OIL

10,863 articles

Exxon boasts of balance during downturn
Oct 30, 2015 (UPI)
U.S. supermajor Exxon Mobil said declines in its exploration and production operations were offset by gains downstream, where lower prices actually helped. "Qua...
Conoco producing more in over-supplied market
Oct 30, 2015 (UPI)
Nearly across the board, ConocoPhillips reported net production for the third quarter increased at a time when oversupplies are hurting corporate profits. "We a...
South African waters drawing in energy companies
Oct 30, 2015 (UPI)
Southern African waters drew more interest from energy explorers with Norway's Statoil and Italy's Eni wading into Mozambique waters. Statoil and Eni were among...
US firm ordered to pay more over China oil spill: court
Oct 30, 2015 (AFP)
A Chinese court has ordered US oil giant ConocoPhillips to pay additional compensation to 21 fishermen over an oil spill more than four years ago, a statement s...
Industry lobbies for Atlantic drilling
Oct 30, 2015 (UPI)
Industry supporters have started an ad blitz in southern U.S. states, arguing offshore oil and gas exploration can exist side-by-side with the environment. Nort...
Crude oil prices steady early Friday
Oct 30, 2015 (UPI)
Crude oil prices stood pat in early Friday trading, as a midweek rally was offset by lingering concerns of macroeconomic growth and geopolitical issues. Brent, ...
PetroChina frets over future growth
Oct 30, 2015 (UPI)
Net profits are expected to decrease significantly if crude oil prices remain low during the fourth quarter, one of China's largest producers warned. PetroChina...
Shell mulls options offshore Alaska
Oct 29, 2015 (UPI)
Despite regulatory and exploration setbacks for the arctic waters off the coast of Alaska, Royal Dutch Shell said it was keen on protecting its regional assets....
Oil mixed after Fed decision
Oct 29, 2015 (UPI)
Crude oil prices started Thursday in the black, riding the momentum sparked by sentiment from the U.S. Federal Reserve that economic activity was expanding. Cru...
Canada's Suncor producing more oil
Oct 29, 2015 (UPI)
Canadian oil company Suncor said production for the third quarter was up 9 percent year-on-year at a time when surplus is driving industry profits down. "Our fo...
New oil production begins in Gulf of Mexico
Oct 29, 2015 (UPI)
The Big Bend project, a new single-well field online in the Gulf of Mexico, is on pace to reach maximum output before the end of November, Noble Energy said. No...
Eni: $55 per barrel oil what we need
Oct 29, 2015 (UPI)
Italian energy company Eni said it would be able to cover its operational plans for 2015 assuming an average oil price of around $55 per barrel. Eni boasted of ...
Norway looks for silver lining in weak oil climate
Oct 29, 2015 (UPI)
Though lower crude oil prices continue to drag on the Norwegian economy, the government said it expects some form of recovery by late 2016. A publication from S...
New European gas line inching forward
Oct 29, 2015 (UPI)
A pipeline consortium planning to send more non-Russian gas to the European market said it was on pace to start consortium by next year. The Trans-Adriatic Pipe...
On the road to ANG vehicles
Oct 29, 2015 (SPX)
With new makes of all-electric and hybrid automobiles seeming to emerge as fast as the colors of fall, it is easy to overlook another alternative to gasoline en...
Statoil makes debut in South Africa
Oct 29, 2015 (UPI)
Norwegian energy company Statoil said that, for the first time ever, it was studying the potential reserves off the coast of South Africa. Statoil, for an undis...
Canadian market forces Shell's hand
Oct 28, 2015 (UPI)
An uncertain market and the lack of infrastructure needed to move Canadian oil to the global market means it's time to scrap an Alberta oil project, Shell said....
Chemists find better way to pack natural gas into fuel tanks
Oct 28, 2015 (SPX)
A new and innovative way to store methane could speed the development of natural gas-powered cars that don't require the high pressures or cold temperatures of ...
Eni sells stake in subsidiary Saipem
Oct 28, 2015 (UPI)
Italian energy company Eni said it was selling shares in its oil services subsidiary Saipem to finance the development of its oil and natural gas reserves. Eni ...
Anadarko drilling for less in U.S. shale
Oct 28, 2015 (UPI)
While taking a hefty loss for the quarter, U.S. oil and gas company Anadarko Petroleum said it was able to improve costs at operations in domestic shale basins....
Buy Advertising About Us Editorial & Other Enquiries Privacy statement
The content herein, unless otherwise known to be public domain, is Copyright 1995-2026 Space Media Network. All websites are published in Australia and are solely subject to Australian law and governed by Fair Use principles for news reporting and research purposes.