OIL

10,863 articles

Chevron picks Technip to help develop offshore Indonesia
Oct 29, 2014 (UPI)
French engineering company Technip said Wednesday it secured a contract to help Chevron develop its deepwater oil prospect off the coast of Indonesia. Technip u...
Total to strengthen resilience after de Margerie's death
Oct 29, 2014 (UPI)
The new chief executive officer at French energy company Total said Wednesday he'd work to cut costs and increase value as crude oil prices slip. Total tapped f...
Canada views Keystone XL decision as a bilateral challenge
Oct 29, 2014 (UPI)
The Canadian government is "impressed" with the State Department's vetting of the Keystone XL oil pipeline, Canadian Foreign Minister John Baird said. Baird hos...
Slump in OPEC imports drives U.S. total imports to low mark
Oct 29, 2014 (UPI)
Total U.S. crude oil imports for the first nine months of the year are down 15 percent from two years ago, Energy Information Administration data show. EIA publ...
Iran sees non-oil exports increase 20 percent over last year
Oct 29, 2014 (UPI)
Iran earned 20 percent more from non-oil exports during the first five months of the calendar year than it did last year, customs data released Wednesday show. ...
'The Great Invisible' shows blood spilled for oil
Oct 29, 2014 (AFP)
The cameras have left, but tears continue to fall in the Gulf of Mexico, four years after the environmental catastrophe caused by an explosion on British oil gi...
Where Did All the Oil Go
Oct 28, 2014 (SPX)
Due to the environmental disaster's unprecedented scope, assessing the damage caused by the 2010 Deepwater Horizon spill in the Gulf of Mexico has been a challe...
Russian economic stumbles impact BP performance
Oct 28, 2014 (UPI)
British energy company BP said Tuesday the depreciation of the Russian currency in part had a "significant impact" on third quarter results. BP reported its thi...
Bangladesh gas supports Asian demand, Chevron says
Oct 28, 2014 (UPI)
Bringing more gas production on stream in Bangladesh is part of an effort to meeting growing energy demands in Asian, a Chevron subsidiary said Tuesday. Chevron...
BP will close deal on TANAP gas pipeline by year's end
Oct 28, 2014 (UPI)
BP confirmed Tuesday an agreement to take a 12 percent stake in a Turkish pipeline carrying Azeri gas to Europe will close by the end of the year. BP-Azerbaijan...
Noble says gas sales from Israeli assets soaring
Oct 28, 2014 (UPI)
Energy explorer Noble Energy said Tuesday production during the third quarter soared because of advancements off the coast of Israel. Noble, a partner in the de...
Petrofac eyes Nova Scotia oil locked 3 miles under sea surface
Oct 28, 2014 (UPI)
British energy services company Petrofac said Tuesday it would help the provincial government in Nova Scotia tap into potential oil prospects offshore. The prov...
China oil demand near decade high for September
Oct 27, 2014 (UPI)
Despite an economic slowdown, Chinese government data show oil demand is at one of the highest levels in nearly a decade. The Organization of Petroleum Exportin...
Iran gas leak puts 130 in hospital, closes schools
Oct 27, 2014 (AFP)
Some 130 people were taken to hospital and more than 100 schools closed Monday in southeast Iran after an incident at a sewage works caused an outbreak of poiso...
OMV, Exxon start drilling in Romanian waters of Black Sea
Oct 27, 2014 (UPI)
Austrian energy company OMV and U.S. counterpart, Exxon Mobil, said Monday drilling started into a new reserve prospect off the Romanian coast. Both companies a...
Goldman forecast erases momentum from oil markets
Oct 27, 2014 (UPI)
While the European economy should be able to survive another crisis, a grim forecast Monday from Goldman Sachs pushed oil prices downward. West Texas Intermedia...
Waste, an alternative source of energy to petroleum
Oct 27, 2014 (SPX)
The group led by Martin Olazar, researcher in the UPV/EHU's Department of Chemical Engineering, is studying the development of sustainable refineries where it i...
South Korean company takes stake in Oklahoma shale basin
Oct 27, 2014 (UPI)
U.S. shale player Continental Resources said Monday it has signed a deal with a South Korean company to develop its gas assets in Oklahoma. Continental, which h...
Citgo no longer for sale, Venezuelan minister says
Oct 27, 2014 (UPI)
Venezuela's finance minister said the government has shelved plans to sell off the U.S. subsidiary of state oil company Petroleos de Venezuela. A decline in glo...
Spain's Repsol makes major oil find in Gulf of Mexico
Oct 27, 2014 (UPI)
Spanish energy company Respol said Monday it made what it said was a significant discovery of oil in the U.S. waters of the Gulf of Mexico. The company said it ...
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