OIL

10,863 articles

Companies getting good at life at $50 per barrel
Jul 13, 2016 (UPI)
Energy companies are growing accustomed to low oil prices, though some projects still may be left on the shelf if markets stay put, Wood Mackenzie finds. Citing...
Colorado touts labor sector performance
Jul 13, 2016 (UPI)
Despite a revenue stream under pressure from low oil prices, a Colorado study finds an educated work force means earnings are higher than the national average. ...
Another win for services company Wood Group
Jul 13, 2016 (UPI)
Scottish oil and gas services company Wood Group said it built on its trajectory during the market downturn by landing a contract extension in the North Sea. Th...
Iran extends energy hand to Europe
Jul 13, 2016 (UPI)
Iran could step in to help address European energy security concerns once the doors to financial regimes open, the speaker of the Iranian parliament said. Speak...
EIA: Gas prices peaked in June
Jul 13, 2016 (UPI)
Retail gasoline prices in the United States should hold more or less steady through the end of summer as demand remains steady, a federal review finds. A short-...
Weathered oil in Gulf of Mexico may threaten development of fish embryos and larvae
Jul 13, 2016 (SPX)
The Deepwater Horizon (DWH) oil spill, in which nearly three million barrels of crude oil got released in 2010 into the northern Gulf of Mexico, is the worst oi...
New reserves uncovered in North Sea
Jul 13, 2016 (UPI)
The Norwegian government confirmed Wednesday an oil and gas discovery was made in a North Sea area not previously known to contain hydrocarbons. The Norwegian P...
Citibank to close key Venezuela payment account: Maduro
Jul 12, 2016 (AFP)
Citibank plans to close the account Venezuela uses to make international payments, President Nicolas Maduro said Monday, accusing the US-based bank of mounting ...
Militants claim attack on Exxon as Shell shuts Nigerian pipeline
Jul 12, 2016 (AFP)
The Niger Delta Avengers (NDA) group said it had bombed an ExxonMobil facility in southern Nigeria just as Shell announced closure of a key oil pipeline, in the...
North Dakota adding more rigs
Jul 11, 2016 (UPI)
The number of rigs actively exploring for or producing oil and natural gas in North Dakota is rising, state data show, despite a slump in oil prices. State data...
No luck for Tullow south of Johan Sverdrup
Jul 11, 2016 (UPI)
A well drilled about 20 miles from the Johan Sverdrup oil field, the fifth largest discovered off the Norwegian coast, came up empty, a regional authority said....
Energy could be included in Canada-Ukraine trade deal
Jul 11, 2016 (UPI)
Energy ties have the potential to strengthen under a newly-minted trade agreement between Canada and Ukraine, ministers said Monday. Canadian Prime Minister Jus...
Kremlin: Some oil privatization by year's end
Jul 11, 2016 (UPI)
Privatization of Russian oil production and maritime shipping companies could be completed before the end of the year, a deputy minister said Monday. The Kremli...
Oil prices inch barely into the black on bullish outlook
Jul 11, 2016 (UPI)
A positive forecast for market trajectory helped lift crude oil prices in early trading Monday after a weak start, though underlying conditions remain negative....
Iran expecting revenue influx from oil
Jul 11, 2016 (UPI)
The Iranian government expects to bring in at least $40 billion in investments per year to an opening oil industry, a deputy trade official said. According to D...
Oil prices get lift from Nigerian pipeline attack
Jul 08, 2016 (UPI)
Instability in Nigeria and bargain hunting in the wake of a collapse in the previous session help push oil higher Friday, though the rally may be short lived. A...
U.S. rig count up, Baker Hughes finds
Jul 08, 2016 (UPI)
Globally, the number of rigs actively exploring for or producing oil or natural gas is down from May, though U.S. activity is rebounding, Baker Hughes reports. ...
Eni confirms attack on Nigerian pipeline
Jul 08, 2016 (UPI)
Italian energy company Eni confirmed Friday that it was the target of sabotage in the Niger Delta, with a minor impact on its equity production. A group calling...
Gazprom introduces oil spill technology
Jul 08, 2016 (UPI)
Russian energy company Gazprom said it's developed a new biological agent that can help degrade oil spills and is effective in a range of climates. During an ev...
Oil services firm Swiber wades into Qatari waters
Jul 08, 2016 (UPI)
Singapore-based oilfield services company Swiber Holdings said Friday it scored a win with its first offshore pipeline project contract in Qatar. "Despite the o...
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