OIL

10,863 articles

Alberta honors oil legacy
Feb 14, 2017 (UPI)
With the nation's prime minister in Washington discussing trade issues, leaders in Alberta commemorated the economic legacy of oil and gas. Imperial Oil made an...
U.S. oil production looking robust, OPEC says
Feb 13, 2017 (UPI)
The recovery in crude oil prices means more oil likely from U.S. shale deposits, though immediate gains are coming from offshore, OPEC said. Economists at the O...
Facing multiple pressures, oil prices move lower
Feb 13, 2017 (UPI)
Gains in production from some OPEC members, expected U.S. gains and European economic concerns pushed oil prices lower early Monday. The Organization of Petrole...
China's oil demand growing, but at a slower pace
Feb 13, 2017 (UPI)
A metric used to gauge oil demand in China, the world's second-largest economy, show steady gains but at a slower pace than before, S&P Global Platts said. Plat...
Lundin Petroleum: Sole focus is now on offshore Norway
Feb 13, 2017 (UPI)
A new company will manage most of the assets outside of Norway in order to focus more on those core offshore holdings, Lundin Petroleum announced. Lundin, which...
More drilling permits issued in Texas
Feb 13, 2017 (UPI)
The number of new drilling permits issued in Texas last month was more than 80 percent higher than the previous year, state data show. Texas is the No. 1 oil pr...
Oil sharply higher on OPEC compliance
Feb 10, 2017 (UPI)
Crude oil prices moved sharply higher in early Friday trading after a report from the IEA found an OPEC effort to balance the market was starting to work. Crude...
Methane levels have increased in Marcellus Shale region despite dip in well installation
Feb 10, 2017 (SPX)
Despite a slow down in the number of new natural gas wells in the Marcellus Shale region of Northeast Pennsylvania, new research led by Drexel University finds ...
Dakota pipeline work resumes, US tribe heads to court
Feb 10, 2017 (AFP)
Construction has begun on the final segment of the controversial Dakota Access oil pipeline in the northern United States, prompting a court challenge from a Na...
Rio Tinto hires from oil and gas talent pool
Feb 10, 2017 (UPI)
Rio Tinto, one of the world's largest metals and mining companies, said it was bringing in top former oil executives to join its front office staff. Rio Tinto s...
Worker missing after New Orleans pipeline explosion
Feb 10, 2017 (UPI)
One worker for Phillips 66 is unaccounted for and two others were injured after an explosion on a gas pipeline near New Orleans, the company said. The company c...
U.S.-Mexican energy trade a bright spot
Feb 10, 2017 (UPI)
U.S. crude oil exported to Mexico is one of the more lucrative commodities for North American energy trade, the U.S. Energy Department reported. A daily briefin...
Rice takes deeper look at unconventional oil and gas
Feb 10, 2017 (SPX)
Understanding how oil and gas molecules, water and rocks interact at the nanoscale will help make extraction of hydrocarbons through hydraulic fracturing more e...
On oil markets, a report says to wait and see
Feb 10, 2017 (UPI)
Even though OPEC members are largely complying with a production deal, the net market condition still favors the supply side slightly, the IEA said Friday. Acco...
More drilling planned for Kurdish north of Iraq
Feb 09, 2017 (UPI)
Steady payments from the Kurdish government in Iraq and improved market conditions means it's time to start drilling more, Norwegian company DNO said. DNO said ...
Russia's economy grows at $40 per barrel oil
Feb 09, 2017 (UPI)
The Russian economy will be on the positive side of growth even if the price of crude oil falls to $40 per barrel, the Central Bank of Russia said. Central Bank...
Iran on Total's radar for future growth
Feb 09, 2017 (UPI)
Future investments geared toward growth include signing agreements to work with Iran on its giant South Pars gas field, French supermajor Total said. Total rele...
Oil prices rebound on consumer, labor figures
Feb 09, 2017 (UPI)
Crude oil prices recovered lost ground early Thursday, continuing a market rebound sparked by an increase in demand at the consumer level. Crude oil prices star...
BHP Billiton sinks $2.2 billion in Gulf of Mexico
Feb 09, 2017 (UPI)
Australian energy giant BHP Billiton said it gave the green light to spending more than $2 billion to help develop the Mad Dog project in the Gulf of Mexico. Th...
First sale of U.S. strategic oil scheduled
Feb 09, 2017 (UPI)
The first tranche of oil for sale for strategic reserves in the United States is scheduled for late February, the U.S. Department of Energy said. The U.S. gover...
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.