OIL

10,863 articles

CCNY researchers develop eco-friendly oil spill solution
Jul 01, 2015 (SPX)
City College of New York researchers led by chemist George John have developed an eco-friendly biodegradable green "herding" agent that can be used to clean up ...
Norway: New reserves found in North Sea
Jul 01, 2015 (UPI)
The Norwegian government confirmed Wednesday oil and gas reserves were discovered in a North Sea area not known previously to contain hydrocarbons. The Norwegia...
BP engineer to get new Macondo trial
Jul 01, 2015 (UPI)
An appeals court in Louisiana said it granted a new trial for a former BP engineer, Kurt Mix, on grounds of jury exposure to external evidence. Mix was charged ...
Greek default leaves bruise on oil markets
Jul 01, 2015 (UPI)
The Greek default on debt to the International Monetary Fund in a market mindful of the causes of the global financial crisis sent oil prices lower Wednesday. B...
Shell to tap new Gulf of Mexico oil
Jul 01, 2015 (UPI)
Royal Dutch Shell said Wednesday it made a final investment decision to open up new oil developments in the deep waters of the U.S. Gulf of Mexico. Shell said i...
Optimism wins; crude oil recovers
Jun 30, 2015 (UPI)
Crude oil prices rebounded on the last full trading day in June amid tempered optimism about the prospects for Greek and Iranian negotiations. Brent crude oil p...
China starts work on Russian gas pipeline
Jun 30, 2015 (UPI)
Construction on the Chinese side of a natural gas pipeline linking to Russia began in western Heilongjiang province, a Chinese energy company said Tuesday. Chin...
Samsung gets major Johan Sverdrup contract
Jun 30, 2015 (UPI)
A day after the first steel was cut for the platform, Statoil said it awarded Samsung with an $886 million contract for Johan Sverdrup field development. Statoi...
Vitol buys into Nigeria downstream sector
Jun 30, 2015 (UPI)
Dutch oil trader Vitol said Tuesday it spent around $27 million to take on a majority stake in the refining business held by Nigerian energy company Oando. Vito...
July 4th gas to be cheapest since at least 2010
Jun 30, 2015 (UPI)
Though seasonally high, U.S. holiday goers are expected to pay the lowest price for gas during the July 4th weekend in at least five years, motor club AAA said....
Eni reaches LNG deal in Indonesia
Jun 30, 2015 (UPI)
Italian energy company Eni said Tuesday it signed what it said was a groundbreaking deal to sell liquefied natural gas from a deepwater Indonesian field. Eni an...
German government postpones parliamentary vote on fracking
Jun 30, 2015 (AFP)
The German government said Tuesday it has decided to postpone until after the summer break a parliamentary vote on a draft law on the controversial technology o...
SCOTUS says no to Gulf of Mexico spill appeals
Jun 30, 2015 (UPI)
The Supreme Court refused to hear two separate cases filed by BP and Anadarko Petroleum challenging fines related to the 2010 oil spill in the Gulf of Mexico. T...
North Dakota refinery completed
Jun 30, 2015 (UPI)
The completion of a new refinery in North Dakota will help bring jobs to the state while ensuring U.S. energy security, Gov. Jack Dalrymple said. MDU Resources ...
Blow to British fracking as drilling plans rejected
Jun 29, 2015 (AFP)
Britain's hopes of expanding its shale gas industry suffered a blow Monday when local authorities rejected plans for an exploratory fracking site in northwest E...
Eni strengthens grip in Kazakhstan
Jun 29, 2015 (UPI)
Italian energy company Eni said it took on a larger stake in the Isatay oil reserve area in the Caspian Sea from its partners in Kazakhastan. Eni took on 50 per...
North Dakota rig data suggests stability
Jun 29, 2015 (UPI)
The exploration and production side of the North Dakota energy sector may be leveling off as the number of deployed rigs holds steady, state data show. State go...
Activists deploy against Shell's arctic plans
Jun 29, 2015 (UPI)
Activists said Monday they took to the water off the Washington state coast in kayaks to try to slow progress of a Shell drilling rig bound for arctic waters. "...
Gulf Keystone reaches Kurdish oil sales deal
Jun 29, 2015 (UPI)
A new contract with the Kurdish government calls for domestic sales and exports of as much as 40,000 barrels of oil per day, Gulf Keystone Petroleum said. The c...
US Supreme Court rejects BP appeal in Gulf oil spill
Jun 29, 2015 (AFP)
The US Supreme Court on Monday rejected a request from British energy giant BP and its US partner Anadarko to appeal massive compensation payouts stemming from ...
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