OIL

10,863 articles

Gas sales give lift to Israel's Delek Group
Aug 31, 2015 (UPI)
After posting strong second results, the chief executive officer at Israeli energy company Delek said growth should continue through future investments. Delek, ...
London clears major North Sea gas investment
Aug 31, 2015 (UPI)
Consent for the $4.5 billion development of the Culzean gas field in the North Sea shows the British government remains committed offshore, a minister said. Dan...
Russian oil company Rosneft reports second-quarter loss
Aug 31, 2015 (UPI)
Russian oil company Rosneft said profits for the second quarter were down because of market and currency volatility, but performance was better than expected. R...
North Dakota rigs hold steady after rough week
Aug 31, 2015 (UPI)
After a volatile week for crude oil markets, state data Monday from North Dakota show rig activity, a barometer of energy sector health, remained steady. State ...
Canada orders Alberta pipeline closures
Aug 31, 2015 (UPI)
Canadian energy company Nexen said safety was its top priority after a provincial regulator ordered dozens of pipeline closed because of maintenance issues. The...
Obama defends Shell Arctic drilling decision
Aug 29, 2015 (AFP)
Two days before heading to Alaska to raise climate change awareness, US President Barack Obama on Saturday defended his controversial decision to allow Shell to...
Texas oil production increased in June
Aug 28, 2015 (UPI)
A Texas energy regulator said total crude oil production for June, the last full month for complete data, was up around 12 percent year-on-year. The Railroad Co...
Iran: Low oil prices no production deterrent
Aug 28, 2015 (UPI)
Iran must ignore the lower price of crude oil and work to increase the rate of production to ensure its share of the market, the country's oil minister said. Ir...
EIA: U.S. oil swaps make sense regionally
Aug 27, 2015 (UPI)
The U.S. crude oil swap agreement with Mexico makes sense for regional refiners looking to bridge the gap between oil grades, the U.S. government said. The U.S....
China energy giants' H1 profits fall on low oil prices
Aug 27, 2015 (AFP)
China's three biggest energy firms saw their first half net profits slump as low international oil prices and a weak global economy hit the bottom line, they sa...
Rosneft makes Egypt LNG deal; Fitch OMV looks good
Aug 27, 2015 (UPI)
Russian energy company Rosneft said Thursday it was marking its frontier entry into the global liquefied natural gas market through a deal in Egypt. Rosneft sig...
EPA threatened with lawsuit over fracking rules
Aug 27, 2015 (UPI)
Environmental groups in the United States said they filed legal notice with federal regulators calling for tighter rules on waste tied to hydraulic fracturing. ...
Kurds pledge oil company payments to boost output
Aug 27, 2015 (UPI)
A move to issue regular payments to oil companies operating in the Kurdish north of Iraq should help them endure the market downturn, the government said. The M...
Canada's oil diversity may be paying off
Aug 27, 2015 (UPI)
Canadian crude oil exports in the depressed energy market were down for conventional oil but up for heavier oil sands, national data show. The National Energy B...
Fitch sees Houston at risk from weak oil market
Aug 26, 2015 (UPI)
Fitch Ratings finds the impact of lower crude oil prices will impact U.S. cities differently, though Houston may be a standout in terms of financial risk. U.S. ...
Transocean mulls steps to navigate weak market
Aug 26, 2015 (UPI)
Offshore rig company Transocean said it plans to cancel issuance of stock dividends and record $2.1 billion in impairments because of the weak market. The compa...
British shale oil sector gaining momentum
Aug 26, 2015 (UPI)
At least 10 billion barrels of potential oil in place is thought to lie in the Horse Hill shale license area in the south of the country, a British group said. ...
Iran wary of foreign control over oil
Aug 26, 2015 (UPI)
With Iranian sanctions set for U.S. congressional review, Iran's oil minister made it clear there will be no major foreign control over its reserves. Republican...
Fracking caused Canadian quake: media
Aug 26, 2015 (AFP)
Fracking by a Canadian subsidiary of Malaysian oil and gas giant Petronas triggered one of the world's largest earthquakes linked to the controversial practice,...
U.S. natural gas production waning
Aug 26, 2015 (UPI)
A drilling productivity report from the United States finds the Utica shale basin in Ohio is the only one of seven reviewed that's expecting more production. Th...
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