OIL

10,863 articles

Kuwaitis seek roots in upmarket tents under the stars
Jan 31, 2017 (AFP)
Nostalgic for their Bedouin roots, Kuwaitis like Ahmad al-Shimmari are following in the footsteps of their desert-dwelling ancestors living in tents under the s...
Average U.S. gas prices decline for 21 consecutive days
Jan 31, 2017 (UPI)
The national average for gasoline prices declined for 21 consecutive days, buoyed by the increase in crude oil production in the United States and lower driving...
InterOil lobbies for proposed Exxon acquisition
Jan 30, 2017 (UPI)
An energy company with a sole focus on gas in Papua New Guinea said it was urging its shareholders to vote in favor of a merger with Exxon Mobil. InterOil Corp....
Lundin cleared for more drilling offshore Norway
Jan 30, 2017 (UPI)
The Norwegian government signed off on plans for appraisals of one of the larger oil fields in its territorial waters, Edvard Grieg The Petroleum Safety Authori...
Arctic oil production more than doubled, Russia says
Jan 30, 2017 (UPI)
Russian oil company Gazprom Neft said its production from a field in Arctic waters more than doubled from levels reported in 2015. The company said total produc...
Oil prices flat, caught in tug-of-war
Jan 30, 2017 (UPI)
Crude oil prices started Monday in weak rally mode amid a tug-of-war in a market characterized by competing supply narratives. The price for Brent crude oil mov...
More drilling anticipated for New Zealand
Jan 30, 2017 (UPI)
Australian energy company Melbana said Monday it was anticipating drilling success closer to home in New Zealand while keeping its eye on Cuban reserves. Melban...
Enbridge Energy Partners still reviewing its options
Jan 27, 2017 (UPI)
Enbridge Energy Partners said it expects its near-term profitability to remain within guidance, but external pressures mean a strategic review is necessary. The...
Lebanon committed to oil, gas transparency
Jan 27, 2017 (UPI)
Transparency is a top priority for a Lebanese government looking to bring bidders back to its offshore oil and gas reserves, the energy minister said. Lebanon t...
Both sides of the border praise Keystone XL
Jan 27, 2017 (UPI)
U.S. and Canadian trade groups said building the Keystone XL oil pipeline to southern U.S. ports was critical for the region's energy infrastructure. Pipeline c...
Iran ships condensate to Japan
Jan 27, 2017 (UPI)
State-backed media in Iran reported Friday that the country has started shipments of an ultra-light form of oil to the Japanese market. Iran's state-funded broa...
EIA: Mexico a top U.S. gas export destination
Jan 27, 2017 (UPI)
Even as the Trump administration threatened to tighten U.S.-Mexican trade policy, an Energy Department review said Mexico will remain a top fuel export market. ...
TransCanada submits US application to build Keystone pipeline
Jan 27, 2017 (AFP)
Canadian pipeline builder TransCanada announced Thursday it had submitted an application to build the Keystone XL pipeline, a controversial project that has bee...
Baker Hughes still struggling, but strains easing
Jan 26, 2017 (UPI)
Oilfield services company Baker Hughes reported mixed results with a small quarterly loss balancing against substantial cost reductions. Baker Hughes, which pro...
ExxonMobil names climate scientist to its board
Jan 26, 2017 (AFP)
Oil giant ExxonMobil, long criticized over its stance on climate change and production of fossil fuels, has appointed a leading climate scientist to its board o...
DNV GL: Modest optimism for energy year ahead
Jan 26, 2017 (UPI)
Confidence in the oil and gas sector has improved only modestly when compared with last year, though North America is a standout, an industry report finds. DNV ...
Transparency International has U.S. energy concerns
Jan 26, 2017 (UPI)
Accountability is a concern with the Trump administration, Transparency International said in the wake of White House support for energy infrastructure. In a se...
UK court blocks Nigeria spill claims against Shell
Jan 26, 2017 (AFP)
A British court on Thursday blocked pollution claims against Anglo-Dutch energy giant Shell by more than 40,000 Niger Delta residents demanding action over deca...
Upbeat tones lift crude oil prices
Jan 26, 2017 (UPI)
Sentiments of emerging recovery in the energy sector as a whole offered some support to crude oil prices Thursday, despite supply-side pressures. Oilfield servi...
Texas energy sector showing clear recovery
Jan 26, 2017 (UPI)
The Texas oil and gas sector has turned the corner after a two-year "blood bath" that humbled the nation's top producer, a state economist said. Texas is the to...
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