OIL

10,863 articles

Half of hydraulically fractured wells within 3km of domestic groundwater systems
Nov 28, 2017 (SPX)
In assessing how frequently hydraulic fracturing takes place close to a public water supply, a 2016 EPA report said that drinking water supplies located near hy...
Carbon capture is helped by oil revenue, but it may not be enough
Nov 28, 2017 (SPX)
Carbon dioxide can be used to extract oil, accelerating the development carbon-capturing technologies and limiting climate change. However, in a new analysis re...
Shell returns to cash dividends after five strong quarters
Nov 28, 2017 (UPI)
CEO Ben van Buerden said in an investment update the company would return to full cash dividends in the fourth quarter, while maintaining its regular capital in...
Iraq invites foreign bids to develop oil and gas fields
Nov 27, 2017 (AFP)
The call was issued by Oil Minister Jabbar al-Luaybi. "The aim of these development plans... is to achieve the ministry's goal aimed at maximising oil and gas r...
TransCanada: 20 percent of spilled Keystone oil recovered
Nov 27, 2017 (UPI)
The company closed down much of the network in North America in mid-November after reporting a drop in pressure on part of the infrastructure in South Dakota. T...
Statoil takes tighter hold on North Sea assets
Nov 27, 2017 (UPI)
French supermajor Total said Monday it agreed to sell off its entire 51 percent stake in the Martin Linge field to Statoil. The Norwegian company said the field...
Iraq vetting Kirkuk oil pipeline overhaul options
Nov 27, 2017 (UPI)
The ministry's spokesman, Assim Jihad, said the order was given for "concerned companies and authorities" to prepare the documents related to the reconstruction...
OPEC spoiler alert sends oil prices lower Monday
Nov 27, 2017 (UPI)
North American crude oil prices are under pressure in part because the Keystone pipeline network remains shut in after a release in North Dakota. Of the major c...
OPEC secretary general taking the long view on stability
Nov 27, 2017 (UPI)
Mohammad Barkindo, the secretary general for the Organization of Petroleum Exporting Countries, issued a welcoming address Monday from Vienna for the group's ye...
Total gets first oil out of giant Libra field offshore Brazil
Nov 27, 2017 (UPI)
From the pre-salt Santos basin off the coast of Brazil, a reservoir located beneath a thick layer of submarine salt, the company said Monday the first barrels o...
Iraq to build new oil pipeline to Turkey
Nov 26, 2017 (AFP)
Oil Minister Jabbar al-Luaybi has ordered documents to be prepared towards building the new pipeline to "transport crude oil from Kirkuk's oilfields to the port...
Head of Libyan oil company honored in London
Nov 22, 2017 (UPI)
Petroleum Economist at its annual gala in London named Mustafa Sanalla, the head of Libya's National Oil Corp., chief executive officer of the year. The publica...
U.S. LNG a message to Putin, Louisiana senator says
Nov 22, 2017 (UPI)
Polish Oil and Gas Co., known commonly as PGNiG, signed a five-year contract to secure LNG from the Sabine Pass terminal in Louisiana, the first mid-term contra...
Ukraine says chief goal is to be energy independent
Nov 22, 2017 (UPI)
Ukraine serves as an energy bridge for Europe, hosting the pipelines that carry about 20 percent of the Russian natural gas headed west. Geopolitical risks to e...
OPEC anticipation gives oil bulls a chance to run
Nov 22, 2017 (UPI)
The British Office for Budget Responsibility said the economy slowed this year as higher inflation put a lid on personal incomes and spending. As a result, and ...
Russia's budget deficit indicative of growth
Nov 22, 2017 (UPI)
The budget deficit will be around 2 percent of the national gross domestic product, or possibly even less, by the end of the year. Russian Economic Development ...
British energy lauded for momentum as economy falters
Nov 22, 2017 (UPI)
The British government said it received 96 applications from 68 different companies, some of which were bidding for the first time ever, for rights to tap into ...
Norway's oil production slowed by weather and safety issues
Nov 21, 2017 (UPI)
The Norwegian Petroleum Directorate said average daily production for October was 1.54 million barrels of oil, based on preliminary data. That level was about 4...
Gambia emerging as new oil frontier
Nov 21, 2017 (UPI)
FAR Ltd., an Australian company with a strong portfolio offshore West Africa, said an audit of geotechnical data show the Samo and Bambo prospects off the coast...
Bill Barrett streamlines Colorado shale acreage
Nov 21, 2017 (UPI)
Bill Barrett said it was selling off its acreage in the Uinta shale in Colorado to an undisclosed buyer for about $110 million. The company said the acreage in ...
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