OIL

10,863 articles

Shell clears last hurdle for BG Group merger
Dec 14, 2015 (UPI)
After clearing the last regulatory hurdle, Royal Dutch Shell said its planned merger with BG Group will require restructuring and a reduction in head counts. Th...
Shell wins Chinese clearance for BG takeover
Dec 14, 2015 (AFP)
Energy major Shell's vast takeover of British rival BG Group has won approval from the Chinese government, it said Monday. Shell's 55-billion pound (US$84-billi...
Strippers Suffering From Low Oil Prices
Dec 14, 2015 (SPX)
With Prices Below $50, what is a stripper to do? With OPEC breaking down and any kind of coordination among its members on price cuts looking increasingly unlik...
Oil prices slip further in Asia on supply woes
Dec 14, 2015 (AFP)
Oil prices extended losses in Asia on Monday on fears that a global supply glut will last another year, with analysts saying the Paris climate deal likely will ...
Repsol steps back from U.S. shale
Dec 11, 2015 (UPI)
Spanish energy company Repsol said it was offering up a portion of its holdings in a U.S. shale basin in favor of a position in operations offshore Norway. Reps...
BP makes headway in North Sea campaign
Dec 11, 2015 (UPI)
British energy company BP said it started sea trials for a floating production platform that will serve as a hub for developments west of the Shetland Islands. ...
Russian gas output could be lower
Dec 11, 2015 (UPI)
Full-year Russian natural gas production could be off by about 2 percent because of what the government said was expectations of lower consumption. Russian Depu...
Oil prices continue sharp decline
Dec 11, 2015 (UPI)
Oil prices tumbled lower in Friday trading after the International Energy Agency became the latest to forecast a supply-heavy market enduring through 2016. "Glo...
Total starts new work offshore Congo
Dec 11, 2015 (UPI)
French energy company Total said it secured a stronger foothold offshore Africa with the start of deep-water operations in Congolese waters. Total said Friday i...
Murkowski: Oil the answer to national security
Dec 11, 2015 (UPI)
Lifting a ban on U.S. crude oil exports could help address security issues for allies overseas more exposed to regional crises, U.S. Sen. Lisa Murkowski said. T...
Shell reviews New Zealand business
Dec 10, 2015 (UPI)
Royal Dutch Shell said it was reviewing its portfolio in New Zealand as it works to streamline operations in a weakened crude oil market. "In keeping with compa...
Oil services company Technip denies merger talks
Dec 10, 2015 (UPI)
French oil field services company Technip denied speculation it was headed into a potential merger, touting its position as a world leader in the field. "Follow...
Is Enbridge pipeline the next Keystone?
Dec 10, 2015 (UPI)
A U.S. court in Minnesota said it lacked authority in a challenge to moves by Enbribge Energy to expand shipments through its Alberta Clipper oil pipeline. Enbr...
Why Is The US Reluctant To Bomb ISIS Oil Fields?
Dec 10, 2015 (SPX)
There has been some revealing new information coming out recently regarding the strategy against ISIS. One aspect many find troubling is the apparent failure of...
Could Saudi oil obstruct a Paris climate deal?
Dec 10, 2015 (AFP)
Saudi Arabia, the world's biggest crude oil exporter, has a lot to lose if the global economy shifts to clean energy. So at 195-nation UN talks in Paris aimed a...
Chevron cuts 2016 budget
Dec 10, 2015 (UPI)
U.S. supermajor Chevron Corp. said it was cutting its budget for next year by nearly a quarter as it focuses on options it considers reliable in the downturn. T...
OPEC strikes again
Dec 10, 2015 (UPI)
Expectations from OPEC of tepid economic recovery next year added downward pressure to oil prices, pushing Brent back below the $40 mark early Thursday. Ministe...
North Dakota oil sector bracing for slump
Dec 10, 2015 (UPI)
North Dakota oil producers increased production in October in a spasm of activity as signs emerge of a prolonged slump, a state report finds. The North Dakota I...
Conoco latest to trim spending for 2016
Dec 10, 2015 (UPI)
ConocoPhillips said Thursday it was preparing for a sustained period of lower crude oil prices by making significant reductions in capital and operating costs. ...
Texas drilling activity slumps
Dec 09, 2015 (UPI)
Year-on-year, the level of new drilling activity in Texas in November was down by more than half, a state regulator reported. The Railroad Commission of Texas, ...
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