OIL

10,863 articles

Kremlin says next EU, Kiev gas talks set for Oct. 21
Oct 10, 2014 (UPI)
The Kremlin said Friday it agreed on a date for the next round of talks aimed at resolving a Ukrainian gas issue endangering European energy security. "The Russ...
Tullow Oil upbeat on prospects for oil offshore Gabon
Oct 10, 2014 (UPI)
Though reserves encountered so far off the coast of Gabon are non-commercial, Tullow Oil said Friday it was encouraged by the West African results. Tullow said ...
Will Ukraine Commit Economic Suicide
Oct 10, 2014 (SPX)
By James Stafford of Oilprice.com Ukraine is on the brink of committing economic suicide after imposing a crippling 55 percent tax on private gas producers, whi...
Brine spill soils land, waterway, in North Dakota
Oct 10, 2014 (UPI)
Waterways were soiled by the spill of an unknown amount of material used to produce oil and gas in a North Dakota county, the state government said. The North D...
Putin may meet Ukraine's Poroshenko in Italy: Kremlin
Oct 09, 2014 (AFP)
Russian President Vladimir Putin may hold talks with his Ukrainian counterpart Petro Poroshenko on the sidelines of a summit in Italy next week, his aide said o...
China signs off on Power of Siberia gas project with Russia
Oct 09, 2014 (UPI)
China National Petroleum Co. said Thursday it received consent from the government to start work on the Power of Siberia natural gas pipeline from Russia. Russi...
More fracking planned by British shale pioneer IGas
Oct 09, 2014 (UPI)
British shale drilling pioneer IGas said Thursday it plans to drill its third well in the country's northwest next month to survey the reserve potential. The co...
Firms to invest $2.12 bn in Ecuador oil fields
Oct 09, 2014 (AFP)
Firms from a range of countries will invest $2.12 billion to develop oil fields in Ecuador's Amazon basin region, the government said Wednesday. Oil companies f...
U.S. strikes aimed at disruptive IS oil financing
Oct 09, 2014 (UPI)
Disrupting the ability of the group calling itself the Islamic State to raise funds through oil revenue is a key U.S. military objective, an official said. U.S....
Lego caves in to Greenpeace and axes Shell partnership
Oct 09, 2014 (AFP)
The world's largest toymaker Lego caved in to pressure Thursday from a hugely successful Greenpeace campaign targeting a deal with oil giant Shell and linking t...
EU leans on Serbia over South Stream gas pipeline
Oct 09, 2014 (UPI)
The European Union said Serbia needs to get in line with regional energy regulations, notably as they relate to the planned South Stream gas pipeline. Serbia an...
Green advocates say EU tar sands nod is shameful
Oct 08, 2014 (UPI)
Advocates for a low-carbon economy cried foul over a European decision to ease restrictions on oil sands produced from Canadian fields. The European Commission ...
U.S. strikes target IS-controlled oil refineries
Oct 08, 2014 (UPI)
U.S. airstrikes on Islamic State targets in parts of northeastern Syria include strategic control structures and oil refineries, the State Department said. Mili...
Norway sees low cash flow, pegged outlook to $103/bbl
Oct 08, 2014 (UPI)
Though cash from the petroleum industry was lower than expected, the Norwegian government said Wednesday the sector was producing ample value for the economy. T...
UK oil rig evacuated over ship carrying radioactive waste
Oct 08, 2014 (AFP)
Dozens of workers were evacuated from an oil rig in Britain's North Sea after a vessel carrying radioactive waste caught fire and started drifting towards it, o...
U.N. report says Ukrainian gas issue a humanitarian concern
Oct 08, 2014 (UPI)
Energy issues in eastern Ukraine are taking a humanitarian toll as residents grow concerned about supplies for the coming winter, a U.N. report said Wednesday. ...
Shell producing oil from first deepwater Malaysian well
Oct 08, 2014 (UPI)
Dutch energy company Shell said Wednesday it started production from a deepwater field in Malaysia, where output should reach 135,000 barrels per day. Shell sta...
Refinery startups, low oil prices, keep gas pain at bay
Oct 08, 2014 (UPI)
U.S. refinery startups and a steady supply of oil from the Middle East are helping keep U.S. gasoline prices at historic lows, motor club AAA reports. AAA repor...
Petronas watching Canadian LNG debate unfold
Oct 07, 2014 (UPI)
Malaysian energy company Petronas said Tuesday it may have to suspend plans to develop a Canadian liquefied natural gas project because of fiscal uncertainty. M...
Kiev says fair price for gas necessary
Oct 07, 2014 (UPI)
Ukraine is ready to find a mutually acceptable solution to ensure the reliable transit of Russian natural gas, the country's prime minister said. Ukrainian Prim...
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