OIL

10,863 articles

Sanctions uncertainty hinders investor return to Iran
Apr 20, 2016 (AFP)
Iran may technically be open to foreign investors after a nuclear deal with Western powers, but many sanctions remain, deterring potential business partners who...
New work for struggling field services company Aker
Apr 20, 2016 (UPI)
Days after hinting at staffing cuts, regional field services company Aker Solutions said it won a contract to help a Norwegian company develop the Barents Sea. ...
Oil lower after Kuwaiti strike ends
Apr 20, 2016 (UPI)
Though Kuwait's government said it may take a few days for output to return to normal, the end of a labor strike there sent crude oil prices lower Wednesday. Ku...
Another setback for Transocean
Apr 20, 2016 (UPI)
Rig company Transocean said it was delaying the delivery of two ultra-deepwater drillships to 2020 in an agreement with a shipyard company in Singapore. Transoc...
Kremlin says it won't politicize Yukos ruling
Apr 20, 2016 (UPI)
A spokesman for the Kremlin said Wednesday the Russian government won't politicize its victory in a Dutch court in a battle with former Yukos Oil Co. The Perman...
Eni renews focus on Algerian renewables
Apr 20, 2016 (UPI)
Renewable energy strategies could help Italian energy company Eni strengthen its portfolio in Algeria, the company's top executive said. Eni CEO Claudio Descalz...
Oil output down for U.S. shale company Sanchez
Apr 20, 2016 (UPI)
U.S. inland oil player Sanchez Energy Corp. said Wednesday its average daily oil production volume was down nearly 10 percent from last year. Total production o...
Chevron builds on Australian gas footprint
Apr 19, 2016 (UPI)
The Australian subsidiary of Chevron said it reached a deal to sell a good portion of the gas from its Wheatstone project to an area customer starting in 2020. ...
Demand, oil prices, create pain at the pump
Apr 19, 2016 (UPI)
An increase in oil prices, along with refinery slowdowns and higher demand, means U.S. retail prices for gasoline are on the rise, market analysts found. Motor ...
Russian economist scoffs at Doha oil hype
Apr 19, 2016 (UPI)
An economist at a Russian development bank said Tuesday any deal among major oil producers last weekend would've been moot because markets are flush with oil. M...
Washington seeks Gulf special force, naval cooperation
Apr 19, 2016 (AFP)
The United States is seeking greater special forces and naval cooperation with the Gulf states to counter Iran's "destabilising activities" in the region, a sen...
Last thing Ecuador needed was quake, after oil bust
Apr 19, 2016 (AFP)
Oil-producing Ecuador has already taken a big hit from the drop in global crude prices, so the last thing it needed was the devastating earthquake that struck l...
U.S. energy economy diversified, White House says
Apr 19, 2016 (UPI)
A balanced energy portfolio suggests the U.S. economy won't take any major hits from lingering weakness in the oil sector, a White House spokesman said. The U.S...
Kuwait's oil production increasing
Apr 19, 2016 (UPI)
Though a labor strike in Kuwait is on its third day, a spokesman for the oil ministry said Tuesday output has moved higher to 1.5 million barrels per day. Talal...
Statoil looking to new technology to save costs
Apr 19, 2016 (UPI)
With the industry facing tightened purse strings, Norwegian energy company Statoil said it was examining plug-and-play concepts of field development. The compan...
Kuwaiti strike pulls oil prices higher
Apr 19, 2016 (UPI)
Oil prices recovered from recent declines on pressure from oil labor strikes in Kuwait, though economic and production pressures pulled on Tuesday's rally. Oil ...
More than a dozen tremors hit Oklahoma
Apr 18, 2016 (UPI)
Even with action taken to control human-induced seismic events tied to oil and gas, the USGS reported more than a dozen minor quakes in Oklahoma in a week. The ...
More data needed to assess earthquake hazards in Texas
Apr 18, 2016 (SPX)
The most comprehensive analysis to date of a series of earthquakes that included a 4.8 magnitude event in East Texas in 2012 has found it plausible that the ear...
Crude oil rally lost in Doha's rear-view mirror
Apr 18, 2016 (UPI)
Crude oil prices were sharply lower Monday, a day after a production meeting collapsed in Doha, but movement was buffered somewhat by Kuwaiti labor strikes. Cru...
Nanostructures grown on fabric soak up oil spills
Apr 18, 2016 (UPI)
A superhydrophobic fabric that attracts oil, being developed by researchers in Australia, may one day be a household cleaning product. As of now, it's a prototy...
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