OIL

10,863 articles

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...
Chinese offshore production lower than last year
Oct 25, 2017 (UPI)
The China National Offshore Oil Corp. said Wednesday that third quarter production of 116.2 million barrels of oil equivalent marked a 1.3 percent decline from ...
Kurdish government proposes end to independence push
Oct 25, 2017 (UPI)
The Kurdistan Regional Government said in statements published Wednesday that greater Iraq and the self-governed Kurdish provinces were faced with "grave and da...
Amid energy spats, Ukraine's economy showing resilience
Oct 25, 2017 (UPI)
"The economy is showing resilience," Ukrainian Prime Minister Volodymyr Groysman was quoted in state media as saying. "We are planning 3 percent growth for the ...
Oil price rally tested by shale expectations
Oct 25, 2017 (UPI)
"Synchronized global growth, robust demand for oil, high compliance [with an OPEC deal] and geopolitical risks provide support [for crude oil prices]," Ole Hans...
Hess goes on divestment streak to fund mega oil field
Oct 24, 2017 (UPI)
"Proceeds from these asset sales, along with cash on the balance sheet, will prefund development of our world class investment opportunity in offshore Guyana, w...
Enbridge pipeline in Minnesota still facing opposition
Oct 24, 2017 (UPI)
The state Public Utilities Commission continued hearings in St. Paul on plans by Enbridge to spend more than $7 billion to overhaul sections of its Line 3 pipel...
High gas prices may crimp holiday spending, AAA finds
Oct 24, 2017 (UPI)
The average retail price for a gallon of gasoline in the United States has been on a steady decline for most markets through October, following seasonal trends....
Electricity from shale gas versus coal
Oct 24, 2017 (SPX)
The study is a comparative analysis of the harmful health effects of electricity produced from shale gas and coal. It looks at the amount of toxic chemicals rel...
IHS: Investments moving away from U.S. Gulf of Mexico
Oct 24, 2017 (UPI)
IHS Markit said in a report published Tuesday that about 20 percent of the global deepwater assets on the market are in European waters, where opportunities rep...
Bullish signals emerging for crude oil prices
Oct 24, 2017 (UPI)
The Organization of Petroleum Exporting Countries implemented an agreement in January aimed at draining the surplus from the five-year average in global crude o...
Vitol takes U.S. oil up a notch with Noble deal
Oct 23, 2017 (UPI)
"The net proceeds will unlock capital from Noble Group's balance sheet and generate significant liquidity," Noble Group said in a statement justifying the sale....
North America helped drive revenue for Halliburton
Oct 23, 2017 (UPI)
"We had a strong quarter and I am very pleased with our results," President and CEO Jeff Miller said in a statement. "Our North American business is hitting on ...
Gas has environmental benefits, with caveats
Oct 23, 2017 (UPI)
The International Energy Agency said in a preview of its World Energy Outlook, due next month, that natural gas demand grows through 2040 in every market model ...
Wood Mac: Africa has oil potential, but progress will be slow
Oct 23, 2017 (UPI)
Nigeria is a member of the Organization of Petroleum Exporting Countries and one of the more established producers in the region. At least three new projects th...
Kremlin confirms respect for Iraq, after veiled warning on oil
Oct 23, 2017 (UPI)
Iraqi Foreign Minister Ibrahim al-Jaafari spoke Monday as his country copes with an uptick in violence in the northern provinces. Iraqi military forces pushed t...
Trump tells Paris, Berlin to 'keep making money' via trade with Tehran
Oct 23, 2017 (AFP)
"I told them just keep making money," the real estate mogul-turned-president told the Fox News program Sunday Morning Futures. "Don't worry. We don't need you o...
Oil prices diverge on competing trends
Oct 23, 2017 (UPI)
Drilling services company Baker Hughes reported a drop in rig activity in the United States last week, pulling wind out of the sails of a durable rally for the ...
Tillerson attends landmark Saudi, Iraq meeting
Oct 22, 2017 (AFP)
Iraqi Prime Minister Haider al-Abadi and Saudi King Salman held the first meeting of the joint Saudi-Iraqi coordination council that aims to boost cooperation a...
Iraq hikes southern oil output to make up for Kirkuk losses
Oct 21, 2017 (AFP)
"Basra Oil Company (BOC) started to pump an extra 200,000 bpd from the south and centre" in addition to the 2.2 million barrels exported daily, Oil Minister Jab...
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