OIL

10,863 articles

Restructuring Iraqi oil player seeking more capital
Aug 31, 2016 (UPI)
A potential takeover target, Iraqi-focused company Gulf Keystone Petroleum said it was offering up common shares in an effort to raise more capital. "The compan...
Retail gas prices rally ahead of U.S. travel holiday
Aug 30, 2016 (UPI)
Retail gasoline prices in the United States are on the rise ahead of the last major travel holiday season of the year, motor club AAA reported. The national ave...
Shell takes cash offer for Gulf of Mexico assets
Aug 30, 2016 (UPI)
In a deal that included $425 million in cash, Royal Dutch Shell said it sold off its entire stake in assets held in the U.S. waters of the Gulf of Mexico. Shell...
Colorado ballot measures on oil, gas stalled
Aug 30, 2016 (UPI)
A petition to curb Colorado oil and gas activity failed to make it to the November ballot, a push a pro-energy group said was a "short-sighted" effort. The Colo...
Uganda expects billions of dollars in oil investments
Aug 30, 2016 (UPI)
The Ugandan government said Tuesday it awarded petroleum production licenses to companies expected to invest billions of dollars in oil development. The governm...
Oil prices edge higher on Gulf of Mexico weather woes
Aug 30, 2016 (UPI)
Crude oil prices ticked higher in early Tuesday trading amid weather concerns in the U.S. Gulf of Mexico and Saudi Arabian pivots toward Asia. Crude oil prices ...
Expect invitations next month, Iran tells energy companies
Aug 30, 2016 (UPI)
Iran in September will send out invitations to energy companies to vet interest in the first contracts in the post-sanctions area, a director said Tuesday. Iran...
Kremlin: Nothing yet on privatizing oil company
Aug 30, 2016 (UPI)
The Kremlin has yet to make any definitive decisions on the privatization of one of the country's bigger oil companies, a presidential spokesman said Tuesday. T...
Air contamination near fracking sites result of operational inefficiencies
Aug 29, 2016 (SPX)
Chemists at the University of Texas at Arlington have published a new study that indicates that highly variable contamination events registered in and around un...
North Dakota rig count lower for fourth straight week
Aug 29, 2016 (UPI)
As oil prices steady, state data show the number of rigs actively exploring for or producing oil and gas in North Dakota declined for the fourth straight week. ...
Statoil: Expect more for less at Johan Sverdrup
Aug 29, 2016 (UPI)
The cost to develop the giant Johan Sverdrup oil field offshore Norway has improved so that it will be competitive at lower oil prices, the operator said. Devel...
Tehran: We'll survive era of low oil prices
Aug 29, 2016 (UPI)
Iran is one of the major oil producers whose economy has been least damaged by the decline in crude oil prices, the country's finance minister said. A recent re...
Sinopec blames slow economic growth for slump
Aug 29, 2016 (UPI)
China's Sinopec, one of the largest companies of its kind, said weak global economic recovery was in part behind its 13 percent decline in operating profit. The...
Exposure to chemicals released during fracking may harm fertility
Aug 29, 2016 (SPX)
More than 15 million Americans live within a one-mile radius of unconventional oil and gas (UOG) operations. UOGs combine directional drilling and hydraulic fra...
Oil prices lower on Yellen hangover
Aug 29, 2016 (UPI)
Crude oil prices moved sharply lower to start the trading day Monday as jitters carried over from last week's U.S. Federal Reserve statements on interest rates....
Ailing but oil-rich Kazakhstan lent a hand
Aug 29, 2016 (UPI)
A multimillion dollar loan will help Kazakhstan, home to one of the world's largest oil fields, connect better with neighboring trade routes, a lender said. The...
Dakota Access Pipeline poses an 'existential' threat
Aug 26, 2016 (UPI)
Environmental and tribal groups protesting an oil pipeline from North Dakota said in a letter to the White House it poses a threat to their existence. Tribal gr...
EIA: OPEC oil revenue down nearly 50 percent
Aug 26, 2016 (UPI)
Net revenue for members of the Organization of Petroleum Exporting Countries from oil dropped nearly 50 percent year-on-year, U.S. analysis found. Crude oil pri...
2017 will be clearer, offshore drilling company says
Aug 26, 2016 (UPI)
There are signs of stability in offshore exploration and production, but it may be next year before any real indications surface, a London-managed driller said....
API: U.S. gas a strategic asset
Aug 26, 2016 (UPI)
With U.S. Vice President Joe Biden touting diversity in the European energy market, an industry group said exports from U.S. ports could be a strategic interest...
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