OIL

10,863 articles

U.S. shale player Pioneer expects higher output
Jan 06, 2016 (UPI)
U.S. shale player Pioneer Natural Resources said it aims to boost production by at least 10 percent and spend around $2.6 billion despite the weakened market. P...
Kurds make payments for oil exports
Jan 06, 2016 (UPI)
Energy companies working in the Kurdish north of Iraq said they've received payments from the regional government for crude oil exports. Norwegian energy compan...
Appetite for mergers in energy sector drying up
Jan 06, 2016 (UPI)
Despite some planned mega-mergers, market uncertainty meant few companies were willing to join forces in last year's weakened energy economy, analysis finds. An...
Oil takes it on the chin with heavy losses
Jan 06, 2016 (UPI)
Crude oil prices suffered heavy losses in early Wednesday trading as macroeconomic concerns continued to trump worries over Middle East tensions. Crude oil pric...
TransCanada to sue US for $15 bn over pipeline rejection
Jan 06, 2016 (AFP)
TransCanada will sue the US government for US$15 billion for blocking its controversial project for an oil pipeline linking Canada with the Gulf of Mexico, the ...
TransCanada to sue US for $15 bn over Keystone XL pipeline rejection
Jan 06, 2016 (AFP)
TransCanada said Wednesday it will sue the US government for US$15 billion for blocking its project for an oil pipeline linking Canada with the Gulf of Mexico. ...
Faroe Petroleum ups reserve estimate
Jan 06, 2016 (UPI)
Riding on the potential of its Norwegian assets, mid-sized energy company Faroe Petroleum said its reserve holdings for 2015 nearly doubled. The company said an...
Statoil awards $1.2 billion in offshore contracts
Jan 05, 2016 (UPI)
Norwegian energy company Statoil said it awarded contracts worth an estimated $1.2 billion for work on the country's continental shelf. Statoil awarded long-ter...
Gas prices stay below $2 per gallon
Jan 05, 2016 (UPI)
An abundant supply of crude oil means U.S. motorists could continue to enjoy the economic benefits of lower retail gasoline prices, market analysis find. Motor ...
U.S. oil storage at record high
Jan 05, 2016 (UPI)
The amount of crude oil held at the main U.S. storage hub in Cushing, Okla., set a record to start off 2016, market analysis from Genscape finds. By more than 3...
Suncor takes turn in shareholder push
Jan 05, 2016 (UPI)
In a persuasion tit-for-tat, Suncor called on shareholders at Canadian Oil Sands Ltd. to agree to their bid before it expires Friday in order to protect value. ...
Oil prices turn lower as attention turns to China
Jan 05, 2016 (UPI)
Global economic concerns moved to the forefront on the second trading day in 2016, erasing oil price gains sparked Monday by tensions in the Middle East. Follow...
Oklahoma proposes oil restrictions after quakes
Jan 05, 2016 (UPI)
A state regulator in Oklahoma said it was proposing new plans for how oil and gas operators work in shale basins given the recent occurrence of earthquakes. The...
Putin reviews environmental agenda
Jan 05, 2016 (UPI)
Weeks after a breakthrough U.N. agreement on climate issues, Russian President Vladimir Putin said next year would be the year of the environment in Russia. "Th...
Cairn finds oil off the coast of Senegal
Jan 04, 2016 (UPI)
Scottish energy company Cairn Energy said it was reviewing multiple samples of oil pulled from an appraisal well off the coast of Senegal. During testing, oil f...
Oil-rich Saudi Arabia facing rough year
Jan 04, 2016 (UPI)
This year could be challenging for a Saudi Arabia facing economic pressure from lower crude oil prices amid neighborhood security risks, analysis finds. Lower c...
Canadian Oil Sands declares independence
Jan 04, 2016 (UPI)
In a declaration of independence, Canadian Oil Sands Ltd. urged shareholders to reject a hostile bid from rival Suncor before the offer expires on Friday. "Sunc...
Iran tensions pull crude oil prices higher
Jan 04, 2016 (UPI)
On the first full trading day of the year, political rifts in the Middle East overshadowed market concerns in Asia to push crude oil prices higher on Monday. Sa...
Statoil to review CCS potential offshore Norway
Jan 04, 2016 (UPI)
Norwegian energy company Statoil said it was tasked by the government in Oslo to study ways to store carbon dioxide on the country's continental shelf. The comp...
British energy sector facing risks
Jan 04, 2016 (UPI)
The British oil and gas industry showed resiliency during last year's market downturn, but should be prepared for challenges in 2016, Oil and Gas U.K. said. The...
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