OIL

10,863 articles

Tullow: Losses from fault at Ghanaian oil field covered
Sep 23, 2016 (UPI)
Tullow Oil, a company operating one of the larger oil fields offshore West Africa, said it was working to recoup losses from an equipment failure this year. Tul...
Multilateral support for more Libyan oil
Sep 23, 2016 (UPI)
Plans by Libya to increase oil production and exports to the global market are a welcome step toward stability, a multilateral statement read. Two tankers with ...
U.N. steps into Dakota oil pipeline fight
Sep 23, 2016 (UPI)
The U.S. government is called on to stop the construction of the Dakota Access oil pipeline because of threats to the aboriginal community, a U.N. envoy said. V...
Eni adds renewable energy to Algerian portfolio
Sep 23, 2016 (UPI)
Italian energy company Eni said it was extending its pioneering work in Algeria by becoming the first company to wade into the solar energy field. Claudio Desca...
Helicopter safety on Statoil's radar after fatal April accident
Sep 23, 2016 (UPI)
Norwegian energy company Statoil said it would learn from the lessons on stove-piping after publishing findings from a fatal April offshore accident. A helicopt...
Iraq-focused Gulf Keystone Petroleum ready to rise
Sep 22, 2016 (UPI)
Iraq-focused oil player Gulf Keystone Petroleum said it was on the cusp of recovery with its strong position in a field that was doing better than expected. The...
No oil production cuts on table, Russia says
Sep 22, 2016 (UPI)
Russia's energy minister said Thursday there are no proposals on the table to cut crude oil production, though a move to hold levels steady is under review. Min...
Crude oil riding the Yellen train
Sep 22, 2016 (UPI)
Crude oil prices moved higher in early Thursday trading after strong labor data from the United States lent support to a possible rate hike later this year. U.S...
Fossil fuel reserves would crush climate goals: report
Sep 22, 2016 (AFP)
Developed oil, gas and coal reserves, if exhausted, are enough to push Earth well past the threshold for dangerous climate change, according to a report publish...
Maersk splits in two
Sep 22, 2016 (UPI)
Danish group A.P Moeller-Maersk said Thursday it was splitting the company in two, with its oil-related business spinning off to focus on the North Sea. The com...
US and regional powers urge Libya not to fight over oil
Sep 22, 2016 (AFP)
The world powers that support Libya's fledgling government urged the country to unite Thursday as rival armed groups jockey for control of its oil exports. Inte...
Norway leaves rates unchanged
Sep 22, 2016 (UPI)
The central bank for the oil-rich economy in Norway said Thursday it was keeping its key policy rate unchanged, reflecting a steady level for crude oil prices. ...
Evidence of well water contamination in Eagle Ford Shale region
Sep 22, 2016 (UPI)
Chemists have found signs of contamination in well water samples collected throughout the Eagle Ford Shale region in Texas. Scientists found evidence of dissolv...
Rig builder Lamprell said it's able to weather the storm
Sep 22, 2016 (UPI)
Rig builder Lamprell said it was able to post a profit during a rough patch for the industry and was in a strong position to ride out the oil market storm. "In ...
Exxon settles over 2011 Yellowstone River oil spill
Sep 22, 2016 (UPI)
Exxon Mobil under the terms of a joint agreement settled for $12 million for the 2011 oil spill that spoiled a section of the Yellowstone River, officials said....
Russia lays plans for oil in Caspian Sea
Sep 21, 2016 (UPI)
Just days after reaching out to Iran, Russian energy Lukoil said it plans to start producing oil from territorial waters in the Caspian Sea. Russian oil company...
India's government backs gas pipeline build
Sep 21, 2016 (UPI)
The government in New Delhi said it was committed to covering about 40 percent of the capital investments needed to build natural gas links in the country. An e...
Alaska to ship LNG by rail
Sep 21, 2016 (UPI)
On Tuesday, an Alaskan rail company said it will become the first of its kind in the United States to haul cargo of liquefied natural gas. Alaska Railroad said ...
Scotland offers assurances to energy sector
Sep 21, 2016 (UPI)
The Scottish government said Wednesday it would work to build confidence in the energy sector given the uncertainty tied to Britain's vote to leave the EU. "We ...
Oil prices rally on inventory data
Sep 21, 2016 (UPI)
Oil prices moved higher in early Wednesday trading after an industry report showed a large decline in crude oil inventories in the United States. The American P...
Buy Advertising About Us Editorial & Other Enquiries Privacy statement
The content herein, unless otherwise known to be public domain, is Copyright 1995-2026 Space Media Network. All websites are published in Australia and are solely subject to Australian law and governed by Fair Use principles for news reporting and research purposes.