OIL

10,863 articles

Gazprom could spend half a billion dollars on Turkey
Nov 07, 2016 (UPI)
Russian natural gas company Gazprom could spend more than a half billion dollars on its latest pipeline efforts in Turkey, media reported Monday Russian news ag...
Oil prices up on OPEC rhetoric
Nov 07, 2016 (UPI)
Crude oil prices moved higher in early Monday trading after verbal stimulus from OPEC emerged on the eve of the U.S. presidential election. Members of the Organ...
Algeria awards China contract to revamp refinery
Nov 06, 2016 (AFP)
Algeria's state energy company Sonatrach on Sunday awarded the China Petroleum Engineering and Construction Corporation (CPECC) a 380-million-euro ($420-million...
Statoil moving quick on new oil field development
Nov 04, 2016 (UPI)
Two engineering companies servicing the oil and gas sector said they were awarded contracts to help develop a Norwegian oil field with energy major Statoil. An ...
Mexican energy sector ripe for investment
Nov 04, 2016 (UPI)
Opening up the Mexican oil and gas sector has the potential to draw in billions of dollars in new investments, but it won't be easy, an analyst said. Mexican Pr...
Oil and gas majors invest $1 billion in low-emission tech
Nov 04, 2016 (AFP)
Ten global oil and gas companies on Friday announced they will invest $1 billion (900 million euros) in low-carbon-emission technologies to help combat climate ...
Rogue militant attacks Nigerian oil pipeline
Nov 04, 2016 (UPI)
A Nigerian militant group admitted to an attack on a crude oil export pipeline, but blamed a rogue member for violating a truce, a Nigerian newspaper reported. ...
Iran emerges with claim of Pakistani pipeline interest
Nov 04, 2016 (UPI)
Iran once again suggested it was moving forward on plans to build a long-delayed natural gas pipeline to Pakistan, this time with the help of China. An intervie...
Oil prices recover after consecutive sessions of declines
Nov 03, 2016 (UPI)
Crude oil prices snapped their losing streak Thursday on upbeat growth forecasts for the British economy and sentiment regarding a new market floor. Oil prices ...
Apache Corp. lauding shale transformation
Nov 03, 2016 (UPI)
Transformation is underway in parts of the shale basins in the Lower 48 U.S. states following the discovery of a major oil play in Texas, Apache Corp. said. Aft...
Obama called to stop Dakota Access pipeline construction
Nov 03, 2016 (UPI)
President Obama needs to make good on his word and stop the construction of the Dakota Access pipeline altogether, an environmental advocacy group said. By some...
Gazprom defends European gas position
Nov 03, 2016 (UPI)
Russian natural gas will at the very least remain at a steady level in the European market, though some level of growth is likely, a Gazprom official said. "I c...
Marathon to expand rig work substantially
Nov 03, 2016 (UPI)
Despite posting a loss for the third quarter, Marathon Oil said it planned to expand exploration and production work while keeping spending in check. Marathon r...
Continental Resources takes loss, but raises production hopes
Nov 03, 2016 (UPI)
U.S. shale player Continental Resources said momentum moving forward was strong enough to raise its expectations for output for North Dakota and Oklahoma. Conti...
U.S. gasoline consumption at record highs
Nov 02, 2016 (UPI)
The amount of gasoline consumed and the total miles traveled during peak summer travel time in the United States set a new record, a federal report said. The U....
Colorado sees mixed support from oil and gas
Nov 02, 2016 (UPI)
With mixed support coming from the oil and gas sector, Colorado's governor said his new budget proposal reflects an expected slow pace of economic growth. Gov. ...
Cluster of seismic events strike shale-rich Oklahoma
Nov 02, 2016 (UPI)
A cluster of seismic events in shale-rich Oklahoma culminated with a magnitude-4.5 quake early Wednesday morning, the USGS reported. Five seismic events were re...
Altamira Technologies acquires APG
Nov 02, 2016 (UPI)
Altamira Technologies Corporation has acquired APG Technologies, expanding the company's portfolio. Altamira provides technology solutions to the U.S. intellige...
Supply build pushing oil prices lower
Nov 02, 2016 (UPI)
Supply-side pressures resurfaced to add negative pressure to crude oil prices Wednesday, one day after a rally collapsed on U.S. pipeline issues. Crude oil pric...
Alberta proposes limit on oil sands emissions
Nov 02, 2016 (UPI)
Putting a limit on the amount of emissions coming from oil sands production would show Alberta can strike the proper environmental balance, its government said....
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