OIL

10,863 articles

Kuwait reports increased oil profits in difficult environment
May 01, 2017 (UPI)
The Kuwait National Petroleum Company said during the weekend it recorded a net profit of $715 million during the last fiscal year. Mohammad Ghazi al-Mutairi to...
Iran's president leans on economic successes
May 01, 2017 (UPI)
"The first major issue needed to be addressed was the nuclear talks and bringing to an end international sanctions against the country," he said of his first te...
Colorado gas blast idles second company
May 01, 2017 (UPI)
Great Western Oil & Gas Co. follows Anadarko Petroleum with a response to a blast in late April in Firestone, Colo., that left two people dead. Anadarko said la...
Pall remains over Canadian oil sands after wildfires
Apr 30, 2017 (AFP)
Persistently low oil prices have forced companies to cut costs, and several have gone as far as to stop processing the region's heavy crude and bitumen, which i...
Exxon more than doubles first quarter earnings over last year
Apr 28, 2017 (UPI)
Exxon is one of the first big oil companies out with earnings reports following the January implementation of an agreement coordinated by the Organization of Pe...
West African oil drawing capital interest
Apr 28, 2017 (UPI)
"FAR finished the quarter with $26.3 million in cash and no debt," the company's management team said in a quarterly report on cash flow. The company, which has...
Greenpeace disrupts Credit Suisse meet over pipeline financing
Apr 28, 2017 (AFP)
About 30 minutes before Switzerland's second largest bank kicked off its annual general assembly, activists set up a fake pipeline, measuring around 10 metres (...
French major Total impresses with Venezuelan shale
Apr 28, 2017 (UPI)
A floor price for crude oil at around $50 per barrel meant the market is primed enough to sanction the first major project in three years, the French company sa...
Trump's offshore oil move already facing legal challenge
Apr 28, 2017 (UPI)
U.S. Interior Secretary Ryan Zinke announced last Thursday that President Donald Trump has an executive order in place to review the five-year program for offsh...
U.S. oil earnings, legislation, lift prices, but GDP may offset gains
Apr 28, 2017 (UPI)
The American Petroleum Institute came out of the gate Friday praising President Donald Trump for handing the oil and gas industry victory after victory during h...
Trump moves to lift bans on Arctic drilling
Apr 28, 2017 (AFP)
However, Trump made no mention of the environmental rationale for the bans, brought in by his predecessor Barack Obama. "Our country's blessed with incredible n...
Libya confirms restart of its largest oil field
Apr 28, 2017 (UPI)
Crude oil prices, which have been drifting deeper into negative territory for several straight sessions, faced further headwinds in early Thursday trading after...
EU to start first-ever energy forum with Iran
Apr 28, 2017 (UPI)
EU Commissioner for Climate Action and Energy Miguel Arias Cañete left Friday for Tehran for the inaugural bilateral business forum on sustainable energy. The ...
Trump order may seek to reverse offshore drilling ban
Apr 27, 2017 (UPI)
"We're going to take care of Alaska too," President Donald Trump told Sen. Lisa Murkowski, R-Alaska, during remarks on the signing of an executive order on nati...
A first-ever for Poland in the way of U.S. natural gas
Apr 27, 2017 (UPI)
Polish Oil & Gas, known by its acronym PGNiG, said its trading branch in London closed on a deal to accept LNG from Cheneire Energy, which owns a terminal in Lo...
Gazprom pins sales drop to pricing issues
Apr 27, 2017 (UPI)
Russia has some of the largest natural gas reserves in the world and Gazprom is its largest supplier. The company said net sales for the year ending Dec. 31 dec...
Natural gas operations in Colorado closed after fatal explosion
Apr 27, 2017 (UPI)
Two people were left dead after the April 17 explosion in Weld County, Colo. Anadarko Petroleum, which controlled the well, said that it operates more than 3,00...
Oil production in Texas up slightly year-on-year
Apr 27, 2017 (UPI)
The Railroad Commission of Texas, the state energy regulator, reported a preliminary crude oil production volume of 70.3 million barrels for February, against t...
Merger paid off, energy services firm TechnipFMC says
Apr 27, 2017 (UPI)
In December, the collective shareholders approved a merger between FMC, which specializes in subsea oil and gas operations, and Technip, a leader in submarine p...
Issues found with components for North Sea oil and gas field
Apr 27, 2017 (UPI)
French energy company Total is the operator for the field in the northern Norwegian waters of the North Sea, alongside Norwegian license partners Statoil and Pe...
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