OIL

10,863 articles

Crimson Pipeline defends track release after Ventura release
Jul 01, 2016 (UPI)
The company behind an oil release in California defended its public record, saying its reputation was the target of a smear campaign. About 700 barrels of oil w...
Gulf Keystone Petroleum: Kurds owe for oil milestone
Jul 01, 2016 (UPI)
The Kurdish government of Iraq is due to pay out a bonus because of a production milestone at a northern Iraqi oil field, Gulf Keystone Petroleum said. Gulf Key...
Fossil fuels will still dominate U.S. landscape
Jul 01, 2016 (UPI)
Even with renewable energy consumption at a historic high, fossil fuels are by far the dominant source for U.S. consumption, a federal review found. Growth in w...
New oil found in North Sea
Jul 01, 2016 (UPI)
With the future of the region in question, energy company EnQuest said Friday it confirmed the discovery of oil at a field in the central North Sea. "Drilling p...
Gazprom touts legacy
Jul 01, 2016 (UPI)
Russian energy company Gazprom puts flexibility at the center of its strategic objectives, the company's chairman said in an address to shareholders. With more ...
UH researchers discover a new method to boost oil recovery
Jul 01, 2016 (SPX)
As oil producers struggle to adapt to lower prices, getting as much oil as possible out of every well has become even more important, despite concerns from near...
Platform construction for Johan Sverdrup underway
Jun 30, 2016 (UPI)
Construction started Thursday for part of a platform that will deploy at the giant Johan Sverdrup oil field, Norwegian energy company Statoil said. Project dire...
Appeals court overturns Canada pipeline approval
Jun 30, 2016 (AFP)
Canada's federal court of appeal has overturned approval of the new Northern Gateway pipeline on grounds that builders failed to adequately consult with affecte...
Low oil prices left Alberta with a massive deficit
Jun 30, 2016 (UPI)
An annual review of the budget for oil-rich Alberta found total revenue came in lower than budgeted, though the provincial finance minister was upbeat. The decl...
Nigeria signs billions in oil and gas deals with China
Jun 30, 2016 (AFP)
The Nigerian government announced Thursday that it signed $80 billion worth in oil and gas deals with Chinese companies. Nigerian junior state oil minister and ...
Oil prices move lower after hitting 'soft ceiling'
Jun 30, 2016 (UPI)
Crude oil prices reversed course in Thursday trading with an investment bank saying the $50 mark may be something of a "soft ceiling" for the long term. Crude o...
ING: Saudi Aramco's IPO erodes OPEC
Jun 30, 2016 (UPI)
The initial public offering of Saudi Aramco is likely to push the global market for crude oil toward the supply side and erode OPEC's influence, analysis finds....
Lundin completes deal for Norwegian oil field
Jun 30, 2016 (UPI)
Lundin Petroleum, a Swedish company, said it completed an acquisition in a minority share in a Norwegian oil field from regional counterpart Statoil. Lundin ann...
Tullow to get first oil from TEN in weeks
Jun 30, 2016 (UPI)
One of the more lucrative oil fields off the coast of West Africa could start delivering its first batch of oil as early as July, Tullow Oil said. Tullow starte...
Major discovery declared offshore Guyana
Jun 30, 2016 (UPI)
A well off the coast of Guyana holds a find that, with as much as 1.4 billion barrels of reserves, is considered transformative, Exxon Mobil said Thursday. Stev...
Gas markets in flux after Mississippi plant explosion
Jun 29, 2016 (UPI)
Enterprise Products Partners said it closed down a gas facility in Mississippi after a fire erupted earlier this week within the confines of the plant. Police i...
Azerbaijan on cusp of gas greatness
Jun 29, 2016 (UPI)
Though some geopolitical conflicts may impede the progress, Azerbaijan is positioned to become one of the region's key players in natural gas, analysis finds. A...
Canada, Mexico review stronger energy ties
Jun 29, 2016 (UPI)
The Canadian government said it was looking to build stronger energy ties with Mexico now that key reforms were in place in the sector. Canadian Prime Minister ...
Irish company Circle Oil pulls shares from stock exchange
Jun 29, 2016 (UPI)
Irish exploration company Circle Oil said Wednesday it pulled its shares off the market after steep declines in revenue and funding reconsiderations. The compan...
Legacy projects drive new Canadian oil
Jun 28, 2016 (UPI)
Canadian crude oil production expands through the middle of the next decade, but it will do so through growth of mostly legacy projects, analysis finds. "We exp...
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