OIL

10,863 articles

3Legs Resources ready for test production from Polish shale
Aug 15, 2014 (UPI)
British energy company 3Leg Resources said Friday efforts to bring Polish shale natural gas into production are going "very smoothly." The company said it put a...
Trilateral European talks to focus on energy security
Aug 15, 2014 (UPI)
European Commission President Jose Manuel Barroso said future trilateral talks with Kiev and Moscow would focus on energy and national security issues. Barroso ...
Greenpeace advised against Barents Sea drilling
Aug 15, 2014 (UPI)
The Greenpeace chapter in Norway said Friday it was upset with a decision by Statoil to send a drilling rig to the arctic reaches of the Barents Sea. Norwegian ...
Huge turret sets sail for Shell's mega floating gas facility
Aug 15, 2014 (UPI)
Royal Dutch Shell said Friday part of the largest floating liquefied natural gas facility in the world is on the way to a South Korean shipyard. Shell said the ...
Human Rights Watch wants Baku sidelined from EITI
Aug 15, 2014 (UPI)
Human Rights Watch said Azerbaijan should be suspended from a global transparency initiative on energy issues because of restrictive measures against NGOs. "Aze...
CNPC vetting subsidiaries for corruption
Aug 15, 2014 (UPI)
China National Petroleum Corp. said it was undergoing an internal probe after an audit uncovered widespread corruption. Chinese President Xi Jinping vowed to cr...
U.S. oil production gains can't support lower gasoline prices
Aug 14, 2014 (UPI)
The rise in U.S. crude oil production hasn't translated to cheap gasoline because output isn't universal and energy markets are global, a market analyst said. M...
Pemex keeps grip on proven Mexican oil reserves
Aug 14, 2014 (UPI)
Reforms give Pemex the right to most proven oil reserves, but private firms can compete for the bulk of the possible reserves, the Mexican government said. Mexi...
India on pace to run an energy deficit, EIA finds
Aug 14, 2014 (UPI)
India ranks among the top energy consumers in the world, with demand increasing at a double-digit rate, analysis from the U.S. Energy Department found. The Ener...
Spain's Canary Islands fume over oil exploration
Aug 14, 2014 (AFP)
Spain's government sparked an outcry Thursday by giving oil group Repsol the all-clear to explore for oil and gas off the coast of the tourism-dependent Canary ...
China's oil imports account for more than half of supplies
Aug 13, 2014 (UPI)
Chinese imports of crude oil during the second half of the year are expected to account for more than half of its supplies, an industry analyst said Wednesday. ...
U.S. on pace to approach record level of oil production
Aug 13, 2014 (UPI)
Total crude oil production in the United States in July was the highest level in more than a quarter century, the U.S. Energy Department said. The Energy Inform...
Vitol forms downstream business entity in Australia
Aug 13, 2014 (UPI)
Energy and commodity trading company Vitol said Wednesday it launched a retail business service in Australia after acquiring assets from Royal Dutch Shell. Vito...
On balance, Germany energy company E.ON did well
Aug 13, 2014 (UPI)
German energy company E.ON said Wednesday its exploration and production activity in the North Sea was the bright spot in an otherwise poor fiscal report. E.ON ...
New England heating fuel supplies bolstered
Aug 13, 2014 (UPI)
The North American subsidiary of GDF Suez said it was buying liquid natural gas from a Montreal company to address upcoming demand in New England. "Additional a...
EU gas production in track to decline, Russian report says
Aug 13, 2014 (UPI)
Natural gas production from members of the European Union is expected to decline by more than 40 percent in the coming years, Russian analysis Wednesday finds. ...
Production from Utica shale at healthy clip, EIA says
Aug 13, 2014 (UPI)
The U.S. Energy Department said it was including the eastern Utica shale formation in a monthly productivity report because of exponential growth in output. The...
Oil services company Schlumberger latest to fret over Russia
Aug 13, 2014 (UPI)
Oil services company Schlumberger said it expects to take a financial hit as a result of Western sanctions targeting the Russian energy sector. The United State...
French bank tasked with helping unload Citgo
Aug 13, 2014 (UPI)
Venezuela's state-owned oil company has hired a French bank to help offload Citgo, its U.S. downstream entity, an executive at the company said. A senior offici...
Moscow continues to cry foul over Yukos ruling
Aug 12, 2014 (UPI)
An arbitration panel at The Hague decided its case against former Russian oil company Yukos on political grounds, Russia's deputy foreign minister said Tuesday....
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