OIL

10,863 articles

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...
Firms show lukewarm interest in Norway's new Arctic oil blocks
Dec 05, 2017 (AFP)
Norwegian authorities said only 11 firms including Norwegian firm Statoil, Anglo-Dutch giant Shell and Germany's Wintershall applied for some of the 102 oil blo...
More interest from Asian economies in Alaskan LNG
Dec 05, 2017 (UPI)
The Alaska Gasline Development Corp. signed a letter of intent with Tokyo Gas Co. on the possible sale and purchase of liquefied natural gas from the Alaskan co...
Ultra-deep waters of Sierra Leone draw oil, gas interest
Dec 05, 2017 (UPI)
African Petroleum said its regional subsidiary signed agreements with the government of Sierra Leone to use state-owned data to examine the possibility of drill...
Statoil, partners to develop new $5.9 billion Arctic oil field
Dec 05, 2017 (AFP)
The offshore project is scheduled to launch production in 2022 and located about 240 kilometres (149 miles) from the Norwegian city of Hammerfest, making it the...
Statoil submits formal plans for mega Barents Sea oil field
Dec 05, 2017 (UPI)
Johan Castberg is located in the Norwegian waters of the Barents Sea and holds at least 450 million barrels of oil equivalent. Statoil said Tuesday it submitted...
Energy and conservation groups split over U.S. tax overhaul
Dec 04, 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 ...
LNG is the fuel of choice, maritime shipper says
Dec 04, 2017 (UPI)
French container shipping company CMA CGM and Total announced in a joint statement Monday an agreement spanning 10 years will begin at the start of the new deca...
U.S. energy sector gains drag on oil prices
Dec 04, 2017 (UPI)
Members of the Organization of Petroleum Exporting Countries and non-member states like Russia agreed last week to extend a production cut agreement credited wi...
More oil found in the Kurdish north of Iraq
Dec 04, 2017 (UPI)
Genel has a 44 percent working interest in the Taq Taq field inside Kurdish territory in northern Iraq alongside Norwegian oil company DNO. The company said the...
Riyadh talks oil market stability with U.S. energy secretary
Dec 04, 2017 (UPI)
Saudi Crown Prince Mohammed bin Salman met in Riyadh during the weekend with U.S. Energy Secretary Rick Perry to discuss the current market situation, a few sho...
New drilling effort underway in Barents Sea
Dec 04, 2017 (UPI)
Lundin Norway said it started drilling an exploration well in the so-called Hurri prospect in the southern waters of the Barents Sea. The prospect is located a ...
Cuban oil driller seeing interest from potential partners
Dec 04, 2017 (UPI)
The company aims to tap the Alameda-1 prospect, which it said is in an area that has more than 630 million recoverable barrels of oil at the high end. The compa...
Texas looks to port overhaul to keep pace with oil and gas exports
Dec 01, 2017 (UPI)
The port at Corpus Christi is the fourth largest sea port in the country by tonnage, the largest crude oil export terminal and, by 2020, could be one of the lar...
OPEC extension a win-win, even for U.S. shale oil producers
Dec 01, 2017 (UPI)
Ministers from the Organization of Petroleum Exporting Countries and a handful of non-member states, notably Russia, agreed Thursday to extend an agreement that...
Markets try for another rally Friday after U.S. oil upset the previous session
Dec 01, 2017 (UPI)
Crude oil prices jumped early Thursday morning in anticipation of an agreement to add nine more months to a deal that sidelined about 1.2 million barrels of oil...
Austria's OMV pays big to add Russian gas to its portfolio
Dec 01, 2017 (UPI)
For $2 billion, the company said it completed the acquisition of the 24.9 percent stake held by Russian energy company Uniper in the Yuzhno Russkoye natural gas...
Iraq says southern oil exports set a record
Dec 01, 2017 (UPI)
The ministry said the southern port at Basra recently sent out an average of 3.9 million barrels of oil per day, the highest capacity ever reached there. In a s...
Oil in mid-$60 per barrel range fair, Russian company says
Dec 01, 2017 (UPI)
CEO Vagit Alekperov said Friday that, for ministers from the Organization of Petroleum Exporting Countries and non-members, the mid-$60 range was preferable for...
Danish gas field gets new life after fate questioned
Dec 01, 2017 (UPI)
"Tyra has been a key asset in the history of Maersk Oil, and an important source of energy security for Denmark," Maersk Oil CEO Gretchen Watkins said in a stat...
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