OIL

10,863 articles

Why Scotland would be better off staying in the UK
Sep 17, 2014 (UPI)
Scots will be worse off if they vote for independence. It's not good economics and not much else is at stake. Unlike the now dormant -- but never dead -- separa...
Keystone XL needs recertification in South Dakota
Sep 16, 2014 (UPI)
The company behind the planned Keystone XL oil pipeline said it had to re-apply for a construction permit in South Dakota because of approval delays. Pipeline c...
Gov. Parnell frustrated by BP move in Alaska
Sep 16, 2014 (UPI)
Alaska Gov. Sean Parnell said he was "extremely disappointed" with a decision by British energy company BP to cut its workforce in the state. BP announced layof...
Kurdish government: Settle oil row at home
Sep 16, 2014 (UPI)
Settling claims over which entity has the authority to sell Iraqi crude oil is a matter for the Iraqi courts, the Kurdistan Regional Government said. The semiau...
Technip secures engineering contract from BAPCO
Sep 16, 2014 (UPI)
French engineering company Technip said Tuesday it won a refinery contract in Bahrain that could increase output by 34 percent. The Bahrain Petroleum Co. awarde...
Ukraine needs to observe gas contracts, Gazprom says
Sep 16, 2014 (UPI)
Reliable natural gas deliveries to Europe depend largely on contractual issues in Ukraine, Russian energy company Gazprom said Tuesday. Gazprom in June cut gas ...
Contaminated water in 2 states linked to faulty shale gas wells
Sep 16, 2014 (SPX)
Faulty well integrity, not hydraulic fracturing deep underground, is the primary cause of drinking water contamination from shale gas extraction in parts of Pen...
Oil output from Norway beats expectations
Sep 16, 2014 (UPI)
Oil production from Norwegian territory in August was 10 percent higher than what was predicted, the Norwegian Petroleum Directorate said Tuesday. NPD said aver...
New EU energy and climate head sells oil shares
Sep 16, 2014 (AFP)
The EU's incoming energy and climate commissioner said on Tuesday he is selling his shares in oil firms to avoid any conflict of interest ahead of a grilling by...
OECD backs energy sentiments of slow growth
Sep 16, 2014 (UPI)
On the heels of reports predicting low oil demand, a director at the OECD said from France the global economy was expanding at only a moderate pace. Rintaro Tam...
Study finds faulty gas wells, not drilling, pollutes water
Sep 16, 2014 (UPI)
It's bad well design, not hydraulic fracturing itself, that's leading to contamination of drinking water, research led by Ohio State University finds. U.S. natu...
BP: No updates for hurricane threat in Gulf of Mexico
Sep 15, 2014 (UPI)
There's no threat to oil installations in the Gulf of Mexico from hurricanes, British oil company BP states from its storm prediction center. Hurricane Odile, a...
China Sinopec unit to sell 30% stake
Sep 15, 2014 (AFP)
Chinese oil giant Sinopec will sell a 30 percent stake in its marketing arm to outside investors for more than $17 billion, the company said, as the government ...
Pipeline to Henry Hub closed after deadly accident
Sep 15, 2014 (UPI)
A natural gas pipeline off the coast of Louisiana was closed Monday in response to a deadly accident, Chevron Pipe Line Co. said. Chevron was mum on the details...
Shell assessing 'possible impact' of Russian sanctions
Sep 15, 2014 (UPI)
A spokesman for Royal Dutch Shell said Monday the company was reviewing what impact, if any, sanctions would have on its ties to the Russian energy sector. "We ...
Tate Modern called to come clean on ties to BP
Sep 15, 2014 (UPI)
Tate Modern art gallery in London needs to come clean about its financial ties to British oil company BP, advocates said Monday. "There's a great deal of public...
Kremlin suspends trilateral natural gas talks
Sep 15, 2014 (UPI)
A spokesperson for the Russian Energy Ministry said Monday it was postponing trilateral talks with the European Union and Ukraine. Talks were scheduled for Satu...
$465 million contract for Aker Solutions in Brazil
Sep 15, 2014 (UPI)
A subsidiary of Norwegian oilfield services company Aker Solutions said Monday it won a $465 million contract for work off the coast of Brazil. Subsidiary Aker ...
Gas can't get to Iraq until security improves, Iran says
Sep 15, 2014 (UPI)
Gas can't be sent through a pipeline to a power plant in Iraq until next year because of the security situation there, an Iranian development official said. The...
Residual hydraulic fracturing water not a risk to groundwater
Sep 15, 2014 (SPX)
Hydraulic fracturing -- fracking or hydrofracturing -- raises many concerns about potential environmental impacts, especially water contamination. Currently, da...
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