OIL

10,863 articles

Nord Stream pipeline back in service
Aug 20, 2015 (UPI)
The consortium in charge of a twin pipeline system carrying Russian natural gas through the Baltic Sea said it was finished with routine annual maintenance. "Re...
Britain and Iran to reopen embassies as ties thaw
Aug 20, 2015 (AFP)
Britain and Iran will reopen their respective embassies in the coming days, an Iranian official said Thursday, four years after their closure when protesters an...
U.S. Gulf still national energy priority
Aug 20, 2015 (UPI)
While low interest in a lease for oil and gas drillers in the U.S. Gulf of Mexico was expected in this market, the region is still a priority, an official said....
BP behind biggest gas spike since Hurricane Katrina
Aug 20, 2015 (UPI)
The outage at BP's Whiting refinery caused regional gasoline prices to increase at their fastest pace since Hurricane Katrina, the U.S. government said. BP repo...
Russia's Lukoil sells Kazakhstan stake to China's energy giant
Aug 20, 2015 (AFP)
Russia's largest private oil firm Lukoil has sold some of its Kazakhstan stakes to China's energy giant Sinopec for $1.09 billion, the company said Thursday. Lu...
Conservation group questions TransCanada pipeline
Aug 20, 2015 (UPI)
An eastern Canadian conservation group said TransCanada's planned Energy East oil pipeline would have a negative impact on the regional marine environment. Tran...
Low interest in Gulf of Mexico energy auction
Aug 19, 2015 (UPI)
Though only five energy companies submitted bids for new acreage in the U.S. Gulf of Mexico, the industry said offshore interest was an economic priority. Five ...
British shale company nabs more acreage
Aug 19, 2015 (UPI)
British shale natural gas pioneer Cuadrilla Resources said it was awarded two new licenses to explore the reserve potential in Yorkshire. Cuadrilla secured lice...
Crude oil prices fall despite positive economic news
Aug 19, 2015 (UPI)
Crude oil prices again moved lower at the start of trading Wednesday despite positive signs from the Greek and Chinese economies. Brent crude oil prices fell a ...
Revenue cut by pipeline attacks, Kurdish government says
Aug 19, 2015 (UPI)
The Kurdish government said theft and sabotage targeting an oil pipeline running to the Turkish sea port of Ceyhan has cost it around half a billion dollars. A ...
Wood Mackenzie: Mexico oil swaps only slight U.S. move
Aug 19, 2015 (UPI)
Approval for oil swaps with Mexico opens the spigot for U.S. crude oil, but might not be the export indication supporters hope for, an industry analyst said. Th...
Kremlin: No word yet on Turkish gas pipeline
Aug 19, 2015 (UPI)
A source close to Russian energy ministry discussions told state media there are no proposals in the Kremlin from Turkey on a proposed natural gas pipeline. A r...
Shell sees offshore Alaska as potentially significant
Aug 18, 2015 (UPI)
Despite backlash from environmentalists, Shell said it was cleared to tap into oil-bearing zones offshore Alaska that could be a significant national reserve. T...
US gives Shell permit for Arctic drilling
Aug 18, 2015 (AFP)
Oil giant Shell has been given final permission for an exploratory drilling project in Alaskan waters, a setback for environmental groups that have strongly opp...
BP's Whiting outage behind end to gas price slump
Aug 18, 2015 (UPI)
An outage at BP's refinery in Whiting, Ind., pushed retail gasoline prices up for nearly a week straight, snapping a 27-day streak of declines, AAA said. Motor ...
London opening oil and gas doors
Aug 18, 2015 (UPI)
With a potential for growth in the fledgling shale sector, the British government said Tuesday it was expecting bidders for new onshore oil and gas acreage. "As...
US proposes methane cuts for oil and gas industry
Aug 18, 2015 (AFP)
US authorities on Tuesday proposed the first-ever federal regulations to cut the potent greenhouse gas methane by limiting emissions from the oil and gas indust...
Rail fading from North Dakota oil transit
Aug 18, 2015 (UPI)
New pipelines operating in North Dakota have pushed the volume of crude oil by rail lower during the first half of the year, a state official said. Rail broke a...
In split with Obama, Clinton opposes Arctic drilling
Aug 18, 2015 (AFP)
Breaking with the president she hopes to succeed, Hillary Clinton expressed her opposition Tuesday to Arctic oil exploration, one day after the US government ap...
Israel opening offshore gas doors
Aug 17, 2015 (UPI)
An Israeli decision to exploit offshore natural gas reserves is an important milestone for the nation's economy, the country's prime minister said. Prime Minist...
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