OIL

10,863 articles

Exxon Mobil urges Trump to stay in Paris climate accord
Mar 28, 2017 (AFP)
Energy giant Exxon Mobil has asked the Trump administration not to scrap US participation in the landmark Paris climate agreement, running counter to White Hous...
World Bank priority gas field in Ghana gets support
Mar 28, 2017 (UPI)
French engineering company TechnipFMC said it secured a contract to help develop the Sankofa natural gas field offshore Ghana, a field backed by the World Bank....
Trump to rewrite environmental laws
Mar 28, 2017 (UPI)
White House plans to overhaul environmental regulations Tuesday will be rooted in science and sound economic policy, supporters said, though advocacy groups cri...
West Africa oil potential growing
Mar 28, 2017 (UPI)
After posting a perfect record in discoveries off the West African coast, Australian energy company FAR Ltd. said its footprint was expanding with a new buy-in....
Oil prices bounce on signs of market tightening
Mar 28, 2017 (UPI)
A wider spread between crude oil benchmarks and signs of trouble in Libya gave oil prices a bounce early Tuesday on signs of short-term tightening of supplies. ...
Russian oil company reached Iraqi production milestone
Mar 28, 2017 (UPI)
Russian oil company Gazprom Neft said it passed a milestone with operations in Iraq by passing the 5 million barrel mark for cumulative production in 2017. The ...
Dakota Access pipeline prepared for service
Mar 28, 2017 (UPI)
According to a report, crude oil has been inserted into the Dakota Access pipeline in North Dakota in preparation for putting the full line in service. Energy T...
Oil prices stage weak rally against competing market factors
Mar 28, 2017 (UPI)
Traders shrugged off data indicating supply-side strains to focus more on lower production from OPEC members, sending oil prices higher early Wednesday. Crude o...
After energy agreement, Iran sees growing trade with Russia
Mar 28, 2017 (UPI)
Boasting that it's a result of a multilateral nuclear deal, OPEC-member Iran said its trade volume with oil-rich Russia could pass the $10 billion mark. Iranian...
Chevron makes LNG headway
Mar 28, 2017 (UPI)
The third production facility at the Gorgon liquefied natural gas facility off the Australian coast is now in service, the regional subsidiary of Chevron said. ...
OMV presses on hydrogen-fuel accelerator
Mar 28, 2017 (UPI)
Austrian energy company OMV said Wednesday it was building on efforts to diversify its portfolio by opening more filling stations for hydrogen-powered vehicles....
Moscow sees Arctic oil as an option
Mar 28, 2017 (UPI)
Developing oil from the Arctic regions of northern Russia is still a strategic interest despite the prohibitive market factors, a minister said. A subsidiary of...
Low prices at the pump holding thanks to OPEC
Mar 28, 2017 (UPI)
Uncertainty surrounding an OPEC-led production agreement is keeping a lid on crude oil prices to the benefit of U.S. motorists at the pump, AAA reported. The mo...
Russia's Lukoil to invest more offshore this year
Mar 27, 2017 (UPI)
Russian oil company Lukoil aims to invest at least four-times as much on offshore oil and gas exploration than it did last year, a resources minister said. One ...
Maersk Oil gets new oil out of the North Sea
Mar 27, 2017 (UPI)
Calling it a driver for value, Maersk Oil said oil started flowing from its Flyndre field in the British and Norwegian waters of the North Sea for the first tim...
China oil giant Sinopec posts 44% jump in net profit
Mar 27, 2017 (AFP)
State-owned Chinese energy major Sinopec said 2016 net profit jumped 44 percent, its first annual profit rise in three years, as strong demand and better margin...
Oil loses out after weekend meeting of OPEC
Mar 27, 2017 (UPI)
Crude oil prices lost traction early Monday after parties to an OPEC-led production deal delayed action on a possible extension until next month. Crude oil pric...
Oil streak continues offshore Senegal
Mar 27, 2017 (UPI)
After going eight-for-eight in oil discoveries off the coast of Senegal, Australian energy company FAR Ltd. said it expects a revision to reserve estimates. FAR...
New study defines best materials for carbon capture, methane selectivity
Mar 27, 2017 (SPX)
Natural gas producers want to draw all the methane they can from a well while sequestering as much carbon dioxide as possible, and could use filters that optimi...
Development progressing for new Gulf of Mexico field
Mar 27, 2017 (UPI)
In a sign of sector confidence, French energy services company TechnipFMC said it got a contract to help build new production components in the Gulf of Mexico. ...
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