OIL

10,863 articles

More reserves uncovered offshore Senegal
Apr 11, 2016 (UPI)
Scottish company Cairn Energy said it was maintaining a string of success with the latest discovery of natural gas at an evaluation program offshore Senegal. Th...
North Dakota gains a rig
Apr 11, 2016 (UPI)
With crude oil prices on the rise, state data from North Dakota show the No. 2 oil producer in the United States gained one rig from one week ago. During the fi...
Statoil clears Johan Sverdrup audit
Apr 11, 2016 (UPI)
An audit of development plans for the Johan Sverdrup oil field off the Norwegian coast found only relatively minor issues, a regulator said. The Petroleum Safet...
Canadian energy sector in sharp decline
Apr 08, 2016 (UPI)
An energy group in Canada said it estimated the two-year spending trends in the oil and gas sector were at their lowest level in more than 60 years. The Canadia...
More oil, gas layoffs expected, Dallas Fed says
Apr 08, 2016 (UPI)
Energy companies may start adopting tighter policies as the immediate pressure from lower oil prices increases, a report from the Dallas Federal Reserve said. T...
Oil prices on a tear on strong economic news
Apr 08, 2016 (UPI)
Improving prospects for the U.S. economy and good grades for European markets help spur one of the strongest rallies of the year for crude oil prices Friday. Mo...
Keystone pipeline spill in South Dakota bigger than originally thought
Apr 08, 2016 (UPI)
Pipeline company TransCanada said about 400 barrels of oil leaked near the Keystone pipeline in South Dakota, far more than the company originally estimated. Th...
Support builds behind Turkmenistan gas pipeline for Pakistan
Apr 08, 2016 (UPI)
Bringing natural gas through a pipeline from Turkmenistan will help address chronic energy shortages in Pakistan, the Asian Development Bank said. ADB officials...
Setback for Tullow for operations offshore Ghana
Apr 08, 2016 (UPI)
Africa-focused Tullow Oil said it had mechanical issues at a production facility tied to the giant Jubilee oil field offshore Ghana that could curb output. The ...
Baker Hughes, Halliburton say U.S. conclusion wrong
Apr 07, 2016 (UPI)
With U.S. government pressure on the merger confirmed, oilfield services companies Baker Hughes and Halliburton said complaints were counterproductive. Rumors s...
Oil prices falter on OECD slowdown
Apr 07, 2016 (UPI)
Reports of a minor slowdown in major economies pushed crude oil prices lower Thursday, one day after supply-side indications sparked a major rally. Crude oil pr...
March rig count down 12 percent
Apr 07, 2016 (UPI)
The total number of rigs actively exploring for or producing oil or natural gas worldwide declined 12 percent from February levels, Baker Hughes said Thursday. ...
EU objecting to new Russian gas capacity
Apr 07, 2016 (UPI)
Adding on to the Nord Stream natural gas pipeline running from Russia to European shores would impact the regional market significantly, an EU official said. Ru...
Struggling Maersk starts work for North Sea field
Apr 07, 2016 (UPI)
Danish energy company Maersk Oil, which has struggled during the market downturn, said it started work on a platform slated for a mega North Sea project. The co...
Wintershall expects rough year
Apr 07, 2016 (UPI)
German oil and gas company Wintershall said Thursday it was expecting a steep decline in sales this year as crude oil prices linger at around $40 per barrel. Ma...
Hercules Offshore gets Saudi contract extension
Apr 07, 2016 (UPI)
A state-run oil company in Saudi Arabia extended the terms of a rig contract through June at the previously agreed day rate, rig company Hercules Offshore said....
OMV makes drilling breakthrough in Barents Sea
Apr 06, 2016 (UPI)
Austrian energy company OMV said it made a breakthrough for the industry with a novel drilling method in the northernmost oil field offshore Norway. Operating i...
Positive forces build for crude oil prices
Apr 06, 2016 (UPI)
Factors ranging from a drop in U.S. crude oil inventories to an increase in China's service sector helped give crude oil prices reason to rally Wednesday. China...
Shale progress needs to continue, API says
Apr 06, 2016 (UPI)
A rethink of current energy priorities and policies may be necessary to give further momentum to the U.S. shale oil and gas sector, an industry group said. The ...
World Bank: Russia returns to growth next year
Apr 06, 2016 (UPI)
Russia's economy will continue facing pressure from lower crude oil prices and sanctions, though growth returns by next year, the World Bank said Wednesday. The...
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