OIL

10,863 articles

Gazprom: Russia, Iran natural energy partners
May 08, 2015 (UPI)
Iran and Russia are natural energy partners as both countries work to advance their objectives under sanctions pressure, a Gazprom official said in Tehran. Serg...
Rail traffic to resume through N.D. town
May 08, 2015 (UPI)
Rail traffic is expected to continue through a small North Dakota town at the center of latest oil train debate before the weekend, rail company BSNF said. Six ...
BG Group joins peers with profit fall
May 08, 2015 (UPI)
BG Group said Friday it mirrored its peers by posting a drop in core earning but an increase in production, though it was still keen on Shell's acquisition. Bri...
Murkowski wants clarity on condensates
May 08, 2015 (UPI)
Federal law lacks a clear definition of condensate, a light form of oil found in shale and cleared for exports, a bill tabled by U.S. Sen. Lisa Murkowski read. ...
Dalrymple: North Dakota needs more pipelines
May 07, 2015 (UPI)
As emergency crews respond to the latest oil train derailment in North Dakota, the state's governor called for the quick development of more pipeline capacity. ...
Oklahoma production soars for Continental
May 07, 2015 (UPI)
Shale production from Oklahoma basins increased 23 percent from the fourth quarter, rivaling North Dakota by nearly a quarter, Continental Resources said. In te...
Onshore rig count in Middle East rises
May 07, 2015 (UPI)
The number of rigs actively exploring for or producing natural resources in the Middle East is rising, while other regions post declines, Baker Hughes showed Th...
Gazprom eyes first deepwater well in Vietnam
May 07, 2015 (UPI)
Russian energy company Gazprom said it was planning to work alongside its Vietnamese peers in drilling the latter's first-ever deepwater exploration well. Gazpr...
Curb gas flaring, U.S. lawmakers say
May 07, 2015 (UPI)
The U.S. Interior Department needs to take steps to ensure gas associated with produced reserves isn't wasted, or flared, bicameral leaders said. House and Sena...
Marathon: Libyan uncertainty remains
May 07, 2015 (UPI)
There's a "considerable" amount of uncertainty surrounding production from Libyan oil reserves, Marathon Oil said in a quarterly report. Marathon left Libya out...
Oil market rally loses steam
May 07, 2015 (UPI)
Economic uncertainty, highlighted by U.S. unemployment figures, put a throttle on crude oil markets, sending key indices into negative territory Thursday. The U...
Weak Iraqi oil demand hurts Norway's DNO
May 06, 2015 (UPI)
Though it reached its capacity target at an oil field in the Kurdish north of Iraq, Norwegian energy company DNO said Wednesday it suffered heavy losses. DNO sa...
New leftist Alberta leader seeks to reassure energy sector
May 06, 2015 (AFP)
The new leftist leader of Canada's oil-rich Alberta province sought to reassure energy investors Wednesday, saying she would work with industry to plan cuts to ...
Rally continues for crude oil market
May 06, 2015 (UPI)
A drop in U.S. crude oil inventories led to another banner day for crude oil markets with crude oil indices gaining at least a full dollar in Wednesday trading....
Crude oil train derails in North Dakota
May 06, 2015 (UPI)
Federal regulators said Wednesday a North Dakota town was evacuated after several tank cars carrying crude oil derailed and caught fire. Ten responders from the...
Iraq's largest oil refinery under threat from IS: US
May 06, 2015 (AFP)
Iraq's largest oil refinery is under growing threat from Islamic State jihadists, who have advanced inside the perimeter of the facility, the US military said W...
Two dead in Mexican oil rig accident
May 06, 2015 (UPI)
In the second such incident in less than a month, a Mexican energy company said two workers died after an accident on an offshore oil rig. Petroleos Mexicanos, ...
US calls off protection mission for US-flagged vessels in Gulf
May 06, 2015 (AFP)
The US Navy has halted a mission to accompany American-flagged vessels passing through the Strait of Hormuz, the Pentagon said Wednesday, in a sign of reduced t...
As Iran oil fair opens, foreign companies weigh return
May 06, 2015 (AFP)
Iran is expected to outline big oil and gas projects at a major industry event Wednesday ahead of a possible nuclear deal that could allow global energy giants ...
Denmark halts fracking at Total site
May 06, 2015 (AFP)
Denmark said Wednesday that it had stopped the first exploratory drilling for shale gas in the country a day after it began, accusing French company Total of us...
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