OIL

10,863 articles

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...
Oil up as OPEC says market moving toward balance
Jul 24, 2017 (UPI)
Parties to the committee monitoring an arrangement led by the Organization of Petroleum Exporting Countries to balance an oversupplied market with managed decli...
Drilling services contractor Halliburton reports $5 billion profit
Jul 24, 2017 (UPI)
Total revenue for Halliburton, which has headquarters in Houston, was $5 billion, a 16 percent increase from the first quarter. Executive Chairman Dave Lesar sa...
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...
OPEC to review compliance, Kuwaiti oil minister said
Jul 21, 2017 (UPI)
Kuwait chairs a committee of members of the Organization of Petroleum Exporting Countries and non-member states monitoring the impact of an agreement implemente...
China urges Gulf crisis talks after Qatar minister visits
Jul 21, 2017 (AFP)
Wang Yi made the remarks after meeting with his Qatari counterpart in Beijing on Thursday, a day after he held talks with a top official from the United Arab Em...
OPEC jitters put $50 per barrel in the rearview mirror
Jul 21, 2017 (UPI)
"Unease is mounting across the energy complex as traders brace for Monday's OPEC/non-OPEC monitoring meeting in which the global supply pact will be discussed,"...
Schlumberger takes control of Russian driller
Jul 21, 2017 (UPI)
Extending a six-year relationship, the leading services contractor Schlumberger said it acquired a 51 percent stake in Eurasia Drilling Co. Ltd. The terms of th...
Driller sees strength concentrated outside North America
Jul 21, 2017 (UPI)
Drilling services contractor Schlumberger reported revenue for the three months ending Jun 30 at $7.4 billion, up 8 percent from the previous quarter and up 4 p...
Mexico opens gas infrastructure capacity to bidders
Jul 20, 2017 (UPI)
Hundreds of companies placed bids to access the capacity in the estimated 6,000 miles of natural gas pipelines in the country. According to the U.S. Energy Info...
India starts path to cut oil, gas exports
Jul 20, 2017 (UPI)
Indian Petroleum Minister Dharmendra Pradhan chaired the first meeting for the body tasked with cutting oil and gas dependency. During the meeting, the ministry...
Russia dismisses Netherlands court award over Greenpeace ship
Jul 20, 2017 (AFP)
The Permanent Court of Arbitration in the Hague on Tuesday ordered Moscow to pay damages over the incident, which saw 30 activists and journalists detained in a...
California gas storage site that leaked in 2015 cleared to reopen
Jul 20, 2017 (UPI)
"Following months of rigorous inspection and analysis of wells at the Aliso Canyon natural gas storage facility - and the implementation of multiple new safety ...
Brent crude oil passes the $50 threshold in early Thursday trading
Jul 20, 2017 (UPI)
The price for Brent crude oil, the global benchmark, was trading above $50 per barrel for the first time in more than a month in early Thursday trading. Crude o...
BHP to expand U.S. onshore work, though output falters
Jul 20, 2017 (UPI)
Onshore U.S. production for the Australian energy and mining giant is expected to decline because the development of new activity won't be enough to offset natu...
U.S. House moves on measure to ensure energy dominance
Jul 20, 2017 (UPI)
House bills passed that would avoid a presidential permit process for cross-border pipelines. U.S. President Donald Trump during his first weeks in office stepp...
Frontier West Africa source of oil spat
Jul 20, 2017 (UPI)
African Petroleum said Thursday it let its exclusivity agreement for West African licenses lapse so it can look for potential partners for offshore Senegal and ...
OPEC-member Libya still in crisis mode, European Commission says
Jul 20, 2017 (UPI)
The European Commission said Thursday it approved $11.5 million in emergency humanitarian assistance to address the growing needs of Libya. "We urge all parties...
U.N. to help Nigeria look beyond oil for revenue
Jul 20, 2017 (UPI)
The U.N. Industrial Development Organization started a program to help Nigeria steer its economy away from oil. The Nigerian economy slipped into recession last...
Oil exploration plans revealed for Cuba
Jul 20, 2017 (UPI)
Melbana is one of the few Western oil companies, and the only one listed on the Australian exchange, with a footprint in Cuba. The national oil company of Cuba,...
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