OIL

10,863 articles

Shell focusing elsewhere in Brazil after leaving gas distribution partnership
Oct 11, 2017 (UPI)
For $380 million, Shell said it was selling off its 16.8 percent stake in gas distribution company Companhia de Gas de SPounds o Paulo, known also as Comgás, t...
Kurdish oil export payments in line with average
Oct 11, 2017 (UPI)
Gulf Keystone Petroleum, which operates the Shaikan oil field in the Kurdish north, reported payments for crude oil exports for July at a gross $15 million. The...
Oil prices flat, but still seeing a geopolitical risk premium
Oct 11, 2017 (UPI)
Crude oil prices jumped more than 3 percent in Monday trading after a crackdown on corruption in Saudi Arabia was interpreted as a grip on power by Crown Prince...
Iranian energy companies lay out investment options in Amsterdam
Oct 11, 2017 (UPI)
Iranian energy companies are among the hundreds attending an annual offshore energy conference in Amsterdam, which wrapped up Wednesday. The Pars Oil and Gas Co...
Cuban oil work moves toward exploration phasew/
Oct 11, 2017 (UPI)
Melbana is one of the few Western companies, and the only one listed on Australia's stock exchange, with an established footprint in Cuba. The company said it c...
OPEC's oil price forecast near a make-or-break point for U.S. shale
Oct 11, 2017 (UPI)
The Goldilocks scenario refers to a price point that's not so high that it encourages a strong drive in crude oil exploration and production, but not low enough...
Gas prices inching lower after hurricanes
Oct 10, 2017 (UPI)
Nate made landfall twice during the weekend, roughly one month after Hurricane Harvey dealt a blow to the dense networks of refineries in the southern United St...
French lawmakers back oil, gas production ban by 2040
Oct 10, 2017 (AFP)
The ban is largely symbolic as France imports around 99 percent of its oil and gas, but Paris hopes the move will inspire bigger producers to follow suit. The n...
Expect more U.S. oil on the global market
Oct 10, 2017 (UPI)
An emailed market report from Bank of America-Merrill Lynch this week said the spread, or difference, between West Texas Intermediate, the U.S. benchmark for th...
US shale producers called to OPEC balancing effort
Oct 10, 2017 (UPI)
Members of the Organization of Petroleum Exporting Countries and a handful of non-member states started an effort to drain the surplus on the five-year average ...
Baghdad reviews options to export oil north through Turkey
Oct 10, 2017 (UPI)
A spokesman for the Iraqi Oil Ministry, Asim Jihad, said Tuesday the ministry called on the North Oil Co. to "speed up the implementation of the project to reha...
Oil market balance, IMF forecast drive crude oil prices higher
Oct 10, 2017 (UPI)
"The oil supply and demand variables are fast returning to balance after a record three years of unprecedented downturn, as evidenced by the continuously positi...
LNG fuel strides continue for French company
Oct 10, 2017 (UPI)
French energy company ENGIE and its Japanese consortium partners said they were selected by Statoil to supply LNG as fuel for four crude shuttle tankers at the ...
Iraq looks to reopen oil pipeline in bid to rival Kurds
Oct 10, 2017 (AFP)
Energy Minister Jabbar al-Luaibi asked three state-owned firms "to come up urgently with a mechanism to repair and renovate" the pipeline from the Kirkuk region...
Statoil finds at least 25 million barrels of oil in the North Sea
Oct 09, 2017 (UPI)
The company said it made a new oil discovery while drilling into Verbier basin in British waters. Preliminary data show the field contains between 25 million an...
Liquefied natural gas may carve out a niche in India
Oct 09, 2017 (UPI)
In its October forecast, the Reserve Bank of India predicted inflation would hold steady at 4.5 percent through 2019 and real gross value added growth, the gran...
French supermajor Total places bet on offshore Guinea
Oct 09, 2017 (UPI)
The company signed an evaluation agreement with the National Office of Petroleum of Guinea for deep and "ultra-deep" areas off the Guinean coast. "By taking thi...
Brent crude oil prices lower despite Gulf of Mexico idling
Oct 09, 2017 (UPI)
Crude oil prices have been on a general downward trend for most of October, eating into September gains sparked by the upheaval that Hurricanes Harvey and Irma ...
New tool for oil and gas exploration beats all competition
Oct 09, 2017 (SPX)
The standard technique used in hydrocarbon exploration worldwide is active seismic surveying. It involves the generation of seismic waves at the Earth's surface...
Gulf of Mexico energy operations pick up pieces after Nate
Oct 09, 2017 (UPI)
Nate bounced along the southern U.S. border during the weekend, making landfall twice as a Category 1 hurricane. The National Hurricane Center in Miami, Fla., s...
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