OIL

10,863 articles

Shell working to protect assets offshore Alaska
Dec 17, 2015 (UPI)
While Royal Dutch Shell said it aims to protect its drilling rights in the Arctic waters offshore Alaska, it said drilling was off the table for the foreseeable...
Oil rises on good U.S. labor figures
Dec 17, 2015 (UPI)
Signs of steady growth in the U.S. economy lifted crude oil prices in early Thursday trading, though the market still heavily favors the supply side. The U.S. L...
Canadian oil sector resilient -- sort of
Dec 17, 2015 (UPI)
Short-term growth for Canadian oil sands remains robust through 2020, though direction beyond that is uncertain, a sector research report finds. Lower crude oil...
Putin says worst of economic crisis over
Dec 17, 2015 (UPI)
The Russian economy, burdened by sanctions and lower crude oil prices, has largely passed over the worst of the crisis, President Vladimir Putin said. Putin sai...
Natural or manmade quakes? New technique can tell the difference
Dec 17, 2015 (SPX)
A new study by Stanford researchers suggests that earthquakes triggered by human activity follow several indicative patterns that could help scientists distingu...
Hurdle cleared for offshore Israeli gas development
Dec 17, 2015 (UPI)
The Leviathan gas field, one of the largest in the world, is open to market access following an Israeli regulatory decision, Noble Energy said. The government o...
Obama expected to sign off on ending oil export ban
Dec 17, 2015 (UPI)
President Obama is expected to sign a bill that would lift a crude oil export ban because it's balanced by renewable energy incentives, a research note said. Af...
U.S. crude oil export no longer banned under Congressional deal
Dec 16, 2015 (UPI)
Congress is set to avoid a U.S. government shutdown after reaching a broad financial deal that would also lift a 40-year-old ban on crude oil exports. Congressi...
Fracking plays active role in generating toxic metal wastewater
Dec 16, 2015 (SPX)
The production of hazardous wastewater in hydraulic fracturing is assumed to be partly due to chemicals introduced into injected freshwater when it mixes with h...
Some gas produced by hydraulic fracturing comes from surprise source
Dec 16, 2015 (SPX)
Some of the natural gas harvested by hydraulic fracturing operations may be of biological origin - made by microorganisms inadvertently injected into shale by o...
Britain approves national park fracking plans
Dec 16, 2015 (AFP)
British MPs on Wednesday voted in favour of allowing fracking under national parks, despite earlier promises of a ban. MPs voted by 298 to 261 in favour of exte...
Average gas price hovers near $2 per gallon, lowest since 2009
Dec 15, 2015 (UPI)
The average national price of unleaded regular gasoline is poised to fall below the $2 per gallon threshold, AAA reported Tuesday. At $2.013 per gallon, the ave...
Oil export ban is last obstacle to passage of spending bill
Dec 15, 2015 (UPI)
A clash in Congress over a ban on oil exports is the last obstacle to passing a spending bill by the end of 2015. Senate Minority Leader Harry Reid, D-Nev., sai...
US efforts to stem IS oil yield results
Dec 15, 2015 (AFP)
Stepped-up attacks against the oil infrastructure of the Islamic State group have hurt its bottom line, a senior US official said Tuesday, as the Obama administ...
Encana latest to trim 2016 budget
Dec 14, 2015 (UPI)
Canadian energy company Encana said it was cutting its capital program for 2016 by 25 percent, though nearly all of its spending would focus on four key areas. ...
Scientists develop diesel that emits far less CO2
Dec 14, 2015 (SPX)
Researchers from KU Leuven and Utrecht University have discovered a new approach to the production of fuels. Their new method can be used to produce much cleane...
Another day, another drop in oil prices
Dec 14, 2015 (UPI)
Crude oil prices suffered another loss Monday, with Brent taking the biggest hit on the back of pessimistic spending forecasts from big energy companies. Crude ...
North Dakota rig activity stable
Dec 14, 2015 (UPI)
Despite a steep drop in crude oil prices, the number of rigs engaged in exploration and production North Dakota is showing stability, state data show. The North...
Exxon starts new work in Indonesia
Dec 14, 2015 (UPI)
ExxonMobil said it started operations at an onshore processing facility that will help boost oil production in Indonesia, the newest member of OPEC. Exxon start...
Seismic energy company Dolphin goes bust
Dec 14, 2015 (UPI)
Seismic energy company Dolphin Group, headquartered in Norway, says it is considering bankruptcy proceedings because of the weak energy market. The company said...
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