OIL

10,863 articles

Ivory Coast disappoints for African Petroleum
May 15, 2017 (UPI)
West Africa has emerged as a bright spot for new oil and gas discoveries. African Petroleum, an independent oil and gas company with a strong regional portfolio...
Sesame oil, opening the door to sustainable lubricants
May 15, 2017 (SPX)
Sabarinath Sankaran Nair, Kumarapillai Prabhakaran Nair, and Perikinalil Krishnan Rajendrakumar of the Department of Mechanical Engineering at the National Inst...
Oil prices search for new ceiling on production agreement
May 15, 2017 (UPI)
Saudi Arabia is the largest contributor among members of the Organization of Petroleum Exporting Countries to an agreement to balance an oversupplied market wit...
After energy warning, Myanmar gets EU assistance
May 15, 2017 (UPI)
The European Union put $13.1 million forward to address humanitarian issues in Myanmar. Christos Stylianides, the European commissioner for humanitarian aid, sa...
Oil export value up 30 percent for Norway in April
May 15, 2017 (UPI)
Statistics Norway, the government's record-keeping division, said the value of crude oil exports in April was $2.2 billion, an increase of 30 percent year-over-...
Opposition in Venezuela in desperate plea to military
May 14, 2017 (AFP)
"I am appealing to Defense Minister Vladimir Padrino Lopez to open the doors of a sincere debate in the armed forces," said Julio Borges, the speaker of the Nat...
Sacked South Sudan army chief returns to Juba
May 13, 2017 (AFP)
"If I want to rebel I can rebel here (in Juba)... If I was about to fight I would fight here," he told reporters upon his arrival in the capital. South Sudan Pr...
Norwegian gas field slow to develop
May 12, 2017 (UPI)
The Norwegian Petroleum Directorate, the nation's energy regulator, reported the results for a regional subsidiary of Spanish energy company Repsol drilling int...
Bank of Canada: Oil and politics create growth obstacles
May 12, 2017 (UPI)
An assessment of global business activity from economists at the Bank of Canada found the pace of spending is expected to accelerate as last year's severe contr...
Funding for giant Israeli gas field to be tapped
May 12, 2017 (UPI)
Delek Group, alongside its partners at Avner Oil Exploration Ltd., sanctioned the giant Leviathan gas field in February and secured a loan agreement with dozens...
Riyadh backs Equatorial Guinea as new OPEC member
May 12, 2017 (UPI)
Saudi officials hosted the president of Equatorial Guinea, Teodoro Obiang Nguema Mbasogo, in Jeddah. According to the officials Saudi Press Agency, both sides d...
China in line for LNG from the United States
May 12, 2017 (UPI)
The Commerce Department announced advancements with China under a 100-day action plan. Among the agreements steered in part by U.S. Commerce Secretary Wilbur Ro...
More oil expected from Kazakhstan
May 12, 2017 (UPI)
The U.S. Energy Information Administration updated its country profile for Kazakhstan, noting the landlocked Central Asian country last year reached major miles...
Oil prices extend rally for weekly gain of more than 4 percent
May 12, 2017 (UPI)
Crude oil prices recovered ground lost in April over the span of a few days this week amid signs that an oversupplied market was balancing out. Data this week f...
Lundin taps new appraisal well in the Barents Sea
May 11, 2017 (UPI)
Lundin announced that its Norwegian subsidiary started drilling its fourth appraisal well at the Alta discovery, estimated to hold between 125 million and 400 m...
OMV first quarter production at 10-year high
May 11, 2017 (UPI)
The company announced strong results for a first quarter that saw crude oil prices peak in the upper $50 per barrel range, after slumping below $30 per barrel t...
Scotland pressed to exploit onshore oil and gas reserves
May 11, 2017 (UPI)
The Scottish government last year ruled that natural gas derived from underground coal deposits would have no place in a greening economy. Scotland has one of t...
Oil prices extend rally to hold above $50 per barrel
May 11, 2017 (UPI)
The price for Brent crude oil moved back over the $50 mark in Wednesday trading after a report from the U.S. Energy Information Administration confirmed industr...
Democratic senators snubbed with Atlantic energy move
May 11, 2017 (UPI)
The U.S. Interior Department said it would reassess permits denied to six companies looking to conduct seismic surveys in the Atlantic Ocean. Usually seen as a ...
South Sudan president sacks controversial army chief
May 09, 2017 (AFP)
General Paul Malong, long regarded as an ethnic nationalist of Kiir's majority Dinka tribe, was replaced by General James Ajongo Mawut, a career soldier. "The d...
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