OIL

10,863 articles

Canada approves $36 bn LNG project, eyes Asia
Sep 28, 2016 (AFP)
Canada approved on Tuesday a massive Can$36 billion ($27 billion USD) project by Malaysia's Petronas to build a liquefied natural gas pipeline along its Pacific...
Chevron searching for bodies after crash offshore Angola
Sep 28, 2016 (UPI)
At least four people are dead and two are unaccounted for after a helicopter crashed on its way to an oil platform offshore Angola, Chevron confirmed. A spokesp...
Weatherford cheated investors, SEC says
Sep 28, 2016 (UPI)
Oilfield services Weatherford International agreed to pay a penalty to settle charges it inflated its earnings reports to align with projections, the SEC said. ...
Shell adds capacity to Gulf of Mexico portfolio
Sep 28, 2016 (UPI)
Dutch supermajor Shell said it was spending $350 million to increase its holdings over two companies with strong positions in the U.S. Gulf of Mexico. Shell pay...
Record demand, pipeline issues pull gas prices higher
Sep 27, 2016 (UPI)
Following a robust month for demand, an expected drop in U.S. retail gasoline prices was delayed by pipelines issues in the south, a market report said. Motor c...
Giant Kazakh oil field to be in production by year's end
Sep 27, 2016 (UPI)
A spokesperson for a company overseeing the giant Kashagan oil field in the Kazakh waters of the Caspian Sea said production will resume by year's end. Kazakh E...
French energy company grabs Chinese gas agreement
Sep 27, 2016 (UPI)
French energy company ENGIE said it was enhancing its position in the market for liquefied natural gas by securing an agreement with partners in China. The Fren...
Russian investigative journalist says attacked in Siberia
Sep 27, 2016 (AFP)
Russian investigative journalist Grigory Pasko, who was jailed for espionage for exposing radioactive pollution by the navy, said Tuesday he was hit on the head...
Growth rate cut for one of OPEC's newest members
Sep 27, 2016 (UPI)
The economy of Indonesia, one of the newest members of OPEC, is on the decline, but could recover as policy reforms take hold, the Asian Development Bank said. ...
Vitol unloads Texas shale interests
Sep 27, 2016 (UPI)
Global energy trader Vitol said it was leaving Texas shale in good hands following a sale of its holdings to pipeline operator Sunoco Logistics. "Sunoco Logisti...
Low growth estimate from WTO pulls oil prices lower
Sep 27, 2016 (UPI)
Crude oil prices moved lower in early Tuesday trading amid dimming prospects for an oil production agreement in Algeria and a drop in global growth estimates. M...
British energy group pleads for support
Sep 27, 2016 (UPI)
Oil and gas exploration activity off the British coast is at a record low and the government needs to step in with its full weight, an industry body said. "The ...
Rig company Lamprell gets crack at Johan Sverdrup
Sep 26, 2016 (UPI)
After touting its resiliency in a depressed market, Emirati rig builder Lamprell said it secured work for one of the largest oil fields off the Norwegian coast....
Pemex tanker listing after fire in Gulf of Mexico
Sep 26, 2016 (UPI)
In the latest in a string of accidents, a Mexican oil company said insurance companies are ready to act and investigators are on scene after a fuel tanker fire....
Frack Sand: The Unsung Hero Of The OPEC Oil War
Sep 26, 2016 (SPX)
The late-2014, Saudi-initiated oil-price war may have taken the 'boom' out of the US shale industry as it seriously threatened OPEC market share, but Saudi vict...
Anxiety enough to push oil prices higher
Sep 26, 2016 (UPI)
Crude oil prices inched higher in early trading Monday even as Iran dismissed any idea of coordinated action by major producers to stimulate the market. Market ...
Jordan secures contract for gas from Israel's Leviathan field
Sep 26, 2016 (UPI)
A Jordanian power company has agreed to a take-or-pay scheme tied to the imports of natural gas from the Leviathan field offshore Israel, Noble Energy said. Nob...
Russia: Oil production freeze not essential
Sep 26, 2016 (UPI)
It's not essential to use artificial action on the energy market to correct the imbalance between supply and demand, Russia's energy minister said from Algeria....
Texas oil production up slightly from early summer
Sep 26, 2016 (UPI)
Texas crude oil production data show some recovery under way, though output is still lower than last year, a state regulatory agency reported. The Texas Railroa...
Peruvian authorities report two oil spills in Amazon
Sep 25, 2016 (AFP)
Peruvian officials reported two new oil spills in the country's Amazon on Sunday, bringing this year's total to seven. Both spills happened in the northern Lore...
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