OIL

10,863 articles

Statoil completes sale of Marcellus acreage
Sep 16, 2016 (UPI)
Norwegian energy company Statoil said it retained some of its shale acreage in the United States, but completed a sale Friday of assets in West Virginia. Statoi...
Oil downturn nearly over, Norway says
Sep 15, 2016 (UPI)
Though crude oil prices aren't expected to hit the $60 range until 2019, the Norwegian government said its economy has started to move out of a standstill. The ...
More for drillers in U.S. Gulf of Mexico
Sep 15, 2016 (UPI)
The U.S. federal government said it plans to sell off millions of acres of offshore areas to drillers in an effort to stimulate domestic oil and gas production....
Traders selling dangerously dirty fuel across Africa: study
Sep 15, 2016 (AFP)
European oil companies, especially Swiss commodity traders, are exploiting weak African fuel standards by selling toxic diesel and gasoline across the continent...
Before energy exhibit, sanctions ease for Myanmar
Sep 15, 2016 (UPI)
Months before planners hold an oil and gas exhibit there, the U.S. government said it was opening the economic doors for a reforming Myanmar. U.S. President Bar...
UN demands South Sudan cooperate on regional force
Sep 15, 2016 (AFP)
The UN Security Council on Wednesday urged South Sudan's government to take immediate steps to allow a new regional force to deploy in Juba as it weighed imposi...
Rosneft to go private by year's end
Sep 15, 2016 (UPI)
Russian oil producer Rosneft is on pace to become a private enterprise by the end of the year, a Russian economic official declared Thursday. The Kremlin has be...
Shell leaves refinery business in Denmark
Sep 15, 2016 (UPI)
For about $80 million in capital, Royal Dutch Shell said Thursday it was keeping its upstream Danish interests in check, but unloading a refinery operation. She...
Senegal the next big thing in oil, company says
Sep 14, 2016 (UPI)
Emerging oil and gas basins in and around the waters off the West African coast in Senegal are the world's next hot spots, an Australian energy company said. Au...
Canada: We must adapt to low growth
Sep 14, 2016 (UPI)
The faster the economy of oil-rich Canada adjusts to slower growth, the more secure the situation will be, a senior central bank official said Wednesday. "We ha...
Scotland keeps eye on EU, touts oil and gas performance
Sep 14, 2016 (UPI)
While keeping its eyes on the European Union, the Scottish government touted the performance of North Sea energy in the era of lower oil prices. The government ...
Industry stands for Dakota Access pipeline
Sep 14, 2016 (UPI)
Industry leaders said moving forward with the Dakota Access pipeline is central to keeping the U.S. shale oil sector a strong component of the national economy....
Iran banking hobbled by Western reluctance to engage
Sep 14, 2016 (AFP)
Despite hopes of a new dawn for Iran's economy after nuclear-related sanctions were lifted, major Western banks are reluctant to do business with the Islamic re...
Mexico unveils new oil finds
Sep 14, 2016 (UPI)
New discoveries made off the eastern coast of Mexico have the potential to produce more than 20,000 barrels of oil per day, the state energy company said. Mexic...
Upstream energy sector crumbling
Sep 13, 2016 (UPI)
The number of struggling companies tied to the exploration and production side of the energy sector has nearly doubled, Moody's Investors Service found. "The ju...
Spare Libyan oil, NATO allies say
Sep 13, 2016 (UPI)
NATO allies called on parties to the conflict in Libya to immediately abandon any hostile action that may jeopardize energy infrastructure and oil exports. The ...
Oklahoma ramps up energy response to earthquakes
Sep 13, 2016 (UPI)
Oklahoma regulators, working in coordination with federal authorities, closed down more wells in the state in response to an early September earthquake. The U.S...
Statoil revives plans for offshore giant
Sep 13, 2016 (UPI)
Operations at one of the largest fields on the Norwegian continental shelf will create economic ripples, though market vulnerabilities remain, Statoil said. Nor...
Kiev vows to avoid Russian gas pressures
Sep 13, 2016 (UPI)
Past contractual pressures from Russia won't resurface as Ukraine becomes energy independent in the next five years, the prime minister said. Ukrainian Prime Mi...
Balance sentiments pull oil prices lower
Sep 13, 2016 (UPI)
A sluggish forecast for global oil demand and a corresponding positive turn for production helped push oil prices lower in early trading Tuesday. Crude oil pric...
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