OIL

10,863 articles

Shell continues evolution by parting with Saudi corporation
Jan 22, 2017 (UPI)
Royal Dutch Shell said its move to sell off its share in a petrochemical joint venture with a Saudi partner is part of its effort to retool its regional focus. ...
New drilling under way in Senegalese hot spot
Jan 22, 2017 (UPI)
Australian oil and gas explorer FAR Ltd., which has a strong African footprint, said new drilling started in a survey of a bright spot off the coast of Senegal....
Oil state of Texas still facing some economic pressures
Jan 22, 2017 (UPI)
The Texas oil and gas industry stabilized during the latter half of last year, though there are secondary pressures remaining, an economist said. Energy executi...
Schlumberger notches win in Norway
Jan 20, 2017 (UPI)
In a sign of further market recovery, oilfield services company Schlumberger said it secured its second batch of work of the year from Norway's Statoil. Schlumb...
Chinese growth, tight markets lift oil prices
Jan 20, 2017 (UPI)
A slight gain in the Chinese economy followed by a week of data supporting market balance sentiments lifted crude oil prices early Friday. Crude oil prices move...
Statoil finds faults after safety review
Jan 20, 2017 (UPI)
Norwegian energy company Statoil revealed Friday that operational and maintenance oversight could be stronger in a review of offshore incidents last year. Stato...
What oil and gas look like under Trump
Jan 20, 2017 (UPI)
Despite Donald Trump's vocal support for the U.S. oil and gas industry, it's market and global factors that have influence, sector analysis finds. Trump from th...
Tight market signs give boost to oil prices
Jan 19, 2017 (UPI)
Crude oil prices recovered some lost ground in early Thursday trading after the International Energy Agency found signs of market tightening. Crude oil prices h...
Former oil executive jailed for 12 years for graft
Jan 19, 2017 (AFP)
A former top official with state-owned China National Petroleum Corp (CNPC) was sentenced to 12 years for corruption Thursday, the latest prison term meted out ...
Russia's Gazprom shows gains on stronger European sales
Jan 19, 2017 (UPI)
Russia's state-control natural gas company Gazprom said Thursday it posted a profit for the third quarter on the back of stronger European sales. After reportin...
Saudi economic agenda tied to human rights
Jan 19, 2017 (UPI)
An economic agenda in Saudi Arabia, Vision 2030, which aims to boost non-oil revenue could lead to a better human rights record, the United Nations said. Accord...
IEA: U.S. shale oil 'leaner and fitter'
Jan 18, 2017 (UPI)
The U.S. shale oil industry has emerged from the recent market contraction leaner and more efficient, the International Energy Agency said. The IEA said in a re...
Lundin Petroleum sharpens focus offshore Norway
Jan 18, 2017 (UPI)
Even though it was forced to take a hit on fourth quarter results, Lundin Petroleum said it was primed for growth as it focuses heavily on offshore Norway. "I a...
North American rebound sends oil prices lower
Jan 18, 2017 (UPI)
An expected rebound in North American oil activity offset reported declines elsewhere to send crude oil prices sharply lower early Wednesday. Crude oil is in th...
Tullow Oil plans more drilling in Kenya
Jan 17, 2017 (UPI)
Africa-focused Tullow Oil said it plans more drilling after it made an oil discovery inland Kenya that's likely tied into existing hydrocarbon finds. The compan...
Church of England weighs in on shale
Jan 17, 2017 (UPI)
The Church of England said Wednesday it added its voice to the chorus of those taking a stand on the fledgling shale natural gas industry in the country. "As mo...
California gas leak site may reopen
Jan 17, 2017 (UPI)
A California oil and gas regulator said it could reopen a storage site that was the source of a durable gas leak, but not until after public hearings. Californi...
Face value for OPEC deal lifts oil prices
Jan 17, 2017 (UPI)
The outlook for a sustained price point for crude oil prices in the mid-$50 range offset questions about OPEC commitments to send markets higher early Tuesday. ...
Cairn Energy has cash for new drilling
Jan 17, 2017 (UPI)
There's a significant resource base from African basins and new output is expected from operations closer to home in the North Sea, Cairn Energy said. The compa...
Big oil, big auto tout hydrogen as next clean fuel choice
Jan 17, 2017 (UPI)
Automakers joined forces with some of the biggest oil companies in the world from Davos to put hydrogen forward as the next clean energy option. From the sideli...
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