OIL

10,863 articles

Recovery sentiment lifts oil prices
Oct 06, 2015 (UPI)
European support for Greek economic recovery and industry sentiments of upward momentum helped lift crude oil prices in early Tuesday trading. West Texas Interm...
Rating for Chesapeake Energy lowered
Oct 06, 2015 (UPI)
The credit rating for U.S. shale player Chesapeake Energy was downgraded because of cash flow problems in the weak market, Moody's said. Moody's Investors Servi...
Gazprom: Nord Stream II not a new project
Oct 06, 2015 (UPI)
Parties to the twin Nord Stream pipeline through the Baltic Sea are covered for plans to expand the existing infrastructure, Russia's Gazprom said. Gazprom Chai...
Wood Group names new CEO
Oct 06, 2015 (UPI)
Scottish oil field services company Wood Group said naming board member Robin Watson as its new chief executive officer is part of a natural evolution. Watson, ...
NYT: Oil export push well-funded machine
Oct 06, 2015 (UPI)
The push to ease the ban on U.S. crude oil exports is a well-funded effort akin to a presidential campaign in terms of its political machinery, a report finds. ...
Prices at U.S. pumps hold steady
Oct 06, 2015 (UPI)
Regional refinery issues in the United States means average gas price trends are flirting with a historical move upward, market analysis finds. Though unchanged...
Canadian Oil Sands mulls takeover offer
Oct 06, 2015 (UPI)
The unsolicited bid put on the table by Suncor Energy is far below what represents a fair value, a main shareholder at target Canadian Oil Sands said. Suncor En...
Oil prices up on word of market review
Oct 05, 2015 (UPI)
Signs of a slowdown in U.S. exploration and production and moves outside North America to consider market conditions pushed crude oil prices upward Monday. West...
Lundin taps Barents Sea prospect
Oct 05, 2015 (UPI)
It's expected to take around 40 days to tap into a Barents Sea prospect estimated to hold at least 200 million barrels of oil equivalent, Lundin Petroleum said....
North Dakota rig count drops
Oct 05, 2015 (UPI)
North Dakota nearly erased recent gains in the number of rigs deployed in exploration and production in the shale-rich state, losing three from last week. State...
Shell starts new work offshore Nigeria
Oct 05, 2015 (UPI)
Royal Dutch Shell said it started operations at the third phase of operations in the deep waters off the coast of OPEC-member Nigeria. Shell said its Nigerian e...
BP to pay record $20.8 bln over Gulf of Mexico oil spill: US
Oct 05, 2015 (AFP)
British energy giant BP will pay a record $20.8 billion to settle government claims for damages stemming from the deadly 2010 Gulf of Mexico oil spill, US Attor...
Woodside defends bid for rival Oil Search Ltd
Oct 05, 2015 (UPI)
Shareholder value is not protected by raising the $8.1 billion takeover offer for rival Oil Search Ltd., the head of Australian company Woodside Petroleum said....
U.S. settles claims with BP over 2010 spill
Oct 05, 2015 (UPI)
The U.S. Justice Department announced Monday it reached a settlement with British energy company BP over the 2010 Deepwater Horizon oil spill. U.S. Attorney Gen...
Suncor makes bid for Canadian Oil Sands Ltd.
Oct 05, 2015 (UPI)
Canadian energy company Suncor Energy said Monday it was making an unsolicited bid to take on the outstanding shares of its rival, Canadian Oil Sands Ltd. "We b...
China eyes oil markets shake-up with new crude futures contract
Oct 04, 2015 (AFP)
China is seeking to assert its growing influence on global oil markets with a yuan-denominated crude futures contract expected to be launched this year. At the ...
Statoil invests in North Sea field
Oct 02, 2015 (UPI)
Spending $15 million to acquire a stake in a North Sea natural gas prospect will enhance Norwegian and British energy potential, Norway's Statoil said. Statoil ...
PHMSA outlines new guidelines for pipeline safety
Oct 02, 2015 (UPI)
The U.S. oil and gas industry said it supported a federal proposal to enhance the way operators conduct safety assessments on the nation's network of pipelines....
Study concluded on 2013 Arkansas oil spill
Oct 02, 2015 (UPI)
In a final order, U.S. regulators assessed a $2.6 million civil penalty to Exxon Mobil Pipeline Co. for a 2013 oil spill. About 3,100 barrels, down from the ori...
Repsol plans strategic review
Oct 02, 2015 (UPI)
Spanish energy company Repsol said it would outline specific details about strategic revisions that include substantial layoffs at a mid-October meeting. The Sp...
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