OIL

10,863 articles

Company indicted over massive California oil spill
May 17, 2016 (AFP)
A pipeline company has been indicted on criminal charges over a massive California oil spill last year that forced the shutdown of beaches and killed hundreds o...
Venezuela's army must choose constitution or Maduro: opposition leader
May 17, 2016 (AFP)
The army in crisis-hit Venezuela has to choose whether it is "with the constitution or with (President Nicolas) Maduro," opposition leader Henrique Capriles sai...
Hit the road now, gas price watchers say
May 17, 2016 (UPI)
U.S. retail gasoline prices have been relatively stable against an increase in oil prices, but are likely set for a rally in the coming days, analysis finds. Mo...
Microwaved nanoribbons may bolster oil and gas wells
May 16, 2016 (SPX)
Wellbores drilled to extract oil and gas can be dramatically reinforced with a small amount of modified graphene nanoribbons added to a polymer and microwaved, ...
North Dakota rig count at lowest since 2005
May 16, 2016 (UPI)
At 27, the number of rigs actively exploring for or producing oil or natural gas in North Dakota is the lowest it's been in more than a decade, state data show....
Statoil to help tap Turkish gas
May 16, 2016 (UPI)
Norwegian energy company Statoil said Monday it signed an agreement with a Canadian exploration company to help explore the shale gas potential in Turkey. Accor...
Canadian oil services start to return
May 16, 2016 (UPI)
Employees are on the ground in and around the Fort McMurray area of Alberta to start bringing oil sands operations online, companies said Monday. Canadian energ...
Oil prices move closer to $50 per barrel on supply fears
May 16, 2016 (UPI)
Simmering concerns about supply shortages across the global energy market pushed crude oil prices sharply higher in early Monday trading. Sluggish demand from a...
Shell: No oil expected to reach shore
May 16, 2016 (UPI)
Recovery is ongoing and oil spilled from the Glider field in the U.S. waters of the Gulf of Mexico is moving west with no shoreline impact expected, Shell said....
Saudi Arabia's credit rating lowered
May 16, 2016 (UPI)
While strong when compared with other sovereign credit ratings, Saudi Arabia's fiscal health remains under threat from low oil prices, Moody's said. Moody's Inv...
BP takes stronger role in North Sea gas
May 16, 2016 (UPI)
BP said Monday it was doubling its stake in the Culzean gas field in the North Sea, which is expected to have enough gas to meet 5 percent of British demand. Fo...
Seven dead in raid on Iraqi gas plant claimed by IS
May 15, 2016 (AFP)
Suicide attackers stormed a gas plant north of Baghdad Sunday, killing at least seven people and setting fire to tanks in the latest such assault claimed by the...
Russia sees oil market balance in 2017
May 13, 2016 (UPI)
Barring any compromise among OPEC members or a serious degradation in Middle East security, oil markets won't balance until next year, Russian analysis finds. C...
OPEC: Energy industry spending to decline
May 13, 2016 (UPI)
Global spending in exploration and production over the next two years is expected to be about half what it was between 2012 and 2014, OPEC said in a monthly rep...
Canada's oil production weakened by Fort McMurray fire
May 13, 2016 (UPI)
Even as the situation becomes less severe, it may be the third quarter of 2016 before Canadian oil sands operations return to normal, a government report shows....
North Dakota oil production drops
May 13, 2016 (UPI)
North Dakota crude oil production dropped about a full percentage point over the course of a month because of lingering market pressures, a regulator said. Stat...
More than 2,000 barrels of oil spilled in Gulf of Mexico
May 13, 2016 (UPI)
More than 2,000 barrels of oil were released into the U.S. waters of the Gulf of Mexico about 97 miles from the southern tip of Louisiana, Shell said. Shell sai...
Oil prices fall on oversupply concerns
May 13, 2016 (UPI)
Oil prices fell sharply in early Friday trading after OPEC reported in its latest monthly report that production increased while the global economy stood still....
Oil prices rally on return of market balance
May 12, 2016 (UPI)
Data showing strong gains in global demand and a year-on-year slowdown in growth in oil production led to a rally in crude oil prices in early Thursday trading....
US unveils first federal methane regulations
May 12, 2016 (AFP)
The United States on Thursday unveiled the first federal regulations on methane -- a powerful greenhouse gas that accelerates global warming -- aimed at reducin...
Buy Advertising About Us Editorial & Other Enquiries Privacy statement
The content herein, unless otherwise known to be public domain, is Copyright 1995-2026 Space Media Network. All websites are published in Australia and are solely subject to Australian law and governed by Fair Use principles for news reporting and research purposes.