OIL

10,863 articles

Repsol starts controversial search for oil in Spain's Canary Islands
Nov 18, 2014 (AFP)
Spanish energy firm Repsol began searching for oil Tuesday in the waters off the Canary Islands, a top holiday destination, despite objections from environmenta...
Eni extends relationship with Turkmenistan
Nov 18, 2014 (UPI)
Italian energy company Eni said Tuesday it signed an extension to a production agreement for operations onshore and offshore Turkmenistan. Eni Chief Executive O...
Russian energy interests tilting heavily toward Asia
Nov 18, 2014 (UPI)
Russian oil company Rosneft may focus more on Asia as it looks for new partners for exploration and production work in the arctic, a minister said Tuesday. With...
Spain holds Greenpeace ship protesting oil exploration
Nov 18, 2014 (AFP)
Spain seized a Greenpeace ship on Tuesday after activists approached a vessel belonging to petroleum firm Repsol as part of protests against oil exploration off...
Oil benchmarks continue dip into red territory
Nov 18, 2014 (UPI)
Crude oil prices continued to move into red territory Tuesday ahead of pivotal decisions for the North American and overseas markets. Members of the U.S. Senate...
Texas plant cleared for LNG exports
Nov 18, 2014 (UPI)
With federal approval in hand, construction should start in December on a liquefied natural gas export facility in Freeport, Texas, the lead company said. Freep...
U.S. holiday commuters to save big on gas
Nov 18, 2014 (UPI)
Low U.S. gasoline prices mean those traveling for Thanksgiving will save more than $650 million collectively over last year, price watcher GasBuddy said. GasBud...
Kabul, Islamabad pursue gas pipeline connections
Nov 17, 2014 (UPI)
Islamabad thanks the leadership in Kabul for putting renewed emphasis behind a multilateral gas pipeline from Turkmenistan, the Pakistani prime minister said. R...
Hess starts new oil production in Gulf of Mexico
Nov 17, 2014 (UPI)
Hess Corp. said Monday the start of production from its Tubular Bells field in the Gulf of Mexico shows it has the mettle to succeed in a complex environment. D...
UN targets oil trucks to cut off Islamist revenues
Nov 17, 2014 (AFP)
A UN report is recommending the seizure of all oil tanker trucks leaving Islamist-controlled territory in Iraq and Syria to cut off millions of dollars from cru...
Repsol could start exploring for oil in Canary Island on Tuesday
Nov 17, 2014 (AFP)
Spanish energy firm Repsol will on Tuesday start prospecting for oil in the waters off the Canary Islands if the weather permits, a company spokesman said, desp...
Japan's recession big drag on oil prices
Nov 17, 2014 (UPI)
Government data showing the Japanese economy slipped unexpectedly into recession battered crude oil prices in Monday trading. The Japanese government said gross...
Norway's Statoil pegs future to East African gas
Nov 17, 2014 (UPI)
Norwegian energy company Statoil said Monday it was putting an emphasis on natural gas developments in sub-Saharan Africa. "Statoil has over the past few years ...
China to double Iran energy investment: official
Nov 16, 2014 (AFP)
China will double its investment in Iran's energy projects, an Iranian official said Sunday, ahead of a deadline for a deal with world powers over Tehran's nucl...
Greenpeace activist hurt in clash over Canaries oil exploration
Nov 15, 2014 (AFP)
A Greenpeace activist was hurt Saturday in a confrontation with the Spanish navy that intervened during fresh protests against a controversial oil exploration p...
Wood Mac: Gulf of Mexico oil production fades
Nov 14, 2014 (UPI)
Energy consultant group Wood Mackenzie said it expects U.S. Gulf of Mexico oil production to enter a period of decline after peak output is reached in 2016. New...
Putin: No problems for oil company Rosneft
Nov 14, 2014 (UPI)
Russian energy company Rosneft is in good shape as the nation's economy starts shifting its focus to Asia, Russian President Vladimir Putin said Friday. "We ins...
Halliburton has no comment on Baker Hughes acquisition
Nov 14, 2014 (UPI)
Oil services company Halliburton refused to comment Friday on the potential acquisition of rival Baker Hughes, though Baker did confirm preliminary discussions....
Early Signs Of A Pullback In Drilling Activity
Nov 14, 2014 (SPX)
By Nick Cunningham of Oilprice.com With oil prices low and showing no sign of an immediate rebound, the industry is beginning to pull back on spending. Oil pric...
U.N.: Iraqi, Kurdish oil deal good first step
Nov 14, 2014 (UPI)
An interim agreement to settle internal oil issues in Iraq was met with widespread praise, though the Kurdish government said it wasn't ceding control. U.N. Sec...
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