OIL

10,863 articles

Canada to discuss clean energy with China
Jun 05, 2017 (UPI)
Canadian Natural Resources Minister Jim Carr left Monday for a week-long trade visit to China with a delegation that includes representatives from the energy an...
Russian LNG vessel christened in honor of former Total CEO
Jun 05, 2017 (UPI)
Total CEO Patrick Pouyanne joined Russian Cabinet officials for a ceremony naming a tanker designated for Arctic LNG after former Total CEO Christophe de Marger...
Qatar row exposes energy risks, British trade group says
Jun 05, 2017 (UPI)
Saudi Arabia and several other nations in the Persian Gulf region severed diplomatic ties with Qatar during the weekend, citing Doha's alleged support for inter...
BP pumps more capital into North Sea programs
Jun 05, 2017 (UPI)
Cape Industrial Services said it secured 400 jobs in the North Sea energy sector in a contract that provides BP with storage tank services and other support acr...
Cuba could be a game changer, Australian oil company says
Jun 05, 2017 (UPI)
Australia's Melbana Energy Ltd. is one of the few Western oil companies, and the only one listed on the Australian exchange, with active oil and gas operations ...
Russia sees a lower-for-longer scenario for oil prices
Jun 02, 2017 (UPI)
Strong growth in the U.S. shale oil market and pro-oil policies from the White House are adding to the sentiment that supply-side strains may linger, pushing cr...
Iranian energy an area of mutual interest, companies say
Jun 02, 2017 (UPI)
"According the extensive experience of OMV in the Middle East and in Iran, joint geological assessment of blocks will be most effective," Vadim Yakovlev, the fi...
Texas envisions LNG leadership on global stage
Jun 02, 2017 (UPI)
Federal data show U.S. natural gas production should average 74.1 billion cubic feet per day in 2017, a 2.5 percent increase from 2016. The trend, if forecasts ...
Deep-water LNG project offshore Mozambique draws questions
Jun 02, 2017 (UPI)
Italian energy company Eni launched the implementation phase of its Coral South LNG project, a floating facility drawing in the gas reserves discovered by the c...
U.S. labor report, Paris decision backlash send oil prices lower
Jun 02, 2017 (UPI)
U.S. President Donald Trump announced Thursday afternoon his country would start the process of leaving the Paris climate accord, or possibly reconfigure commit...
Financing sought for Russian pipeline through Turkey
Jun 01, 2017 (UPI)
The natural gas company has a planned $700 million investment in a project that will cross through Turkish territory in an effort to tap deeper into the Europea...
Transocean aims to carve out niche
Jun 01, 2017 (UPI)
The company said it completed the sale of a fleet of rigs to rival Borr Drilling Ltd. for total consideration of about $1.35 billion. The fleet includes 15 jack...
Saudi Aramco contracts continue with Amec Foster Wheeler deal
Jun 01, 2017 (UPI)
The Saudi Arabian Oil Co., known commonly as Saudi Aramco, formed a joint venture partnership on Wednesday that aims to spend at least $5 billion on a new facil...
Oklahoma raises tax on energy industry to offset economic strains
Jun 01, 2017 (UPI)
Gov. Mary Fallin signed off on a new budget that her office said closes an $878 million gap while keeping social services like hospitals and nursing homes runni...
Chevron CEO calls 2016 a 'transition year'
Jun 01, 2017 (UPI)
Despite ongoing cash burdens, Chevron posted $2.7 billion in net income, a gain supported by roughly $600 million in divestments. Fourth-quarter results reveale...
Dakota Access pipeline now operational, developer says
Jun 01, 2017 (UPI)
The pipeline, which sparked a months-long protest by Native Americans and environmental groups, is 1,172 miles long. It carries oil pumped out of the Bakken oil...
Saudi Arabia rolls out $5.2 billion offshore support facility
May 31, 2017 (UPI)
The company known commonly as Saudi Aramco said it signed agreements with Emirati offshore rig company Lamprell, the National Shipping Company of Saudi Arabia a...
Turkmenistan says to export 38 bcm of gas to China this year
May 31, 2017 (AFP)
State-run Turkmengaz chairman Myrat Archayev said gas exports to China via the Central Asia-China pipeline "will be increased by about 3 billion cubic metres" f...
Wood Mac: Iraqi oil sector underperforming
May 31, 2017 (UPI)
Iraq is one of the largest producers in the Organization of Petroleum Exporting Countries and agreed to limit it output to 4.35 million barrels per day for the ...
Shell keeps exploration and production focus in Australia
May 31, 2017 (UPI)
Shell's aviation subsidiary in Australia sold to independent Viva Energy Australia for $250 million in line with the Dutch supermajor's efforts to streamline it...
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