OIL

10,863 articles

Weatherford: North American sector 'very' rough
Apr 23, 2015 (UPI)
As many as 10,000 jobs may be cut from payrolls as revenue losses mount for companies working in the upstream sector, services company Weatherford said. Weather...
CO2 per barrel down in Canada, Statoil says
Apr 23, 2015 (UPI)
Norwegian energy company Statoil said Thursday its environmental footprint at a Canadian oil sands project had improved amid record production. The company took...
Price plunge brings hardship to Canada oil sands El Dorado
Apr 23, 2015 (AFP)
Sky-high salaries once attracted thousands of workers to this small city in the heart of Canada's oil sands. But after crude prices plunged, Fort McMurray is la...
Petrobras tries to move past darkest hour
Apr 23, 2015 (UPI)
Brazilian state-owned oil company Petroleo Brasileiro aims to move past a "sad chapter" after taking a massive loss in a graft scandal, its top executive said. ...
EIA: Yemen presents unique energy risk
Apr 23, 2015 (UPI)
Conflict in Yemen may drag on the global crude oil market, not because of production, but because of strategic waterways, U.S. analysis said Thursday. Saudi Ara...
Crude oil rises along with Middle East tensions
Apr 23, 2015 (UPI)
Lingering tensions in and around the Middle East lifted crude oil prices in early Thursday trading as the EU issued a key barometer of government debt. Fighting...
Lavrov: Charges against Gazprom are baseless
Apr 23, 2015 (UPI)
Charges from the European Commission that energy company Gazprom abused its market position are "absolutely inadmissible," Russia's foreign minister said. Marke...
Sanchez Energy: U.S. shale production soaring
Apr 23, 2015 (UPI)
U.S. shale explorer Sanchez Energy said it will be sustainable in the low crude oil market as output soars as a result of efficient drilling operations. Sanchez...
Russian oil company irked by arctic rules
Apr 22, 2015 (UPI)
Private company interests are favored over those of state entities when considering access to frontier arctic territory, Russian oil company Rosneft said. State...
Iranian oil still restricted, U.S. says
Apr 22, 2015 (UPI)
Restrictions on Iranian oil exports remain in place while negotiators work toward a formal nuclear agreement, the U.S. State Department said. The five permanent...
Crude oil markets in limbo
Apr 22, 2015 (UPI)
Crude oil prices held their ground in the early stages of Wednesday's trading session as markets tried to make sense of fluctuating supply and demand dynamics. ...
Lundin takes loss on dry hole, currencies
Apr 22, 2015 (UPI)
Swedish energy company Lundin Petroleum said Wednesday it expected a $45 million loss in the first quarter after disappointing exploration results in Norway. Th...
Gazprom abusing market position, EU says
Apr 22, 2015 (UPI)
Russian natural gas company Gazprom may be violating antitrust rules in Central and Eastern European markets, the European Commission said Wednesday. "I am conc...
Uganda not yet ready for oil prime time
Apr 22, 2015 (UPI)
A weakened crude oil market means investments might not materialize in time to finance Uganda's fledgling oil sector, the Bank of Uganda said. The Bank of Ugand...
BHP Billiton keeps chin up in weak market
Apr 22, 2015 (UPI)
While its petroleum portfolio expanded, notably in the United States, BHP Billiton said Wednesday it would throttle future developments in the weak oil market. ...
BG Group prioritizes Australia, Brazil
Apr 21, 2015 (UPI)
British energy company BG Group said Tuesday it would change how it discloses financial data to reflect the importance of Brazilian and Australian assets. BG Gr...
IEA reviews arctic energy ambitions
Apr 21, 2015 (UPI)
Norway has the experience to lead developments offshore, but tapping into frontier territory in arctic waters carries heavy risks, the director of the IEA said....
North Dakota to improve pipeline safety
Apr 21, 2015 (UPI)
New pipeline rules in North Dakota will give the oil-rich state stronger safeguards against leaks and improve remediation, Gov. Jack Dalrymple said. Dalrymple s...
How Much Longer Can OPEC Hold Out?
Apr 21, 2015 (SPX)
OPEC has been the most talked about international organization among investors, analysts and international political lobbies in the last few months. When OPEC s...
Baker Hughes cuts 10,500 from payroll
Apr 21, 2015 (UPI)
"Extreme market forces" are in play in the global energy sector, oil services company Baker Hughes said Tuesday in announcing widespread layoffs. The company sa...
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