OIL

10,863 articles

Russian oil company sends mixed signal on supply issues
Oct 20, 2016 (UPI)
Oil prices will move past $55 per barrel as supply-side pressures ease next year, though Russia has the ability to boost output if need be, Rosneft's CEO said. ...
Yemen too violent for energy work
Oct 20, 2016 (UPI)
Despite a brief halt to the fighting, the security situation in Yemen is too volatile to return to production, Austrian energy company OMV said. U.S. Secretary ...
Subsea 7 lands new work offshore Egypt
Oct 20, 2016 (UPI)
British energy services company Subsea 7 said it secured a contract valued at more than $150 million for work offshore Egypt, four months after deep staff cuts....
Libyan oil is a 'red herring', economist says
Oct 20, 2016 (UPI)
There are too many risk factors at play to express any sense of real optimism about a full market return for Libya's oil, the Royal Bank of Canada said. In a we...
LNG considered for maritime shipper fuel
Oct 19, 2016 (UPI)
French energy company ENGIE said it was moving on efforts to promote liquefied natural gas as an alternative fuel source for maritime shippers. The energy compa...
Halliburton turns a profit
Oct 19, 2016 (UPI)
Oilfield services company Halliburton said Wednesday it turned a profit after a downturn in the industry characterized by its CEO as devastating. Halliburton sa...
No basis to Greenpeace claims, Norway says
Oct 19, 2016 (UPI)
In response to a lawsuit brought by environmental groups, the Norwegian government said there were no grounds to support an about face on Arctic oil. The Norweg...
Solid earnings from energy players lift oil prices
Oct 19, 2016 (UPI)
Upbeat sentiment expressed by some of the largest energy companies in the world helped push crude oil prices into rally mode in early Wednesday trading. "We hav...
BHP Billiton sees market balance approaching
Oct 19, 2016 (UPI)
The energy market should improve over the next year or so as signs of rebalancing appear on the horizon, Australian company BHP Billiton said. The company, amon...
UBC research offers faster way to confirm safety of oil and gas pipelines
Oct 19, 2016 (SPX)
A simple vibration test can help oil and gas companies prevent pipeline spills in a way that is faster and cheaper than conventional methods, a UBC study shows....
Iran sees Maersk role in South Pars oil effort
Oct 19, 2016 (UPI)
Iran said it's reached out to Danish energy company Maersk to coordinate on ways to get oil out of the South Pars reservoir in the Persian Gulf. According to st...
More reserves uncovered in Norwegian waters
Oct 18, 2016 (UPI)
A day after confirming a new discovery of natural resources in the North Sea, the Norwegian government said more oil was uncovered in the Norwegian Sea. The Nor...
Relief finally coming at the pump
Oct 18, 2016 (UPI)
Seasonal trends in retail prices may finally be taking hold in the U.S. gasoline market as prices drop for 10 straight days, motor club AAA said. AAA reports a ...
BP's Dudley: It's not demand that's the problem
Oct 18, 2016 (UPI)
BP's top executive said at an energy conference in London on Tuesday that headwinds for the oil and gas industry were present in the form of oversupply. BP CEO ...
Greenpeace sues Norway over Arctic oil
Oct 18, 2016 (UPI)
Environmental group Greenpeace said Tuesday it filed a lawsuit against the Norwegian government for giving energy companies consent to drill in Arctic waters. T...
Cuban oil explorer lifted by easing U.S. sanctions
Oct 18, 2016 (UPI)
One of the few foreign energy companies working in Cuba said the momentum is moving in its favor as the U.S. government eases restrictions on its Cold War foe. ...
Oil prices rise as OPEC chatter strikes again
Oct 18, 2016 (UPI)
Oil prices moved higher in early Tuesday trading as OPEC interjected itself back into the market conversation by reiterating prospects for a production freeze. ...
Activists sue Norway over Arctic oil drilling
Oct 18, 2016 (AFP)
Environmental groups filed a lawsuit against energy-rich Norway on Tuesday to stop oil drilling in the Barents Sea. Greenpeace Nordic and Norwegian group Natur ...
Fitch Ratings latest to grimace at Nigeria's economy
Oct 17, 2016 (UPI)
Contraction in the Nigerian economy, brought on in part by weaker oil prices, may make it difficult for the government to control its debt, Fitch Ratings said. ...
British energy supplier SSE loosens grip on gas business
Oct 17, 2016 (UPI)
British energy supplier SSE said it agreed to sell off a portion of its regional gas distribution business to an Abu Dhabi investment entity. For nearly $775 mi...
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