OIL

10,863 articles

Benteck says gas demand could drive prices higher
Aug 27, 2014 (UPI)
Emerging and recovering demand for natural gas in North American could translate to an end to the era of cheap energy resources, a forecast shows. Bentek Energy...
Exxon agrees to $1.4 million oil spill settlement
Aug 27, 2014 (UPI)
ExxonMobil Pipeline Co. agreed to pay $1.4 million to resolve issues stemming from a 2012 oil spill in Louisiana, the Justice Department said. Around 2,800 barr...
Global security issues spare oil, AAA says
Aug 26, 2014 (UPI)
While geopolitical tensions are high, the impact on international oil markets is minimal and gas prices in the United States keep moving lower, AAA said. Days b...
Wood Mackenzie sees good things in Norway
Aug 26, 2014 (UPI)
The Norwegian government could pull in $84 billion in taxes from the natural reserves yet to be developed in its territory, analysis from Wood Mackenzie finds. ...
Shell posts gas find in deep Malaysia waters
Aug 26, 2014 (UPI)
Royal Dutch Shell said Tuesday its second major natural gas discovery off the coast of Malaysia underpins its strategy to develop a clean energy future. Andrew ...
Mexican energy reforms to yield production growth
Aug 26, 2014 (UPI)
Mexican energy sector reforms are expected to yield growth in long-term production trends, analysis from the U.S. Energy Department said. Mexican lawmakers are ...
Pipeline technology to help Brazil tap pre-salt deposits
Aug 26, 2014 (UPI)
Oil services company Wood Group Kenny said Tuesday it secured more than $2 million in contracts for work off the coast of Brazil from Petrobras. Program directo...
Slovakia said to stay on sidelines of Ukrainian energy sector
Aug 26, 2014 (UPI)
Russian media reports Tuesday it was told by a Slovakian energy company it won't play a role in management of Ukraine's gas transit system. The Ukrainian govern...
Kinder Morgan moves out of anti-trust scrutiny
Aug 26, 2014 (UPI)
Pipeline company Kinder Morgan Inc. said it was cleared by the U.S. government to consolidate its operations under a single banner. The company said the Federal...
Iran says sanctions hurt South Pars gas developments
Aug 26, 2014 (UPI)
Sanctions targeting the Iranian energy sector have curtailed development of the South Pars natural gas field, the Iranian energy minister said Tuesday. Iranian ...
Long-term gas supplies top Russian, Chinese agenda
Aug 26, 2014 (UPI)
Russian energy company Gazprom said its top officials met with the Chinese ambassador to Russia to discuss long-term natural gas supplies. Gazprom Chairman Alex...
IEA boss says U.S. LNG won't change European landscape
Aug 26, 2014 (UPI)
Liquefied natural gas sent from North America to European markets likely won't make much of a regional difference, the director of the IEA said from Norway. Int...
Pipeline through Mexico to source U.S. natural gas
Aug 25, 2014 (UPI)
French energy company GDF Suez said Monday it started construction on a natural gas pipeline running through Mexico through a partnership with Pemex. "This inve...
Statoil assessing obstacles to Rosneft relationship
Aug 25, 2014 (UPI)
Norwegian energy company Statoil stands by its partners in Russia, though Western sanctions do present some obstacles, the company's top executive said Monday. ...
Pittsburgh airport host to shale natural gas operation
Aug 25, 2014 (UPI)
Local officials in Pennsylvania say there have been few complaints about hydraulic fracturing operations near Pittsburgh International Airport. Consol Energy st...
Iraq's oil exports up 4 percent from June
Aug 25, 2014 (UPI)
Iraqi oil exports in July, including oil sent from the Turkish sea port of Ceyhan, were 4 percent higher than the previous month, a marketing company said. The ...
Azeri delegation reviews ties to Iran's energy sector
Aug 22, 2014 (UPI)
Azerbaijan said it signed a memorandum of understanding to broaden energy ties in the Iranian oil and natural gas sector. The State Oil Co. of the Azerbaijan Re...
Scotland wants to replicate Norwegian energy success
Aug 22, 2014 (UPI)
An independent Scotland could replicate the success of Norway when it comes to exploiting North Sea oil reserves, the Scottish energy minister said. "Norway is ...
Canada to hear aboriginal concerns over oil pipeline
Aug 22, 2014 (UPI)
The Canadian government said it set the schedule to hear concerns from the aboriginal community about expansion of the Trans Mountain oil pipeline. Pipeline com...
Turkey secures loans to buy stake in Shah Deniz gas project
Aug 22, 2014 (UPI)
State-run Turkish Petroleum Corporation said it secured $1 billion in loan agreements to take on French energy company Total's stake in an Azeri gas project. Th...
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