OIL

10,863 articles

Halliburton pays $1.1 bn for Gulf of Mexico BP spill
Sep 02, 2014 (AFP)
Oil services company Halliburton said Tuesday it would pay a $1.1 billion settlement over its role in the 2010 Gulf of Mexico oil rig blowout that led to the Un...
Oil leak contaminates long stretch of Mexican river: official
Sep 02, 2014 (AFP)
An oil spill has spread more than 50 kilometers (30 miles) along a river in the Mexican state of Veracruz despite assurances by the state oil monopoly that the ...
Oil prices down after weak China, Europe data
Sep 02, 2014 (AFP)
Oil prices fell in Asia Tuesday following disappointing manufacturing data out of top energy consumer China as well as Europe and as dealers await fresh US econ...
U.S. not an open market for Kurdish oil, Baghdad says
Sep 02, 2014 (UPI)
The Iraqi Oil Ministry published a letter Tuesday saying the U.S. market is far from a legal destination for oil taken from the Kurdish north. The semiautonomou...
Statoil moving Transocean rig to new arctic drill site
Sep 02, 2014 (UPI)
Norwegian energy company Statoil needs to wait to start drilling for oil in the Barents Sea in order to vet appeals, a state energy regulator said. Norway's Pet...
Gazprom Neft starts delivery of new Iraqi crude oil
Sep 02, 2014 (UPI)
Russian energy company Gazprom Neft said oil from the Badra field in southern Iraq is making its way to the Persian Gulf for exports. The company, the oil arm o...
BG Group overhauls offshore gas system in Egypt
Sep 02, 2014 (UPI)
British energy company BG Group said its Egyptian subsidiary completed an overhaul of infrastructure needed to add new wells to its offshore operations. The so-...
Russia breaks ground on new gas pipeline to China
Sep 01, 2014 (AFP)
Russia launched construction Monday of a 770 billion ruble ($20.8 bn) gas pipeline that will help bring gas from the far east of the country to China. "We are t...
Oil dips amid US holiday, China data
Sep 01, 2014 (AFP)
Global oil prices slid on Monday in subdued deals before a public holiday in the United States and as dealers digested weak Chinese manufacturing data, analysts...
Shell files new plan to drill in Arctic
Aug 29, 2014 (AFP)
Royal Dutch Shell has submitted a new plan for drilling in the Arctic offshore Alaska, more than one year after halting its program following several embarrassi...
Nanoparticle research could enhance oil recovery, tracing of fracking fluid
Aug 28, 2014 (SPX)
Two Colorado State University researchers are examining how nanoparticles move underground, knowledge that could eventually help improve recovery in oil fields ...
Russia offers energy assurances to Europe
Aug 28, 2014 (UPI)
Russian Energy Minister Alexander Novak said he was standing by European energy needs despite the ongoing turmoil in Ukraine. Energy companies reviewing Ukraini...
Texas regulator assessing fracking as an earthquake trigger
Aug 28, 2014 (UPI)
A Texas energy regulator said it was reviewing industry practices for hydraulic fracturing brought into question after a series of seismic events in the state. ...
Marcellus shale drawing major investments
Aug 28, 2014 (UPI)
The Marcellus shale natural gas play is expected to draw in more than $100 billion in investments from operators, Wood Mackenzie says. Energy consultant group W...
Jihadists burn 3 Iraq oil wells as Kurds launch attack
Aug 28, 2014 (AFP)
Retreating jihadists set three wells ablaze at a northern Iraq oil field Thursday as they battled Kurdish forces who launched a major attack nearby, officials s...
Fire at BP refinery could cause regional gas woes
Aug 28, 2014 (UPI)
Gasoline prices in the United States should fall by at least 13 cents as demand wanes after the Labor Day holiday, the U.S. Energy Department said. The Energy I...
Wintershall pegs energy future to offshore Norway
Aug 28, 2014 (UPI)
Norway will serve as a cornerstone of the future energy security needs of the European economy, a top executive at German energy company Wintershall said. Marti...
ONEOK starts operation at N.D. gas processing plant
Aug 27, 2014 (UPI)
Energy company ONEOK Partners said it started operations at a gas processing plant in North Dakota capable of processing 100 million cubic feet per day. "We rem...
Texas ruling on oil boost of confidence, Kurds say
Aug 27, 2014 (UPI)
A Texas court ruling to dismiss an order to seize Kurdish oil parked off the U.S. coast should give potential buyers confidence, the Kurdish government said. A ...
Russia to accept foreign currencies for oil payments
Aug 27, 2014 (UPI)
Russian oil company Gazprom Neft said it agreed Wednesday to accept rubles and the Chinese yuan for crude oil deliveries. For exports from the Novoportovskoye f...
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