OIL

10,863 articles

Taliban pledge protection for Afghan gas pipeline
Nov 29, 2016 (UPI)
The Afghan Taliban said it was directing its supporters to help advance national infrastructure projects like a natural gas pipeline running from Turkmenistan. ...
BP builds position in one of Egypt's biggest gas fields
Nov 28, 2016 (UPI)
British energy company BP said it was strengthening its position in the Egyptian oil and gas market by buying a minority stake in an offshore natural gas field....
Oil prices in rally mode on OPEC rumors
Nov 28, 2016 (UPI)
Oil prices were moving in wild swings in early Monday trading, erasing a 5 percent deficit overnight as investors moved quickly on the latest OPEC utterances. C...
Russian oil producer pushes deeper in Arctic
Nov 28, 2016 (UPI)
Russian oil producer Gazprom Neft said it was starting sea trials for a vessel meant to support oil work, including spill response, in extreme Arctic climates. ...
Russia to review oil, gas work in Barents Sea
Nov 28, 2016 (UPI)
Six years after resolving border disputes in the Barents Sea, a Russian minister said he scheduled a meeting in Oslo to discuss oil and gas work with Norway. A ...
Iran inks agreement with oilfield services company Schlumberger
Nov 28, 2016 (UPI)
A new arrangement with oilfield services company Schlumberger is a source of optimism for post-sanctions Iran, a managing director said from Tehran. Schlumberge...
Putin staying out of OPEC talks
Nov 28, 2016 (UPI)
Russian President Vladimir Putin is deferring to his energy minister to discuss the potential for a production agreement with OPEC, his spokesman said Monday. R...
More drilling planned for super giant Norwegian oil field
Nov 28, 2016 (UPI)
Consent is given to energy company Statoil to start drilling an appraisal well in the Johan Sverdrup oil field in the North Sea, the Norwegian government said. ...
Thanksgiving gas prices are the lowest in years
Nov 23, 2016 (UPI)
U.S. travelers leaving early on Wednesday to get a head start on the holiday will see some of the lowest gas prices in nearly a decade, the government said. U.S...
Australian energy company rewarded for Cuban oil efforts
Nov 23, 2016 (UPI)
An Australian energy company that's one of the few foreign companies working in Cuba said it was rewarded for its efforts with a contract extension. Melbana Ene...
New energy alliance focused on Gulf of Mexico
Nov 23, 2016 (UPI)
Independent energy producers focused on the U.S. Gulf of Mexico announced coordination around an alliance aimed at advancing the industry's needs in Washington....
Norway's oil and gas investments on the decline
Nov 23, 2016 (UPI)
Investment plans for oil and gas developments offshore Norway are on the decline and should remain low even with new projects on tap, government data show. Stat...
Oil prices move lower on OPEC questions, Autumn Statement
Nov 23, 2016 (UPI)
Crude oil prices apparently found the direction they were looking for Wednesday, moving lower amid uncertainty about the impact of OPEC maneuvering. Oil prices ...
Mixed bag for frontier oil reserves offshore Liberia
Nov 23, 2016 (UPI)
A division of Exxon Mobil announced Wednesday it started drilling its first well targeting reserves off the coast of Liberia. Exxon's Liberian affiliate is work...
Crude oil prices searching for OPEC direction
Nov 22, 2016 (UPI)
Crude oil prices staged an abrupt retreat in early trading Tuesday as doubts lingered over OPEC coordination. Crude oil prices bounced around net gains and loss...
Whiting Petroleum leaving North Dakota gas behind
Nov 22, 2016 (UPI)
After recording a steep decline in third quarter revenue, Whiting Petroleum said it was selling off parts of its natural gas business in North Dakota. Pending r...
Polluted water in hand, Nigerian king takes Shell to court in London
Nov 22, 2016 (AFP)
King Emere Godwin Bebe Okpabi holds up a plastic bottle containing contaminated water from his community in Nigeria, proof of oil pollution that he blames on Ro...
Iraq has to up oil output because of 'budget hole': FM
Nov 22, 2016 (AFP)
Iraq has to up its crude output because dwindling oil prices and the fight against Islamic State have left "a huge hole" in the economy, Foreign Minister Ibrahi...
More reserves uncovered in Barents Sea
Nov 22, 2016 (UPI)
Swedish energy company Lundin Petroleum said Tuesday it made an oil and gas discovery in a frontier area near an existing field in the Barents Sea. The company'...
Amnesty International steps into Dakota Access pipeline row
Nov 22, 2016 (UPI)
Rights group Amnesty International became the latest to wade into the controversy over the Dakota Access pipeline, alleging excessive force by area police. The ...
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