OIL

10,863 articles

Researchers find new, inexpensive way to clean water from oil sands production
Nov 30, 2015 (SPX)
Researchers have developed a process to remove contaminants from oil sands wastewater using only sunlight and nanoparticles that is more effective and inexpensi...
Oil countries only slowly warming to climate challenge
Nov 28, 2015 (AFP)
Global oil producers, who provide the world with much of the fossil fuel that causes global warming, are in no hurry to brighten up their own image as climate d...
PetroChina sells pipeline stake amid reforms push
Nov 27, 2015 (AFP)
State-owned Chinese oil giant PetroChina will sell half of a subsidiary that operates pipelines across central Asia for $2.4 billion, it said, raising hopes of ...
Rail will temporarily fill Keystone XL vacuum
Nov 25, 2015 (UPI)
The rejection of the Keystone XL pipeline will put more oil on North American rails, but new pipelines will in time come to take up the slack, a report finds. I...
BG Group builds Australian LNG profile
Nov 25, 2015 (UPI)
BG Group, one of Australia's largest natural gas producers, announced it strengthened its grip in the region with new advances in liquefied natural gas. The com...
Economy returns to haunt oil prices
Nov 25, 2015 (UPI)
Macroeconomic concerns emerged as factors weighing on crude oil prices after tensions surrounding Middle East violence eased in Wednesday trading. Belgian secur...
Ukraine says it will buy more Russian gas when needed
Nov 25, 2015 (UPI)
A Ukrainian natural gas company said it expects to receive prepaid gas from Russia and future deliveries may come as demand levels dictate. Russian natural gas ...
Major oil gains came from outside OPEC
Nov 25, 2015 (UPI)
There was modest growth in oil and gas reserves globally, though the majority came from the United States in 2014, a global oil and gas review found. Italian en...
Apache Corp. stable after takeover bid
Nov 25, 2015 (UPI)
In the wake of a takeover bid, the credit outlook for energy company Apache Corp. is stable given its track record of solid performance, Fitch Ratings said. "Ap...
Oil rallies on geopolitical tensions
Nov 24, 2015 (UPI)
Geopolitical concerns trumped economic fundamentals in Tuesday trading in New York as major crude oil indices rallied 2 percent from the previous close. Crude o...
EIA: Texas oil standout for U.S. shale
Nov 24, 2015 (UPI)
More than half of the increase in proven U.S. oil reserves came from Texas and most of that came from two shale basins, a U.S. federal report found. A full-year...
Oil surges after Turkey shoots down Russian jet
Nov 24, 2015 (AFP)
Global oil prices surged higher Tuesday after Turkey shot down a Russian warplane on the Syrian border, sparking concerns about rising in the oil-rich Middle Ea...
Saudis Planning For A War Of Attrition In Europe With Russia's Oil Industry
Nov 24, 2015 (SPX)
Russia's central bank recently warned about the growing financial risks to the Russian economy from Saudi Arabia encroaching upon its traditional export market ...
Norway expects steep drop in rig activity
Nov 24, 2015 (UPI)
There should be a steep drop in the number of rigs deployed for exploration of oil and gas reserves offshore Norway, national statistics show. Lower crude oil p...
AAA takes long view on gas prices
Nov 24, 2015 (UPI)
While short-term spikes may be expected in some retail markets, U.S. drivers this upcoming holiday are paying record low prices for gasoline, AAA said. The moto...
Sweden sets goal of fossil-free economy
Nov 24, 2015 (UPI)
The Swedish government said it has a "minister for the future" that aims to steer the country toward a fossil-free economy by 2030. The Swedish government said ...
Slow movement in North Dakota rig deployment
Nov 23, 2015 (UPI)
As crude oil prices drift lower during the last weeks of 2015, the No. 2 oil producer in the nation, North Dakota, reported little movement in rig activity. Wes...
Transocean to delist from Swiss exchange
Nov 23, 2015 (UPI)
Offshore rig company Transocean said it was taking down its stock position from the Swiss exchange, with approval set for the end of the year. Transocean announ...
Russian oil producer adds to global glut
Nov 23, 2015 (UPI)
Russian oil producer Gazprom Neft added to the oversupplied market, saying its output for the first nine months of the year increased more than 20 percent. Crud...
Norwegian energy giant addresses climate concerns
Nov 23, 2015 (UPI)
Oil and gas will continue playing a strong role in the global energy sector, but climate issues are sparking an industry sea change, the head of Statoil said. M...
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