OIL

10,863 articles

No U.S. foothold allowed, Iran's supreme leader says
Aug 17, 2015 (UPI)
With oil companies waiting in the wings, the supreme leader of Iran said there will be no foothold for the United States in a post-sanctions era. Testing a veto...
North Dakota oil sector showing resiliency
Aug 17, 2015 (UPI)
North Dakota's upstream oil and natural gas sector continues to show signs of resiliencey in the weak crude oil market, state data show. State data show 74 rigs...
Japan, U.S. rigs ding oil prices
Aug 17, 2015 (UPI)
An increase in production from U.S. shale basins and re-emerging concerns about the health of the Japanese economy pushed crude oil prices lower Monday. Brent c...
Alberta producers review low-carbon agenda
Aug 17, 2015 (UPI)
Canadian oil and gas producers will work with the government in Alberta to find a balance between economic and environmental gains, a top executive said. The pr...
Mexican oil swaps sparks calls for full U.S. exports
Aug 17, 2015 (UPI)
A decision to swap crude oil with Mexico is a much needed step toward a full easing of the ban on domestic oil exports, U.S. production groups said. The U.S. Co...
TransCanada: Study shows pipeline safer than rail
Aug 14, 2015 (UPI)
Pipeline company TransCanada pointed to a study that suggests the increase in the rail transport of crude oil is a risky option for the industry. TransCanada sp...
No arrest in crude oil price decline
Aug 14, 2015 (UPI)
Mixed views on the Chinese currency and slow growth in the European economy left crude oil prices flat early Friday, but still close to six-year lows. Brent cru...
AAA: BP refinery outage means several weeks of expensive gas
Aug 14, 2015 (UPI)
It could be the end of September before gas prices in the Great Lakes region move lower, though BP is likely losing big after a major refinery issue, AAA said. ...
Rig company Hercules Offshore files for bankruptcy
Aug 14, 2015 (UPI)
Rig company Hercules Offshore announced it filed for bankruptcy as part of a financial restructuring effort in an era of lower crude oil prices. "We are working...
BP to appeal US ruling over gas market manipulation
Aug 14, 2015 (AFP)
Energy giant BP is set to appeal against a decision by a US judge that it had manipulated gas market prices in 2008, the company said Friday. The ruling came fr...
U.S. to lift ban on oil exports to Mexico
Aug 14, 2015 (UPI)
The U.S. Department of Commerce on Friday told Congress it plans to approve contracts to export crude oil to Mexico, lifting a four-decade, unofficial ban on se...
Surveys begin at potential British fracking site
Aug 14, 2015 (UPI)
As the British government looks to kick start the industry, the British Geological Survey said it's conducting baseline surveys at a new proposed fracking site....
Ghana rises for British company Tullow Oil
Aug 13, 2015 (UPI)
Africa-focused Tullow Oil said it should meet its 2015 production guidance now that operations are up and running ahead of schedule at a major field in Ghana. T...
EIA: Expect more of Iran's oil by next year
Aug 13, 2015 (UPI)
An increase in Iranian crude oil production of around 600,000 barrels per day is likely in the latter half of next year, a U.S. federal report found. Government...
BP's Whiting refinery handicapped for several weeks
Aug 13, 2015 (UPI)
While BP was officially mum on the issue, at least one petroleum analyst said it may be several weeks before the Whiting refinery is running at full capacity. B...
London to fast-track shale permits
Aug 13, 2015 (UPI)
The British government said Thursday it plans to fast-track the permit process for shale oil and gas exploration to ensure the industry can gain traction. Shale...
Statoil's giant Johan Sverdrup field takes another step
Aug 13, 2015 (UPI)
Statoil said Thursday it finished installing one of the first pieces of equipment needed for production from the giant Johan Sverdrup field offshore Norway. The...
Venezuela releases former general-turned-Chavez critic: lawyer
Aug 13, 2015 (AFP)
A former Venezuelan defense minister and ally-turned-critic of the late president Hugo Chavez has been released on parole after spending more than six years in ...
Oil down despite upbeat economic news
Aug 13, 2015 (UPI)
Crude oil prices started Thursday trading in the red, ignoring emerging positive sentiment from the Greek and Chinese economies. Brent crude oil prices reversed...
OMV says there's opportunity in Iran
Aug 12, 2015 (UPI)
The nuclear agreement with Iran offers attractive options for investments in the energy sector and a chance for Austria's OMV, the company said Wednesday. OMV s...
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.