OIL

10,863 articles

Mission accomplished, Lundin says
Nov 02, 2016 (UPI)
The top executive at Swedish energy company Lundin Petroleum said it's "mission accomplished" as strong production gains helped lift its revenue. Lundin, which ...
Oil sector recovery in Texas elusive
Nov 02, 2016 (UPI)
The pace of recovery in the exploration and production side of the energy industry in Texas has been relatively slow, a state economist said. The Railroad Commi...
'Super emitters' are responsible for more than half of US methane emissions
Nov 01, 2016 (SPX)
The bulk of methane emissions in the United States can be traced to a small number of "super emitting" natural gas wells, according to a new study. "We're findi...
Norway's Statoil says more oil coming by 2019
Nov 01, 2016 (UPI)
Patience is paying off for an oil reserve area discovered 30 years ago that's now ready to deliver for Norway at a lower cost, energy major Statoil said. The No...
Oil prices recover from steep losses
Nov 01, 2016 (UPI)
Crude oil prices rebounded Tuesday after a rough session marked by doubts about an OPEC maneuver, though there are indications of a return to balance. Crude oil...
Oil-rich Alberta lauds wildfire efforts
Nov 01, 2016 (UPI)
Six months after wildfires sidelined millions of barrels of oil from Alberta, the province said it was honoring first responders who battled on the front lines....
Russia could miss some economic targets
Nov 01, 2016 (UPI)
Even with crude oil prices holding relatively stable, a former finance minister in Russia said it will be tough for the oil-based economy to hit 2017 targets. R...
Shell rebounds as BG Group benefits set in
Nov 01, 2016 (UPI)
After a string of misses, Royal Dutch Shell said Tuesday its operational costs were lower than costs from before it merged with BG Group two years ago. Shell sa...
Oxy expands footprint in Permian shale
Nov 01, 2016 (UPI)
The world's largest independent oil explorer, Occidental Petroleum, said it was wading more deeply into one of the more lucrative Texas shale basins. From priva...
Oil prices stumble along with OPEC production proposal
Nov 01, 2016 (UPI)
Crude oil prices moved sharply lower in early Monday trading after an OPEC meeting during the weekend failed to result in any concrete direction for output. Mem...
OPEC volatility spilling over to consumer gas prices
Nov 01, 2016 (UPI)
Retail gasoline prices in the United States may be erratic as investors guess on what happens next with OPEC, though pain at the pump is diminishing, AAA said. ...
BP confirms joint venture with Rosneft
Nov 01, 2016 (UPI)
British energy company BP said Tuesday it confirmed a pledge to invest as much as $300 million in developing reserves in Russia alongside oil company Rosneft. B...
Oil, gas production linked to 20th-century LA quakes
Nov 01, 2016 (AFP)
Oil and gas production may have contributed to four of the five most powerful Los Angeles Basin earthquakes of the early 20th-century oil boom, a new study show...
Canada OKs second gas pipeline project in two months
Oct 31, 2016 (AFP)
Canada on Monday gave the green light to a Can$1.3 billion (US$970 million) expansion of natural gas pipelines in Alberta province. It was the second pipeline p...
After earnings report, Statoil suspends rig work
Oct 31, 2016 (UPI)
Norwegian energy company Statoil said suspending the use of a drilling rig was part of a revised plan to develop reserves at one of the area's larger fields. Th...
West African oil ready to go, FAR Ltd. says
Oct 31, 2016 (UPI)
Africa-focused FAR Ltd. said its oil basins off the West African coast were primed for advancement and the company was ending the quarter debt free. During the ...
Conoco leaves Senegalese oil behind
Oct 31, 2016 (UPI)
Selling off a stake in reserves off the coast of Senegal is part of what ConocoPhillips said was a move away from deepwater exploration efforts. Conoco's subsid...
Leave Arctic oil and gas where it is, advocates say
Oct 28, 2016 (UPI)
U.S. advocacy groups, some of which staged high-profile protests against Shell, said Arctic oil and gas should be left out of the nation's energy agenda. U.S. o...
Nigerian oil company working with security forces
Oct 28, 2016 (UPI)
With an eye on the national budget, Nigeria's state oil company said it would work closely with police in an effort to tackle militant threats. The Nigerian Nat...
French gas company enters former Soviet space
Oct 28, 2016 (UPI)
French energy company ENGIE said Friday it's now the first European player to have a framework to do work in a Ukrainian gas system overshadowed by Russia. In t...
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