OIL

10,863 articles

BP awards $40 million Shah Deniz gas contract
Nov 07, 2014 (UPI)
Energy services company Emerson Process Management said it secured a $40 million contract from BP to help develop the Shah Deniz gas field offshore Azerbaijan. ...
New low for Russian currency
Nov 07, 2014 (UPI)
It's becoming more difficult to find good news for the Russian economy, an analyst said Friday after the national currency crashed to a new low. By midday in Mo...
Report: East Africa new energy 'hot spot'
Nov 07, 2014 (UPI)
East Africa is the new "hot spot" for the energy market, with natural gas positioning the region as the new premier player, analysis from IHS finds. Analysis re...
The Driving Force Behind the US Oil Boom
Nov 07, 2014 (SPX)
The shale revolution's sweet spot is oilfield services, the lower-risk backbone of the American oil and gas boom that pays off regardless of a play's economics....
Santos Australian LNG project nearly completed
Nov 07, 2014 (UPI)
Australian company Santos said Friday it installed the final pieces of a liquefied natural gas plant on Curtis Island, off the country's eastern coast. "Once we...
CORRECTED: OPEC sees global energy demand soaring 60% by 2040
Nov 07, 2014 (AFP)
Global energy demand will increase by 60 percent by 2040 compared to 2010 levels, OPEC said Thursday, with greenhouse-gas-emitting fossil fuels remaining by far...
Iraqi Kurds exported $2.87 bn in oil this year
Nov 07, 2014 (AFP)
Iraq's autonomous Kurdish region has exported $2.87 billion of oil by pipeline and truck since the beginning of 2014, it announced in a statement on Friday. The...
Syrian army retakes Shaer gas field from IS: state TV
Nov 06, 2014 (AFP)
Syrian troops backed by pro-regime militiamen recaptured the Shaer gas field in central Homs Thursday, state television reported, a week after Islamic State gro...
North Sea vitality top concern for London
Nov 06, 2014 (UPI)
Moving forward with a plan to breathe new life into North Sea oil and natural gas fields is an "urgent task" for the government, London said Thursday. British E...
WTI, Brent both extend declines in Thursday trading
Nov 06, 2014 (UPI)
Crude oil prices for December delivery extended their losses Thursday on word from the Organization of Petroleum Exporting Countries demand will slump. Brent cr...
Report: Energy firms must be more open about payments to governments
Nov 06, 2014 (UPI)
A Thursday report from Transparency International finds oil and gas companies aren't held to European and U.S. measures as closely as they should be. The advoca...
Denton frack ban challenged in Texas court
Nov 06, 2014 (UPI)
The Texas Oil and Gas Association said it filed a case against the city of Denton after voters backed an initiative to ban hydraulic fracturing. Denton voters p...
Keystone pipeline could be US Republicans' first step
Nov 06, 2014 (AFP)
Newly-empowered Republicans keen to strike a symbolic blow against President Barack Obama's divisive energy policy have a ready-to-launch opening salvo: Keyston...
IEA: Asia missing out on LNG opportunities
Nov 06, 2014 (UPI)
Asia needs market reforms to capitalize on the "golden opportunity" represented by liquefied natural gas, the International Energy Agency said Thursday. The IEA...
OPEC sees global energy demand soaring 60% by 2040
Nov 06, 2014 (AFP)
Global energy demand will increase by 60 percent by 2040 compared to 2010 levels, OPEC said Thursday, with greenhouse-gas-emitting fossil fuels remaining by far...
Shale license extended in Ukraine
Nov 06, 2014 (UPI)
The Ukrainian government extended the terms for a shale exploration license by five years, JKX Oil and Gas announced Thursday. JKX, which has headquarters in Lo...
Ukraine pays first debt installment to Gazprom
Nov 05, 2014 (UPI)
Russian energy company Gazprom said Wednesday it received the first installment of the debt owed by its Ukrainian counterparts at Naftogaz. "Gazprom received fr...
Keystone XL may be filibuster-proof
Nov 05, 2014 (UPI)
The outcome of the U.S. midterm elections means there may be enough votes in the full Senate to force a vote on Keystone XL legislation, results show. A shift i...
Islamic State blamed for Iran, Iraq gas delays
Nov 05, 2014 (UPI)
An Iraqi source told Iranian state media the threat from the Islamic State is causing delays in receiving natural gas from across the border. Hamid Reza Araqi t...
ONEOK boasts of shale gas infrastructure
Nov 05, 2014 (UPI)
Midstream energy company ONEOK said third quarter 2014 was buoyed by the addition of infrastructure meant to deliver gas from shale basins in the Great Plains. ...
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