OIL

10,863 articles

On GE, Baker Hughes says it's too early to say
Oct 28, 2016 (UPI)
Baker Hughes said Friday it was too early to offer a comment on rumors of a possible partnership offer from General Electric, the second such effort this year. ...
China oil giant Sinopec Q3 net profit jumps sixfold
Oct 28, 2016 (AFP)
Chinese oil giant Sinopec, Asia's biggest refiner, net profits leapt sixfold in the third quarter, it said Friday, as low crude prices lowered its costs. Net pr...
Mass arrest as North Dakota police, pipeline protesters clash
Oct 28, 2016 (AFP)
Police in the US state of North Dakota arrested oil-pipeline protesters en masse Thursday after a tense standoff and bursts of violence that continued into the ...
Doubts, earnings pull oil prices lower
Oct 28, 2016 (UPI)
Pessimism expressed about the outcome of production efforts from OPEC members and weak quarterly results pushed oil prices lower in early Friday trading. Member...
Chevron, Exxon still facing headwinds
Oct 28, 2016 (UPI)
Earnings reports from some of the largest U.S. oil companies, Exxon and Chevron, reflect what top executives said Friday were persistent industry challenges. "W...
Africa-focused Tullow generating cash
Oct 28, 2016 (UPI)
With repair operations completed at one of West Africa's largest oil fields, Tullow Oil said it was in a position to start generating cash. The company said Fri...
More oil likely in Cuba
Oct 27, 2016 (UPI)
MEO Australia, the only Australian company with a footprint in Cuba, said ongoing work is expected to translate to more potential oil reserves in the country. I...
Oil prices stage rebound after dropping below $50
Oct 27, 2016 (UPI)
Growth from a British economy charting a path out of the European Union balanced against potential gains in output to give oil prices a boost early Thursday. Th...
Conoco finds silver lining in $1 billion loss
Oct 27, 2016 (UPI)
The largest independent oil producer in the United States, ConocoPhillips, lost a substantial amount of money last quarter, but said it did better than 2015. "O...
Norway's energy major Statoil cuts spending
Oct 27, 2016 (UPI)
Norwegian oil and gas major Statoil said it was cutting its spending plans in response to a weaker market, but keeping its production outlook stable. The first ...
Russian oil production reached post-Soviet high
Oct 27, 2016 (UPI)
A ratings agency assessing the profitability of Russian energy companies said oil production for September reached a post-Soviet high. A profile of Russian ener...
Texas oil production up slightly from last year
Oct 27, 2016 (UPI)
Oil output from Texas, the No. 1 producer in the country, for August, the last full month for which data are available, was higher than last year, data show. Th...
North Dakota police move to clear pipeline protesters
Oct 27, 2016 (AFP)
Police in the US state of North Dakota engaged in a tense standoff with oil-pipeline protesters Thursday, attempting to clear them from a public road and off pr...
Violence apparently escalating on both sides of Dakota Access protests
Oct 26, 2016 (UPI)
A U.S. group advocating for the rights of women said the federal government should intervene in Dakota oil pipeline protests in order to halt the violence. More...
DONG Energy reviewing oil and gas options
Oct 26, 2016 (UPI)
Danish company DONG Energy said it was realigning its priorities around clean-energy options, but not necessarily leaving its oil and gas business behind. DONG ...
SAIC to supply U.S. military with petroleum products
Oct 26, 2016 (UPI)
SAIC is to supply chemicals, packaged petroleum and other products to the U.S. military under a contract from the Defense Logistics Agency. The single award, in...
Weatherford: The worst is over
Oct 26, 2016 (UPI)
Even though it reported a steep loss for the third quarter, oilfield services company Weatherford International said the worst of the downturn was over. The com...
Kurdish oil player Genel Energy expecting production decline
Oct 26, 2016 (UPI)
Kurdish oil player Genel Energy said its quarterly production from northern Iraqi fields was inching lower and it was time to revisit development plans. Genel E...
Losses for Hess Corp. continue to grow
Oct 26, 2016 (UPI)
Midstream energy company Hess Corp. said it was focusing on spending after reporting a net loss for the quarter that was worse than last year. Hess. Corp. repor...
Russia expecting more oil investments
Oct 26, 2016 (UPI)
Investments in the Russian oil sector are expected to expand in comparison to last year, though nothing is certain for 2017, a deputy energy minister said. "Thi...
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