OIL

10,863 articles

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...
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...
Five dead, seven missing after Chinese boat, HK tanker collide
Oct 06, 2017 (AFP)
"We found five bodies inside the ship... we're still continuing our search-and-rescue operation for the remaining seven," a Japanese coastguard official told AF...
11 dead, one missing after Chinese boat, HK tanker collide
Oct 06, 2017 (AFP)
"Our divers found a total of 11 bodies inside the ship," a Japanese coastguard official told AFP. "We're still searching for the one missing member," he said. T...
Chevron may shed more of its portfolio
Oct 05, 2017 (UPI)
Glencore said it was looking to take a 75 percent stake in Chevron's subsidiary in South Africa, and all of Chevron's unit in Botswana. Combined, Glencore put t...
Kinder Morgan signs contracts for Trans Mountain expansion
Oct 05, 2017 (UPI)
Two contracts were signed for the construction of segments of the planned expansion. The company said those represent formal arrangements with two of the six co...
We're not satisfied yet with markets, Saudi oil minister says
Oct 05, 2017 (UPI)
An energy forum under way in Moscow and St. Petersburg is about halfway through. Speaking at the conference, Saudi Oil Minister Khalid al-Falih said market reco...
Canadian regulator closes books on TransCanada project
Oct 05, 2017 (UPI)
The National Energy Board was among the last in the line of official bodies in Canada to weigh in on TransCanada's decision to shelve a multibillion dollar pipe...
TransCanada abandons Canada east-west pipeline bid
Oct 05, 2017 (AFP)
The 4,500-kilometer (2,800-mile) Energy East pipeline, which would have carried 1.1 million barrels of oil per day, had presented an opportunity to wean Canada ...
Oil prices take a hit on oversupply concerns
Oct 05, 2017 (UPI)
The price of oil found support mid-week when Russian President Vladimir Putin hinted that an agreement steered in part by the Organization of Petroleum Exportin...
Early pressure mounts on overhaul of U.S. offshore oil and gas rules
Oct 05, 2017 (UPI)
The House Natural Resources Energy and Mineral subcommittee scheduled a hearing for Oct. 11 to take up the Accessing Strategic Resources Offshore Act, or ASTRO....
Global GDP gains and OPEC chatter lift oil prices higher
Oct 05, 2017 (UPI)
Crude oil prices lost ground in the previous session, with West Texas Intermediate, the U.S. benchmark for the price of oil, losing grip on $50 per barrel brief...
Time running out on closing budget gap in shale-rich Oklahoma
Oct 05, 2017 (UPI)
"There is no budget deal," Gov. Mary Fallin said. House Minority Leader Scott Inman, who is running to fill Fallin's seat after she leaves office on term limits...
Oil market recovery means economic recovery for Oklahoma
Oct 05, 2017 (UPI)
"Economic momentum in the state is going up," State Treasurer Ken Miller said in a statement. "In September, gross receipts show increased income and consumptio...
Iraq to rehab oil in liberated northern province
Oct 04, 2017 (UPI)
Iraqi Oil Minister Jabbar al-Luaibi gave the order to rehabilitate the oil fields in northern Ninevah province with the goal of starting oil production in "the ...
Exports could add a layer to OPEC, non-OPEC accountability
Oct 04, 2017 (UPI)
Russian Energy Minister Alexander Novak kicked off a five-day energy conference in Moscow and St. Petersburg this week with suggestions that oil exports from me...
Shell defends divestment efforts, but cancels sale in Thailand
Oct 04, 2017 (UPI)
Subsidiaries of Shell and the Kuwait Foreign Petroleum Exploration Co. said they mutually agreed to cancel the multilmillion dollar sale of shares in Shell Inte...
Western states to roll out EV highway initiative
Oct 04, 2017 (UPI)
Colorado Gov. John Hickenlooper will host governors from western states to unveil plans his office said would add a layer of confidence for those traveling acro...
Oil prices inch lower and move into wait-and-see mode
Oct 04, 2017 (UPI)
Crude oil prices have moved lower for each session in October after rallying close to one-year highs during the previous month. Seasonal norms were upended in l...
State taxes adding about a quarter to gas prices, U.S. government says
Oct 03, 2017 (UPI)
A briefing from the U.S. Energy Information Administration published Tuesday said that the average taxes and fees in all 50 states, plus the District of Columbi...
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