OIL

10,863 articles

Iraqi-focused DNO oil company turns a profit
Nov 10, 2016 (UPI)
DNO, a Norwegian oil company with a good Iraqi oil portfolio, said it had a successful third quarter and expressed interest in acquiring a rival player. DNO rep...
Weatherford boss steps down
Nov 10, 2016 (UPI)
Struggling oilfield services company Weatherford International said it was parting ways with its board chairman as it looks to navigate a long downturn. Board C...
UN renews Eritrea sanctions despite push by China for lifting
Nov 10, 2016 (AFP)
The UN Security Council on Thursday renewed sanctions on Eritrea despite a push by China to lift the measures imposed seven years ago over Asmara's involvement ...
Russian oil producer boasts of gains
Nov 10, 2016 (UPI)
At a time when major producers are assessing output, Russian energy company Rosneft reported third quarter production levels were up 1 percent. Rosneft reported...
Oklahoma's economy showing modest gains
Nov 10, 2016 (UPI)
Tax collections from oil and natural gas production in Oklahoma have turned the corner, though the state isn't yet out of the woods, the state treasurer said. O...
Oil prices follow markets lower after Trump win
Nov 09, 2016 (UPI)
Crude oil prices moved in volatile territory to mirror global market trajectory after a politically untested Donald Trump won the contest for U.S. president. Tr...
TAQA reports steep drop in revenue
Nov 09, 2016 (UPI)
TAQA, an energy company controlled by the Abu Dhabi government, said its revenue was down 17 percent for the third quarter because of the drop in oil prices. Th...
Tullow lowers expectations for West African oil
Nov 09, 2016 (UPI)
Africa-focused Tullow Oil said it was on the verge of turning the market page, but cut spending and lowered its West African forecast before full recovery. "As ...
French major Total confirms Iranian gas agreement
Nov 08, 2016 (UPI)
French energy company Total confirmed the signing of a preliminary arrangement to work alongside a Chinese company in producing offshore Iranian gas. Total sign...
OPEC says climate effort won't quench oil thirst
Nov 08, 2016 (AFP)
A global pact to battle global warming entered into force last week, but the latest long-term look into the energy market by the OPEC oil cartel sees climate ch...
BP to use hydraulic fracturing for Oman's gas
Nov 08, 2016 (UPI)
British energy company BP said it extended an agreement in Oman to help develop a natural gas field that may require hydraulic fracturing to exploit fully. BP a...
Steady U.S. gas prices mask underlying volatility
Nov 08, 2016 (UPI)
Retail gasoline prices moved slightly lower on average over the last week, though U.S. infrastructure issues made for a volatile market, motor club AAA said. AA...
Oil-rich Norway running a deficit
Nov 08, 2016 (UPI)
The Norwegian government said it was running a financial deficit for the second consecutive quarter largely because of declining revenue from petroleum. The gov...
Alberta's economy turning corner
Nov 08, 2016 (UPI)
Alberta's economy is turning the corner after low crude oil prices and May wildfires created headwinds, provincial leaders said while touting a jobs plan. "Too ...
DONG Energy charts course out of oil and gas
Nov 08, 2016 (UPI)
Danish energy group DONG Energy said that after gaining success from its renewable energy portfolio, it was leaving the oil and natural gas business behind. The...
British oil and gas sector pleads for help
Nov 07, 2016 (UPI)
The British government needs to step in to help ease the pressure on investments in the North Sea brought on by lower oil prices, a trade body said. Lower crude...
Cuban-focused oil company MEO Australia reinvents itself as Melbana Energy
Nov 07, 2016 (UPI)
A company formerly known as MEO Australia said it would start trading under a name that better reflects its focus on emerging Cuban oil and gas developments. "M...
Oil-rich Iran wades into U.S. presidential race
Nov 07, 2016 (UPI)
While its energy ties to the rest of the world could be impacted, an aide to Iran's ruling cleric said the two major U.S. presidential candidates are equally ho...
No apparent pipeline damage from Cushing earthquake
Nov 07, 2016 (UPI)
There have been no reports of pipeline problems stemming from an earthquake in Oklahoma near the main U.S. oil storage hub in Cushing, a state agency said. Six ...
North American rig counts improve
Nov 07, 2016 (UPI)
The number of rigs actively exploring for or producing oil or natural gas in North America increased in October, oilfield services company Baker Hughes said. Th...
Buy Advertising About Us Editorial & Other Enquiries Privacy statement
The content herein, unless otherwise known to be public domain, is Copyright 1995-2026 Space Media Network. All websites are published in Australia and are solely subject to Australian law and governed by Fair Use principles for news reporting and research purposes.