OIL

10,863 articles

Serbia: South Stream a matter between Russia and Brussels
Oct 07, 2014 (UPI)
Matters governing the construction of the South Stream gas pipeline from Russia should be settled between the Kremlin and Brussels, a Serbian diplomat said. Ser...
Enbridge offers oil pipeline assurances to Michigan
Oct 07, 2014 (UPI)
Michigan authorities said Canadian pipeline company Enbridge offered assurances two oil pipelines running under the Mackinac Straits are secured. Line 5 of the ...
Cyprus suspends peace talks over Turkish gas threats
Oct 07, 2014 (AFP)
Cyprus said Tuesday that it will not attend UN-led peace negotiations scheduled for this week in protest over Turkish moves to undermine the divided island's se...
Cairn announces major oil find offshore Senegal
Oct 07, 2014 (UPI)
Energy companies working off the coast of Senegal announced Tuesday a significant discovery of oil, with at least 250 million barrels in place. Cairn Energy and...
Europe pulls back on oil sands designations
Oct 07, 2014 (UPI)
European Union members are called on to choose low-carbon fuels over more polluting ones like oil sands under new fuel rules, a commissioner said Tuesday. A pro...
NRDC poll finds most New Yorkers oppose fracking
Oct 07, 2014 (UPI)
Those taking part in a survey commissioned by the Natural Resources Defense Council said they support a fracking ban in New York, the group said Tuesday. "Peopl...
Baker Hughes says U.S. rig count up 10 percent from 2013
Oct 07, 2014 (UPI)
The number of rigs exploring and developing land resources in the United States is up more than 10 percent year-on-year, Baker Hughes said Tuesday. The oil serv...
The World's 10 Biggest Energy Gluttons
Oct 07, 2014 (SPX)
Next time you get into your car and drive to the supermarket, think about how much energy you consume on an annual basis. It is widely assumed that Westerners a...
Shale players Forest, Sabine close to tying knot
Oct 06, 2014 (UPI)
The steps needed to become one of the premier players in the Eagle Ford shale play in Texas is nearly complete, Forest Oil and Sabine Oil and Gas said Monday. F...
Chevron brings Kuwaiti partners to Canadian shale
Oct 06, 2014 (UPI)
A portion of Canadian shale natural gas acreage was sold to a Kuwaiti energy company for $1.3 billion, the Canadian subsidiary of Chevron said Monday. "This sal...
Ruble hits historic low against Western currency
Oct 06, 2014 (UPI)
The value of the Russian ruble hit a historic low Monday when compared with U.S. and European currencies, the Russian Central Bank said. It took just over 40 ru...
BG Group said Cairo paid off small portion of debt
Oct 06, 2014 (UPI)
After receiving $350 million from the Egyptian government, British energy company BG Group said Monday the balance stands at around $1.2 billion. BG Group said ...
Dutch grab of arctic oil angers Greenpeace
Oct 06, 2014 (UPI)
Environmental advocacy group Greenpeace said it was frustrated the Dutch government was putting its oil interest above that of protecting the arctic. Campaign d...
London sees few land value concerns with fracking
Oct 06, 2014 (UPI)
There are few reasons to think advancing the shale natural gas agenda in the United Kingdom will hurt land values, a government spokesman said Monday. The Briti...
BP seeks review of ruling on 2010 oil spill
Oct 03, 2014 (UPI)
British energy company BP said it wanted a Louisiana court decision the company was negligent in the 2010 oil spill in the Gulf of Mexico reviewed. A district c...
Spain to pay 1.35 bn euros compensation for aborted gas project
Oct 03, 2014 (AFP)
Spain's government said Friday it will pay 1.35 billion ($1.7 billion) in compensation to a Spanish firm which was forced to stopped work on a vast underwater g...
API: Oil, gas boom came despite White House efforts
Oct 03, 2014 (UPI)
While welcoming a presidential address on the economy, the American Petroleum Institute said more stimulus could come as a result of less burdensome regulation....
Nuland: Sanctions pain depends on Kremlin actions
Oct 03, 2014 (UPI)
Sanctions targeting the Russian energy sector will be rolled back once the Kremlin addresses its obligations in Ukraine, a U.S. State Department official said. ...
Report: Islamic State losing oil grip because of airstrikes
Oct 03, 2014 (UPI)
Analysis of U.S.-led airstrikes on Islamic State targets in Iraq and Syria finds the group's ability to exploit oil for a source of revenue has been diminished....
Egypt pays $1.4 billion to foreign oil and gas companies
Oct 03, 2014 (UPI)
After securing loans from national banks, the Egyptian Petroleum Ministry announced it paid off $1.5 billion of its debt owed to foreign oil and gas companies. ...
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