OIL

10,863 articles

Russia drafts agreement to tap Iranian oil fields
Jul 27, 2017 (UPI)
Russian energy company Gazprom Neft signed a memorandum of understanding with Iran's Oil Industries' Engineering & Construction. The agreement confirms "both co...
Drilling set to begin in British shale
Jul 27, 2017 (UPI)
Cuadrilla Resources said the drilling rig used to tap wells at a shale basin have arrived at their destination in Lancashire. "With the decline of North Sea gas...
Slow start for oil prices after U.S. GDP report
Jul 27, 2017 (UPI)
With second quarter earnings season under way, crude oil prices moved in mixed territory for much of the session Thursday, before settling up. Exxon Mobil said ...
Alaska energy threat a new low, House leader says
Jul 27, 2017 (UPI)
U.S. Sen. Lisa Murkowski, R-Alaska, joined two other Republican leaders in voting against the so-called "skinny repeal" of the Affordable Care Act, the signatur...
U.S. inventory declines, OPEC trouble help extend oil price rally
Jul 26, 2017 (UPI)
Saudi Arabia added support for the rally with an announcement of deeper cuts. The country is the largest oil producer among the Organization of Petroleum Export...
Petronas drops massive natural gas project in Canada
Jul 26, 2017 (AFP)
The Pacific NorthWest LNG project was greenlighted in September to build a pipeline and two liquefied natural gas terminals on Lelu Island, British Columbia, an...
Philippines to consult ASEAN on joint China sea oil search
Jul 26, 2017 (AFP)
President Rodrigo Duterte has softened his predecessor's policy opposing China's claims -- which expand to nearly the entire sea -- causing alarm among neighbou...
Militants hit Nigerian crude oil pipeline
Jul 25, 2017 (UPI)
Maikanit Baru, the head of the Nigerian National Petroleum Corp., said as-yet identified saboteurs caused a breach on a major transit artery, curbing 150,000 ba...
In Australia, Shell signals new era for LNG
Jul 25, 2017 (UPI)
The company's Prelude vessel, its first-ever floating platform for LNG, arrived off the coast of Western Australia, after leaving its South Korean shipyard in l...
TechnipFMC says error takes millions off first quarter figures
Jul 25, 2017 (UPI)
TechnipFMC reported an initial first quarter net income attributable to the company was $190.8 million. In a statement Tuesday, the company said errors were mad...
Parts of petroleum sector bruised, Norway says
Jul 25, 2017 (UPI)
Norway is one of the world's largest oil and natural gas producers and, apart from Russia, a top supplier to the European market. Statistics Norway, the governm...
Supply and demand factors mean higher gas prices
Jul 25, 2017 (UPI)
The motor club reported a national average retail price of $2.28 for a gallon of regular unleaded gasoline on Tuesday, unchanged from the previous day, about 1 ...
Reduced Saudi oil imports lead U.S. oil inventories lower
Jul 25, 2017 (UPI)
U.S. commercial oil inventories are expected to fall in the week ending July 21, analysts surveyed by S&P Global Platts said in a report. U.S. crude oil stock h...
Texas energy sector facing slight headwinds
Jul 24, 2017 (UPI)
A report from the Federal Reserve Bank of Dallas found job growth in the state was 3.6 percent and the overall forecast for the year was 2.8 percent, an upward ...
Treated hydraulic fracturing wastewater may pollute area water sources for years
Jul 24, 2017 (SPX)
According to the U.S. Energy Information Administration, hydraulic fracturing accounted for more than one-half of U.S. oil production and two-thirds of U.S. gas...
Norway leading oil production gains in Western Europe, industry report finds
Jul 24, 2017 (UPI)
Sector consultant group Rystad Energy, which has headquarters in Oslo, said total production from Western Europe should start to decline starting next year and ...
Chinese appetite for LNG increasing
Jul 24, 2017 (UPI)
The Chinese General Administration of Customs reported LNG imports to China increased dramatically as the country looks to rely less on coal for its energy need...
Shale gas development spurring spread of invasive plants in Pennsylvania forests
Jul 24, 2017 (SPX)
The spread of invasive non-native plants could have long-term negative consequences for the forest ecosystem in a region where the ubiquitous woods provide timb...
Russia sees oil supplies dwindling from global market
Jul 24, 2017 (UPI)
Members of a committee monitoring a deal coordinated by the Organization of Petroleum Exporting Countries are meeting in St. Petersburg to consider the effectiv...
Russia's use of the 'energy weapon' against Western European countries a strategic threat
Jul 24, 2017 (SPX)
"Russia's Use of the 'Energy Weapon' in Europe" was authored by Gabriel Collins, the Baker Botts Fellow in Energy and Environmental Regulatory Affairs. The brie...
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