OIL

10,863 articles

Iran energy sector ripe for investors with a high risk tolerance
Oct 18, 2017 (UPI)
Iranian energy companies were among the hundreds attending the annual Offshore Energy Exhibition & Conference, which wrapped up last week in Amsterdam. The Pars...
Iraq forces take oil fields, dashing Kurdish dreams
Oct 18, 2017 (AFP)
Kurdish peshmerga forces withdrew without a fight after federal government troops and militia entered the city of Kirkuk and seized the provincial governor's of...
International arbitration sought over Gambian oil licenses
Oct 18, 2017 (UPI)
The company said that its subsidiaries in Gambia filed requests for arbitration at an international dispute chamber to protect two of its offshore licenses. "We...
First Saudi commercial flight jets to Baghdad after 27 years
Oct 18, 2017 (AFP)
"Our first flight took off today from Riyadh to Baghdad," the company wrote on Twitter, posting pictures of the cabin crew and passengers. Tickets for the maide...
Oil prices rallying again on short-term drains on supply
Oct 18, 2017 (UPI)
The American Petroleum Institute reported late Tuesday that crude oil inventories in the United States moved lower last week by 7.1 million barrels. The API rep...
Iraq seeks BP help in developing recovered Kirkuk oil fields
Oct 18, 2017 (AFP)
Luaybi appealed to the firm, whose origins lie in the development of oil in then British-ruled Iraq nearly a century ago, to "quickly make plans to develop the ...
BHP Billiton exiting U.S. shale
Oct 18, 2017 (UPI)
The Australian company said Wednesday its U.S. operated rig count increased from five to nine, while its divestment streak continued. In August, CEO Andrew Mack...
Russia's Rosneft signs Kurdistan oil sharing deal
Oct 18, 2017 (AFP)
In a statement, Rosneft said it would pay up to $400 million (340 million euros) for 80 percent in the venture as part of the deal with the Kurdish Autonomous R...
Russian and other regional energy majors look East
Oct 17, 2017 (UPI)
Organizers for the annual Abu Dhabi International Petroleum Exhibition and Conference, which kicks off in November, said many of the top producers from outside ...
Risk premium may be waning for oil prices
Oct 17, 2017 (UPI)
Crude oil prices soared during the Monday session as tensions boiled over in the northern provinces of Iraq. Iraqi and Kurdish forces are sparring over control ...
Enbridge gets U.S. approval for cross-border pipeline section
Oct 17, 2017 (UPI)
The State Department under President Donald Trump said Enbridge could move forward with plans to build a three-mile section of its Alberta Clipper oil pipeline ...
Iraqi forces retake base, airport, oil field from Kurds
Oct 16, 2017 (AFP)
Iraq's Joint Operations Command (JOC), which groups all pro-government forces, did not specify whether there had been significant clashes in the operation, but ...
Glencore, Qatar finalise Rosneft deal
Oct 16, 2017 (AFP)
The sale would yield about 4 billion euros ($5 billion) plus "the amount of euros arising from the conversion" of $4.6 billion into euros "at a five day average...
No North Sea disruptions from Ophelia
Oct 16, 2017 (UPI)
The British Met Office, the national forecaster, said former Hurricane Ophelia is moving across parts of Ireland, Wales and Scotland with winds as strong as 80 ...
African Petroleum shaky, but confident, about oil offshore West Africa
Oct 16, 2017 (UPI)
African Petroleum has assets in Gambia, Senegal, Ivory Coast and Sierra Leone. Of those, Senegal holds the most oil in its territorial waters, but much of the r...
Geopolitical risk adds big premium to oil prices Monday
Oct 16, 2017 (UPI)
Much of the oil production and distribution centers in Iraq are near the southern port city of Basra, though traders have focused on operations in the north sin...
All pieces of a new European gas pipeline delivered
Oct 16, 2017 (UPI)
The Trans Adriatic pipeline consortium announced Monday that the final section of the pipeline arrived in Thessaloniki, Greece. That means all pieces have reach...
Valero awarded $157M fuel contract for Israel
Oct 16, 2017 (UPI)
The contract is designed to be a fixed-price in terms of base cost, but the deal does take into account economic-price-adjustments, so the totality of the contr...
Amid fighting, Kurdish oil payments continue
Oct 16, 2017 (UPI)
Norwegian oil and gas company DNO said it received $4 million from the semiautonomous Kurdistan Regional Government. The payment was the first under the terms o...
Maduro claims landslide win in disputed Venezuela elections
Oct 16, 2017 (AFP)
Maduro's socialist party won governorships of 17 of the 23 states with the opposition Democratic Union Roundtable (MUD) coalition taking only five, with one sta...
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