OIL

10,863 articles

Iraq PM calls for legal action over oil bribery scandal
Apr 02, 2016 (AFP)
Iraqi Prime Minister Haider al-Abadi called Saturday for legal action over allegations that senior officials took millions of dollars in bribes to help major fi...
Gazprom focusing efforts on Eastern Europe
Apr 01, 2016 (UPI)
Russian energy company Gazprom said it was working to meet the full gas demands for South Ossetia, a republic near the center of rows over European power. Gazpr...
Oil prices back to square one
Apr 01, 2016 (UPI)
Oil prices took one of their biggest hits of the year Friday as pressure from Riyadh's response to a production freeze was doubled by weak U.S. labor figures. M...
Australian company Santos charting new path
Apr 01, 2016 (UPI)
Australian energy company Santos said Friday it drafted a new team of executives tasked with setting up an operating model to navigate the low oil price era. Th...
Austrian energy company OMV moving closer to Russia
Apr 01, 2016 (UPI)
Austrian energy company OMV said Friday it was building stronger ties with its Russian partners, noting markets were conducive to tight cooperation. OMV and Rus...
Maersk Oil to close Houston office
Apr 01, 2016 (UPI)
Danish oil company Maersk said it would manage its U.S. assets in the Gulf of Mexico from Copenhagen as it moves to shut down its offices in Houston. Directly e...
Outlook for Chinese energy companies lowered
Apr 01, 2016 (UPI)
Chinese oil and gas companies are among the government-related entities facing credit pressures over the next two years, Standard & Poor's said Friday. More tha...
Rosneft boosts profits, cuts debt
Mar 31, 2016 (UPI)
Russian oil company Rosneft said Thursday its gain in 2015 net profits and the decline in debt meant it was performing well against a weak market backdrop. "The...
Oil prices mixed on dual market strains
Mar 31, 2016 (UPI)
Movement in oil prices in early Thursday trading was influenced positively by bank forecasts, but dampened by supply-side strains brought on in part by Iran. A ...
Statoil steaming ahead with Johan Sverdrup
Mar 31, 2016 (UPI)
Norwegian energy company Statoil said Thursday construction on parts of the drilling infrastructure necessary to tap into the giant Johan Sverdrup are underway....
Azerbaijan: U.S. support for gas networks vital
Mar 31, 2016 (UPI)
A natural gas artery aimed at transferring Azeri natural gas to Europe wouldn't have advanced without strong U.S. support, Azerbaijan's president said. U.S. Sec...
Hercules Offshore: Few bright spots ahead
Mar 31, 2016 (UPI)
Prospects for drilling services for oil and gas won't improve without a recovery in crude oil prices, the head of U.S. rig company Hercules Offshore said. The c...
Shell target of Nigerian corruption probe
Mar 31, 2016 (UPI)
Transparency advocates said Royal Dutch Shell and its partners in Nigeria may have exposed shareholders to a high level of risk in a corrupt system. Global Witn...
Report: Libya's oil-based economy ripe for corruption
Mar 31, 2016 (UPI)
Though the fundamentals of the oil-based economy remain weak, the United Nations and Western leaders expressed support for prosperity in Libya. Members of a U.N...
Fracking linked to most induced earthquakes in Western Canada
Mar 30, 2016 (SPX)
A survey of a major oil and natural gas-producing region in Western Canada suggests a link between hydraulic fracturing or "fracking" and induced earthquakes in...
U.S. stands ready to help diversify Nigeria's economy
Mar 30, 2016 (UPI)
The United States stands ready to assist Nigeria in diversifying its economy beyond the oil sector, a regional U.S. secretary said from Washington, D.C. The Int...
US lifted the crude oil export ban, and exports went down
Mar 30, 2016 (SPX)
Just over three months after the authorities lifted the four-decade ban on crude oil exports, the U.S. has actually exported less this year than it did over the...
The Current Oil Price Rally Is Reaching Its Limits
Mar 30, 2016 (SPX)
Oil prices have climbed by about 50 percent from their February lows, topping $40 per barrel. But the rally could be reaching its limits, at least temporarily, ...
Exxon defends climate record
Mar 30, 2016 (UPI)
Charges that Exxon Mobil misled the public about the potential industry impacts on the environment are tainted by political motivations, the company said. The a...
Gazprom weighing its European options
Mar 30, 2016 (UPI)
Paris hosted a delegation of Russian energy officials to review French natural gas needs and prospects for pipeline development, Gazprom said. Gazprom Chairman ...
Buy Advertising About Us Editorial & Other Enquiries Privacy statement
The content herein, unless otherwise known to be public domain, is Copyright 1995-2026 Space Media Network. All websites are published in Australia and are solely subject to Australian law and governed by Fair Use principles for news reporting and research purposes.