OIL

10,863 articles

Natural gas reserves increase for Myanmar
May 20, 2016 (UPI)
Australian energy company Woodside said it raised its reserve estimate for natural gas offshore Myanmar at a time when sanctions pressures are easing. Woodside ...
Pipeline company blamed directly for Refugio Beach, Calif., oil spill
May 20, 2016 (UPI)
Preventable errors on the part of Plains All American Pipeline led to last year's oil spill at a beach in California, the U.S. transportation secretary said. Th...
Texas oil company to restructure
May 19, 2016 (UPI)
A Texas oil company working in the state shale basins, as well as those in North Dakota, said it was working to eliminate its debt through a restructuring plan....
Gazprom trimming plans for eastward pipeline
May 19, 2016 (UPI)
Russian energy company Gazprom said Thursday it was trimming its construction plans on a natural gas pipeline to the Far East in order to save capital. With a E...
Technip, FMC to merge into $13 bln oil services firm
May 19, 2016 (AFP)
Oil and gas services companies Technip of France and the American FMC Technologies said Thursday they have agreed to merge, creating one of the world's top comp...
Venezuela opposition pressures Maduro after protests
May 19, 2016 (AFP)
Venezuela's opposition on Thursday kept pressure on beleaguered President Nicolas Maduro after protests demanding his ouster amid a mounting political and econo...
Oil prices turn lower on growth concerns from Europe
May 19, 2016 (UPI)
Crude oil prices, turning lower following comments from the U.S. Federal Reserve Board, dropped further Thursday amid European concerns of subdued growth. Minut...
Saudi Arabia's economy is slowing
May 19, 2016 (UPI)
The economy of Saudi Arabia is expected to slow down noticeably as a result of lower oil prices, though the fiscal policies are adapting, the IMF said Thursday....
Humans have been causing earthquakes in Texas since the 1920s
May 18, 2016 (SPX)
Earthquakes triggered by human activity have been happening in Texas since at least 1925, and they have been widespread throughout the state ever since, accordi...
Fires strip away shine of Canada's oil eldorado
May 18, 2016 (AFP)
The Western Canadian province of Alberta, in the grip of massive forest fires, was the nation's economic engine before the oil rout. About the size of France, t...
Russian researchers developed an ecological method for cleaning lakes from oil
May 18, 2016 (SPX)
The oil cleansing method was developed by TSU researchers and it is optimal for lake ecosystems. The experiment proved that the content of oil in water reduced ...
Norway opens new Arctic zones to oil exploration
May 18, 2016 (AFP)
Norway awarded Arctic drilling licences to 13 oil companies on Wednesday, including in a hitherto unexplored part of the Barents Sea, drawing condemnation from ...
Gazprom confident Nord Stream II will get built
May 18, 2016 (UPI)
Despite regional reservations, Russia's Gazprom said expanding a Baltic Sea gas pipeline would add another layer of reliability for European energy markets. Gaz...
Jordan aims to draw investors to energy sector
May 17, 2016 (UPI)
The Jordanian government is putting a high priority on drawing investors into its emerging energy sector, the country's prime minister said. Abdullah Ensour tol...
Oil prices sink on demand pressures
May 17, 2016 (UPI)
Crude oil prices moved lower in early Tuesday trading after U.S. data showed the consumer price index increased at its fastest pace in more than three years. Th...
Russia close to privatizing oil company
May 17, 2016 (UPI)
The privatization of Russian oil company Bashneft may be developing as early as the first part of this year, a development minister said. The Kremlin has been r...
Canadian wildfire flareups force more oil region evacuations
May 17, 2016 (AFP)
Wildfires continued their devastating advance on Tuesday, leading authorities to order more evacuations in Canada's oil sands region surrounding the city of For...
Canada wildfires destroy oil workers' lodge
May 17, 2016 (AFP)
Growing wildfires threatened Canada's oil sands region on Tuesday, destroying a remote lodge used to house hundreds of industry workers and forcing thousands at...
Shell working on repairs after Gulf of Mexico spill
May 17, 2016 (UPI)
A fleet of vessels was deployed in the U.S. Gulf of Mexico and repair work is underway in response to the spill of 2,100 barrels of oil, Shell said. Shell repor...
TransCanada to retool Keystone oil pipeline
May 17, 2016 (UPI)
Pipeline company TransCanada said it aims to replace sections of the Keystone oil pipeline in the United States so it can operate at a higher pressure. TransCan...
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