OIL

10,863 articles

No call to sit with OPEC in June, Russia says
May 12, 2016 (UPI)
There's been no invitation extended to the Russian government to attend next month's summit of members of OPEC, Russia's energy minister said. Russian Energy Mi...
Radioactive isotopes reveal age of oil and gas wastewater spills
May 12, 2016 (SPX)
Spills from oil and gas operations can contaminate local water and soil with high levels of toxic chemicals, salts and radioactivity, but in many cases there is...
Wintershall ready to start drilling
May 12, 2016 (UPI)
A subsidiary of German oil and gas producer Wintershall said it awarded a contract to Halliburton for work in the Norwegian Sea, describing it as a market boost...
More oil services back online in fire-ravaged Canada
May 12, 2016 (UPI)
More facilities were returning to normal in the Fort McMurray area of Alberta, with Enbridge the latest to return some infrastructure to regular service. Enbrid...
Nigerian militant group issues manifesto
May 12, 2016 (UPI)
A militant group in Nigeria calling itself the Niger Delta Avengers issued a warning Thursday to oil companies, saying their campaign has just begun. "To intern...
British Columbia may reap rewards from gas
May 12, 2016 (UPI)
Natural gas growth means the provincial economy in British Columbia outpaces the rest of Canada, through the market carries risk, a national report said. The NE...
Texas drilling permits down 20 percent
May 11, 2016 (UPI)
The number of oil and natural gas drilling permits issued by Texas regulators in April was lower year-on-year by 20 percent, state data show. The Railroad Commi...
More gas for Eni coming out of Egypt
May 11, 2016 (UPI)
Italian energy company Eni said Wednesday it was able to boost its production at a gas field in Egypt within a year of making the initial discovery. Eni said pr...
OMV expects rough waters ahead
May 11, 2016 (UPI)
Austrian energy company OMV said it expects the natural gas market in particular to be challenging this year, focusing its sentiment on European strategies. Rai...
Alberta oil spared by fires
May 11, 2016 (UPI)
None of the infrastructure in Alberta, home to some of the largest oil deposits in the world, was damaged by raging wildfires, the government said. Alberta Prem...
Oil prices mixed, to slightly lower to start Wednesday
May 11, 2016 (UPI)
Crude oil prices were mixed to start the day Wednesday, with Nigerian oil offline at the same time as North American markets breathe a sigh of relief. Shell Can...
Iranian oil may be headed to Europe soon
May 11, 2016 (UPI)
Iranian tankers are expected to start delivering crude oil to port cities feeding the European market in less than a month, a commercial director said. Sanction...
Lundin Petroleum taking the high road
May 11, 2016 (UPI)
Swedish energy company Lundin Petroleum said there is no doubt the industry is under pressure, but stressed its assets offshore Norway should spur recovery. "Th...
Maersk Oil announcing more layoffs
May 10, 2016 (UPI)
Danish energy company Maersk Oil announced it was trimming its payroll in an effort to cut costs in response to the pressure from lower oil prices. Crude oil pr...
EIA: Nigerian oil sector plagued by risk
May 10, 2016 (UPI)
Nigeria is the largest oil producer in Africa, though it's plagued with risks as much of the industry is in the conflict-prone Niger Delta, analysis finds. The ...
Canadian oil hub works to restore power, eyes resuming full oil output
May 10, 2016 (AFP)
Crews worked Tuesday to start restoring water and electricity in this Canadian petroleum hub crippled by huge forest fires, as officials said stalled oil produc...
Canada wildfire a hard hit to economy, oil companies
May 10, 2016 (AFP)
The wildfire raging in Canada is forcing a reduction in oil output at the worst possible time in a country where the energy sector accounts for 10 percent of GD...
U.S. gasoline prices hold steady
May 10, 2016 (UPI)
Retail gasoline prices in the United States remain relatively stable as markets tilt toward balance, though motor club AAA said that could end come summer. AAA ...
More oil than thought in Kenya
May 10, 2016 (UPI)
A Canadian oil company with a focus on Africa said an independent survey of its holdings in Kenya led it to increase its reserve estimate by 24 percent. Africa ...
Oil companies in Alberta weighing options
May 10, 2016 (UPI)
Canadian energy company Nexen said it was reviewing the fire situation in Alberta, but keeping its facilities shut down until it was able to reach its oil facil...
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