OIL

10,863 articles

Christie sees 'long-term' foreign policy benefits from LNG
Sep 04, 2014 (UPI)
Unlocking U.S. energy potential by facilitating exports would increase leverage in the foreign policy arena, New Jersey Gov. Chris Christie said. The Republican...
Statoil moving rig after disappointment in Gulf of Mexico
Sep 04, 2014 (UPI)
Norwegian energy company Statoil said it would reposition a rig in the Gulf of Mexico after coming up dry in the deep water Martin prospect. Statoil said it com...
Energy group irked by Nova Scotia move away from shale
Sep 04, 2014 (UPI)
A Canadian energy trade group said it was upset with a decision from the provincial government in Nova Scotia to consider a moratorium on hydraulic fracturing. ...
Rosneft may shed a quarter of its staff next month
Sep 04, 2014 (UPI)
Russian media reported Thursday state-owned oil company Rosneft could shed as much as 25 percent of its staff as early as next month. Rosenft's staff has swelle...
BP ruled grossly negligent in 2010 oil spill
Sep 04, 2014 (AFP)
BP potentially faces billions of dollars in new fines after a New Orleans judge concluded it acted with "gross negligence" ahead of the massive 2010 Gulf of Mex...
Hoeven calls for more FBI, DEA in Bakken reserve area
Sep 04, 2014 (UPI)
Federal law enforcement agents need to be positioned in the heart of the North Dakota oil patch to address rising crime rates, Sen. John Hoeven said. The state ...
Company sees production growing across the board
Sep 04, 2014 (UPI)
Marathon Oil Corp. said it was focusing its strategies on U.S. shale basins after achieving a 20 percent increase in reserves since the end of 2013. The company...
Shell says it's extended 'sweet spot' of Utica shale
Sep 03, 2014 (UPI)
Shell announced Wednesday it made natural gas discoveries at two wells in the Utica shale reserve area in Pennsylvania. "Last year, we refocused our resources p...
Baker Hughes, Weatherford close on pipeline business deal
Sep 03, 2014 (UPI)
Oil services company Baker Hughes said it completed the acquisition of the pipeline business from rival Weatherford International. Baker Hughes said it's acquir...
Oettinger: Trilateral gas talks possible mid-September
Sep 03, 2014 (UPI)
Natural gas talks between the European Union, Russia and Ukraine may be possible mid-September if the right conditions are in place, Europe's energy boss said. ...
Oryx Petroleum sees improvements in Kurdish security
Sep 03, 2014 (UPI)
Canadian energy company Oryx Petroleum said "tangible improvements" in the Kurdish north of Iraq mean it can return to work at the Hawler license area. The comp...
Halliburton shielded from some claims in spill settlement
Sep 03, 2014 (UPI)
Oil services company Halliburton said it's shielded from some claims made in response to the Gulf of Mexico oil spill in 2010 as part of a settlement deal. The ...
AAA says gas prices cheapest since 2010
Sep 03, 2014 (UPI)
The national average price for a gallon of regular unleaded gasoline in the United States is the lowest it's been in more than four years, motor club AAA said. ...
Sabotage at Yemeni oil facilities hurts economy, IMF says
Sep 03, 2014 (UPI)
Militant attacks on oil facilities in Yemen are hurting the country's ability to build a strong economic base, the International Monetary Fund said. The IMF sai...
Statoil shutting down Huldra platform in North Sea
Sep 03, 2014 (UPI)
Norwegian energy company Statoil said its Huldra platform, its first gravity-based system in the North Sea, is shutting down six years later than planned. Gravi...
Shell: 'Persuasive argument' for U.S. oil and gas exports
Sep 03, 2014 (UPI)
Exporting oil and natural gas from the United States should help ensure a more stable global energy sector, the head of Royal Dutch Shell said from New York. Sh...
Putin: Power of Siberia plants Russian seed in China
Sep 02, 2014 (UPI)
Starting construction on a natural gas pipeline to China gives Russia the chance to plant its economic flag in the regional economy, Russia's president said. Ru...
BP, SOCAR to build Azeri workforce
Sep 02, 2014 (UPI)
Azerbaijan and BP announced plans to build a national workforce to help develop the country's oil and gas industry, officials said. Representatives from BP and ...
Statoil announces full return to In Amenas in Algeria
Sep 02, 2014 (UPI)
Norwegian energy company Statoil said it was ready to return to work in Algeria more than a year after terrorists stormed a gas facility there. Terrorists sympa...
Libyan oil production increasing despite turmoil
Sep 02, 2014 (UPI)
Though the country is facing one of its toughest post-war challenges, Libyan oil production continues to gain traction, a state energy company said. Libya's Nat...
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