OIL

10,863 articles

Range Resources makes most of low price climate
Jan 16, 2015 (UPI)
U.S. shale leader Range Resources said it trimmed 2015 spending plans by more than 30 percent, but was betting on Marcellus shale for continued success. Low com...
BP: Gulf of Mexico fines will be on low end
Jan 16, 2015 (UPI)
With a court rejecting a federal estimate of the Gulf of Mexico oil spill, BP said it was confident a penalty would be on the low end of what's considered. Carl...
Repsol ends Canaries oil probe due to poor deposits
Jan 16, 2015 (AFP)
Spanish energy giant Repsol on Friday abandoned a controversial oil and gas exploration off the Canary Islands saying it only found small deposits that were not...
Repsol scraps oil probe off Canaries tourist islands
Jan 16, 2015 (AFP)
Energy giant Repsol abandoned its controversial search for oil and gas off Spain's Canary Islands Friday, delighting locals and environmentalists but dashing Ma...
Schlumberger latest casualty of oil price decline
Jan 16, 2015 (UPI)
Though fourth quarter revenue increased 6 percent from 2013, the world's largest oil services company, Schlumberger, said it was resizing. "In this uncertain en...
BP off hook for several billion dollars in oil spill fines
Jan 16, 2015 (AFP)
A US judge said Thursday energy giant BP faces a maximum fine of $13.7 billion for the 2010 Gulf of Mexico oil spill, a sum reduced by several billion dollars. ...
Bulgaria: We're here to serve EU energy
Jan 16, 2015 (UPI)
Bulgaria can serve as an important energy bridge for members of the European Union, Bulgarian Foreign Minister Daniel Mitov said. Bulgaria's decision in August ...
Oil tries rally 2.0 in Friday session
Jan 16, 2015 (UPI)
A positive demand outlook Friday from the International Energy Agency helped lift oil prices, which struggled to maintain a rally in the previous session. The I...
Banks mixed on impact of low crude oil prices
Jan 15, 2015 (UPI)
The Federal Reserve Bank of Dallas said in its latest forecast it was less optimistic about its outlook for the year because of the low price of oil. The bank s...
Five Ways To Play The Oil Price Plunge
Jan 15, 2015 (SPX)
The collapse of the oil price has created losers and winners, and like every major movement in a commodity sector, the trick for investors is figuring out which...
Oil prices rally from brink of six-year lows
Jan 15, 2015 (UPI)
Positive economic sentiment from OPEC, coupled with global currency movements, pulled crude oil price indices back Thursday from near six-year lows. The bear ma...
BP cuts North Sea workforce
Jan 15, 2015 (UPI)
British energy company BP said Thursday it was laying off around 200 members of the onshore staff involved with North Sea operations as oil prices drop. "We are...
British shale set for real-time monitoring
Jan 15, 2015 (UPI)
In a regional first, the British Geological Survey said Thursday independent monitors would study two hydraulic fracturing sites in Lancashire in real time. "Th...
ITC Global And SES Deploy New Communications Network For Major Oil Producer
Jan 15, 2015 (SPX)
Global satellite operator SES and ITC Global have announced a strategic agreement to connect oil and gas operations around the world. As part of the alliance, t...
GOP pushes again to ease LNG exports
Jan 15, 2015 (UPI)
A bill putting a time limit on applications for permits to build U.S. facilities to export liquefied natural gas removes bureaucratic hurdles, its sponsor said....
White House announces new methane emission controls
Jan 14, 2015 (AFP)
The White House announced Wednesday a series of measures aimed at reducing emissions of methane, one of the most potent greenhouse gases, as part of efforts to ...
Canada's Suncor Energy cuts spending plans
Jan 14, 2015 (UPI)
Canadian oil company Suncor Energy said it was cutting more than $800 million in capital spending in response to the low price for crude oil. The company became...
Oil markets tread water after World Bank report
Jan 14, 2015 (UPI)
Crude oil markets were treading water early in the Wednesday session after the World Bank said global economic growth was lower than expected. The prices for Br...
Medvedev: Russian economy will endure
Jan 14, 2015 (UPI)
Russia's economy has the reserve support to adapt to evolving market conditions brought on by sanctions and low oil prices, the prime minister said Wednesday. R...
No change in oil export policy, White House says
Jan 14, 2015 (UPI)
There has been no change in U.S. policy regarding the export of domestically produced crude oil, the president's spokesman said. U.S. Energy Information Adminis...
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