OIL

10,863 articles

Major reserve discovery confirmed in Golan Heights
Oct 09, 2015 (UPI)
Genie Energy, a company with headquarters in the United States, confirmed it made a major discovery of oil and natural gas in the Golan Heights. The New Jersey-...
Encana increases shale divestment spree
Oct 08, 2015 (UPI)
Canadian energy company Encana said it would use proceeds from the sale of its Colorado shale acreage to add flexibility during the downturn in the oil economy....
Russia: No political issues with Turkish pipeline
Oct 08, 2015 (UPI)
There are no political affairs interfering with bilateral talks on building a natural gas pipeline through Turkey, Russian energy company Gazprom said. Turkey i...
Statoil contracts rolling for Johan Sverdrup
Oct 08, 2015 (UPI)
Norwegian energy company Statoil said it awarded two new contracts to help build the processing platforms for the giant offshore Johan Sverdrup oil field. Engin...
China probes former oil chief for graft
Oct 08, 2015 (AFP)
China's ruling Communist party said it is investigating the former boss of state-run energy giant Sinopec for alleged corruption -- the latest figure in the oil...
With Gabon, Tullow ensures output
Oct 08, 2015 (UPI)
Getting the nod from the Gabonese government for oil field development will help stimulate West African operations, Tullow Oil said. Tullow, which has headquart...
Oil prices brush off Wednesday's falter
Oct 08, 2015 (UPI)
Geopolitical issues gave crude oil markets another rally opportunity Thursday after strong U.S. inventory data spoiled a surge in the previous session. Brent cr...
Statoil: Oil spilled in North Sea
Oct 08, 2015 (UPI)
Norwegian energy company Statoil reported on oil leak Thursday near the Statfjord oil field in the North Sea, though it's too early to guess on volumes. The com...
U.S. crude oil export debate all but over
Oct 08, 2015 (UPI)
Threat of a presidential veto on a House measure to lift the U.S. ban on crude oil exports suggests the effort is dead in the water, a refinery group said. The ...
Canada to court Chinese energy investors
Oct 08, 2015 (UPI)
The provincial government in Alberta said its energy minister is headed to China to drum up investment interest in the oil and gas sector. "China represents eno...
Erdogan warns Russia over Turkey nuclear, gas deals
Oct 08, 2015 (AFP)
Turkish President Recep Tayyip Erdogan on Thursday warned Russia that Ankara has alternatives to Moscow for building its first nuclear power plant and importing...
U.S. oil production to decline
Oct 07, 2015 (UPI)
Weak economics in the energy sector may lead to a general decline in total U.S. crude oil production, a short-term federal market report finds. The U.S. Energy ...
IMF: Low price of oil weakens Iran
Oct 07, 2015 (UPI)
The Iranian economy is weaker because of low crude oil prices, but sanctions relief could help with recovery beyond 2016, the International Monetary Fund said. ...
U.S. slowdown lifts oil prices
Oct 07, 2015 (UPI)
Crude oil prices continued a strong forward push Wednesday amid gathering signs the weak market is hurting the trajectory in U.S. shale oil basins. Brent crude ...
U.S. non-crude petroleum exports on the rise
Oct 07, 2015 (UPI)
The export of petroleum products not classified as crude oil has increased by a factor of four in the last decade, the U.S. energy secretary said. A Senate comm...
California shale reserve estimate low
Oct 07, 2015 (UPI)
A federal revision of the estimated reserves in the Monterey shale oil and gas formation in California is small compared with previous studies, the USGS said. T...
Wood Group lands contract in Kazakhstan
Oct 07, 2015 (UPI)
Scottish oil field services company Wood Group said it secured a contract to help increase storage capacity at an oil field in Kazakhstan. The company was award...
Ocean bacteria produces millions of tonnes of hydrocarbons each year
Oct 07, 2015 (SPX)
An international team of researchers, led by the University of Cambridge, has estimated the amount of hydrocarbons - the primary ingredient in crude oil - that ...
Israel upbeat on Golan oil potential
Oct 07, 2015 (UPI)
An Israeli oil and natural gas company estimates there may be enough reserves in the occupied Golan Heights to make the country self-sufficient in energy. Yuval...
Canadians cozy with Americans despite pipeline woes: polling
Oct 06, 2015 (AFP)
An exhausting seven-year wait for US President Barack Obama to approve, or not, a controversial North American pipeline has not soured Canadians' view of their ...
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