OIL

10,863 articles

Britain's Guardian: Shale gas 'questionable'
Jan 27, 2015 (UPI)
An editorial published Tuesday by The Guardian newspaper questioned the British government's pursuit of shale natural gas, saying leave it alone. "It is, to say...
BP pulls reins tighter, freezes pay
Jan 27, 2015 (UPI)
British energy company BP said that, barring a few exceptions, it was freezing pay rates to cope with a weak oil price environment. BP in mid-January said it wa...
North Dakota rig activity slowing
Jan 26, 2015 (UPI)
Data released Monday by the North Dakota government show the number of drilling rigs in active service down nearly 25 percent from the 2012 peak. Government dat...
British lawmakers demand freeze on fracking
Jan 26, 2015 (AFP)
A committee of British lawmakers demanded a national moratorium on fracking due to environmental concerns on Monday, ahead of a crucial vote intended to boost t...
West African oil reserves revised upward
Jan 26, 2015 (UPI)
Junior explorer African Petroleum Corp. said Monday it revised its reserve estimate for operations off the western African coast upward by more than 50 percent....
Montana oil spill no threat to North Dakota
Jan 26, 2015 (UPI)
North Dakota health officials said drinking water is safe to use following an oil spill in the Montana waters of the Yellowstone River. The North Dakota Departm...
Oil prices off slightly in Monday's session
Jan 26, 2015 (UPI)
Oil markets were treading water early in the Monday session as traders tested the waters of a new Saudi Arabia and a future Europe. Government administrators in...
Oil Price Collapse Hurting Some More Than Others
Jan 26, 2015 (SPX)
U.S. oil and gas rig counts dropped to their lowest level in over four years, falling by an additional 74 units for the week ending on January 16. The lower cou...
Canada good steward, KXL backers say
Jan 23, 2015 (UPI)
U.S. Senate leaders supporting the Keystone XL oil pipeline from Canada said they're confident their northern neighbors are good stewards of the environment. U....
Low oil prices bruising MENA, IMF says
Jan 23, 2015 (UPI)
Revenue losses for oil producers in the Middle East and North Africa could reach $300 billion because of price declines, the International Monetary Fund said. O...
Russian economy in bad shape, minister says
Jan 23, 2015 (UPI)
Russian economic woes predate the steady decline in oil prices and sanctions triggered by crises in Ukraine, a Russian minister said Friday from Switzerland. Ru...
Oil release reported in North Dakota
Jan 23, 2015 (UPI)
A division of Hess Corp. spilled more than 2,000 barrels of water used during oil production at a site southwest of Tioga, the North Dakota government said. The...
Oil erases gains from Saudi king's death
Jan 23, 2015 (UPI)
With few signs of a shift in oil policy from Riyadh, crude oil prices were mixed after the brief overnight rally that greeted the death of Saudi King Abdullah. ...
Lower 48 oil production steady
Jan 23, 2015 (UPI)
U.S. oil production for the week ending Jan. 16 declined by six tenths of one percent, though none of that decline came from the Lower 48, data show. The U.S. E...
Saudi's King Salman follows in brother's footsteps
Jan 23, 2015 (AFP)
Saudi King Salman, who succeeded his half-brother Abdullah on his death on Friday, is a 79-year-old stalwart of the royal family credited with transforming the ...
Montana continues oil spill response
Jan 22, 2015 (UPI)
While Montana officials said a water plant is clear of contaminants, environmental responders advised against eating fish caught near the site of an oil spill. ...
Gazprom committed to Ukraine
Jan 22, 2015 (UPI)
Russian energy company Gazprom remains committed to its contractual obligations in Ukraine, company chairman Alexei Miller said. Most of the Russian natural gas...
Kinder Morgan takes pole position in Bakken
Jan 22, 2015 (UPI)
Midstream energy company Kinder Morgan announced it spent roughly $3 billion to acquire a rival pipeline company operating in the Bakken play in North Dakota. K...
North Dakota produced water release among state's largest
Jan 22, 2015 (UPI)
A produced water release from a North Dakota oil site presents no public health risk, a company said, though the 70,000 barrels spilled is among the largest. Su...
Back To Basics: Why Conventional Drilling Makes Sense in 2015
Jan 22, 2015 (SPX)
This New Year, an old trend may become a new trend as conventional drilling in North America is once again in the spotlight at a time when oil prices continue t...
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