OIL

10,863 articles

Offshore Ireland yields new oil
May 13, 2015 (UPI)
There may be as much as 1.5 billion barrels of reserves in frontier prospects off the coast of Ireland, junior explorer Europa Oil & Gas said. Europa holds a mi...
Oslo drilling company optimistic about future
May 13, 2015 (UPI)
One of the world's largest offshore service companies, Prosafe, said Wednesday oil market momentum could support demand in the second half of the year. Prosafe,...
North Dakota to research CCS
May 12, 2015 (UPI)
The U.S. Energy Department and the University of North Dakota entered a two-year agreement to curb carbon emissions from fossil fuels, a state senator said. Res...
Shell's Alaska nod met with outrage
May 12, 2015 (UPI)
A federal decision to give conditional approval to Shell to drill in the arctic waters off the coast of Alaska was an egregious error, advocacy groups said. "In...
World panel warns of risks of oil price volatility
May 12, 2015 (UPI)
Volatility in the world energy marketplace exposes the global economy to substantial risks moving forward, a global committee report said. A report from the Glo...
Encana looks forward after lower profits
May 12, 2015 (UPI)
Largely from U.S. shale basins, Canadian energy company Encana Corp. said Tuesday its production improved, though profits took a major hit. Encana joined its pe...
Mixed bag for U.S. gasoline prices, AAA says
May 12, 2015 (UPI)
The retail price for a gallon of gasoline in the United States is the highest so far for the year, but the lowest for this date since 2009, AAA said. Tuesday's ...
Crude oil prices holding steady
May 12, 2015 (UPI)
Crude oil prices retreated from early gains Tuesday amid market uncertainty following delays in the release of a monthly market report from OPEC. Oil prices pul...
Ecuador campaign urges Brad Pitt not to make oil movie
May 12, 2015 (AFP)
Activists have launched a campaign urging Hollywood heartthrob Brad Pitt not to make a movie based on what they call a biased account of Ecuador's battle with o...
Maersk Oil makes North Sea discovery
May 12, 2015 (UPI)
About a month after starting production in the region, Maersk Oil said Tuesday, it found a new source of reserves in the Danish waters of the North Sea. Drilled...
Obama approves drilling in Arctic
May 11, 2015 (AFP)
US President Barack Obama's administration on Monday approved petroleum giant Shell's request to begin drilling for oil and gas in the Arctic Sea under certain ...
Crude oil prices drift lower ahead of OPEC report
May 11, 2015 (UPI)
Crude oil markets held their breath in early Monday trading as markets waited for official word on midseason trajectory from members of OPEC. Last week's price ...
Noble grabs Texas shale in $2.1 billion deal
May 11, 2015 (UPI)
Noble Energy Inc. said Monday it was moving into two Texas shale basins with the $2.1 billion acquisition of rival Rosetta Resources. Noble moved to acquire all...
Rig data paints mixed U.S. oil picture
May 11, 2015 (UPI)
State and industry data show the number of rigs actively exploring for or producing oil and natural gas in the top three U.S. producing states declined. North D...
BG Group improving for Shell
May 11, 2015 (UPI)
Helge Lund, chairman of British energy company BG Group, told a British newspaper he'd deliver to Shell-- a company well suited to navigate a new energy market....
Momentum building against Shell's Alaska plans
May 11, 2015 (UPI)
After a setback in Seattle, organizers announced plans to hold weekend events to protest Shell's drilling plans in the arctic waters off the coast of Alaska. Se...
New technique shows shale-drilling additives in drinking-water
May 09, 2015 (SPX)
Substances commonly used for drilling or extracting Marcellus shale gas foamed from the drinking water taps of three Pennsylvania homes near a reported well-pad...
Juvenile shale gas in Sweden
May 09, 2015 (SPX)
Considering geological time scales, the occurrence of biogenic shale gas in Sweden's crust is relatively young. An international team of geoscientists (led by H...
Crude oil markets search for traction
May 08, 2015 (UPI)
Crude oil markets recovered from midweek losses Friday to post modest gains as U.S. employment data masks a downturn in parts of the energy sector. The price fo...
World Bank: Stop flaring gas
May 08, 2015 (UPI)
Natural gas is a bridge fuel to a low-carbon economy so it's unfortunate companies are burning it off at the wellhead, a World Bank spokesman said Friday. Lawma...
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