OIL

10,863 articles

Polish gas company still betting on London
Jun 28, 2016 (UPI)
Making a move on the global market for liquefied natural gas, Polish company PGNiG said it was setting up shop in London even as it charts its post-EU future. "...
U.S. retail gas prices holding steady to lower, AAA finds
Jun 28, 2016 (UPI)
Higher refinery output in the United States and troubling economic news overseas could put downward pressure on retail gas prices, market analysis finds. Motor ...
Texas job losses mounting, state analyst says
Jun 28, 2016 (UPI)
A Texas oil economist said job prospects for those working in the energy sector are mediocre at best even as markets start to return to relative stability. Crud...
Wood Group bags another one with Brazilian contract
Jun 28, 2016 (UPI)
Scottish oilfield services company Wood Group continued racking up the contracts, saying Tuesday it landed a new deal for developments offshore Brazil. Subsidia...
Total, Qatar form joint venture for offshore oil
Jun 28, 2016 (UPI)
French energy company Total said Tuesday it would send its best talent to Qatar to help advance production at an offshore oil field through a new joint venture....
Oil prices turn higher after Brexit collapse
Jun 28, 2016 (UPI)
A revision upward for growth in the U.S. economy was enough Tuesday to erase two straight days of heavy losses in crude oil prices sparked by the Brexit. The U....
Oil prices move even lower as Brexit concerns mount
Jun 27, 2016 (UPI)
Crude oil prices on Monday continued a steep decline sparked by the British vote to leave the European Union, with London warning of continued volatility ahead....
Woodside to invest $1.9 billion on oil field
Jun 27, 2016 (UPI)
Australian energy company Woodside Petroleum said it was in the position to move ahead with the development of a $1.9 billion offshore oil project. Woodside Pet...
North Dakota one of the few states adding rigs
Jun 27, 2016 (UPI)
North Dakota gained two rigs from last week as stability in the crude oil market brought some players back to shale, state data for Monday show. State data show...
Record travel expected this July 4th, AAA said
Jun 27, 2016 (UPI)
The upcoming July Fourth holiday weekend in the United States may be the busiest ever for road travel thanks in part to low gas prices, motor club AAA said. "Sp...
Gulf Keystone Petroleum gets only partial payment for Iraqi exports
Jun 27, 2016 (UPI)
Iraqi oil player Gulf Keystone Petroleum said it received only part of the payment it billed the Kurdish regional government for crude oil exports in May. The c...
TransCanada files $15 bn suit over US rejection of Keystone pipeline
Jun 25, 2016 (AFP)
TransCanada has formally filed a $15 billion suit against the US government for blocking its controversial project for an oil pipeline linking Canada with the G...
Canada reacting to oil downturn
Jun 24, 2016 (UPI)
As the economy stumbles under the pressure of low crude oil prices, Canadian Prime Minister Justin Trudeau said he was working to build a vibrant middle class. ...
British oil industry calls for unity post-EU
Jun 24, 2016 (UPI)
An industry group in the British oil and gas sector called for unity Friday in order to minimize the impacts of the vote to leave the European Union. "I will do...
Sky falls on oil, world markets, on Brexit
Jun 24, 2016 (UPI)
Oil prices, along with global stock markets, suffered one of their worst slides in recent history Friday following the British vote to leave the European Union....
Increase In U.S. Rig Count Will Not Cap Oil Prices
Jun 24, 2016 (SPX)
The impact of rising oil prices on North American light tight oil (LTO) production is said to be a "Catch 22", the title of Joseph Heller's popular 1961 novel s...
Investigations ongoing in latest California oil spill
Jun 24, 2016 (UPI)
City officials in Ventura, Calif., said they're still investigating the cause of the release of 700 barrels of oil from a pump station run by Crimson Pipeline. ...
World Bank: Uganda could get rich on oil
Jun 24, 2016 (UPI)
Uganda could dramatically overhaul its economy with the right management policies in place by the time oil starts flowing in 2018, the World Bank said. "If oil ...
Irish rebound possible for oil, gas explorer Providence
Jun 23, 2016 (UPI)
After agreeing to a program aimed at raising capital, Irish oil and gas company Providence said it would examine frontier area oil and gas prospects. Providence...
Canadian oil needs new outlets, industry group says
Jun 23, 2016 (UPI)
Canada can play a major role on the global oil market provided the right infrastructure is in place, the Canadian Association of Petroleum Producers said. "Cana...
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