OIL

10,863 articles

Transocean's latest rig contract revised lower
Jul 22, 2016 (UPI)
Offshore rig company Transocean revealed it started on a new contract for drilling in the deep waters of the U.S. Gulf of Mexico, though at a reduced day rate. ...
Polish antitrust body wary of Nord Stream II
Jul 22, 2016 (UPI)
An expansion to a Russian natural gas pipeline in the Baltic Sea, Nord Stream, would inhibit market competition, a Polish antitrust authority said Friday. The P...
Oil prices drift lower, balancing modest industry optimism
Jul 22, 2016 (UPI)
Crude oil prices held relatively flat at the start of trading Friday, with modestly upbeat industry sentiment balancing against lingering European concerns. Ear...
Environmental groups blast Enbridge for 2010 spill
Jul 21, 2016 (UPI)
A $177 million settlement for oil spills in 2010 in the Great Lakes states serves as a warning of the dangers of shipping heavy oils, environmental groups said....
Oil prices drift lower as Europe weighs economic risks
Jul 21, 2016 (UPI)
Crude oil prices drifted lower in early Thursday trading after the European Central Bank said downside risks are lingering in the regional economy. In its first...
Chevron to send more gas to China
Jul 21, 2016 (UPI)
Starting in 2018, U.S. energy company Chevron Corp. said it will start shipping liquefied natural gas to a Chinese counterpart under the terms of a new deal. "T...
Oil Search drops efforts in Papua New Guinea gas
Jul 21, 2016 (UPI)
Oil Search Ltd. said it wouldn't counter an offer made for a rival tied to liquefied natural gas assets in Papua New Guinea following a bidding war. "Given the ...
Encana Corp. said to expect more drilling
Jul 21, 2016 (UPI)
Spending on exploration and production is going up after second quarter operations turned into positive cash flow, shale oil and gas producer Encana Corp. said....
Woodside Petroleum expecting third quarter recovery
Jul 21, 2016 (UPI)
Australian energy company Woodside said it was posting lower revenues for the second quarter because of a lag-time in product price recovery. Woodside Petroleum...
Ohio shale fueling job growth, API director says
Jul 20, 2016 (UPI)
Labor growth in Ohio, the state hosting the Republican nominating convention, is in parts thanks to the extraction of natural gas, an industry leader said. Jack...
Halliburton: Our strategy is working
Jul 20, 2016 (UPI)
Despite paying billions of dollars after a failed merger effort with a rival, oilfield services company Halliburton said its strategy is working. Halliburton Ch...
Russia revisits oil pipeline to avoid Black Sea
Jul 20, 2016 (UPI)
Russia could revisit a land-based oil pipeline meant to get around Turkish waterways if the political situation worsens, a Russian executive said. Nikolai Tokar...
Enbridge to pay $177 million for US oil pipeline spills
Jul 20, 2016 (AFP)
Canadian pipeline giant Enbridge Inc. has agreed to pay $177 million to settle claims stemming from two major oil spills in the United States in 2010, US author...
Oil prices lower on weak demand
Jul 20, 2016 (UPI)
Consumer demand is still not drawing inventories of petroleum products lower, sending crude oil prices sharply downward in early Wednesday trading. Crude oil pr...
Scotland worried by economic pressures from Brexit
Jul 20, 2016 (UPI)
The Scottish economy is showing signs of stamina, but uncertainty from the exit from the European Union hangs over momentum, a minister said. The Scottish gover...
BHP lowers expectations for petroleum
Jul 20, 2016 (UPI)
Australian mining and energy company BHP Billiton said it was ready to pounce at core U.S. assets once conditions improve for energy prices. BHP reported total ...
Total assessing Exxon bid on Papua New Guinea
Jul 20, 2016 (UPI)
French energy company Total said it was taking note of a competing offer for Papua New Guinea gas partner InterOil made by U.S. rival Exxon Mobil. Exxon this we...
Oil prices mixed on IMF pessimism and supply constraints
Jul 19, 2016 (UPI)
Security concerns in Turkey and Libya balanced against a grim report from the International Monetary Fund, leaving oil prices mixed in early Tuesday trading. Th...
Tesoro to pay $425 million over air quality violations
Jul 19, 2016 (AFP)
US oil refining group Tesoro Corp. reached a $425 million settlement Monday with the Justice Department and the US Environmental Protection Agency to resolve ai...
Former Apache boss nabs Cabinet job in Alaska
Jul 19, 2016 (UPI)
A veteran oil and gas executive with experience at BP and Apache Corp. is the next member of the state Cabinet, Alaska Gov. Bill Walker said. Walker appointed J...
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