OIL

10,863 articles

Total signs agreement with Iran
Jan 29, 2016 (UPI)
French energy company Total said it signed a framework agreement to purchase crude oil from Iran during the Iranian president's trade visit to Paris. Total Chai...
Chevron posts first loss in more than 10 years
Jan 29, 2016 (UPI)
U.S. energy major Chevron Corp. said fourth quarter earnings were down sharply from last year and there are few signs of relief looking ahead. Chevron reported ...
Lundin trims spending, but output will be higher
Jan 29, 2016 (UPI)
Swedish energy company Lundin Petroleum said it expected a strong production performance under a disciplined spending plan in the market downturn. "More than ev...
Texas to share shale strategies with Mexico
Jan 29, 2016 (UPI)
Texas energy officials said they were offering advice to their Mexican counterparts on how best to create the necessary culture for potential shale exploration....
Russian Central Bank sees risk from oil
Jan 29, 2016 (UPI)
The Central Bank of Russia said it was keeping its key rate unchanged, saying lower crude oil prices could lead to an accelerated rate of inflation. The Bank of...
Baker Hughes posts hefty loss
Jan 28, 2016 (UPI)
Oilfield services company Baker Hughes said results for the fourth quarter of 2015 reflected what the company's CEO said was an "extremely" rough climate. "Our ...
Enbridge builds footprint in Montney shale
Jan 28, 2016 (UPI)
Spending $380 million to build a stronger footprint in the Montney shale basin in Canada fits with creating a low-risk profile, Enbridge Inc. said. Enbridge acq...
Oil prices soar on production rumors, U.S. labor
Jan 28, 2016 (UPI)
Strong U.S. labor figures and potential cooperation between Russia and some OPEC members pushed crude prices well into the black in early Thursday trading. The ...
Canadian oil constricted without new pipelines
Jan 28, 2016 (UPI)
Canadian oil production is on pace to increase substantially, though momentum may be throttled without new pipelines, federal analysis finds. The federal Nation...
U.S. oil exports relatively unchanged
Jan 28, 2016 (UPI)
Though a 40-year-ban on crude oil exports from the United States was lifted, federal data show total crude oil exports up only marginally from last year. Tradin...
Increasing oil's performance with crumpled graphene balls
Jan 28, 2016 (SPX)
When an automobile's engine is improperly lubricated, it can be a major hit to the pocketbook and the environment. For the average car, 15 percent of the fuel c...
In Gulf Of Mexico, microbes thrive above natural oil seeps
Jan 28, 2016 (SPX)
In the water above natural oil seeps in the Gulf of Mexico, where oil and gas bubbles rise almost a mile to break at the surface, scientists have discovered som...
BG shareholders still reviewing Shell merger
Jan 28, 2016 (UPI)
Shareholders for BG Group were said to be still in discussions on the tie-up with Royal Dutch Shell for what could be the largest merger of its kind in decades....
Continental Resources sees output dwindling
Jan 27, 2016 (UPI)
U.S. shale player Continental Resources said weakness in the energy sector will manifest itself in a slow decline in overall production through 2016. Continenta...
Canada to consider CO2 emissions in approving new pipelines
Jan 27, 2016 (AFP)
Canada's environment and resources ministers announced Wednesday a new framework for approving the construction of pipelines that must consider the direct and u...
Crude oil prices fade after inventory build
Jan 27, 2016 (UPI)
Crude oil prices retreated into negative territory in early Wednesday trading amid data showing important economies were still oversupplied. Crude oil prices po...
Shell shareholders approve merger with BG Group
Jan 27, 2016 (UPI)
More than 80 percent of shareholders in Royal Dutch Shell voted in favor of combining with British energy company BG Group, the Dutch supermajor said. "I am del...
Oil not moving in favor of Texas
Jan 27, 2016 (UPI)
Though oil production continues to withstand weaker prices, the environment in the Texas oil and gas sector is in decline, an economist said. "We've not begun t...
Bill Barrett Corp. weighing 2016 options
Jan 27, 2016 (UPI)
Bill Barrett Corp., which focuses on Colorado shale, said it was weighing its options for 2016 after reported a 9 percent decline in 2015 capital expenditures. ...
Scotland wants tax support for North Sea energy
Jan 27, 2016 (UPI)
The Scottish government said it would call on its British counterparts to create a favorable climate for North Sea investments in exploration and production. "T...
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