OIL

10,863 articles

Magellan, Oxy start new Texas shale oil pipeline
Sep 30, 2014 (UPI)
An oil pipeline designed to transport as much as 300,000 barrels per day from the Permian shale basin in Texas is now in service, operators announced. Magellan ...
Kurdish leader vows action against Islamic State oil smuggling
Sep 30, 2014 (UPI)
The Kurdish minister of natural resources issued a warning to the Sunni-led Islamic State there would be no quarter for oil smugglers. Kurdish Minister of Natur...
Gas deal depends on Ukraine, Russian energy minister says
Sep 30, 2014 (UPI)
Whether or not there's enough natural gas on hand to meet Ukrainian needs depends on the parties in Kiev, Russian Energy Minister Alexander Novak said Tuesday. ...
Sakhalin-1 program in Russia's Far East shielded, Exxon says
Sep 30, 2014 (UPI)
Exxon Mobil can operate freely with Russian energy company Rosneft at a Far East energy project without fear from sanctions, a spokesman said. The Sakhalin-1 pr...
Statoil, Shell enter fledgling Algerian shale sector
Sep 30, 2014 (UPI)
Norwegian energy company Statoil and its counterparts at Shell said Tuesday they'd spend the next two years assessing the shale gas potential in Algeria. "Stato...
More than $1 trillion needed to keep offshore Britain alive
Sep 30, 2014 (UPI)
British offshore oil and natural gas reserves will stop providing a return on investments if costs continue to rise, an industry report said Tuesday. Oil and Ga...
Gulfsands Petroleum says operations in Syria are safe
Sep 30, 2014 (UPI)
Though operations in Syria are idled because of economic sanctions, Gulfsands Petroleum said Tuesday its assets in the northeast of the country are secured. Gul...
Cove Point liquefied natural gas export decision draws fire
Sep 30, 2014 (UPI)
Environmental groups expressed outrage Tuesday with a federal decision to allow for liquefied natural gas exports from a terminal on the Maryland coast. In a la...
French envoy feted by Iraqi Oil Ministry
Sep 30, 2014 (UPI)
The Iraqi government said Tuesday it welcomed French diplomats in Baghdad to discuss natural security and economic ties, including ties in the oil sector. Iraqi...
Petronas sees YPF, Petronas nods as regional boosters
Sep 29, 2014 (UPI)
Malaysian oil company Petronas said it signed agreements with its Mexican and Argentine partners to expand its footprint in the Americas. Petronas, Mexican oil ...
Rosneft gives nod to Western partners with arctic oil find
Sep 29, 2014 (UPI)
Russian oil company Rosneft said the discovery of oil in an arctic license area came as the result of a united effort with its Western energy partners. Rosneft ...
Canada's Encana takes major chunk of Permian oil shale
Sep 29, 2014 (UPI)
Canadian energy company Encana Corp. said Monday it acquired Texas rival Athlon Energy to become one of the largest oil players in the Permian shale basin. "Thi...
Kremlin ready to act if trilateral energy proposal collapses
Sep 29, 2014 (UPI)
Russia is ready to respond should its Ukrainian or European Union partners renege on trilateral energy agreements, a Kremlin spokesman said Monday. Kremlin spok...
British study reviews impact of marine CCS leaks
Sep 29, 2014 (UPI)
A report from the British Geological Survey found leaks from subsea carbon capture and storage pose a minimal risk to marine ecosystems. BGS published a study i...
Dana Gas extends legacy in Egypt
Sep 29, 2014 (UPI)
Emirati energy company Dana Gas said Monday it was the successful bidder for two onshore license areas in the Nile Delta region onshore Egypt. Regional subsidia...
Iran said oil exports 'acceptable' and revenues on the rise
Sep 29, 2014 (UPI)
Iranian Oil Minister Bijan Zanganeh said Monday oil exports from the Islamic republic were "acceptable" and revenue was on the rise. Iran, under the terms of a ...
US-led Syria strikes on IS hit entrance to main gas plant: NGO
Sep 28, 2014 (AFP)
The US-led coalition against jihadists in Syria struck late Sunday the entrance to the country's main gas plant, in an apparent warning to Islamic State (IS) mi...
Rosneft says Arctic well drilled with Exxon struck oil
Sep 27, 2014 (AFP)
Russia's state-owned Rosneft said Saturday it had found oil in the Kara Sea off the north coast of Siberia in a joint drilling project with US oil giant ExxonMo...
Scottish government frustrated by British shale regulations
Sep 26, 2014 (UPI)
Developing unconventional resources like shale oil and natural gas should proceed only under a strict regulatory regime, the Scottish government said. Edinburgh...
API says proper classification of oil for rail essential
Sep 26, 2014 (UPI)
The American Petroleum Institute said proper classification of crude oil is essential when considering policies for safer rail transit. In May, API said a study...
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