OIL

10,863 articles

Sanctions on Russia taking their toll, bank leader says
Sep 19, 2014 (UPI)
It will be "very hard" to maintain economic growth in Russia amid sanctions pressure on its energy sector, the head of Russia's largest bank said Friday. Last w...
Business confidence in Russia waning, European bank says
Sep 18, 2014 (UPI)
Sanctions imposed in response to the situation in eastern Ukraine have resulted in a loss of business confidence in Russia, a European bank said Thursday. The U...
Scotland sees 'huge' oil potential through independence
Sep 18, 2014 (UPI)
A "yes" vote in Thursday's referendum will translate to vast oil wealth for an independent Scotland, the Scottish energy minister said as voting gets under way....
European lawmakers call for South Stream scrub
Sep 18, 2014 (UPI)
Members of the European Parliament passed a resolution Thursday calling for the cancellation of contracts for Russia's planned South Stream gas pipeline. Russia...
Former exploration leader now COO of Bakken player Continental
Sep 18, 2014 (UPI)
Bakken oil player Continental Resources appointed an exploration director as its new president after former boss Rick Bott resigned to pursue other interests. J...
Gas leaks from faulty wells linked to contamination in some groundwater
Sep 18, 2014 (SPX)
A study has pinpointed the likely source of most natural gas contamination in drinking-water wells associated with hydraulic fracturing, and it's not the source...
Wastewater injection is culprit for most quakes in Colorado and New Mexico
Sep 18, 2014 (SPX)
The deep injection of wastewater underground is responsible for the dramatic rise in the number of earthquakes in Colorado and New Mexico since 2001, according ...
Offshore Egypt 'promising,' RWE Dea says
Sep 18, 2014 (UPI)
German energy company RWE Dea said it won the rights to explore two areas off the coast of Egypt it says will provide "promising opportunities." The German comp...
Keystone XL would likely raise oil sands production and greenhouse gas emissions
Sep 18, 2014 (SPX)
Approval of the Keystone XL pipeline (KXL) would likely increase oil sands extraction, according to 26 oil sands professionals and researchers surveyed by the n...
Iraq says oil exports from southern ports down slightly
Sep 18, 2014 (UPI)
Oil exports from the southern Iraqi port cities were 73.6 million barrels for August, the Iraqi Ministry of Oil declared Thursday. Oil ministry spokesman Assim ...
Eni announces significant oil discovery in Ecuador
Sep 18, 2014 (UPI)
Italian energy company Eni said Thursday it made an oil discovery in Ecuador that could hold as much as 300 million barrels in place. Eni announced the discover...
Maine gets gas pipeline proposal from Kinder Morgan
Sep 18, 2014 (UPI)
Pipeline company Kinder Morgan announced it filed a proposal with authorities in Maine to expand natural gas capacity for the state. Kinder subsidiary Tennessee...
China expects shale to account for 20 percent of gas output
Sep 18, 2014 (UPI)
Though off to a slow start, the Chinese government said it expected gas production from shale will eventually make up about 20 percent of total output. Beijing ...
Assessing the environmental costs and benefits of fracking
Sep 18, 2014 (SPX)
A strange thing happened on the way to dealing with climate change: Advances in hydraulic fracturing put trillions of dollars' worth of previously unreachable o...
U.S. oil production for week ending Sept. 13 up 10 percent
Sep 18, 2014 (UPI)
U.S. crude oil production for the second week in September was more than 10 percent higher than the previous year, government data show. The U.S. Energy Informa...
Pakistan gets ADB backing for energy reforms
Sep 18, 2014 (UPI)
The Asian Development Bank stands behind an energy overhaul in Pakistan, though Islamabad needs to do its part to shore up financing, the ADB president said. AD...
Gazprom pegs ties with Kiev to lingering debt
Sep 17, 2014 (UPI)
The future relationship between Ukraine and natural gas company Gazprom depends on resolving lingering debt issues, the Russian company said. Gazprom says it's ...
Energy sector needs stability no matter how Scotland votes
Sep 17, 2014 (UPI)
Energy companies working in the North Sea need a sense of fiscal confidence no matter how the Scottish referendum turns out, Wood Mackenzie said Wednesday. Scot...
Gas prices in U.S. on pace for record decline
Sep 17, 2014 (UPI)
Analyses from GasBuddy and AAA show U.S. retail gasoline prices are plummeting and could reach $3 per gallon in some markets by the end of the year. AAA reports...
Polish shale proves fruitless for 3LegsResources
Sep 17, 2014 (UPI)
3Legs Resources, a company exploring the shale natural gas potential in Poland, said Wednesday it was giving up because of a lack of commercial prospects. The c...
Buy Advertising About Us Editorial & Other Enquiries Privacy statement
The content herein, unless otherwise known to be public domain, is Copyright 1995-2026 Space Media Network. All websites are published in Australia and are solely subject to Australian law and governed by Fair Use principles for news reporting and research purposes.