OIL

10,863 articles

Oil firms in fire-hit Canada region back to work in coming days at best: premier
May 10, 2016 (AFP)
Oil companies forced to halt production when Fort McMurray was hit by raging forest fires should resume production "in the coming days and short weeks ahead," A...
Oceana sees imminent end to Arctic drilling
May 10, 2016 (UPI)
With energy companies relinquishing their holdings, advocacy group Oceana said the end may be near for drilling in the Arctic waters offshore Alaska. Oceana sai...
Oil prices up on lingering threats to production
May 10, 2016 (UPI)
Militancy in the oil-rich Niger Delta and ongoing production outages in Canada helped lift crude oil prices higher in early Tuesday trading. "It's not yet safe ...
Romania seizes KazMunaiGaz refinery in tax probe
May 09, 2016 (AFP)
Romanian prosecutors said Monday they had seized a refinery held by Kazakhstan's KazMunaiGaz, which recently came under Chinese control, in a tax fraud probe. T...
Report: Shell evacuates Nigerian facility
May 09, 2016 (UPI)
Nigerian media reported Monday a group calling itself the Niger Delta Avengers forced the evacuation of facilities in the area operated by Royal Dutch Shell. Ni...
Battle against Canada inferno turns to oil sites, infrastructure
May 09, 2016 (AFP)
Firefighters battled Monday to protect oil installations in Canada's wildfire-ravaged city of Fort McMurray, capital of the country's oil sands region, as rain ...
North Dakota loses two rigs
May 09, 2016 (UPI)
The number of rigs operating in North Dakota was down two from the previous week and nearly 70 percent below this time last year, state data show. North Dakota ...
Oil rally fades as Canadian fires move east
May 09, 2016 (UPI)
A rally in oil prices subsided Monday as Canadian wildfires moved away from key production facilities in Alberta, home to some of the world's larger oil fields....
Oil-eating bacteria came to the rescue after BP spill
May 09, 2016 (AFP)
Microscopic bacteria played a crucial role in the cleanup of the devastating 2010 BP Gulf of Mexico oil spill, scientists who decoded the genomes of the oil-eat...
Iran says it will ship more oil to Italy
May 09, 2016 (UPI)
Iran's deputy oil minister claimed a deal was made with an Italian refining company for the delivery of around 65,000 barrels of oil per day. Rokneddin Javadi, ...
Fort McMurray foreign workers may have to leave Canada
May 07, 2016 (AFP)
Jonathan Infante fled for his life from wildfires ravaging Canada's remote Athabasca oil-producing region, and now he and other migrant workers face the grim pr...
Canada oil output slashed due to Alberta wildfire
May 06, 2016 (AFP)
The Alberta forest fire has forced Canadian oil producers to slash output by one million barrels a day, dealing a fresh blow to the oil-dependent economy, analy...
Cheniere Energy looking better after LNG shipments
May 06, 2016 (UPI)
After commissioning its first shipment of liquefied natural gas from a U.S. port, Cheniere Energy Partners said losses during the first quarter have dwindled. A...
Persistent U.S. labor woes drag on oil prices
May 06, 2016 (UPI)
Lower employment gains in the United States caught up with other market factors Friday to push the price of crude oil lower in early trading. The U.S. Labor Dep...
Hercules Offshore: Recovery not strong enough
May 06, 2016 (UPI)
The recovery in crude oil prices since the 2016 low point hasn't been enough to translate to improved business conditions, the head of Hercules Offshore said. C...
Chevron knocked offline, Nigerian militant group says
May 06, 2016 (UPI)
As of now, Chevron's operations in the Niger Delta are completely offline following attacks on its facilities, a militant group proclaimed. A group calling itse...
TransCanada connects to nation's LNG interests
May 06, 2016 (UPI)
The last permits necessary to build a natural gas pipeline project servicing the western port of Kitimat in British Columbia has been secured, TransCanada said....
Russia's Rosneft ships its first cargo of LNG
May 06, 2016 (UPI)
For the first time in its history, Russian energy company Rosneft said Friday it delivered a shipment of liquefied natural gas to an Egyptian customer. A tradin...
Canadian fires drive oil prices higher
May 05, 2016 (UPI)
Wildfires raging in the oil-rich Canadian province of Alberta overwhelmed supply-side data and U.S. employment figures, pushing oil higher early Thursday. More ...
U.S. seen as strategic energy partner for Europe
May 05, 2016 (UPI)
The United States has an important role to play in adding diversity to a European energy sector that depends heavily on Russia, a joint regional committee said....
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