OIL

10,863 articles

Cambodia starts uncertain path toward oil production
Aug 23, 2017 (UPI)
KrisEnergy said it signed documents outlining plans to develop the Aspara area in the Cambodian waters of the Gulf of Thailand. The company now has 60 days to d...
Oil prices inch lower on demand pressures
Aug 23, 2017 (UPI)
The American Petroleum Institute offered a mixed report on the status of balance in the world's biggest economy. Late Tuesday, the API reported a decline in cru...
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. "...
BHP Billiton looking to unload its U.S. shale portfolio
Aug 22, 2017 (UPI)
The company, the largest miner in the world, reported profits for the year ending June 30 at $5.89 million, a dramatic rebound after a $6.39 billion loss for th...
Dakota pipeline company sues environmental groups
Aug 22, 2017 (AFP)
Energy Transfer Partners launched broad accusations against Greenpeace and other environmental groups, alleging racketeering, defamation and inciting violence t...
Slow drain on U.S. crude oil prices as production balances inventories
Aug 22, 2017 (UPI)
Global crude oil inventory levels have been on a steady decline, but remain above the five-year average. The Organization of Petroleum Exporting Countries aims ...
sees Mexico as important gas export market
Aug 22, 2017 (UPI)
Texas Secretary of State Rolando Pablos served as the moderator of a bilateral energy forum that counted members of a Mexican energy trade association and Mexic...
Qatar, US stage joint military exercise
Aug 22, 2017 (AFP)
The "Friendship Jump" comes at a time of high political tension in the Gulf, where a boycott of Qatar by Saudi Arabia, the United Arab Emirates and Bahrain has ...
Prep work begins at oil drilling site in
Aug 22, 2017 (UPI)
Melbana, which has headquarters in Australia, has a production sharing contract with the Cuban energy company known as CUPET for the so-called Block 9 onshore b...
More drilling planned for offshore Norway
Aug 21, 2017 (UPI)
The Norwegian Petroleum Directorate said it gave a permit to Aker BP to start drilling in the Lotus license area of the North Sea. The target site is about 9 mi...
Ukraine works to chart new energy strategy
Aug 21, 2017 (UPI)
Ukrainian energy security issues pre-date the outbreak of conflict that reached its zenith when Russia annexed the Crimean Peninsula in 2014. Former Prime Minis...
KBR makes strides in the Middle East and West African markets
Aug 21, 2017 (UPI)
KBR said it landed a two-year contract from a subsidiary of Austrian energy company OMV, working on behalf of the Abu Dhabi National Oil Co., known also as ADNO...
OPEC congratulates Iran's oil minister on reappointment
Aug 21, 2017 (UPI)
The Iranian parliament during the weekend confirmed Zanganeh for a second term in office as the oil minister for a country that has the third largest oil reserv...
PZ Projects launches novel platform for registering natural gas trades
Aug 21, 2017 (SPX)
The platform allows players in the gas sector, including both consumers and gas marketing companies, to list their proposals for buying or selling of natural ga...
Total snatches up Maersk Oil for $7.45 billion
Aug 21, 2017 (UPI)
Total said it would buy off the oil unit of Danish shipping giant A.P. Moller-Maersk for $7.45 billion, taking on $2.5 billion of the debt held by Maersk Oil in...
Oil retreats after Friday's market rally
Aug 21, 2017 (UPI)
After a slow start, crude oil prices jumped more than 3 percent Friday after drilling services company Baker Hughes reported a slight dip in exploration and pro...
Discovery could lead to new catalyst design to reduce nitrogen oxides in diesel exhaust
Aug 21, 2017 (SPX)
The research focuses on a type of catalyst called zeolites, workhorses in petroleum and chemical refineries and in emission-control systems for diesel engines. ...
Soft start for crude oil, but a ceiling appears in sight
Aug 18, 2017 (UPI)
"OPEC, despite its epic efforts to actively manage the oil market into equilibrium after three years of oversupply and growing inventories, may have been forced...
Effort mounts to expand U.S. offshore drilling
Aug 18, 2017 (UPI)
"We have an opportunity in the next offshore leasing plan to truly embrace our nation's energy potential and ensure American consumers and businesses continue t...
Greenpeace activists arrested after Barents Sea protest
Aug 18, 2017 (UPI)
A handful of Greenpeace activists left the Arctic Sunrise protest vessel on inflatable boats and kayaks to protest against drilling above the Arctic Circle. The...
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