OIL

10,863 articles

Russia credits more drilling for production increase
Aug 11, 2016 (UPI)
Russian oil company Rosneft said its overall hydrocarbon production for the second quarter of the year was on the rise thanks in part to a drilling boom. Produc...
Europe helps fund non-Russia gas line for Finland
Aug 10, 2016 (UPI)
The European Commission said it was allocating funding to end Finland's energy isolation, one day after new life emerged for a Russian pipeline for Europe. The ...
NATO allies concerned for Libyan oil
Aug 10, 2016 (UPI)
A joint statement from NATO allies called on all parties to the hostilities in Libya to work to ensure damage or disruption to oil installations is prevented. A...
More oil pulled from far north Russia
Aug 10, 2016 (UPI)
A Russian energy company said it boosted its daily production levels from an Arctic oil field after the completion of drilling two new wells. A subsidiary of Ru...
Bad second quarter for OMV
Aug 10, 2016 (UPI)
Austrian energy company OMV said it was upbeat on production but its results for the second quarter were down substantially because of lower oil prices. OMV sai...
Texas to streamline rules to help energy sector
Aug 10, 2016 (UPI)
A Texas state energy regulator said it was cutting some of the red tape so those working in the oil and gas industry could better survive the downturn. The Texa...
Stimulus package emerges for scorched parts of Canada
Aug 10, 2016 (UPI)
Still recovering from wildfires that caused mass evacuations, the provincial government in Alberta said it was introducing a stimulus package for businesses. "T...
Oil prices move higher after OPEC expects demand to build
Aug 10, 2016 (UPI)
Crude oil prices moved slightly higher at the start of trading Wednesday after a monthly report from OPEC showed a slight increase in overall demand. The Organi...
Statoil starts drilling work above Arctic Circle
Aug 09, 2016 (UPI)
Norwegian energy company Statoil said it started drilling operations at a field above the Arctic Circle to prepare to rebuild area natural gas stocks. Statoil s...
Chinese workers released after Nigeria kidnap
Aug 09, 2016 (AFP)
Two Chinese nationals kidnapped by gunmen near Nigeria's capital, Abuja, last weekend have been released, police said Tuesday. The men, who are aged 45 and 50 a...
Banks a 'pipeline' to low-carbon future
Aug 09, 2016 (UPI)
Contributions from multilateral lending facilities are the "pipeline" to a global low-carbon future, an official at the Asian Development Bank said. A joint rep...
Russia sees tighter energy ties with Iran, Azerbaijan
Aug 09, 2016 (UPI)
Projects meant to exploit the strategic position of the Caspian Sea and its oil and natural gas are national priorities, Azerbaijan, Iran and Russia said. The I...
Chevron: Game up -- again -- in Ecuador
Aug 09, 2016 (UPI)
U.S. supermajor Chevron Corp. said it was victorious in a long-running legal battle against alleged misconduct in Ecuador and a fraudulent lawyer. The U.S. Cour...
Colorado voters to see oil, gas limits on ballot
Aug 09, 2016 (UPI)
Colorado voters may see issues on the November ballot on oil and gas development, an issue both sides of the debate said is important for state interests. Suppo...
Oil bubble struggles to hold air
Aug 09, 2016 (UPI)
Oil prices were relatively flat in the early rounds of trading Tuesday as market watchers pulled back the curtain on momentum for supply and demand. Crude oil p...
Midwest states skew gas price average higher
Aug 09, 2016 (UPI)
An issue at a BP refinery in Indiana and an uptick in road travel strained supplies, though retail prices are holding relatively stable overall, AAA said. The m...
Chevron wins key US appeal in Ecuador pollution case
Aug 08, 2016 (AFP)
Chevron scored a win Monday in US appeals court, blocking enforcement of a $9.5 billion judgment in Ecuador against the US oil giant over pollution in the South...
DNO shorted for Kurdish oil exports
Aug 08, 2016 (UPI)
Norwegian energy company DNO said it received from the government a partial payment for the oil it exported in June from the Kurdish north of Iraq. The company ...
New ceramic membrane enables first direct conversion of natural gas to liquids without CO2
Aug 08, 2016 (SPX)
CoorsTek, the world's leading engineered ceramics manufacturer, today announced that a team of scientists from CoorsTek Membrane Sciences, the University of Osl...
Dozens of IS oil tankers destroyed in Syria strike: US
Aug 08, 2016 (AFP)
A coalition air strike destroyed 83 oil tankers used by the Islamic State group over the weekend in eastern Syria, the US military announced Monday. Pentagon sp...
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