OIL

10,863 articles

NRDC: Oil, gas violations largely unreported
Apr 02, 2015 (UPI)
A report from the Natural Resources Defense Council finds "it is virtually certain" oil and gas violations are never reported because of inadequate enforcement....
Shell responds to federal decision on Alaskan waters
Apr 02, 2015 (UPI)
Shell said there are a series of contingencies to consider after a U.S. federal decision to reaffirm a lease for the arctic waters off the coast of Alaska. The ...
Oil product spill hits North Dakota wetland
Apr 02, 2015 (UPI)
Most of the waste from a pipeline release in North Dakota has been recovered, though the spill impacted a wetland area, the Health Department said. The North Da...
Suncor Energy: Prudence gives us strength
Apr 02, 2015 (UPI)
Suncor Energy of Canada said it was making good progress on cost management measures that included the elimination of 1,000 staff positions. The company in Janu...
Oil price falls as Iran nuclear framework reached
Apr 02, 2015 (AFP)
Crude-oil prices fell Thursday after six world powers and Iran announced they had agreed on a framework to curb Iran's nuclear drive. With the tentative deal, i...
Production starts in Danish North Sea
Apr 01, 2015 (UPI)
Danish energy company Maersk Oil said it started production from a North Sea platform that should provide Denmark with new reserves for the next 30 years. Maers...
USGS reviews Cuba's oil potential
Apr 01, 2015 (UPI)
Most of Cuba's petroleum demand is met by Venezuela and there is no commercial production from deep offshore reserves, the U.S. Geological Survey said. USGS sai...
BNSF makes oil-train safety commitments
Apr 01, 2015 (UPI)
BNSF Railway aims to eliminate older tank cars from crude oil service and take additional steps to improve safety in North Dakota, the state's governor said. St...
Alaska oil and gas lease draws criticism
Apr 01, 2015 (UPI)
A decision from the Department of Interior to review energy exploration plans off the coast of Alaska is "unconscionable," environmental groups said. The federa...
Oil prices inch up as Iranian talks drag on
Apr 01, 2015 (UPI)
The status of Iranian nuclear talks again influenced oil prices, though indices gained ground with no clear signs of a breakthrough agreement. Crude oil prices ...
Petrobras shares rise after deal with Chinese bank
Apr 01, 2015 (AFP)
Share prices for Brazilian state-owned oil giant Petrobras soared Wednesday after it announced it had signed an agreement to obtain $3.5 billion in funding from...
Germany outlines rules on fracking
Apr 01, 2015 (AFP)
The German cabinet drew up rules Wednesday on the hitherto unregulated technology of "fracking" in Germany, narrowly restricting its use, but stopping short of ...
Poverty to rise in Russia, World Bank says
Apr 01, 2015 (UPI)
The health of the Russian economy depends in part on how well it can manage to thrive in an era of low oil prices and sanctions, a World Bank report said. The W...
Drill more, U.S. energy groups say
Mar 31, 2015 (UPI)
With the federal government vetting more drilling offshore Alaska, industry groups called on the federal government to open more areas up for exploration. "Safe...
Gas prices falling back to earth
Mar 31, 2015 (UPI)
The national average price for a gallon of regular unleaded gasoline in the United States is falling as refineries resume production, motor club AAA said. AAA r...
Eni to explore for reserves offshore Myanmar
Mar 31, 2015 (UPI)
Italian energy company Eni said Tuesday it's now among the largest operators in an emerging Myanmar after signing new production sharing contracts. "With the co...
DNO stops energy work in Yemen
Mar 31, 2015 (UPI)
Norwegian energy company DNO announced Tuesday it stopped work in Yemen because of the tense security situation in the country. The company said it suspended op...
U.S. oil-by-rail overshadows Canada's
Mar 31, 2015 (UPI)
The volume of crude oil transported by rail in the United States is greater than the volume in Canada by a factor of nearly 9-to-1, federal data show. In a firs...
Iran talks again drag on oil prices
Mar 31, 2015 (UPI)
Momentum at the Iranian nuclear negotiating table put additional pressure on crude oil prices for a second day, with Brent down more than 2 percent Tuesday. For...
Texas oil production increasing
Mar 31, 2015 (UPI)
Preliminary state data show crude oil production in Texas is on the rise, though drilling permits for February are down 45 percent year-on-year. The Railroad Co...
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