OIL

10,863 articles

New Orleans hosts energy auction for Gulf of Mexico
Aug 20, 2014 (UPI)
More than 20 million acres off the coast of Texas were opened up for bidding for energy explorers Wednesday in New Orleans, the U.S. government said. John Rodi,...
Production gains boost Australian energy company Woodside
Aug 20, 2014 (UPI)
Australian energy company Woodside Petroleum said Wednesday its second half performance was boosted by strong production gains from international assets. "Our i...
Russia readies for construction of gas pipeline to China
Aug 19, 2014 (UPI)
Construction on a natural gas pipeline meant to feed the Chinese market is set for the beginning of September, a Russia official said Tuesday. A pipeline contra...
Bulgaria suspends role in South Stream gas pipeline
Aug 19, 2014 (UPI)
The Bulgarian government said it was suspending all actions related to the planned Russian natural gas pipeline, South Stream, because of European rules. Bulgar...
Norway's leader on hand to open new North Sea oil platform
Aug 19, 2014 (UPI)
Norwegian oil company Statoil said Tuesday the nation's prime minister attended a ceremony for the launch of its first new regional oil platform in nine years. ...
Lukoil ships first batch of oil from Iraq's West Qurna field
Aug 19, 2014 (UPI)
Russian oil company Lukoil said Tuesday a tanker loaded with crude oil taken from the West Qurna project in Iraq has left the southern port city of Basra. Lukoi...
Predicting fracking policy
Aug 19, 2014 (SPX)
Hydraulic fracturing is emerging as one of the primary methods of drilling for natural gas, yet is equally controversial in its potential to induce harm to huma...
Iran says gas production up 30 percent year-on-year
Aug 19, 2014 (UPI)
Iran said Tuesday natural gas production is on the rise and on pace to reach 35 billion cubic feet in the next three years with help from the South Pars field. ...
A new look at what's in 'fracking' fluids raises red flags
Aug 19, 2014 (SPX)
As the oil and gas drilling technique called hydraulic fracturing (or "fracking") proliferates, a new study on the contents of the fluids involved in the proces...
Foam favorable for oil extraction
Aug 19, 2014 (SPX)
A Rice University laboratory has provided proof that foam may be the right stuff to maximize enhanced oil recovery (EOR). In tests, foam pumped into an experime...
Cairn bold going forward but hurt so far
Aug 19, 2014 (UPI)
Cairn Energy said Tuesday its development projects are funded through 2017 but cutting administrative costs means a reduction in its work force. Scottish energy...
Rosneft, Statoil start work in 'harsh' arctic climate
Aug 18, 2014 (UPI)
Russian oil company Rosneft said Monday it started an exploration program in the Barents Sea with Norwegian energy company Statoil. "The start of this explorati...
Iran focusing on oil to turn economy around
Aug 18, 2014 (UPI)
An economic adviser to Iranian President Hassan Rouhani said developing the oil and gas industries could pull the nation's economy back from the brink. An April...
China sidelining coal through more natural gas consumption
Aug 18, 2014 (UPI)
China is making strides with its efforts to use more natural gas in place of coal, a report Monday from the U.S. Energy Information Administration said. "Natura...
Gas from Slovakia sent to Ukraine in reverse-flow test
Aug 18, 2014 (UPI)
The Ukrainian government confirmed Monday testing was under way for the reversal of gas flows from Slovakia to Ukraine. Russian energy company Gazprom in June c...
Eni moving quickly on developing Gabon's gas reserves
Aug 18, 2014 (UPI)
Italian energy company Eni said Monday it updated the government of Gabon on emerging commercial prospects of offshore natural gas reserves. The company in July...
Apache says it's made major oil discovery offshore Australia
Aug 18, 2014 (UPI)
U.S. energy explorer Apache Corp. said Monday it may have discovered one of the more promising finds in years in a basin off the coast of Australia. Apache said...
Advocacy group questions Keystone XL data
Aug 18, 2014 (UPI)
An advocacy group said Monday it filed a request for information from the U.S. State Department on its assessment of the planned Keystone XL oil pipeline. The S...
Scotland: Economic prowess may lie in offshore reserves
Aug 18, 2014 (UPI)
Scottish Energy Minister Fergus Ewing said offshore energy reserves could be a cornerstone of a new economic model moving forward. "Stimulating oil and gas acti...
MOL signs development plan for Kurdish energy
Aug 15, 2014 (UPI)
Hungarian energy company MOL said it agreed on a development plan to pull reserves from the Arki-Bijeel area in the Kurdish north of Iraq. MOL and the Kurdish M...
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