OIL

10,863 articles

Illness prompts Tullow to reconfigure front office again
Jun 20, 2017 (UPI)
Tullow said it appointed Les Wood as its chief financial officer effective Tuesday. He served as interim CFO since January when Ian Springett resigned from the ...
Russian oil boss sees need for market stability
Jun 20, 2017 (UPI)
Russia is party to an effort led by the Organization of Petroleum Exporting Countries to balance an oversupplied market with coordinated declines in production....
Chevron prevails in Ecuador pollution battle at US Supreme Court
Jun 20, 2017 (AFP)
The court declined to hear an appeal against lower-court decisions which had refused to enforce the Ecuadorian damages award over pollution in the rainforest, f...
Kazakhstan hugely important to oil and gas industry
Jun 20, 2017 (UPI)
General Electric hosted a forum in the Kazakh capital of Astana to focus on emerging regional trends in the transportation and energy industries. Lorenzo Simone...
Balance delay sends crude oil prices lower
Jun 20, 2017 (UPI)
Crude oil prices during the Monday session started off with modest gains after Saudi Oil Minister Khalid al-Falih told London-based newspaper Asharq al-Awsat th...
Oil giants endorse carbon tax after Trump's Paris exit
Jun 20, 2017 (AFP)
In addition to Exxon, BP, Total and Royal Dutch Shell all supported advertisements in US media outlets in favor of the tax, which had been promoted in February ...
British North Sea target of new drilling plans
Jun 19, 2017 (UPI)
The company, North Atlantic Drilling Ltd., said it was awarded a contract with Siccar Point Energy, an exploration and production company, to examine the waters...
Turkish troops in Qatar for joint exercises
Jun 19, 2017 (AFP)
The first joint drills took place on Sunday at the Tariq bin Ziyad military camp in Doha, the ministry said in a statement carried by the official news agency. ...
Balance assurances give modest lift to oil prices
Jun 19, 2017 (UPI)
Crude oil prices moved under $50 per barrel in early June on signs that supply-side strains were easing slower than expected. Some of the pressure has come from...
Saudi oil minister sees no threat to effort to balance the market
Jun 19, 2017 (UPI)
Saudi Arabia is the largest contributor within the Organization of Petroleum Exporting Countries to ease supply-side strains through coordinated efforts to side...
Iraq's Abadi visits Saudi ahead of Iran stop
Jun 19, 2017 (AFP)
His visit comes with the Gulf region in turmoil after Saudi Arabia, the United Arab Emirates and other allies cut ties with Qatar two weeks ago. They accuse Doh...
Russia claims new oil field discovered in the Arctic
Jun 19, 2017 (UPI)
Rosneft said three core samples from the Tsentralno-Olginskaya-1 well in the northern Laptev Sea showed "high oil saturation." "On the basis of primary studies ...
Iran expects contract developments with French major Total
Jun 19, 2017 (UPI)
The French energy company, under pressure from Washington in the pre-sanctions era, was the source of Iranian frustration after showing a lack of progress in de...
Only faint traces of oil found in North Sea effort
Jun 19, 2017 (UPI)
The Norwegian Petroleum Directorate, a national energy sector regulator, released its assessment from a so-called wildcat well, one drilled into an area not pre...
Oil prices in the black, but underlying pessimism setting in
Jun 16, 2017 (UPI)
Crude oil prices have been through two consecutive weeks that saw markets lose as much as 4 percent because of lingering supply-side strains. Reports this week ...
Guyana, a new oil frontier, gets investment support
Jun 16, 2017 (UPI)
The companies in separate statements announced a decision to move forward with the first phase of the development of the Liza field off the coast of Guyana. The...
Venezuela mobs kick, burn thieves in lynching epidemic
Jun 16, 2017 (AFP)
"You want things that come easy? Then take this, you bastard." In Venezuela, this is what robbers get when they are caught by passers-by. It is not just the cou...
Joint US-Qatar navy exercise wraps up
Jun 16, 2017 (AFP)
Among the tests carried out were air defence and surface missile simulation drills, according to a senior Qatari naval officer. The ships which took part in the...
World Bank: Persian Gulf economies growing, but face considerable risk
Jun 16, 2017 (UPI)
A World Bank report on the economies for members of the Gulf Cooperation Council finds aggregate growth expands from 1.3 percent this year to 2.6 percent in 201...
Settlements reached over 2013 oil spill in Arkansas
Jun 16, 2017 (UPI)
The Hare Wynn Newell and Newton law firm of Little Rock announced the "favorable settlement" for residents affected by the release from Exxon's Pegasus oil pipe...
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