OIL

10,863 articles

Angola adds to supply-side strains for oil
Feb 08, 2017 (UPI)
Italian energy company Eni said Wednesday it started production at an oil facility off the coast of Angola in record-setting fashion. The company said operation...
US authorities clear pathway for Dakota pipeline
Feb 08, 2017 (AFP)
US authorities said Tuesday they will approve a permit to complete the controversial Dakota Access pipeline to reduce transportation costs and give US producers...
New scientific approach assesses land recovery following oil and gas drilling
Feb 08, 2017 (SPX)
A new scientific approach can now provide regional assessments of land recovery following oil and gas drilling activities, according to a new U.S. Geological Su...
U.S. exploration and production activity rising
Feb 08, 2017 (UPI)
A review of exploration and production activity in the United States finds standing still is the worst case scenario for major oil and gas regions. A forecastin...
U.S. supply levels drag on oil prices
Feb 08, 2017 (UPI)
Emerging signs of supply-side pressures building in the United States pushed crude prices lower for the third straight session early Wednesday. Crude oil prices...
Some OPEC members bucking trend
Feb 08, 2017 (UPI)
Members of OPEC exempt from a production agreement, and those producers who wanted such a break, are bucking rival trends, an industry survey finds. Members of ...
Statoil focuses on operational performance
Feb 07, 2017 (UPI)
Even as it took a loss for the fourth quarter, Norwegian energy major Statoil said its production was up 2 percent from the same time last year. Statoil is one ...
Alberta offers grants to advance climate awareness
Feb 07, 2017 (UPI)
The provincial government of Alberta said it was offering grant support to advance education on issues related to climate change. Alberta is home to the lucrati...
U.S. rig count up 4 percent
Feb 07, 2017 (UPI)
The number of rigs actively exploring for or producing oil or gas in the United States was up 4.4 percent year-on-year in January, Baker Hughes reported. Baker ...
Low-cost imaging system detects natural gas leaks in real time
Feb 07, 2017 (SPX)
Researchers have developed an infrared imaging system that could one day offer low-cost, real-time detection of methane gas leaks in pipelines and at oil and ga...
U.S. retail gas prices holding steady
Feb 07, 2017 (UPI)
U.S. retail gasoline prices are holding steady as the broader energy market is stuck in a tug-of-war of oil production trends, a report from AAA finds. The moto...
More oil than thought offshore Senegal
Feb 07, 2017 (UPI)
Africa-focused energy company FAR Ltd. said a review of its oil prospects off the coast of Senegal was more promising than initially thought. FAR has nearly 3,0...
North American rebound pulls oil prices lower
Feb 07, 2017 (UPI)
The continued rise in energy sector activity in North America pushed crude oil prices toward their second straight day of losses early Tuesday. Crude oil prices...
Russian researchers developed high-pressure natural gas operating turbine-generator
Feb 07, 2017 (SPX)
Scientists of Peter the Great St. Petersburg Polytechnic University (SPbPU) developed turbo expander electric generator operating on high-pressure natural gas. ...
Campus natural gas power plants pose no radon risks
Feb 07, 2017 (SPX)
When Penn State decided to convert its two power plants from their historic use of coal as a source of energy to natural gas, there was concern about radon emis...
Russia predicts oil price ceiling at $60 per barrel
Feb 06, 2017 (UPI)
Oil prices might not break through a ceiling of $60 per barrel before 2019 and continue to present risks to Russia's economy, the Finance Ministry said. The Cen...
Norway's offshore service sector unites
Feb 06, 2017 (UPI)
Maneuvering through a weakened energy sector by joining forces is a "necessary" step for Norway's offshore service vessel market, executives said. Three compani...
Delek completes grab of North Sea player Ithaca
Feb 06, 2017 (UPI)
Delek Group, an Israeli energy company, said Monday it put more than $520 million on the table to take over rival oil producer Ithaca Energy Inc. Delek Group co...
North American activity pulls oil prices lower
Feb 06, 2017 (UPI)
Number-crunching on the managed decline agreement from OPEC and a rise in North American drilling put pressure on oil prices early Monday. Oilfield services com...
U.S. isolating itself, deputy Iranian petroleum minister says
Feb 06, 2017 (UPI)
It's Washington that sidelined U.S. energy companies from taking part in any upcoming contract talks for Iran, not Tehran, a petroleum minister said. Iranian me...
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