OIL

10,863 articles

Eni says new gas find off Indonesia good for LNG hopes
Oct 27, 2014 (UPI)
Italian energy company Eni said Monday there may be as much as 1.3 trillion cubic feet of natural gas at an exploration prospect off the Indonesian coast. Eni s...
An effective, cost-saving way to detect natural gas pipeline leaks
Oct 24, 2014 (SPX)
Major leaks from oil and gas pipelines have led to home evacuations, explosions, millions of dollars in lawsuit payouts and valuable natural resources escaping ...
ADS and Spectrum Geo produce oil seep and seismic study of Adriatic
Oct 24, 2014 (SPX)
Airbus Defence and Space and seismic multi-client acquisition and imaging specialists Spectrum Geo, have produced a joint study correlating natural oil seeps id...
Ground broken for Cameron LNG plant in Louisiana
Oct 24, 2014 (UPI)
Construction began in Louisiana on a plant cleared to export around 1.7 billion cubic feet of U.S. natural gas per day, joint venture partners said. Officials f...
U.S. producers form lobby to call for end to oil export ban
Oct 24, 2014 (UPI)
Lifting a crude oil export ban will drive prices down at home while increasing U.S. leverage overseas, an adviser advocating on behalf of oil producers said. Fu...
Brent, WTI can't do repeat performance
Oct 24, 2014 (UPI)
Brent crude oil prices for December delivery were unable to maintain momentum Friday, with the international benchmark falling off around $1 per barrel. Brent c...
Abducted Chinese worker freed in Sudan: minister
Oct 24, 2014 (AFP)
Sudan's security forces have freed a Chinese worker abducted last week in the conflict-hit West Kordofan region, the oil minister said on Friday. "The security ...
Russian currency hits all-time low against the dollar
Oct 24, 2014 (UPI)
Moscow trading data for Friday show the Russian currency hit an all-time low against the U.S. dollar as the economy struggles under energy-related sanctions. By...
Wood Mac sees U.S. on its way to energy independence
Oct 24, 2014 (UPI)
The United States is on the path to energy independence because it's producing more reserves than it consumes, analysis from Wood Mackenzie finds. Wood Mackenzi...
Low Oil Prices Hurting U.S. Shale Operations
Oct 24, 2014 (SPX)
Slumping oil prices are putting pressure on U.S. drillers. The number of active rigs drilling for oil and gas fell by their most in two months, according to the...
Spain defends Canaries oil drilling plan
Oct 24, 2014 (AFP)
Spain on Friday launched a legal challenge to defend plans to explore for oil and gas off the Canary Islands, a popular tourist destination. Authorities in the ...
Statoil takes frontier position offshore Australia
Oct 24, 2014 (UPI)
Norwegian energy company Statoil said Friday it was expanding its footprint off the Australian coast with an exploration permit for natural gas. "This award add...
Lancashire needs more time to mull Cuadrilla frack plans
Oct 24, 2014 (UPI)
Planners in the British county of Lancashire said they needed more time to consider drilling plans from shale pioneer Cuadrilla Resources. Cuadrilla in June dep...
3 dead in platform collapse in the Caspian Sea
Oct 24, 2014 (UPI)
At least three people were killed when an offshore drilling platform collapsed in the Azeri waters of the Caspian Sea, a government ministry declared. Parts of ...
Driver, ground crew probed in de Margerie death
Oct 23, 2014 (UPI)
A Moscow court announced the Thursday arrest of the driver of the snowplow involved in the runway incident that left Total CEO Christophe de Margerie dead. The ...
Oxy says output from Texas shale up, income down
Oct 23, 2014 (UPI)
Occidental Petroleum Corp. said Thursday its quarterly production was boosted by Texas shale, but income was down for the third quarter. Occidental, known commo...
New oil field declared in North Sea by BG, GDF Suez
Oct 23, 2014 (UPI)
French energy company GDF Suez and British counterpart BP said Thursday they made a significant new oil discovery in the central waters of the North Sea. "As BP...
Think beyond oil in ISIS campaign, advocacy group says
Oct 23, 2014 (UPI)
Action beyond hitting the Islamic State's oil revenues with bombs in Syria is needed if the campaign is to succeed, a peace advocacy group said. In September, U...
Alaska unlocks oil and gas leases near dispute ANWR border
Oct 23, 2014 (UPI)
Alaska's government said it was able to award oil and gas drilling licenses after clarifying authority near the border of the Arctic National Wildlife Refuge. T...
Oklahoma rising as oil state, Continental Resources says
Oct 23, 2014 (UPI)
The Springer reserve area in Oklahoma is emerging as one of the premier oil basins in the region, Continental Resources said Thursday. Continental, which has he...
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