OIL

10,863 articles

Kurdish oil developer says it's primed for growth
Apr 06, 2017 (UPI)
Gulf Keystone Petroleum, an operator in the Kurdish north of Iraq, said in a regular update to shareholders it's "primed for future development." Gulf Keystone ...
Shell gives up stake in New Zealand natural gas field
Apr 06, 2017 (UPI)
Royal Dutch Shell announced Thursday it was selling off its share in one of New Zealand's larger gas fields to its joint venture partner, Todd Energy. For an un...
BP revises pay, posts cut for CEO Dudley
Apr 06, 2017 (UPI)
British energy company BP said it cut the pay for CEO Bob Dudley as part of a measure that links salaries to the outcome and delivery of the corporate strategy....
Norway's Statoil does more with less with new oil project
Apr 05, 2017 (UPI)
With plans for new oil development in the Norwegian Sea approved, Statoil said it's doing more with less because of cost-efficient measures from the industry. T...
Pipeline unit of Hess to start IPO at $23 per share
Apr 05, 2017 (UPI)
The pipeline unit of Hess Corp. said Wednesday it was expecting a share price for the initial public offering at $23 per common unit. Hess Midstream Partners an...
Russia sees slow economic growth irrespective of oil prices
Apr 05, 2017 (UPI)
Even if crude oil prices move above $60 per barrel, the Russian economy likely won't expand much more than 1 percent, the head of the central bank said. Russia'...
Shell sells Hong Kong, Macau energy assets
Apr 05, 2017 (AFP)
Royal Dutch Shell on Wednesday announced the sale of its liquefied petroleum gas business in Hong Kong and Macau to Irish group DCC Energy for US$150.3 million ...
Energy sector a bright spot for Oklahoma
Apr 05, 2017 (UPI)
Gains in exploration and production activity in shale-rich Oklahoma are pulling the economy out of a slump, though recovery is slow, the state treasury said. Ok...
Rosneft taps extreme north oil and gas basin
Apr 05, 2017 (UPI)
The drilling of a well in the northernmost oil and gas basin in Russian territory by oil company Rosneft is a sign of things to come, Russia's president said. R...
Another day, another rally in crude oil prices
Apr 05, 2017 (UPI)
Crude oil prices extended their streak into Wednesday on signs that global markets were tightening, though some supply pressures could start to play a factor. C...
Exxon, Qatar Petroleum to tap Cypriot waters
Apr 05, 2017 (UPI)
An exploration campaign off the coast of Cyprus is planned by 2018 following a study of the reserve potential, a Qatari energy company said Wednesday. Cypriot P...
OPEC thanks Iraq for its role in balancing the market
Apr 04, 2017 (UPI)
Iraqi compliance with a multilateral effort to restore balance to the global market for oil has led to its success, OPEC's secretary-general said from Baghdad. ...
Transocean wins with new contracts from Norway's Statoil
Apr 04, 2017 (UPI)
After awarding new contracts to rig company Transocean for the North Sea, Norwegian energy company Statoil said British waters still have a long life of ahead. ...
U.S. gas prices begin slow seasonal trend upward
Apr 04, 2017 (UPI)
Maintenance at U.S. refineries and a shift to a more expensive summer blend of gasoline is leading to a spike in retail gas prices, motor club AAA reports. AAA ...
New technology could end costly crude oil pipeline blockages
Apr 04, 2017 (SPX)
Getting crude oil from the wellhead to its downstream destination can be literally stopped in its tracks when components of the oil known as asphaltenes clump t...
Oil and gas explorer FAR Ltd. on a West African roll
Apr 04, 2017 (UPI)
West African oil and gas explorer FAR Ltd. said its streak is continuing with an expansion to the terms of its campaign offshore Guinea-Bissau. FAR Ltd., which ...
Crude oil prices post modest gains in Tuesday trading
Apr 04, 2017 (UPI)
Emerging signs of the stars aligning for tightening of energy supplies helped pull crude oil prices out of a rut with rallies emerging in early Tuesday trading....
Woodside: LNG demand coming from transportation sector
Apr 04, 2017 (UPI)
New demand for liquefied natural gas could be coming in the form of growth in its use as a transportation fuel, the head of Australia's Woodside Energy said. Wo...
UK shale gas extraction could be reduced by limited space to develop wells
Apr 04, 2017 (SPX)
Only a quarter of the shale gas contained in one of the UK's largest reserves might be recoverable because of limited space to develop the wells needed to extra...
Qatar to increase gas production by 10 percent
Apr 03, 2017 (UPI)
Natural gas production from a field in the Persian Gulf will increase by 10 percent to position Qatar as a stronger energy leader, a top executive said. Qatar P...
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