OIL

10,863 articles

Gas lines hit by military shells in eastern Ukraine
Aug 19, 2016 (UPI)
Russian media Friday reported three natural gas pipelines in the self-proclaimed eastern Ukrainian republic of Donetsk were damaged by artillery fire. A regiona...
Australia's Santos takes a $1.1 billion loss
Aug 19, 2016 (UPI)
Acknowledging there's more work to do in the market downturn, Australian energy company Santos said it was moving forward with tight purse strings. The third-la...
Statoil rolls out North Sea development plans
Aug 19, 2016 (UPI)
Norwegian energy company Statoil said Friday it planned to spend more than $100 million to tap into new a oil and gas discovery in the North Sea. Statoil and it...
DNO touts advantage of merging with Gulf Keystone Petroleum
Aug 18, 2016 (UPI)
If accepted, a merger with Gulf Keystone Petroleum, an Iraqi-focused company, would provide an advantage in terms of reserves, Norway's DNO said. DNO, a Norwegi...
Brent crude oil breaks through $50
Aug 18, 2016 (UPI)
Brent crude oil prices were on pace to hold above the psychological threshold of $50 per barrel as bullish sentiments gained momentum early Thursday. Following ...
Gulf of Mexico still essential for energy
Aug 18, 2016 (UPI)
The deep waters of the U.S. Gulf of Mexico continue to be one of the more prolific sources of oil and natural gas, the federal government said. "The Gulf of Mex...
Oil now flowing from offshore Ghana
Aug 18, 2016 (UPI)
One of the bigger oil projects off the coast of West Africa has started production from a floating facility offshore Ghana, Tullow Oil announced Thursday. "I am...
Continental Resources sells acreage to balance books
Aug 18, 2016 (UPI)
The estimated $222 million received from the sale of shale acreage in North Dakota and Montana will help balance the books, Continental Resources said. One of t...
Nigerian oil output may stay low through 2017
Aug 18, 2016 (UPI)
Nigerian crude oil production will likely remain suppressed by militant activity at least through next year, a report from the U.S. government said. The most ac...
Oil prices mixed after steep losses overnight
Aug 17, 2016 (UPI)
Crude oil prices migrated toward positive territory after steep overnight losses Wednesday emerged as analysts mulled the prospects of OPEC price action. Crude ...
Iran reviewing oil swaps with Caspian neighbors
Aug 17, 2016 (UPI)
Halted since 2012, Iran aims to resume oil swaps with its neighbors sharing borders with the Caspian Sea, a northern Iranian oil terminal agency said. The offic...
BP reaches new heights offshore Azerbaijan
Aug 17, 2016 (UPI)
A BP subsidiary working in the Caspian Sea announced it reached a landmark for oil pulled from Azeri waters with its 3 billionth barrel. BP's regional office fo...
More North Sea oil pending
Aug 17, 2016 (UPI)
Sending samples off to a Scottish testing site is an important step in confirming millions of barrels of oil for development, a North Sea-focused company said. ...
Statoil tracking toward low-carbon future
Aug 17, 2016 (UPI)
Because it accounts for the bulk of the emissions for producers, Norwegian energy company Statoil said it was laying the groundwork for a low-carbon future. Act...
Methane leaks: A new way to find and fix in real time
Aug 17, 2016 (SPX)
Researchers have flown aircraft over an oil and gas field and pinpointed - with unprecedented precision - sources of the greenhouse gas methane in real time. Th...
No such thing as idled, U.S. tells pipeline operators
Aug 17, 2016 (UPI)
Pipeline operators need to ensure safety is centered around either active or abandoned status as idled is not recognized by law, the U.S. government said. The U...
Indonesia says oil tanker 'taken by crew' not hijacked
Aug 17, 2016 (AFP)
An oil tanker carrying 900,000 litres of diesel, believed hijacked in Malaysia, has been taken back to Indonesia by its crew following a commercial dispute, the...
More drilling starts in the North Sea
Aug 16, 2016 (UPI)
London-listed Faroe Petroleum said it started an exploration program in the North Sea with its Norwegian partners as the region stages production gains. Faroe P...
Senegal oil continues to impress Cairn Energy
Aug 16, 2016 (UPI)
A lower cost of doing business offshore Senegal means operations can gain momentum at the same time that reserve estimates grow, Cairn Energy said. The company ...
Oil prices choppy on steady consumer price index
Aug 16, 2016 (UPI)
A long run in the positive direction for oil prices was interrupted early Tuesday after U.S. data show little to no movement in the world's biggest economy. Yea...
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