OIL

10,863 articles

Enbridge weighing its options
May 02, 2016 (UPI)
Pipeline company Enbridge said spending for 2016 would be significantly lower than in past years, though it maintained it's positioned well in North America. En...
Oil prices start May in the red
May 02, 2016 (UPI)
With some contracts expiring, crude oil prices were volatile early Monday though supply-side pressure emerged again to drag on evolving market dynamics. Crude o...
Halliburton, Baker Hughes merger scrubbed
May 02, 2016 (UPI)
Effective April 30, a merger proposed in late 2014 between oil services companies Baker Hughes and Halliburton has been terminated, the companies announced. "Wh...
North Dakota showing little rig movement
May 02, 2016 (UPI)
Despite a rally in oil prices of around 30 percent, the number of rigs deployed in shale-rich North Dakota is steady for the fifth straight week, data show. Sta...
South Korea, Iran eye oil and gas deals
May 02, 2016 (UPI)
South Korea and Iran signed off on more than a dozen proposals, including those tied to oil and gas, as Iran's president touts the value of foreign investments....
Lundin touts green footprint ahead of earnings report
May 02, 2016 (UPI)
Less than two weeks before releasing quarterly earnings, Lundin Petroleum said in a sustainability report its work offshore Norway was among the greenest. The S...
US top court rejects BP shareholder suit over stock price plunge
May 02, 2016 (AFP)
The US Supreme Court Monday declined to hear a class-action lawsuit by BP shareholders demanding compensation for a sharp fall in share price after the deadly 2...
Statoil in mourning after last week's helicopter crash
May 02, 2016 (UPI)
Norwegian energy company Statoil said it was in a state of mourning after 13 employees died when a helicopter crashed after leaving an offshore platform. An Air...
Gulf Keystone Petroleum mulling debt
Apr 29, 2016 (UPI)
Iraq-focused Gulf Keystone Petroleum said Friday it reached an agreement with bondholders to delay making interest payments while it seeks debt restructuring. T...
Contamination in North Dakota linked to fracking spills
Apr 29, 2016 (SPX)
Accidental wastewater spills from unconventional oil production in North Dakota have caused widespread water and soil contamination, a new Duke University study...
Crude oil rally knows no limit
Apr 29, 2016 (UPI)
Strong recovery for U.S. consumer wages balanced against a slowdown in the European economy, but it was enough for a soft rally Friday for crude oil prices. The...
Exxon squeaks out a profit, though Chevron stumbles
Apr 29, 2016 (UPI)
Exxon Mobil said Friday it managed to report a profit during the first quarter downturn, though pressure continued to build for U.S. counterpart Chevron. Exxon ...
Weatherford says it's ready for anything
Apr 29, 2016 (UPI)
The top executive at oil services company Weatherford International said he was taking a constructive approach to what he said was a "violent downturn." The com...
Russia's Central Bank keeps rates unchanged
Apr 29, 2016 (UPI)
Citing the risk of crude oil prices moving lower and lingering inflationary pressures, the Russian Central Bank said Friday it was keeping its key rate steady. ...
Oil opposition grows on both U.S. shores
Apr 29, 2016 (UPI)
Seattle activists who took on Shell offshore Alaska turned their eye to Exxon, while opponents on the east coast raised objections to ongoing energy work there....
Saudi Arabia Releases Ambitious Plan To Diversify Economy
Apr 29, 2016 (SPX)
On Monday, Saudi Arabia released a blueprint for the future, a plan for the Kingdom that could alter the course of its history. The "Vision for the Kingdom of S...
Groundwater quality changes alongside expansion of hydraulic fracturing
Apr 29, 2016 (SPX)
New research from The University of Texas at Arlington demonstrates that groundwater quality changes alongside the expansion of horizontal drilling and hydrauli...
PetroChina posts first quarterly loss since listing
Apr 29, 2016 (AFP)
PetroChina shares plunged on Friday, after the Chinese energy giant posted its first quarterly loss since listing overseas 16 years ago, as it struggled with th...
Europe critical of Polish shale gas laws
Apr 28, 2016 (UPI)
The Polish government is referred to the European courts because of the lack of environmental oversight in shale gas drilling, the European Commission said. The...
Unemployment up in Norway's oil economy
Apr 28, 2016 (UPI)
The Norwegian government said Thursday the rate of unemployment for men nationwide increased more than a full percentage point as lower oil prices take a toll. ...
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