OIL

10,863 articles

Some BG Group offices to close
Apr 25, 2016 (UPI)
Royal Dutch Shell said Monday it was closing some of the offices in the United Kingdom for BG Group as both companies move forward under a united structure. Bri...
North Dakota rig count unchanged
Apr 25, 2016 (UPI)
The number of rigs in service in North Dakota, the No. 2 oil producer in the United States, held steady despite last week's rally in oil prices, data show. Stat...
Long oil rally knows no quarter
Apr 25, 2016 (UPI)
The long rally in oil prices continued into Monday even after a report from the International Monetary Fund said another market downturn cannot be ruled out. Oi...
Uganda advancing on oil pipeline developments
Apr 25, 2016 (UPI)
A statement from the government in Uganda said a decision was made by a regional consortium to build a crude oil pipeline through Tanzania. Delegates from Burun...
Saudi king sacks utilities minister amid anger over prices
Apr 24, 2016 (AFP)
The king of Saudi Arabia has sacked the country's water and electricity minister, Abdullah al-Hussayen, amid public anger over price hikes, state media reported...
Oil spill fears in Italian Riviera port
Apr 23, 2016 (AFP)
Authorities in the Italian port of Genoa declared a state of emergency Saturday as they battled to prevent tonnes of crude oil from spilling into the Mediterran...
U.S. gasoline demand soars
Apr 22, 2016 (UPI)
U.S. gasoline demand reached the highest levels since record-keeping began as consumers took advantage of lower prices, a petroleum group said. The American Pet...
Australian gas market gets monopoly review
Apr 22, 2016 (UPI)
A competition watchdog in Australia said it was growing concerned by the tight market control from a few gas players and an uncertain supply outlook. The Austra...
Innovative Exeter research pioneers nanotechnology for gas sensing
Apr 22, 2016 (SPX)
A team of scientists from the University of Exeter have created a new type of device that could be used to develop cost-effective gas sensors. The pioneering te...
Fossil fuels could be phased out worldwide in a decade
Apr 22, 2016 (SPX)
The worldwide reliance on burning fossil fuels to create energy could be phased out in a decade, according to an article published by a major energy think tank ...
New contracts surface for struggling Transocean
Apr 22, 2016 (UPI)
After reporting a string of lost contracts, rig company Transocean said it landed three new contracts for work largely in the offshore Asia and Latin America. T...
Shell tight-lipped on claims it's leaving Gabon
Apr 22, 2016 (UPI)
Officials with Royal Dutch Shell were tight-lipped following suggestions the company may be leaving behind its onshore portfolio in emerging oil player Gabon. V...
Schlumberger revenue takes nose dive
Apr 22, 2016 (UPI)
Schlumberger, the largest oil field services company in the world, said its first quarter revenue experienced one of its sharpest declines since 2014. The compa...
Oil prices rise to highest level in 5 months
Apr 22, 2016 (UPI)
Sentiments about an emerging balance in energy markets Friday helped add positive pressure to the continuing rebound in crude oil prices. Crude oil prices are a...
Wood Group notches another North Sea success
Apr 21, 2016 (UPI)
Scottish energy services company Wood Group said Thursday it secured a $150 million deal to help support operations at key fields in the North Sea. Nexen, a sub...
Austrian energy company OMV sees oil production increase by 1 percent
Apr 21, 2016 (UPI)
Austrian energy company OMV said its first quarter output was up 1 percent, largely on Norwegian operations, and that its exploration expenses were lower than i...
Economists: Texas handling oil slump well
Apr 21, 2016 (UPI)
The Texas economy is facing pressure from lower crude oil prices, though it's better able to weather the storm than in the past, state economists said. Crude oi...
Oil rally struggles to gain traction
Apr 21, 2016 (UPI)
A rally in crude oil prices struggled to gain momentum Thursday on lingering European economic concerns despite a major expected decline in non-OPEC output. Cru...
Australia's Woodside searching for silver lining
Apr 20, 2016 (UPI)
Australian energy company Woodside said its short-term financial trends were under pressure, but had largely outperformed metrics year-on-year. Woodside, Austra...
Study sank $1.3 bn refinery project with China: Costa Rica
Apr 20, 2016 (AFP)
Irreconcilable differences over a rejected feasibility study scuppered a $1.3 billion project with China to build an oil refinery, Costa Rica's state-run petrol...
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