OIL

10,863 articles

Maersk Oil to streamline operations at Houston office
Aug 22, 2014 (UPI)
Oil services company Maersk Oil said it would diminish its workforce at its office in Houston, though it remains focused on developing deep U.S. waters. The com...
July a record-setting month for U.S. oil
Aug 22, 2014 (UPI)
Imports of petroleum products into the United States last month were the lowest they've been in 19 years, the American Petroleum Institute said. API Chief Econo...
Rosneft inks asset swap with Norwegian drilling company
Aug 22, 2014 (UPI)
Russian energy company Rosneft said Friday it signed an agreement to acquire a stake in a Norwegian drilling company in exchange for drilling rigs. Rosneft sign...
Turkish energy minister says oil work in Iraq idled
Aug 22, 2014 (UPI)
Turkish Energy Minister Taner Yildiz called for patience after a state-run energy company suspended drilling operations in Iraq as a security precaution. Eight ...
Shale oil means U.S. oil imports decline, analysis shows
Aug 21, 2014 (UPI)
Oil production from shale basins in North Dakota and Texas are the primary reason for a decline in U.S. oil imports, data published Thursday show. Bentek Energy...
Oil thieves cause pipeline leak, pollute Mexico river
Aug 21, 2014 (AFP)
Thieves who tapped an oil pipeline in northern Mexico caused a spill that contaminated the San Juan River, a key irrigation source for farmers, authorities said...
Eni, BP venture gets gas going from offshore Egyptian project
Aug 21, 2014 (UPI)
Italian energy company Eni said Thursday it started natural gas production from a project in Egypt through a partnership with BP. Production from the offshore D...
U.S. sells acreage off Texas coast to energy companies
Aug 21, 2014 (UPI)
An auction for acreage in the western Gulf of Mexico drew more than $100 million in high bids from energy companies, the Interior Department said. Acreage up fo...
Oil spill in North Dakota reported near Canadian border
Aug 21, 2014 (UPI)
The government of North Dakota said it was responding to the spill of oil from a broken pipeline in the northern part of the state near the Canadian border. The...
Ukraine's Next Crisis? Economic Disaster
Aug 21, 2014 (SPX)
Ukraine's next crisis will be a devastatingly economic one, as violent conflict destroys critical infrastructure in the east and brings key industry to a halt, ...
Norway's DNO stands ground in Kurdish north
Aug 21, 2014 (UPI)
Norwegian energy company DNO said Thursday it remains committed to work in the Kurdish north of Iraq, despite evolving security concerns. The Islamic State, kno...
North Sea platform shut down because of pipeline corrosion
Aug 21, 2014 (UPI)
Norwegian energy company Statoil said it shut down its Troll platform in the North Sea after encountering a corroded pipeline at an oil export system. The compa...
Gazprom Neft schedules oil shipment from arctic peninsula
Aug 21, 2014 (UPI)
Russian oil company Gazprom Neft said Thursday it scheduled an oil shipment from a northern arctic port to European consumers by using a sea tanker. The company...
EIA: Gasoline prices falling across the nation
Aug 21, 2014 (UPI)
Nearly across the board, the average price for a gallon of regular unleaded gasoline in the United States is still falling, the U.S. Energy Department said. The...
Shale oil 'dividend' could pay for smaller carbon footprint
Aug 21, 2014 (SPX)
Unanticipated economic benefits from the shale oil and gas boom could help offset the costs of substantially reducing the U.S.'s carbon footprint, Purdue agricu...
Energy groups lean on Washington for more offshore access
Aug 20, 2014 (UPI)
The federal government is called on to open all U.S. territorial waters to offshore drilling because of improved safety measures, energy groups said. A coalitio...
Iraq troubled by alleged financing from oil for terrorists
Aug 20, 2014 (UPI)
The Iraqi government said Wednesday it was troubled by the alleged sale of crude oil from parts of the country under the control of a Sunni terrorist group. The...
Iran seeks backers for small-scale LNG developments
Aug 20, 2014 (UPI)
An Iranian official said Wednesday to expect a call to investors to help back the development of small-scale liquefied natural gas facilities in two months. Ham...
EPA on scene leading federal response to Ohio River spill
Aug 20, 2014 (UPI)
The U.S. Environmental Protection Agency said it's serving as the federal coordinator for response to the Monday spill of diesel fuel into the Ohio River. EPA s...
Wood Mac: Europe could take page from U.S. shale gas
Aug 20, 2014 (UPI)
Europe may be on the cusp of developing a shale natural gas sector that could mimic the expansion in the United States, analysis from Wood Mackenzie finds. Deve...
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