OIL

10,863 articles

Oil prices sink on U.S. shale oil growth
Apr 27, 2017 (UPI)
Crude oil prices were volatile in Wednesday trading as investors were left navigating through a market characterized by official supply and demand data, geopoli...
Supply issues building up to push crude oil lower early Wednesday
Apr 26, 2017 (UPI)
Crude oil prices have moved into negative territory in recent sessions after an earlier bounce, which was supported by signs the supply builds that brought the ...
West Virginia groundwater not affected by fracking, but surface water is
Apr 26, 2017 (SPX)
"Based on consistent evidence from comprehensive testing, we found no indication of groundwater contamination over the three-year course of our study," said Avn...
Ahead of results, TechnipFMC lands work offshore Guyana
Apr 26, 2017 (UPI)
A subsidiary of Exxon Mobil working offshore Guyana awarded the contract to TechnipFMC for the engineering, manufacturing and delivery of equipment slated for t...
Fast-track drilling for Cuba envisioned
Apr 26, 2017 (UPI)
Melbana Energy Ltd. estimated last year that Block 9 in Cuba holds 637 million barrels of prospective recoverable reserves and 19 drilling prospects there were ...
New oil work on tap for offshore Senegal
Apr 26, 2017 (UPI)
The Australian company, which has a core focus offshore West Africa, announced plans for an exploration well in the southern section of the FAN prospect off the...
From abundant hydrocarbons to rare spin liquids
Apr 26, 2017 (SPX)
These common, abundant materials, sometimes even associated with waste, are not often thought of as being electronically or magnetically interesting. But an int...
Alberta takes ground-up approach to economic resilience
Apr 26, 2017 (UPI)
Wildfires last May in the Fort McMurray area idled about 1 million barrels per day worth of regional oil production and forced mass evacuations across Alberta. ...
Amid reshuffling, Africa-focused Tullow Oil ready to grow
Apr 26, 2017 (UPI)
Tullow CEO Aidan Heavey is handing the reins over to Paul McDade. The reshuffling follows what Heavey said was an "exceptionally busy" first quarter for the Afr...
Losses for Hess Corp. continue, but downturn less severe
Apr 26, 2017 (UPI)
After navigating through a market downturn characterized last year by sub-$30 per barrel oil, Hess Corp. started 2017 by proclaiming the start of "an exciting n...
Norway at least doubles Barents Sea reserve estimate
Apr 25, 2017 (UPI)
Apart from Russia, Norway is the lead oil and natural gas exporter to the European market, designating nearly all of its offshore production for European Union ...
Baker Hughes sees chance of mid-2017 rebound
Apr 25, 2017 (UPI)
The company has reported steady gains in North American exploration and production figures, released as weekly rig counts. Spending on exploration and productio...
U.S. gas prices continue slow summer rise
Apr 25, 2017 (UPI)
Motor club AAA reports a national average retail price for a gallon of regular unleaded gasoline at $2.42, relatively unchanged from last week, but 13 cents hig...
British company Petrofrac lands $70 million contract in Iraq
Apr 25, 2017 (UPI)
"Over the coming months we will focus on effective deployment of our operations, engineering and projects' activities across the contracts to enable our clients...
Georgia formally ratifies EU energy treaty
Apr 25, 2017 (UPI)
All 89 members of the Georgian Parliament ratified an agreement Monday to align energy policies with the European Union. "The Energy Community welcomes Georgia'...
Amec Foster Wheeler signals trouble ahead
Apr 25, 2017 (UPI)
Wood Group last month made an all-share offer to acquire its rival. Wood Group Chairman Ian Marchant said at the time the combination would expand market levera...
Volatility concerns bruise crude oil prices
Apr 25, 2017 (UPI)
Brent crude oil prices failed to capitalize on the weekend optimism surrounding the results of the first round of presidential voting in France, with the pro-Eu...
US pushes UN to again consider arms embargo on South Sudan
Apr 25, 2017 (AFP)
US Ambassador Nikki Haley told the council that UN demands for a ceasefire, access for aid workers and a return to political talks had been "totally ignored" by...
Former BP head Tony Hayward leaving Genel Energy
Apr 24, 2017 (UPI)
Genel Chief Executive Murat Ozgul announced Hayward is retiring as of June 6. "When we first started working together, the oil industry in the Kurdistan Region ...
Reserve estimate raised for North Sea oil field
Apr 24, 2017 (UPI)
The Norwegian Petroleum Directorate said it was assessing the results of an appraisal well drilled in the central waters of the North Sea about 1.5 miles from t...
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