OIL

10,863 articles

Baker Hughes, Halliburton merger under scrutiny
Apr 06, 2016 (UPI)
Baker Hughes and Halliburton, two energy services companies looking to merge, each offered firm statements of "no comment" on Justice Department pressure. The W...
Setback for Chevron in Australia
Apr 06, 2016 (UPI)
A mechanical issue at one of the facilities cooling gas to liquid form at the Gorgon project in Australia forced the shutdown of operations, Chevron said. Chevr...
Islamic State's oil revenues 'slashed' by air strikes: French experts
Apr 06, 2016 (AFP)
Air strikes targeting oil facilities controlled by the Islamic State group in Syria and Iraq have greatly eroded the jihadists' production capabilities and almo...
U.S., Israeli seek expanded energy ties
Apr 05, 2016 (UPI)
The Israeli government is certain the broad-based energy relationship with the United States will continue, the nation's energy minister said from Washington, D...
Rethinking induced seismicity
Apr 05, 2016 (SPX)
A survey of a major oil and natural gas-producing region in Western Canada suggests there may be a link between induced earthquakes and hydraulic fracturing, no...
Colorado making mixed energy strides
Apr 05, 2016 (UPI)
A Colorado energy lobbying group praised legislation it says protects the oil and gas sector, though mid-term plans may be moving toward renewables. Colorado le...
Shell sits out Norwegian licensing round
Apr 05, 2016 (UPI)
Royal Dutch Shell said it was sitting on the sidelines of a Norwegian licensing round, citing tough market conditions and emerging portfolio commitments. "This ...
US court approves $20 bn BP oil spill settlement
Apr 05, 2016 (AFP)
A US judge has signed off on the British oil giant BP's deal to pay over $20 billion to settle litigation from the deadly 2010 Gulf of Mexico oil spill. The app...
Wild ride before summer cool off at the gas pump
Apr 05, 2016 (UPI)
U.S. consumers may be in for seasonal volatility in retail gasoline prices as crude oil market dynamics contrast with refinery-side pressures, analysts said. Mo...
TransCanada examining potential Keystone leak
Apr 05, 2016 (UPI)
Pipeline company TransCanada said it closed its Keystone pipeline while it examines what it said may be a small leak from a pump station in South Dakota. TransC...
Oil prices lower on IMF's 'not-so-good news'
Apr 05, 2016 (UPI)
Crude oil prices moved lower for a second straight day as the International Monetary Fund gauged the prospects of "mediocre" economy momentum. The IMF warned Ch...
Crude oil prices start Monday on a down note
Apr 04, 2016 (UPI)
Crude oil prices drifted marginally lower in early Monday trading after Iran said it was preparing to put more of its petroleum products on the global market. C...
Wood Group lands contract extension for North Sea
Apr 04, 2016 (UPI)
British oil services company Wood Group said it was given a contract extension by a Middle East company to continue operations in the North Sea. The Abu Dhabi N...
Schlumberger, Cameron tie knot
Apr 04, 2016 (UPI)
Joining forces gives both companies an edge in drilling and production systems, oil field services company Schlumberger said after acquiring a rival. Schlumberg...
Maersk may shutter North Sea gas fields
Apr 04, 2016 (UPI)
Danish company Maersk Oil said it was looking for a viable long-term economic model for its Tyra gas complex in the North Sea otherwise it will shut it down. Ma...
North Dakota rig count dips below 30
Apr 04, 2016 (UPI)
After several weeks of showing stability, the number of rigs deployed in North Dakota dipped below 30 for the first time in years, state data show. State data s...
New Zealand pulls notifications for 2011 oil leak
Apr 04, 2016 (UPI)
A maritime regulator in New Zealand said it pulled two hazardous notifications related to the 2011 wreck of a cargo vessel, which caused oil to spill offshore. ...
Russia's Lukoil reports weak net income
Apr 04, 2016 (UPI)
Russian oil producer Lukoil said Monday its full-year 2015 profit was down more than 20 percent from the previous year, though total output increased. Lukoil, t...
Iran oil exports surpass 2 million barrels per day: minister
Apr 03, 2016 (AFP)
Iran's oil exports have surpassed 2 million barrels per day following the lifting of sanctions under its nuclear deal with world powers, Oil Minister Bijan Zang...
Oil spill tests on ice prove Arctic quests risky
Apr 03, 2016 (AFP)
The skimmer is lowered from the rear of the icebreaker, its weight pushing massive pieces of ice under the water and forcing the spilt oil up to the surface, wh...
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