OIL

10,863 articles

Lundin keeps chin up in era of low oil prices
Nov 05, 2014 (UPI)
Swedish explorer Lundin Petroleum said Wednesday it has a strong investment agenda that stresses long-term growth over short-term consequences of low oil prices...
U.S. oil, gas sector economic bright spot
Nov 05, 2014 (UPI)
Job and wage growth in the U.S. oil and gas industry has increased since 2003 and Texas is leading the way, the U.S. Energy Department said Wednesday. The Energ...
BHP: Eagle Ford shale products OK for exports
Nov 05, 2014 (UPI)
Australian company BHP Billiton said it's concluded oil products processed from the Eagle Ford shale play in Texas are legally eligible for exports. The company...
Syria army retakes gas fields from jihadists: monitor
Nov 05, 2014 (AFP)
The Syrian army on Wednesday recaptured two key gas fields and a gas company in central Homs province, less than a week after their seizure by jihadists, a moni...
Brent falls on eurozone worries
Nov 05, 2014 (UPI)
Brent crude oil prices continued their drift toward the $80 mark in early Wednesday trading after the European Commission said it expected slow economic growth....
'Price war' hits WTI, Brent prices hard
Nov 04, 2014 (UPI)
Crude oil prices for December delivery suffered major losses Tuesday on word Saudi Arabia was adjusting its oil prices further to shore up its market position. ...
AAA: U.S. oil production keeps gas prices low
Nov 04, 2014 (UPI)
The substantial increase in U.S. oil production is expected to offset any concerns about instability in foreign producers and keep gas prices low, AAA said. AAA...
Countries with poor marine safety records linked to oil spill vessels
Nov 04, 2014 (SPX)
More than half of ships involved in the 100 largest oil spills of the past three decades were registered in states that consistently fail to comply with interna...
Reserves offshore Congo greater than expected, SOCO says
Nov 04, 2014 (UPI)
Results from a production test from a well off the coast of the Republic of Congo exceeded expectations by a wide margin, SOCO International said Tuesday. SOCO,...
Marathon latest to take hit on low oil prices
Nov 04, 2014 (UPI)
Marathon Oil said in its quarterly report double digit production growth from North American shale basins wasn't enough of a buffer against low oil prices. In O...
GDF Suez strengthens foundation in China
Nov 04, 2014 (UPI)
French energy company GDF Suez said it strengthened its position in China by signing a multi-tiered deal with its counterparts at Shenergy Group. Chairmen of bo...
Energy narrative rides on midterm outcomes
Nov 04, 2014 (UPI)
Results for Tuesday's U.S. elections may favor a pro-energy platform, though advocates fear the results will move the debate away from prevailing climate winds....
Sanctions bite for Russia, European Commission says
Nov 04, 2014 (UPI)
Sanctions on a Russian economy that depends largely on the export of natural resources are taking "a heavy toll," the European Commission said Tuesday. The EC p...
TransCanada moves closer to eastern Canadian market
Nov 04, 2014 (UPI)
Pipeline planner TransCanada Corp. said Tuesday it was moving ahead with a transit system in the east of Canada expected to bring shale gas to the market. The c...
Kuwait enters Mexican energy sector
Nov 03, 2014 (UPI)
A Kuwaiti exploration company said it signed a memorandum of understanding to work alongside its counterparts in the Mexican energy sector. Kufpec, the upstream...
Gazprom gas production declines
Nov 03, 2014 (UPI)
Russian government data show domestic natural gas production and exports increased during the first 10 months of the year, though output from Gazprom slumped. R...
Report: Islamic State seizes natural gas field in Syria
Nov 03, 2014 (UPI)
A group monitoring terrorist activity in the Middle East says Islamic State militants have seized control of a natural gas field in Homs province in Syria. The ...
Air quality and unconventional oil and gas sites
Nov 03, 2014 (SPX)
Research suggesting air pollutants released by unconventional oil and gas production are well over recommended levels in the US is published in the open access ...
Minister: Oil prices no threat to Iran's economy
Nov 03, 2014 (UPI)
The Iranian economy isn't expecting a budget shortfall despite the steady decline in global oil prices, the country's economic minister said. "We will face no b...
Most mining, oil and gas and logging, involves inhabited land
Nov 03, 2014 (spx)
In an analysis of almost 73,000 concessions in eight tropical forested countries, more than 93 percent of these developments were found to involve land inhabite...
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