OIL

10,863 articles

Angolan president heads to China as low oil price bites
Jun 08, 2015 (AFP)
Angolan President Jose Eduardo dos Santos headed on Monday for his first official visit to China in seven years as his country, which is Africa's second largest...
Canadian firm renews oil production after fire
Jun 06, 2015 (AFP)
A Canadian oil firm said Saturday it would relaunch production at oil sands mines after widespread forest fires forced them to shut down. Some 1,800 workers wer...
Sudan's Bashir names new foreign, oil, defence ministers: TV
Jun 06, 2015 (AFP)
Sudanese President Omar al-Bashir started forming a new government late Saturday, state television reported, more than a month after he swept elections boycotte...
U.S. losing rig count race
Jun 05, 2015 (UPI)
The number of rigs in service in the United States declined more for the week ending May 29 than all of North America combined, Baker Hughes said Friday. The oi...
Canada's Cenovus buys rail terminal
Jun 05, 2015 (UPI)
Canadian energy company Cenovus said it agreed to spend roughly $75 million to acquire a rail facility for oil transport near Edmonton, Alberta. "By purchasing ...
The invisible key to methane hydrates
Jun 05, 2015 (SPX)
Like the carbon dioxide in a fizzing glass of soda, most bubbles of gas in a liquid don't last long. But nanobubbles persist. These bubbles are thousands of tim...
Slow demand pushes oil prices lower
Jun 05, 2015 (UPI)
Tepid global economic growth expectations from the Organization of Petroleum Exporting Countries sent crude oil prices drifting lower in early Friday trading. O...
Energy job losses mount, but sector recovering
Jun 05, 2015 (UPI)
The number of people seeking unemployment assistance in May in the U.S. extractive industries was up by nearly 5 percentage points year-on-year, federal data sh...
More than 150 killed in Ghana petrol station blast, floods
Jun 05, 2015 (AFP)
More than 150 people have died in a devastating petrol station blast during heavy flooding in Ghana's capital, prompting the nation's leader to call three days ...
Oil exports a strategic move, Murkowski says
Jun 05, 2015 (UPI)
U.S. Sen. Lisa Murkowski again pressed for an end to a 1970s ban on crude oil exports, arguing the United States can prove its mettle with its oil reserves. Leg...
Longevity of bear oil market concerns Texas
Jun 05, 2015 (UPI)
One of the primary challenges looming for over the health of the Texas state economy is the low price of oil, a report from the Dallas Federal Reserve said. A r...
At least 90 killed in Ghana petrol station fire
Jun 04, 2015 (AFP)
At least 90 people were killed in a fire at a petrol station in Ghana's capital, Accra, as they sought shelter from heavy rains that caused widespread flooding,...
Alaska adds oil to U.S. total
Jun 04, 2015 (UPI)
Alaska accounted for all of the growth in U.S. oil production from the week ending May 29, data released from the Energy Department show. The U.S. Energy Inform...
Bakken gets federal crime strike force
Jun 04, 2015 (UPI)
State and federal authorities announced the creation of a "strike force" aimed at addressing organized crime in and around the Bakken oil field. "The strike for...
Statoil: Low-carbon ambitions not enough
Jun 04, 2015 (UPI)
It's incumbent on the oil and gas industry to join the effort to cut emissions as the business-as-usual model is destined to fail, Norwegian major Statoil said....
Oil prices drift further into the red for the week
Jun 04, 2015 (UPI)
Crude oil prices drifted further into negative territory Thursday amid continued signs of sluggish sector and general economic growth. Brent crude oil prices lo...
PHMSA: California oil pipeline corroded
Jun 04, 2015 (UPI)
Federal regulators examining last month's oil spill off the California coast said the pipeline in question showed signs of extensive corrosion. A pipeline syste...
No widespread danger to water from fracking: US agency
Jun 04, 2015 (AFP)
The controversial oil and gas extraction technique known as fracking poses no widespread danger to US drinking water, the US environmental agency said Thursday ...
Woodside, Sempra mull Texas LNG project
Jun 04, 2015 (UPI)
Australian energy company Woodside said Thursday it was in preliminary discussions to explore options for liquefied natural gas development in Texas. The Austra...
Texas oil and gas outlook negative
Jun 04, 2015 (UPI)
The outlook in the Texas oil and gas sector remains negative as most companies expect low capital spending in 2016, the Dallas Federal Reserve said. Texas is th...
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