OIL

10,863 articles

Russia takes conservative approach on the price of oil
Apr 10, 2017 (UPI)
"Taking into account that world oil reserves remain at a high level and intensive growth of shale oil production in the United States, we are lay[ing] down $40 ...
Russia tapping deeper into Arctic oil basin
Apr 10, 2017 (UPI)
The company said it finished the well in part of the Novoportovskoye field. The new prospect is currently at a rate considered commercial and "is expected to de...
Gas at $3 per gallon could hurt U.S. economy
Apr 10, 2017 (UPI)
U.S. retail gasoline prices have been on a steady increase for the better part of the year. Motor club AAA reports a national average price for a gallon of regu...
Oil stimulating the economy of Ghana, IMF says
Apr 10, 2017 (UPI)
Ghana's expanding oil and gas prospects are expected to spur economic growth. British energy company Tullow Oil is working to develop the Jubilee field off the ...
Brent decommissioning opaque, environmentalists say
Apr 10, 2017 (UPI)
Royal Dutch Shell hasn't provided enough information on plans to take down key North Sea infrastructure to address our concerns, environmental groups said. Shel...
Iran sees foreign investments in energy sector stable
Apr 10, 2017 (UPI)
Iran expects more, not less, foreign investments in its oil and natural gas sector because of fewer sanctions restrictions, the oil minister said. Iranian Oil M...
China, Myanmar ink oil pipeline deal
Apr 10, 2017 (AFP)
China and Myanmar agreed a deal on a crude oil pipeline between the neighbouring countries as part of a raft of agreements signed when their leaders met Monday ...
More oil on the market than last year, a report finds
Apr 10, 2017 (UPI)
"Even after taking into account production cut pledges from the eleven non-OPEC countries, unplanned outages in Canada as well as in the North Sea, we expect pr...
U.S. offshore oil production on the rise
Apr 10, 2017 (UPI)
Eight new fields in the U.S. waters of the Gulf of Mexico started producing oil last year, leading to a high-water mark of 1.6 million barrels per day, beating ...
OMV sees Libya as a natural fit
Apr 10, 2017 (UPI)
Libya fits in well with a strategy of capitalizing on mature onshore oil basins and service to European energy needs, the head of Austria's OMV said. Representa...
Kuwait seeks U.S. support for airbase makeover
Apr 07, 2017 (UPI)
The U.S. State Department has approved Kuwait for a possible Foreign Military Sale of support for facilities and infrastructure construction. The proposed deal,...
Norway issues new drilling permits for North and Barents Seas
Apr 07, 2017 (UPI)
The government of Norway, one of the largest oil and gas exporters to Europe, said Friday it signed off on new drilling permits in its territorial waters. Norwe...
New Zealand defends energy sector in wake of Shell exit
Apr 07, 2017 (UPI)
Shell's planned exit from a natural gas field in New Zealand doesn't indicate negativity in the country's natural reserves, a national petroleum manager said. R...
Conflict-surge in oil prices fades on rig, labor figures
Apr 07, 2017 (UPI)
An overnight surge in crude oil prices moderated in the hour before the start of U.S. trading Friday with rig counts and labor figures putting a lid on the rall...
Saudi 'fully backs' US strike on Syria base
Apr 07, 2017 (AFP)
Saudi Arabia said Friday that it "fully backs" a US air strike on a Syrian government airbase in retaliation for a suspected chemical weapons attack on a rebel-...
North American rig count increased in March
Apr 07, 2017 (UPI)
Exploration and production activity in North America outpaced the rest of the world in terms of general gains, oilfield services company Baker Hughes reported. ...
Senegal oil efforts financed, FAR Ltd. says
Apr 07, 2017 (UPI)
A cash infusion from the placement of shares in West African oil and gas explorer FAR Ltd. is testimony to the region's potential, its managing director said. T...
West African explorer FAR Ltd. gets cash injection
Apr 06, 2017 (UPI)
West African explorer FAR Ltd. said it raised substantial capital to fund its development programs in the emerging oil basin offshore Senegal. FAR placed 1 bill...
Bulls continue to run for oil prices
Apr 06, 2017 (UPI)
Crude oil prices posted steady gains once again as traders moved past data on steady oil storage levels in the United States, but the rally might not last. Crud...
Potentially explosive methane gas mobile in groundwater, poses safety risk
Apr 06, 2017 (SPX)
Potentially explosive methane gas leaking from energy wells may travel extensively through groundwater and pose a safety risk, according to a new study by Unive...
Buy Advertising About Us Editorial & Other Enquiries Privacy statement
The content herein, unless otherwise known to be public domain, is Copyright 1995-2026 Space Media Network. All websites are published in Australia and are solely subject to Australian law and governed by Fair Use principles for news reporting and research purposes.