OIL

10,863 articles

OPEC rumors catch up with U.S. gas prices
Aug 16, 2016 (UPI)
Rumors of possible action from major oil-producing nations are spilling over to the retail sector, putting upward pressure on U.S. fuel prices, analysts said. M...
Wood Group helps get Kazakh oil flowing
Aug 16, 2016 (UPI)
Following three years of activity there, oilfield services company Wood Group said a $700 million contract in Kazakhstan will support the launch of a major oil ...
BHP Billiton had a challenging year
Aug 16, 2016 (UPI)
Australian company BHP Billiton, the largest of its kind, said Tuesday it expected payoffs from fiscal discipline after reporting its worst-ever loss. The compa...
Brazil to get help with hard-to-reach black gold
Aug 16, 2016 (UPI)
French engineering company Technip said it started work on a contract that could help Brazilian oil company Petrobras tap hard-to-reach offshore reserves. Techn...
North Dakota rig count lower for second week
Aug 15, 2016 (UPI)
As of Monday, the number of rigs actively exploring for or producing oil and natural gas in North Dakota was lower for a second straight week, state data show. ...
Kremlin determined after Polish gas pipeline decision
Aug 15, 2016 (UPI)
Expanding the Nord Stream gas pipeline through the Baltic Sea is certain to diversify the regional energy market, the Russian foreign minister said Monday. Russ...
Cuban oil surveys progressing
Aug 15, 2016 (UPI)
A study assessing the resource potential for parts of Cuba is progressing as planned and quickly becoming a key portfolio component, MEO Australia said. The Aus...
Iran touts strong economic growth
Aug 15, 2016 (UPI)
Not counting the contributions from oil, the Iranian economy grew 4.4 percent in the three months ending March 20, the government said. The Iran Statistics Cent...
North Sea labor strikes suspended
Aug 12, 2016 (UPI)
Labor strikes over pay for North Sea oil workers are suspended while all parties to the dispute sit down for a new round of talks, lead negotiators said. Strike...
Islamic State oil commander dead
Aug 12, 2016 (UPI)
A commander in charge of oil for the Islamic State was killed in operations led by multilateral forces near the Syrian border, the Kurdish government said. The ...
U.S. oil more resilient than thought
Aug 12, 2016 (UPI)
Some of the oil reserves in the United States may be more resilient to weak oil prices and show slow, but steady, production gains, a federal report finds. A re...
Rosneft taps into Vietnamese gas field
Aug 12, 2016 (UPI)
After boasting of production gains, a Vietnamese subsidiary of Russian oil company Rosneft said it completed drilling operations at an offshore field. Rosneft V...
Another volatile start for crude oil prices
Aug 12, 2016 (UPI)
Crude oil prices started another trading day in volatile territory Friday as investors took stock of European economic data and OPEC policy questions. Crude oil...
Maersk profits 'significantly lower'
Aug 12, 2016 (UPI)
Danish shipping and oil company A.P. Moller-Maersk said its revenue declined more than 10 percent in the second quarter because of the decline in oil prices. Th...
Advocates defend Colorado oil and gas ballot measures
Aug 11, 2016 (UPI)
Initiatives on oil and gas operations in Colorado will make their way to the November ballot despite questions about support, environmental groups said. A coali...
Volatile start for oil prices after mixed IEA report
Aug 11, 2016 (UPI)
Crude oil prices were swinging up and down in the early rounds of Thursday trading after a new report showed a fluid situation in the global energy market. A re...
Saskatchewan city starts claims process after oil spill
Aug 11, 2016 (UPI)
Husky Energy is called on to come forward with the finances necessary to offset the costs associated with a July oil spill, a Saskatchewan city government said....
Australia counting on offshore oil, gas for economy
Aug 11, 2016 (UPI)
The more than two dozen areas opened up to energy explorers off the western coast of Australia could help with global energy ambitions, a minister said. The gov...
Texas shale basin left behind
Aug 11, 2016 (UPI)
Leaving part of a Texas oil and natural gas shale basin will free up potentially more than a billion dollars in financial commitments, Chesapeake Energy said. C...
Statoil to develop cross-border gas field
Aug 11, 2016 (UPI)
Developing a natural gas basin straddling the maritime borders of the United Kingdom and Norway will be a win-win for the industry and Oslo, a regulator said. T...
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