OIL

10,863 articles

Wood Group lands Azeri deal with BP
Apr 28, 2016 (UPI)
Scottish energy services company Wood Group said it would start work immediately on engineering projects at BP's operations offshore Azerbaijan. Wood Group secu...
Oil prices mixed to flat on weak U.S. GDP
Apr 28, 2016 (UPI)
A long rally in crude oil prices faded in early Thursday trading following a string of reports showing lingering weakness in the global economy. The U.S. Commer...
NASA Scientists Scrutinize Arctic Gas Flaring Pollution
Apr 28, 2016 (SPX)
Flaring of waste natural gas from industrial oil fields in the Northern Hemisphere is a potential source of significant amounts of nitrogen dioxide and black ca...
One oil field a key culprit in global ethane gas increase
Apr 28, 2016 (SPX)
A single U.S. shale oil field is responsible for much of the past decade's increase in global atmospheric levels of ethane, a gas that can damage air quality an...
Schlumberger lands another merger
Apr 28, 2016 (UPI)
Following a string of recent deals, oil field services company Schlumberger announced it agreed to acquire a Calgary-based drilling and services company. For an...
Tullow lowers spending forecast
Apr 28, 2016 (UPI)
Africa-focused exploration company Tullow Oil said Thursday it lowered its 2016 spending plans while reporting lower output from a key project offshore Ghana. "...
Oil still at center of Libyan conflict
Apr 27, 2016 (UPI)
With oil again acting as kindling for conflict in Libya, the U.N. mission there reminded all parties to respect the sanctity of the nation's economic lifeline. ...
Long-term oil shortfall predicted by Wood Mackenzie
Apr 27, 2016 (UPI)
Global supply-side pressures could reverse within 20 years as low crude oil prices crimp spending on exploration and production, Wood Mackenzie finds. For the f...
Hess producing more despite taking a loss
Apr 27, 2016 (UPI)
Even as it reported a loss for the first quarter of the year, U.S. energy company Hess Corp. said it was producing more from its U.S. assets than in late 2015. ...
Oil running quickly toward $50 per barrel
Apr 27, 2016 (UPI)
Oil prices are running toward $50 per barrel, up nearly 60 percent from 2016 lows, as more data surfaces to support a push away from supply side pressures. The ...
U.S. shale oil down, but not out
Apr 27, 2016 (UPI)
A U.S. congressional researcher said some shale oil companies in the country will rebound as oil prices recover, though output will remain under pressure. The S...
Alberta taking climate message to Washington
Apr 27, 2016 (UPI)
Facing pressure from low oil prices, Alberta's premier said the province is now leading the fight against climate change and taking that message to Washington, ...
New oil discovery in Gulf of Mexico
Apr 27, 2016 (UPI)
Otto Energy Ltd., a company with headquarters in Australia, said it made an oil discovery in the Gulf of Mexico that was productive enough to keep drilling. The...
Alberta defends budget against credit downgrade
Apr 26, 2016 (UPI)
The provincial government in Alberta said its budgetary house is in order enough to handle the pressures from low oil prices despite a credit downgrade. "Around...
Gazprom questions price mechanisms for LNG
Apr 26, 2016 (UPI)
Russian energy company Gazprom said liberalizing the market for liquefied natural gas means contractual talks with China are under threat. Gazprom Deputy Chief ...
BP sees balanced market by year's end
Apr 26, 2016 (UPI)
With lower spending on tap for the year, British energy company BP said the market could return to a healthy balance between supply and demand by year's end. Fi...
Demand pulling U.S. gasoline prices higher
Apr 26, 2016 (UPI)
Consumer demand for gasoline is pushing the price at the pump higher for Americans, though it remains low historically speaking, retail analysis finds. Motor cl...
Locals rule for Tehran energy conference
Apr 26, 2016 (UPI)
Iranian media reports local companies outnumber the number of foreign entities registered to attend an oil and natural gas conference in May in Tehran. Tehran i...
Stanford maintains investments in fossil fuels
Apr 26, 2016 (UPI)
The board of trustees at Stanford University said it was maintaining an investment portfolio of fossil fuels despite growing support for a low-carbon economy. "...
Oil prices up on expectations of market balance
Apr 26, 2016 (UPI)
Anticipation about the pace of the global economy and expectations Tuesday of a return to balance added more fuel to the fire growing in support of oil prices. ...
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