OIL

10,863 articles

Norway wants tech-savvy companies offshore
Aug 25, 2017 (UPI)
"Vast volumes of oil and gas have been discovered on the Norwegian shelf that are still waiting to be produced," Ingrid Sølvberg, the director of development a...
Norway's Statoil takes first steps into Argentina's lauded shale
Aug 25, 2017 (UPI)
Statoil under the terms of the agreement took a 50 percent stake in the Bajo del Toro exploration permit in the Neuquén Basin alongside YPF. The Norwegian comp...
British foreign minister visits oil-rich Libya
Aug 25, 2017 (UPI)
British Foreign Minister Boris Johnson met with Libyan military officials in Benghazi, marking the first time for such a visit since 2011. The British governmen...
Venezuela's Maduro calls for military loyalty after US threat
Aug 25, 2017 (AFP)
Maduro launched the warning in a speech to his top military leadership, including General Vladimir Padrino, his defense minister, and General Remigio Ceballos, ...
Kuwait says oil shipments to China stable
Aug 25, 2017 (UPI)
Kuwait is a member of the Organization of Petroleum Exporting Countries and helps steer a committee monitoring a multilateral effort to trim the global surplus ...
Shareholders in the money as PetroChina first-half profit soars
Aug 25, 2017 (AFP)
Net profit from January to June hit 12.67 billion yuan ($1.9 billion), rebounding from just 531 million yuan in the same period last year, the firm said in a st...
Harvey pushing market prices for oil higher
Aug 25, 2017 (UPI)
Harvey was moving close to the southern coast of Texas as a Category 2 storm, and could strengthen ahead of its expected landfall by late Friday or early Saturd...
Oil-rich Alberta shows early signs of economic recovery
Aug 24, 2017 (UPI)
The provincial government forecast growth in terms of gross domestic product for 2017 at 3.1 percent, up from the budget forecast of 2.65 percent. With a push f...
OPEC's all-options strategy not enough to lift the price of oil
Aug 24, 2017 (UPI)
Crude oil prices rallied Wednesday after the U.S. Energy Information Administration issued a report indicating further drawdowns in U.S. crude oil and gasoline ...
Gulf platforms shut in, cleared ahead of Harvey
Aug 24, 2017 (UPI)
Anadarko operates 10 installations in the Gulf of Mexico and removed non-essential staff from four of those as Harvey gained strength earlier this week "We cont...
Kurdish oil export payments boost DNO's performance
Aug 24, 2017 (UPI)
DNO, a Norwegian oil and gas company, has a strong presence in the Kurdish region of Iraq, with a net operated production of 114,000 barrels of oil equivalent p...
Multimillion dollar drilling campaign envisioned for Guinea-Bissau
Aug 24, 2017 (UPI)
The company, which has headquarters in Australia, said the government of Guinea-Bissau signed off on an April agreement with the country's national oil company,...
Iran secures 8-bln euro loan from Korea Eximbank
Aug 24, 2017 (AFP)
"The biggest contract since the atomic accord was signed with South Korea's Eximbank today for the amount of eight billion euros ($9.4 billion)," said central b...
OPEC backed into a corner, Texas economist says
Aug 24, 2017 (UPI)
The Organization of Petroleum Exporting Countries and a handful of non-member state producers in January started a plan to pull global crude oil inventories clo...
Colorado proposes oil and gas changes after fatal April explosion
Aug 23, 2017 (UPI)
Two people were left dead and one person was severely injured after a gas explosion in Firestone, a town in Weld County, in April. Anadarko Petroleum, which ope...
Researchers devise microreactor to study formation of methane hydrate
Aug 23, 2017 (SPX)
NYU Tandon researchers led by Ryan Hartman, an assistant professor of biomolecular and chemical engineering who runs Tandon's Flow Chemistry with Microsystems L...
Some capital moves to fund early Cuban oil work
Aug 23, 2017 (UPI)
Australian company Melbana Energy, one of the few Western companies with an established footprint in Cuba, and the only one listed on Australia's stock exchange...
Staff pulled from Gulf of Mexico platforms ahead of Harvey
Aug 23, 2017 (UPI)
The National Hurricane Center in Miami, Fla., said there are indications that what's left of Tropical Storm Harvey could redevelop into a tropical depression. "...
ExxonMobil misled public on climate for decades: study
Aug 23, 2017 (AFP)
An analysis of nearly 200 documents spanning decades found that four-fifths of scientific studies and internal memos acknowledged global warming is real and cau...
Shell starts new work in Nigeria's Niger Delta
Aug 23, 2017 (UPI)
Shell said it started production from the second phase of its Gbaran-Ubie project in Nigeria's Niger Delta region. The company said 18 wells have been drilled a...
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