OIL

10,863 articles

Eni ups renewable ante through work with GE
Nov 22, 2016 (UPI)
Italian energy company Eni said Tuesday it would work through a partnership with General Electric to build a stronger portfolio in the renewable energy sector. ...
Where Russia's Lukoil sees oil prices going
Nov 22, 2016 (UPI)
Russian oil company Lukoil said during a meeting of the board of directors its two-year budget starting in 2017 would be based on oil priced at $40 per barrel. ...
More oil coming from the North Sea
Nov 21, 2016 (UPI)
British energy company EnQuest said Monday it delivered its first batch of oil from a North Sea field that could hold more than 10 million barrels of oil. EnQue...
Commercial production started at giant Kashagan oil field
Nov 21, 2016 (UPI)
Commercial production from the giant Kashagan oil field in the Caspian waters of Kazakhstan has begun, a spokesperson for a regional operating company said. Pro...
Police respond to 'riots' at Dakota Access pipeline; protesters report tear gas
Nov 21, 2016 (UPI)
Law enforcement personnel in North Dakota said protests against the Dakota Access oil pipeline escalated into riots, with activists settling in for the winter. ...
Oil prices rally on production proposal support
Nov 21, 2016 (UPI)
Crude oil prices opened the shortened trading week in rally mode as leaders from major oil-producing nations expressed support for a production proposal. Member...
Are The Saudis About To Reveal The Best Kept Secret In Oil?
Nov 21, 2016 (SPX)
One of the oil world's longest and best kept secrets may finally be revealed. Saudi Arabia is preparing to unveil how much oil it holds, a closely guarded state...
Bangladesh gets help with gas assets
Nov 21, 2016 (UPI)
A loan totaling more than $150 million will help Bangladesh address the mounting energy challenges in its expanding economy, the Asian Development Bank said. Th...
Where oil-rich Texas sees economic gains
Nov 21, 2016 (UPI)
Some semblance of stabilization in the energy sector has resulted in a net positive for the state of the Texas economy, a regional banker said. The Federal Rese...
Putin sees few problems with freezing oil production
Nov 21, 2016 (UPI)
There are no serious issues standing in the way of an OPEC production proposal and Russia is ready to do its part by freezing output, the president said. "We ha...
Iran sees a 25 percent recovery in crude oil prices
Nov 21, 2016 (UPI)
OPEC members are shooting for crude oil priced at around $60 per barrel if production agreements come through, Iran's oil minister said. Iranian Oil Minister Bi...
Iraqi firefighters battle to tame IS oil well fires
Nov 20, 2016 (AFP)
Clad in red helmets and surgical masks, the firefighters emerged exhausted from the massive column of smoke streaming almost incessantly out of an oil well in n...
Donald Trump will save us, Colorado oil and gas advocates say
Nov 18, 2016 (UPI)
A late-term decision from the Obama administration to sideline some Colorado oil and gas reserves drew fire from industry circles anticipating an about-face. "T...
How Iran and Russia are locking step on oil
Nov 18, 2016 (UPI)
A Russian delegation visiting Tehran on Friday signed a handful of agreements to work with an Iranian oil company, a managing director said. More than two dozen...
Why Norway adds to supply-side worries
Nov 18, 2016 (UPI)
Total production of oil and natural gas last month from Norwegian reservoirs was about 30 percent higher than September, the government said Friday. Norway is a...
Some tough choices for Alberta's oil-based economy
Nov 18, 2016 (UPI)
The central component of economic hardship in the oil-rich Canadian province of Alberta is a lack of diversification, the provincial leader said. The provincial...
Study Finds Widespread Land Losses from Gulf Oil Spill
Nov 18, 2016 (JPL)
Dramatic, widespread shoreline loss is revealed in new NASA/U.S. Geological Survey annual maps of the Louisiana marshlands where the coastline was most heavily ...
Obama declares parts of Arctic off-limits for oil drilling
Nov 18, 2016 (AFP)
US President Barack Obama on Friday declared portions of the Arctic off-limits for oil exploration for the next five years, dealing a blow to Republican efforts...
Oil prices start Friday in hesitant rally
Nov 18, 2016 (UPI)
Crude oil prices moved higher to start the day on Friday on competing strains from production levels outside of OPEC and sentiment for a market deal. Crude oil ...
Let's consider freezing oil production, Russia says
Nov 18, 2016 (UPI)
Major oil-producing nations could implement a freeze in output levels as a tool to bring the market back into balance, Russia's energy minister said Friday. Min...
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