OIL

10,863 articles

Demand pressures, refinery woes push gas prices higher
Jun 07, 2016 (UPI)
Increased demand and pressure on the nation's refineries have left U.S. consumers paying the highest so far this year for gasoline, a market report finds. Motor...
Shell says it's ready for change
Jun 07, 2016 (UPI)
Royal Dutch Shell is positioning itself as a stronger company as it moves through the market downturn and changing energy landscape, the CEO said Tuesday. "I se...
North American oil sector weathering storm
Jun 07, 2016 (UPI)
Even though a weakened oil economy means lower production, North American markets are secure enough to weather the storm, analysts said. Canada's oil-based econ...
US top court rejects Ecuador challenge to $96 mln Chevron award
Jun 07, 2016 (AFP)
The US Supreme Court on Monday rejected Ecuador's appeal against a $96 million award it has been ordered to pay Chevron in a dispute over the development of oil...
Don't leave energy funds, industry group says
Jun 07, 2016 (UPI)
A growing move in the United States to divest from oil and gas investments is a knee-jerk reaction that could jeopardize long-term values, an energy group said....
Monitoring pipelines from space
Jun 07, 2016 (ESA)
Dutch company Orbital Eye has developed a service that uses satellites to monitor gas and oil pipelines. A major African pipeline operator has already signed up...
Constructing shale gas sites
Jun 07, 2016 (SPX)
Extracting gas from shale rock not only causes environmental disturbances below ground, the surface infrastructure required to drill the wells can cause a varie...
Four tremors recorded near Oklahoma shale
Jun 06, 2016 (UPI)
Four minor earthquakes were reported in and around the shale reserve basins in Oklahoma in the last 24 hours, the U.S. Geological Survey found. The USGS recorde...
Supply outages cause crude oil price spike
Jun 06, 2016 (UPI)
Global supply outages emerged as contributing factors to a steep spike in crude oil prices Monday, though underlying metrics may point to stability. A group cal...
Hydraulic fracturing chemical spills on agricultural land need scrutiny
Jun 06, 2016 (SPX)
Hydraulic fracturing, a widely used method for extracting oil and gas from otherwise impenetrable shale and rock formations, involves not only underground injec...
Moody's: Ghana could capitalize on oil and gas
Jun 06, 2016 (UPI)
The potential for higher oil and gas production in Ghana may help spur economic recovery at a time of mounting debt, Moody's Investors Service said. Moody's ass...
Plans evolve for New Zealand reserves
Jun 06, 2016 (UPI)
MEO Australia Ltd. said it brought on a new joint venture partner for New Zealand reserves that's already focused the bulk of its spending plans on the country....
North Dakota lost four rigs from last week
Jun 06, 2016 (UPI)
North Dakota energy trajectory shifted direction, losing rigs after showing a dramatic increase during the last week in May, state data for Monday show. North D...
Hercules Offshore to sell assets in bankruptcy
Jun 06, 2016 (UPI)
U.S. rig company Hercules Offshore said Monday it was returning to Chapter 11 bankruptcy and now planning to sell off all of its assets. Crude oil prices are up...
US top court rejects Ecuador challenge to $96 mn Chevron award
Jun 06, 2016 (AFP)
The US Supreme Court on Monday rejected Ecuador's appeal against a $96 million award it has been ordered to pay Chevron in a dispute over the development of oil...
32 troops killed in Niger clash with Boko Haram jihadists
Jun 04, 2016 (AFP)
Thirty-two troops have been killed in a clash with Boko Haram jihadists on Niger's border with Nigeria, Niger's defence ministry said on Saturday. "Hundreds of ...
Ireland sees interest in offshore reserves
Jun 03, 2016 (UPI)
The response to the latest offerings for the rights to examine the oil and gas potential off the Irish coast has been significant, the government said. The Iris...
Niger Delta Avengers claims benevolence
Jun 03, 2016 (UPI)
A militant group waging war on oil installations in the Niger Delta said they can bring regional production down significantly without bloodshed. The Niger Delt...
Platform build evolving for giant Norwegian oil field
Jun 03, 2016 (UPI)
Norwegian energy company Statoil said it awarded a $72 million contract to build part of the platforms for the giant offshore Johan Sverdrup field. Statoil awar...
Schlumberger adds to portfolio with another acquisition
Jun 03, 2016 (UPI)
Rig services company Schlumberger said the acquisition of a Houston-based systems company is part of a long-term strategy to build depth of service. Omron Oilfi...
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