OIL

10,863 articles

Anger in Nigeria's south over oil spill clean-up delay
Jun 22, 2017 (AFP)
The sight in Bodo, some 40 kilometres (25 miles) southeast of Port Harcourt, is repeated in communities elsewhere in the maze of creeks that criss-cross Ogonila...
ENGIE: North Sea gas leak under control
Jun 22, 2017 (UPI)
The company reported the leak late Wednesday at its Gjoa field in the North Sea. Production is currently shut down. "The situation quickly came under control, a...
Iran begins sending gas to Iraq under major deal
Jun 22, 2017 (AFP)
"Iran's natural gas exports to Baghdad began Wednesday evening," Deputy Oil Minister Amir Hossein Zamaninia said late Wednesday in comments carried by the minis...
Alaska critical to U.S. energy strategy, federal government says
Jun 22, 2017 (UPI)
The U.S. Interior Department's Bureau of Ocean Energy Management said Hilcorp Alaska LLC was the lone high-bidder for a lease sale in the federal waters of the ...
Oil prices showing clear signs of daily gains
Jun 22, 2017 (UPI)
"We are experiencing an unusual phenomenon this morning -- oil prices are rising," a morning report emailed from London oil broker PVM read. Crude oil prices st...
Dallas Fed upbeat, but sees risk from lower oil prices
Jun 22, 2017 (UPI)
"The manufacturing and energy sectors saw continued job gains in May, as oil prices stabilized and the effect of the strong dollar on exports abated somewhat," ...
Oil, gas giants could waste trillions in a 2C world: report
Jun 21, 2017 (AFP)
The 2C (3.6 degree Fahrenheit) target is the cornerstone of the 196-nation Paris Agreement, inked in 2015. Projects worth $2.3 trillion (two trillion euros) cou...
Saudi King Salman presides over reform effort
Jun 21, 2017 (AFP)
The agent of change has been the 81-year-old Salman's son Mohammed bin Salman, whom the king named Wednesday as crown prince and heir to the throne. Prince Moha...
Norway offers oil firms record number of Arctic blocks
Jun 21, 2017 (AFP)
The Norwegian oil and energy ministry offered oil companies 93 blocks in the Barents Sea and nine others in the Norwegian Sea, all located beyond the Arctic Cir...
Norwegian oil production better than expected
Jun 20, 2017 (UPI)
Norway is a main oil and natural gas supplier for the European economy, designating nearly all of its offshore production for exports. The Norwegian Petroleum D...
Woodside: No merit to spat over Senegalese oil
Jun 20, 2017 (UPI)
Woodside and FAR Ltd. are two Australian energy companies included in a consortium with Cairn Energy exploiting the reserves off the coast of Senegal. Parties t...
Malaysia tackles tanker oil spill
Jun 20, 2017 (AFP)
The MT Putri Sea, registered in Malabo, Equatorial Guinea, went down on Thursday in a busy shipping lane off the southern state of Johor, near Singapore. Author...
Inventories, tropical storm system give support to crude oil prices
Jun 20, 2017 (UPI)
The January implementation of an agreement led by the Organization of Petroleum Exporting Countries, with help from key producers like Russia, helped establish ...
Iran: OPEC production cuts are difficult
Jun 20, 2017 (UPI)
Iran ranks third among OPEC member states in terms of proven crude oil reserves. Production has been more or less steady since the fourth quarter of 2016 at 3.7...
Low demand, high production means cheap gasw
Jun 20, 2017 (UPI)
The motor club reported a national average retail price for a gallon of regular unleaded gasoline at $2.29, down a fraction of a percent from Monday, 1.8 percen...
Venezuela president fires military brass amid unrest
Jun 20, 2017 (AFP)
The commander of the National Guard military police, General Antonio Benavides Torres, will move on to "new responsibilities and battles," Maduro told supporter...
Libya reviews oil production stimulus with Norway's Statoil
Jun 20, 2017 (UPI)
The Libyan National Oil Co. signed an agreement last week with Wintershall that outlines a resumption of oil production from some of its license areas on an int...
Claims over emerging oil basin in Senegal grow heatedw
Jun 20, 2017 (UPI)
Cairn Energy and two Australian energy companies, FAR Ltd. and Woodside Petroleum, are leading in the efforts to capitalize on the oil potential off the coast o...
Colorado reports modest gains from oil and gas sector
Jun 20, 2017 (UPI)
An economic outline from the governor's Office of State Planning and Budgeting said growth in Colorado accelerated in the first half of the year and expansion i...
Technology linked to low carbon footprint, Norwegian energy company says
Jun 20, 2017 (UPI)
"Statoil wants to be in the forefront of the development in the oil and gas industry," Margareth Ovrum, a vice president in charge of technology for Statoil, sa...
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