OIL

10,863 articles

Aker BP leads partners into 'all-for-one' alliance
Nov 21, 2017 (UPI)
Aker BP, which formed as a result of a tie up with the Norwegian subsidiary of BP, said Tuesday it entered into partnerships with a subsidiary of drilling servi...
Majors move out, minors move in to British North Sea
Nov 21, 2017 (UPI)
Serica Energy said Tuesday it was taking on the role of operator at the Bruce, Keith and Rhum fields in the North Sea in a deal with British supermajor BP that ...
Oil prices level in what seems to be mixed inventory data
Nov 21, 2017 (UPI)
The American Petroleum Institute releases its data on U.S. oil and gasoline storage levels after the market closes on Tuesday. Official data from the U.S. Energ...
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 ...
US arrests two Chinese oil company reps in Africa bribery scheme
Nov 21, 2017 (AFP)
US officials announced Monday that former Senegalese top diplomat Cheikh Gadio and Hong Kong's Patrick Chi Ping Ho sent huge bribes to high-level officials in C...
Russia reviews LNG options with Japan
Nov 20, 2017 (UPI)
Gazprom Chairman Alexei Miller hosted a delegation from Mitsubishi Corp. to review LNG opportunities in the Far East market. "The parties reviewed issues relate...
U.S. wants input on Alaskan oil production proposal
Nov 20, 2017 (UPI)
The federal Bureau of Ocean Energy Management said it was asking for comments about a draft environmental impact statement on Hilcorp Alaska's plans in shallow ...
Pipeline leak raises questions over fate of Keystone XL
Nov 20, 2017 (UPI)
Pipeline company TransCanada said it took about 15 minutes to isolate a section of a pipeline in Marshall County, S.D., after a pressure drop was detected on th...
Oil prices snap out of slump on OPEC rhetoric
Nov 20, 2017 (UPI)
"Khalid al-Falih, the minister of energy, industry and mineral resources of Saudi Arabia and chairman of Saudi Aramco, all but guaranteed an extension of oil pr...
More Trans Mountain hearings scheduled in Canada
Nov 20, 2017 (UPI)
The National Energy Board said it scheduled two hearings for February for segments of the Kinder Morgan project. So far, the NEB said it's received 22 statement...
Slow growth, high production leaves oil prices bruised
Nov 20, 2017 (UPI)
The Organization for Economic Cooperation and Development reported total growth in real growth domestic product slowed to 0.6 percent in the third quarter, down...
Iraq reviews Kirkuk oil exports with Turkey
Nov 20, 2017 (UPI)
Representatives from the Turkish Ministry of Energy met in Baghdad on Sunday with their Iraqi counterparts and members for the Iraqi state oil marketing company...
Keystone XL clears Nebraska hurdle
Nov 20, 2017 (UPI)
Referencing long-standing concerns about the Sandhills region in Nebraska, some of which were the source of legal battles, regulators on the state Public Servic...
More drilling planned offshore Norway
Nov 20, 2017 (UPI)
OMV received a permit to drill into a reserve area located about 15 miles north of the Kristin field, which is a gas producer in the Norwegian Sea. "This is the...
Oklahoma in budget crisis mode, governor says
Nov 20, 2017 (UPI)
Gov. Mary Fallin vetoed all-but five of the 170 sections of House Bill 1019X, legislation aimed at fixing the state budget, because it came "perilously close" t...
Oil, gas tax revenue driving Russia forward
Nov 20, 2017 (UPI)
Mikhail Mishustin, the head of the Federal Taxation Service, told Russian President Vladimir Putin that the budget has received $240 billion in tax collections ...
Libyan wealth is wasted, U.N. envoy says
Nov 20, 2017 (UPI)
Ghassan Salamé, the U.N. special envoy for Libya, told members of the Security Council the situation in Libya has not improved much since the end of Moammar Ga...
Iran sees support for an extended OPEC cut agreement
Nov 20, 2017 (UPI)
On Friday, Phil Flynn, a senior market analyst for the PRICE Futures Group in Chicago, said the Saudi energy ministry had "all but guaranteed" a deal credited w...
Norwegian central bank calls for oil, gas divestment
Nov 16, 2017 (UPI)
Norges Bank, the country's central bank, said in a letter to the Norwegian Ministry of Finance it was recommending the removal of oil and gas stocks from the be...
Alaska tries again with ANWR drilling
Nov 16, 2017 (UPI)
Competing claims were made after the U.S. Senate passed a budget reconciliation proposal to open the 2,000-acre Arctic National Wildlife Refuge up to oil and ga...
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