OIL

10,863 articles

Alberta asked to review Suncor bid for rival
Nov 06, 2015 (UPI)
A move to involve Alberta regulators in the $3.2 billion takeover launched by Suncor is a "smokescreen" hiding the low-ball offer, Canadian Oil Sands said. Sunc...
Exxon Mobil calls climate change accusations inaccurate
Nov 06, 2015 (UPI)
U.S. supermajor Exxon Mobil says it's aware of a New York probe into climate change research, but stressed many of the charges made against it are misleading. I...
BP engineer cleared of obstruction charges in US spill
Nov 06, 2015 (AFP)
A drilling engineer for British oil giant BP was cleared of obstructing justice during 2010 Gulf of Mexico oil spill, his lawyers said Friday. Kurt Mix, who wor...
Sechin: Russia can meet Japan's entire demand for LNG
Nov 06, 2015 (UPI)
One of the most powerful men in Russia said the country has the reserves on hand to satisfy Japan's entire demand for liquefied natural gas. "Gas resources are ...
Maersk Oil posts heavy loss
Nov 06, 2015 (UPI)
Denmark's largest company, Maersk, said it was severely impacted by weak market conditions, with profits for its oil arm down more than 80 percent. Maersk Oil s...
Obama rejects Canada's Keystone XL pipeline to US
Nov 06, 2015 (AFP)
US President Barack Obama on Friday blocked the Keystone XL oil pipeline that Canada sought to build into the United States, ruling it would harm the fight agai...
Halliburton raising cash for Baker Hughes grab
Nov 06, 2015 (UPI)
U.S. oil services company Halliburton said it was offering five tranches of senior notes, using the proceeds to help finance the acquisition of Baker Hughes. Ha...
Justin Trudeau stumps for low-carbon economy
Nov 05, 2015 (UPI)
During challenging times, Canadian Prime Minister Justin Trudeau said the nation's economy and job growth would revive on the back of cleaner energy. In a last-...
Transocean hobbled by weak market
Nov 05, 2015 (UPI)
Offshore rig company Transocean reported an adjusted net income for the third quarter that was more than 20 percent less than the previous quarter. Total revenu...
ExxonMobil probed on climate science
Nov 05, 2015 (AFP)
ExxonMobil is being investigated by New York state on whether it lied to the public about the risks of climate change, a spokesman for New York's top prosecutor...
More reserves found offshore Congo
Nov 05, 2015 (UPI)
West African oil and gas basins are showing signs of growth, with Italian energy company Eni the latest to announce a discovery off the coast of the Congo. The ...
Oil sector employment in Norway falters
Nov 05, 2015 (UPI)
Even before the price of crude oil started its steady decline, Norway's government reported employment in the petroleum sector was dwindling. Economic growth ha...
From where do you want your oil, TransCanada asks
Nov 05, 2015 (UPI)
The fundamental question over the Keystone XL debate is whether to use domestic oil or oil imported from Venezuela or the Middle East, TransCanada said. TransCa...
Crude oil prices unchanged after previous beating
Nov 05, 2015 (UPI)
Crude oil prices were flat at the start of the trading day Thursday, as supply-side pressures balance against signs of renewed life in the Chinese economy. Oil ...
Continental Resources expects to produce more
Nov 05, 2015 (UPI)
Continental Resources, one of the largest oil and gas producers in U.S. shale basins, said it expects output to increase despite market downturn pressures. Cont...
Environmental cost of tapping alternate sources for water, oil
Nov 04, 2015 (SPX)
Saudi Arabia is known as one of the top oil producing countries in the world. However, it may have never earned that reputation if not for a quest to find fresh...
U.S. shale leader Range sells Virginia shale assets for $876M
Nov 04, 2015 (UPI)
U.S. shale leader Range Resources said it was selling off its holdings in Virginia to bring value forward at a time when the industry is in a downturn. Range sa...
Saudi says fossil fuels still needed despite global warming fears
Nov 04, 2015 (AFP)
Leading crude exporter Saudi Arabia supports efforts to limit global warming but believes fossil fuels should remain part of the world energy mix, Oil Minister ...
SOCO gives up oil license in proteced DRC park
Nov 04, 2015 (UPI)
British oil company SOCO International said it no longer held a stake in an exploration license located in a DRC national park, home to mountain gorillas. SOCO ...
Oil rally loses steam
Nov 04, 2015 (UPI)
Crude oil prices lost some momentum in early Wednesday trading, after a rally sparked in part by labor strikes in the Brazilian oil sector. Crude oil prices sur...
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