OIL

10,863 articles

Chevron leaving Asian geothermal assets behind
Apr 24, 2017 (UPI)
For an undisclosed sum, the company said it sold off its geothermal business in Indonesia to a Chinese consortium. The conclusion of the sale of its geothermal ...
Oil price rally cools after first round of French vote
Apr 24, 2017 (UPI)
Crude oil prices were losing ground in the waning sessions of April as investors shifted their attention from early concerns about tensions in the Middle East a...
Iran sees oil reserve potential growing with new discoveries
Apr 24, 2017 (UPI)
Ali Vakili, identified by the Iranian Oil Ministry's official news agency Shana as a managing director for the Fuel Conservation Co. of Iran, told delegates at ...
Economists price BP oil spill damage to natural resources at $17.2 billion
Apr 24, 2017 (SPX)
The paper, in the April 21, 2017 issue of Science, puts a monetary value on injuries to natural assets that don't have a market price, caused by the April 20, 2...
Saudi king's air force pilot son named US envoy
Apr 22, 2017 (AFP)
The change came among a series of orders issued by the king, who shuffled his cabinet, restored civil service benefits, and replaced the head of the army which ...
More oil production possible from Texas shale
Apr 21, 2017 (UPI)
The Federal Reserve Bank of Dallas in a report on regional energy indicators said gains in crude oil prices since the Organization of Petroleum Exporting Countr...
Russian gas project in the Arctic gets European support
Apr 21, 2017 (UPI)
Novatek, the largest private natural gas company in Russia, leads the project aimed at sourcing the markets in the Asian-Pacific. It controls 60 percent of the ...
Energy sector putting strain on Norwegian economy
Apr 21, 2017 (UPI)
Norway is a leading oil and gas supplier to the European economy, designating nearly all of its offshore production toward exports. Tepid growth in Europe, coup...
Schlumberger posts yearly gain on North American oil recovery
Apr 21, 2017 (UPI)
Most first quarter indicators for the largest company of its kind in the world were lower, both when compared to the fourth quarter and year-over-year. First qu...
Oil prices stage weak recovery in early Friday trading
Apr 21, 2017 (UPI)
French markets turned slightly lower in Friday trading after a police officer was left dead after a militant attack Thursday night in Paris. That adds to growin...
Delek to consolidate statements with Ithaca Energy after takeover
Apr 21, 2017 (UPI)
The Israeli company said its offer of $350 million for 70.3 percent of the common shares in Ithaca has been formally accepted. Delek already had a stake in 19.7...
Pressure building ahead of Keystone XL review
Apr 21, 2017 (UPI)
Bold Nebraska called on opponents of the project to hold grassroots events ahead of the May 3 public meeting for the Nebraska Public Service Commission. "To gea...
Texas oil and gas sector expanding, but pressures remain
Apr 20, 2017 (UPI)
Texas is the No. 1 oil producer in the United States. The latest survey from the Federal Reserve Bank of Dallas found mostly upbeat sentiment over the past thre...
Oil prices on pace for further losses
Apr 20, 2017 (UPI)
Crude oil closed down sharply by the end of the trading day Wednesday after investors mulled over the latest data set from the U.S. Energy Information Administr...
Vitol gains LNG leverage with Gazprom deal
Apr 20, 2017 (UPI)
Vitol said it signed an agreement to secure around 300,000 tons of liquefied natural gas per year from a trading arm of Gazprom starting next year. Pablo Galant...
Oil-rich Alberta stresses benefits of U.S. trade
Apr 20, 2017 (UPI)
Chris Nielsen, a member of the Canadian legislative assembly, represents Alberta trade and development interests during meetings for the National Council of Sta...
Hazardous chemicals go unregulated in routine oil and gas operations
Apr 20, 2017 (SPX)
Many of the same chemicals used in hydraulic fracturing go undisclosed when they are used in numerous routine, unregulated oil- and gas-field activities such as...
Rough weather curbed output for Australia's Woodside
Apr 20, 2017 (UPI)
Woodside reported production for the three months ending March 31 at 21.4 million barrels of oil equivalent, down about 10 percent from last year. Cyclones and ...
Russia suggests further rate cuts possible
Apr 20, 2017 (UPI)
Russian Central Bank Chief Elvira Nabiullina said Thursday inflation was stabilizing at around 4.1 percent for April, which is almost near the benchmark. "A qui...
Shale gas threat to forests can be eased by consolidating infrastructure
Apr 20, 2017 (SPX)
Expansive tracts of continuous forest provide critical habitat for some species of forest-dependent wildlife, and habitat fragmentation resulting from "industri...
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