," pipeline company Ineos said Thu...
Ineos: Forties pipeline back in service by early January
Dec 21, 2017 (UPI)
Pipeline operator Ineos said it started the planning phase for the eventual resumption of operations on a system that sends about 40 percent of the oil produced...
Iraq begins takeover of oilfield from Shell
Dec 21, 2017 (AFP)
Luaibi said a committee was formed to "start taking over all responsibilities and documents from Shell which decided to withdraw from the field" in southern Ira...
We're concerned about climate change, U.S. shale company says
Dec 21, 2017 (UPI)
"Climate change is an important concern for Pioneer and our stakeholders, and our strategy is to proactively manage our environmental footprint and emissions," ...
Energy survey planned for pioneer areas of Gulf of Mexico
Dec 21, 2017 (UPI)
TGS said Thursday that, for multiple clients, it was conducting a seismic survey over 2,300 square miles of the deep U.S. waters of the Gulf of Mexico. The comp...
UN to vote on new N.Korea sanctions targeting oil
Dec 21, 2017 (AFP)
The United States has been in negotiations with China, Pyongyang's ally, on slapping new sanctions in response to the November 28 test of an intercontinental ba...
Around $1B in contracts expected offshore Norway
Dec 21, 2017 (UPI)
A lot more oil offshore Sierra Leone than early estimates showed
Dec 21, 2017 (UPI)
Exploration and production company African Petroleum said its contracted petroleum consultant, ERC Equipoise, surveyed the prospects off the coast of Sierra Leo...
Kremlin says it's trying to get ahead of sanctions
Dec 20, 2017 (UPI)
Russia's currency lost considerable value at the start of last year and the broader economy faced dual strains from lower crude oil prices and economic sanction...
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