OIL

10,863 articles

Senegal oil reserve estimate moved higher
Apr 13, 2016 (UPI)
An oil field offshore Senegal may be viewed as a world-class reservoir following an update to the reserve estimate, Australia-based explorer FAR Ltd. said. FAR ...
New oil coming from North Sea
Apr 13, 2016 (UPI)
The first volumes of oil are flowing from a well at the Solan field in the North Sea, which should reach steady production rates yet this year, Premier Oil said...
OPEC demand forecast drags oil prices lower
Apr 13, 2016 (UPI)
A three-day rally for crude oil prices came to an end Wednesday after OPEC said in its monthly report for April that demand was expected to falter. The Organiza...
Shut Keystone down, advocacy group says
Apr 13, 2016 (UPI)
An advocacy group in Nebraska said it was calling on U.S. regulators to shut down the Keystone oil pipeline following a spill from TransCanada's system. "We can...
Oil and gas wastewater disposal may harm West Virginia waterways
Apr 13, 2016 (SPX)
Unconventional oil and gas (UOG) operations combine directional drilling and hydraulic fracturing, or "fracking," to release natural gas and oil from undergroun...
High-stakes oil and gas vote has Italy in a tizz
Apr 13, 2016 (AFP)
An offshore platform a stone's throw from Dante's beach on Italy's Adriatic coast has become the focus of a politically charged national referendum on the count...
Gazprom Neft boosts reserve estimate
Apr 12, 2016 (UPI)
Russian energy company Gazprom Neft said surveys indicate the volume of commercial reserves at fields in East Siberia is greater than initially thought. Gazprom...
Fitch downgrades Saudi Arabia's rating one notch
Apr 12, 2016 (UPI)
Assumptions about the mid-term trajectory for crude oil prices means the economy of Saudi Arabia may face significant pressures, Fitch Ratings said Tuesday. The...
Marathon Oil unloads more than $1 billion in assets
Apr 12, 2016 (UPI)
U.S. energy company Marathon Oil Corp. said new agreements put the total value of divestments at more than $1 billion since last year. "Since August 2015, we ha...
Retail gasoline prices showing some stability
Apr 12, 2016 (UPI)
A high level of supplies on the U.S. market helped push retail gasoline prices lower despite a rally in crude oil prices, motor club AAA reported. AAA reports a...
Gazprom taking long view on LNG
Apr 12, 2016 (UPI)
Taking a long view on the global market, Russian energy company Gazprom said it selected St. Petersburg as the 2022 host of a liquefied natural gas summit. Bill...
Australia's Woodside calls for new industry thinking
Apr 12, 2016 (UPI)
The head of one of the largest players in the Australian liquefied natural gas business said the industry as a whole needs to adapt to a new market environment....
Sending crude oil into space to study Earth's depths
Apr 12, 2016 (ESA)
Containers of highly pressurised crude oil will be launched into space from China next week to help improve our knowledge of oil reservoirs buried kilometres un...
DNO says Kurdish oil exports up
Apr 12, 2016 (UPI)
Oil exported from the Kurdish north of Iraq following militant attacks on pipeline infrastructure are back near levels from early 2016, energy company DNO said....
Oil prices incease, though IMF outlook could erase rally
Apr 12, 2016 (UPI)
Anticipation over a weekend meeting in Doha on a possible oil production freeze overshadowed a subdued IMF report, giving oil prices a lift early Tuesday. Russi...
Cleanup begins in North Dakota Keystone oil spill
Apr 11, 2016 (UPI)
Pipeline company TransCanada said clean up operations will continue in South Dakota for several days as it restarts the Keystone oil pipeline after a release. S...
Sweet technique finds cause of sour oil and gas
Apr 11, 2016 (SPX)
In at least one - and probably many - oil and gas drilling operations, the use of biocides to prevent the souring of hydrocarbons wastes money and creates an un...
Oil streak continues into Monday
Apr 11, 2016 (UPI)
Oil prices moved higher early Monday on word Kuwait was on board with meetings to consider a production freeze output, though economic data could erase gains. M...
Yatsenyuk: Ukraine's energy sector free from Russia
Apr 11, 2016 (UPI)
Securing energy independence from Russia was among the major accomplishments since civil upheaval, outgoing Ukrainian Prime Minister Arseniy Yatsenyuk said. Yat...
Woodside extends gas ties with Korea
Apr 11, 2016 (UPI)
Australian company Woodside Petroleum announced Monday it was extending a strategic partnership with energy-hungry Korea Gas Corp. Both sides met in Perth, Aust...
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