OIL

10,863 articles

Iraq adds capacity to oil export terminal
Oct 29, 2017 (UPI)
Iraqi Oil Minister Iraqi Oil Minister Jabbar al-Luaibi said a fifth terminal at the Basra export facility could put the total capacity at the southern port at 4...
Oil gives short-term life to African economies, IMF says
Oct 29, 2017 (UPI)
The International Monetary Fund said in a regional report that the downturn for the economy is easing, with growth expected to improve from last year's 1.4 perc...
Oil prices test new territory amid OPEC chatter
Oct 29, 2017 (UPI)
The price for Brent crude oil touched $60 per barrel on Friday, for the first time in years, as rhetoric pointed to a decision by the Organization of Petroleum ...
Aker BP sees big gains in third quarter production
Oct 29, 2017 (UPI)
"Aker BP continued to deliver a solid performance in the third quarter with stable, safe and efficient operations," CEO Karl Johnny Hersvik said in a statement....
United Arab Emirates next to support OPEC cut extension
Oct 29, 2017 (UPI)
The United Arab Emirates is the fourth-largest oil producer among members of the Organization of Petroleum Exporting Countries. It's output has been relatively ...
Cuban oil work hits a snag for Melbana Energy
Oct 29, 2017 (UPI)
One of the few Western energy companies working on Cuba, Melbana said an agreement with Petro Australis to acquire 40 percent of a production sharing contract w...
Iraq finds 'contraband' oil pipeline in south
Oct 27, 2017 (AFP)
"A pipeline was found tapped into the main oil pipeline in the Rumaila region," the source said. "The pipeline stretched across 300 metres (yards) under the gro...
Exxon earning and spending more
Oct 27, 2017 (UPI)
"A 50 percent increase in earnings through solid business performance and higher commodity prices is a step forward in our plan to grow profitability," Chairman...
Tullow Oil strikes dust near one of South America's biggest prizes
Oct 27, 2017 (UPI)
Tullow Oil said it found no significant reserves in its Araku-1 well in the deep waters off the coast of Suriname. Tullow was drilling a wildcat well, one tappi...
Trans Mountain pipeline planners seek federal intervention
Oct 27, 2017 (UPI)
The City of Burnaby, British Columbia, in December filed an appeal in federal court against the approval of Kinder Morgan's plans to expand the Trans Mountain p...
Italy's Eni sees easy growth at $60 per barrel
Oct 27, 2017 (UPI)
"In 2017 we expect to achieve organic coverage of investments and dividends, entirely paid in cash, at a Brent price of $60 a barrel as planned," CEO Claudio De...
Upbeat producer sentiment offset GDP to push oil prices lower
Oct 27, 2017 (UPI)
Reporting that revenue for Chevron Corp. improved by more than 50 percent from last year to $2 billion, Chairman and CEO John Watson said in a statement his com...
Oil States International reports third quarter hit from Harvey
Oct 27, 2017 (UPI)
Oil States International has headquarters in Houston and operates five manufacturing facilities there. The company said Friday that one of those facilities was ...
Oil prices stand still in market push-pull
Oct 26, 2017 (UPI)
Preliminary data and early reads on supply and demand indicated a slight drain in U.S. crude oil inventories. The U.S. Energy Information Administration, howeve...
Hearings cancelled over Minnesota oil pipeline
Oct 26, 2017 (UPI)
Public hearings of plans by Enbridge Energy to overhaul its Line 3 pipeline through Minnesota were cancelled by authorities in St. Cloud because of "logistical ...
French contractor TechnipFMC bruised, but confident
Oct 26, 2017 (UPI)
French energy services company TechnipFMC reported third quarter earnings before interest, taxes, depreciation, and amortization, a metric that serves as a meas...
Raton Basin earthquakes linked to oil and gas fluid injections
Oct 26, 2017 (SPX)
The study, which took place in the 2,200-square-mile Raton Basin along the central Colorado-northern New Mexico border, found more than 1,800 earthquakes up to ...
Energy-rich Norway leaves policy rate unchanged
Oct 26, 2017 (UPI)
Norge Bank, the country's central bank, said Thursday the economy was struggling to pick up the pace, with inflation expected to stay below 2.5 percent over the...
Iran says it's signed its first agreement tied to LNG
Oct 26, 2017 (UPI)
SHANA, the Iranian oil ministry's news website, said the National Iranian Oil Co. and a consortium controlled by Iranian and Norwegian companies signed the agre...
After big bet on Guyana, Hess posts big loss
Oct 25, 2017 (UPI)
Hess reported a net loss in the third quarter of $624 million, a loss that was nearly 90 percent higher than reported during the same period last year. The comp...
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