OIL

10,863 articles

Canadian oil closer to getting out of North America
Dec 08, 2017 (UPI)
The National Energy Board, an independent federal regulator, ruled that pipeline company Kinder Morgan doesn't have to comply with bylaws in the city of Burnaby...
Go further, Sierra Club tells Minnesota oil pipeline reviewers
Dec 08, 2017 (UPI)
Enbridge is proposing an overhaul of the Line 3 segment of a broader network that extends through parts of Canada and into the northern United States. Construct...
Chinese thirst, U.S. labor sends oil prices higher early Friday
Dec 08, 2017 (UPI)
Crude oil prices have moved between gains and losses for much of the week, but are generally lower for December. Traders have shifted focus away from the OPEC r...
Aussie company zeroes in on Canadian shale
Dec 07, 2017 (UPI)
Through the latest government land auction, the company said it increased its holdings in the Montney shale formation by 2,738 acres, or about 4 percent. "The c...
Oklahoma draws in more oil, gas taxes
Dec 07, 2017 (UPI)
State Treasurer Ken Miller said gross tax receipts paid to his agency in November were up 12 percent, or $98.6 million, from the same time last year at $893.4 m...
Oil prices recover on GDP gains in Europe, U.S. labor
Dec 07, 2017 (UPI)
Last week, the Organization of Economic Cooperation and Development reported growth in the world's industrialized economies was apparent, but also lopsided. Nev...
Chevron boasts of U.S. shale, but spending more elsewhere
Dec 07, 2017 (UPI)
Chevron said it planned to spend $18.3 billion next year on exploration, adding it was focused on the growth potential in the Permian shale basin in Texas. "Wit...
More contracts rolled out for Statoil's mega Johan Castberg
Dec 07, 2017 (UPI)
For an undisclosed sum, the company said it signed a contract with SBM Offshore for the delivery of components for the floating production ship it plans to use ...
Mobil-brand gas stations open in Mexico
Dec 07, 2017 (UPI)
Exxon said it opened eight Mobil-branded service stations in the central state of Querétaro. The company said it represents its first footsteps in the Mexican ...
Democratic leaders, indigenous groups, say no to Alaskan drilling
Dec 07, 2017 (UPI)
A $1.4 trillion, 479-page, tax reform bill passed along partisan lines early Saturday morning with Republican leaders in the Senate pushing the measure through ...
Next foreign influence target of U.S. LNG is Venezuela
Dec 06, 2017 (UPI)
Polish Oil and Gas Co., known commonly as PGNiG, signed a five-year contract in November to secure LNG from the Sabine Pass terminal in Louisiana, the first mid...
Oil-rich Alberta to finance greener economic shoots
Dec 06, 2017 (UPI)
Drawing from funds from a climate leadership plan, provincial and industry leaders said Alberta is working to establish a reputation of diversity and innovation...
Oil prices down on U.S. gasoline level shocker
Dec 06, 2017 (UPI)
Oil prices came under pressure Tuesday when the Organization of Economic Cooperation and Development said inflation moved lower for the world's major industrial...
More U.S. oil export capacity in the works
Dec 06, 2017 (UPI)
The company announced plans Wednesday to convert a pipeline in its portfolio that carries natural gas from the Permian shale basin to a crude oil pipeline. With...
Enbridge shuts oil pipeline because of bad Michigan weather
Dec 06, 2017 (UPI)
The National Weather Service has issued a winter storm warning for parts of the region through 5 p.m. local time. Wind gusts as high as 35 miles per hour and sn...
Alaska oil, gas lease draws fire
Dec 06, 2017 (UPI)
Bidders get a chance to vie for options in 900 parcels covering 10.3 million acres of Alaska's National Petroleum Reserve. According to the Center for Biologica...
Offshore oil and wind a boost for helicopter fleets
Dec 06, 2017 (UPI)
A report published by the Westwood Global Energy Group found fleet utilization for helicopters servicing offshore installations hit a low point earlier this yea...
Russia's Novatek now a world player with Yamal LNG
Dec 05, 2017 (UPI)
Novatek said production of liquefied natural gas started at the Arctic facility, which has a design capacity of about 5.5 million tons of LNG per year. The firs...
Gas prices inch lower, but still way above the June average
Dec 05, 2017 (UPI)
Motor club AAA lists a national average retail price for regular unleaded gasoline at $2.48 per gallon for Tuesday, the lowest price in more than a month. Lower...
Canada's Husky Energy sees clear road ahead
Dec 05, 2017 (UPI)
"We are ahead of our five-year plan in delivering cost efficiencies, lower cost production, lower operating costs, lower sustaining capital requirements, and in...
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