OIL

10,863 articles

Wintershall unloads offshore Norwegian assets
Jun 19, 2015 (UPI)
German energy company Wintershall said it was working to streamline its capital structure by selling off a handful of assets on the Norwegian continental shelf....
Busting The Canadian Bakken Myth
Jun 18, 2015 (SPX)
The financial pages of Canadian newspapers have been full of Busting The "Canadian Bakken" Myths lately announcing the potential of two large shale oil fields i...
The Dark Side Of The Shale Bust
Jun 18, 2015 (SPX)
By Nick Cunningham of Oilprice.com The fallout of the collapse in oil prices has a lot of side effects apart from the decline of rig counts and oil flows. Oil p...
Crude oil prices try again to rally
Jun 18, 2015 (UPI)
Crude oil prices rallied modestly in early Thursday trading after the U.S. Labor Department said the unemployment situation continued to improve. Brent crude oi...
OMV, Gazprom mull pipeline expansions
Jun 18, 2015 (UPI)
Adding two new lines to the twin Nord Stream natural gas pipeline sending Russian gas to the European market is under consideration, Austrian company OMV said. ...
Rig company Hercules stumbles
Jun 18, 2015 (UPI)
U.S. rig company Hercules Offshore said it reached a restructuring agreement that could lead to a reorganization plan or bankruptcy filing in the coming weeks. ...
Total U.S. crude oil imports up
Jun 18, 2015 (UPI)
Total U.S. crude oil imports for the week ending June 12 spiked more than 6 percent, with Middle East producers contributing to the rise, federal data show. The...
U.S. shale oil in slow decline
Jun 18, 2015 (UPI)
While oil production from key shale formations in the United States is in decline, the drop isn't as severe as expected given low rig counts, analysis finds. Th...
China using indigenous Beidou system to detect gas leaks
Jun 17, 2015 (XNA)
China is planning to use its domestically-operated satellite navigation system to help log and detect possible leaks in gas pipelines, the National Administrati...
Oil prices rally on Greek crisis and demand
Jun 17, 2015 (UPI)
Concerns about an "uncontrollable" Greek economic crisis and indications of strong demand pushed crude oil prices well into positive territory early Wednesday. ...
Reactivating fault slip with fluid injection
Jun 17, 2015 (SPX)
Water injected into an inactive fault can cause a seismic slip along the fault - movement without detectable earthquakes - that may then indirectly lead to micr...
Oil moving out of threat from Bill
Jun 17, 2015 (UPI)
British energy company BP remained on standby with its storm prediction center as Tropical Depression Bill moved further inland from the Texas coast Wednesday. ...
IHS: Russian defense cut on low energy revenue
Jun 17, 2015 (UPI)
Financial pressures that resulted from lower revenues from the energy sector has forced the Russian government to cut back on defense spending, analysis finds. ...
Rouhani: Iran isolated from weak oil market
Jun 17, 2015 (UPI)
Iran is less squeezed by the low price of oil than other export-dependent nations because of budgetary moves away from energy, the country's president said. Ira...
U.S. House mulls arctic drilling
Jun 17, 2015 (UPI)
Drilling offshore, particularly in arctic regions offshore Alaska, won't do much to wean the United States off foreign oil, a U.S. House committee heard. A Hous...
New research initiative at Stanford to comprehensively study the use of natural gas
Jun 17, 2015 (SPX)
In the transition to a low-carbon energy system, how can society use increasing supplies of natural gas to minimize greenhouse gas emissions, improve air qualit...
Spill cleanup crews decline in California
Jun 17, 2015 (UPI)
While efforts continue in the cleanup of the California oil spill, the number of personnel deployed is down more than 10 percent, a response team said. Line 901...
North Dakota touts diversity as rig count declines
Jun 16, 2015 (UPI)
As the state's governor boasts of strong economic growth in 2014, North Dakota data show activity in the exploration and production sector is in decline. State ...
China lends $300mn to build strategic road in Kyrgyzstan
Jun 16, 2015 (AFP)
China will provide nearly $300 million in credit to help Kyrgyzstan build a strategic road for trade, the ex-Soviet state said Tuesday, as part of Beijing's gra...
Statoil closer to Johan Sverdrup development
Jun 16, 2015 (UPI)
Norwegian energy company Statoil said it awarded a rig contract worth more than half a billion dollars for work in the giant Johan Sverdrup field. "This contrac...
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