OIL

10,863 articles

Difficult security situation in Yemen, Libya hurt OMV
Aug 12, 2014 (UPI)
Disruptions in Libya were in part to blame for the 37 percent decline in second quarter profits, Austrian oil and gas company OMV said Tuesday. Chief Executive ...
Economic rebound should cause oil demand to rise, IEA says
Aug 12, 2014 (UPI)
Global demand for oil should accelerate by 1.3 million barrels per day in 2015, a 30 percent increase, because of economic recovery, the IEA said from Paris. Th...
Dalrymple leans on Washington for safer oil delivery
Aug 12, 2014 (UPI)
North Dakota Gov. Jack Dalrymple said he was pressing the U.S. energy secretary on comprehensive ways to make crude oil transportation safer. Dalrymple arrived ...
Who Needs Russia? Ukraine Will Destroy Itself With New Gas Tax
Aug 12, 2014 (SPX)
Ukraine doesn't need Russia to take it down-Kiev is doing fine destroying itself, most recently with a new tax code that doubles taxes for private gas producers...
Iran says erasing sanctions would provide global benefits
Aug 12, 2014 (UPI)
Removing sanctions on Iran will benefit the regional and global economies, Iranian President Hassan Rouhani said Tuesday from Tehran. Rouhani addressed delegate...
ONGC Videsh signs production sharing contracts in Myanmar
Aug 12, 2014 (UPI)
Indian oil company ONGC Videsh announced it signed two production sharing contracts for onshore exploration with partners in Myanmar. The company said it signed...
Russia's Bashneft signs on as operator at Myanmar oil block
Aug 11, 2014 (UPI)
Russian oil company Bashneft announced Monday it secured the rights to serve as the operator at an exploration program in central Myanmar. The oil company said ...
Russian media suggest gas talk schedules under review
Aug 11, 2014 (UPI)
Russian state media reports Monday sources inside the European Union say they expect to hold another round of gas talks with Russia and Ukraine in September. "A...
Researchers purposefully spill oil into the North Sea
Aug 11, 2014 (UPI)
A team of European and American researchers recently dumped oil into the North Sea in order to study it -- specifically to observe the behavior of hydrocarbons ...
Woodside, Noble Energy set sights on oil off Gabon's coast
Aug 11, 2014 (UPI)
Australian energy company Woodside Petroleum said Monday it bought an interest in an emerging oil basin off the coast of Gabon in West Africa. Woodside Chief Ex...
Utica may be the strongest gas play yet, Rice Energy says
Aug 11, 2014 (UPI)
Rice Energy, a company focused on eastern U.S. gas basins, said Monday natural gas output from Utica shale is among the highest it has seen so far. In June, the...
Rosneft, Exxon start work in arctic waters of Kara Sea
Aug 11, 2014 (UPI)
Operations with Exxon Mobil in the arctic waters of the Kara Sea should be on par with those in North America or Saudi Arabia, Russian oil company Rosneft said....
Chad scraps Chinese oil permits over alleged environmental violations
Aug 10, 2014 (AFP)
Chad has decided to withdraw five exploration permits issued to Chinese oil giant CNPC and press charges in a spat over a $1.2 billion fine for environmental vi...
Canada-US pipeline may spark more emissions than expected: study
Aug 10, 2014 (AFP)
A proposed pipeline from Canada to the United States may result in much higher greenhouse gas emissions than previously calculated as it could fuel greater oil ...
Failed Statoil campaign a told-you-so for Greenpeace
Aug 08, 2014 (UPI)
A decision by Statoil to end a campaign in the arctic waters of the Barents Sea shows it never should have drilled there in the first place, Greenpeace said. No...
Slow hurricane season good for U.S. energy
Aug 08, 2014 (UPI)
U.S. forecasters say one of the main drivers of higher fuel prices, hurricanes, should stay away for the remainder of the season. Forecasters with the National ...
Iran wants to strengthen energy ties with Azerbaijan
Aug 08, 2014 (UPI)
An Iranian official said Friday during talks in Azerbaijan both sides could work together on energy issues possibly extending into the European economy. Iranian...
Thailand's PTTEP signs $72 million exploration deal in Myanmar
Aug 08, 2014 (UPI)
Thai energy company PTTEP said Friday it signed a production sharing contract for onshore exploration in Myanmar in the nation's capital, Naypyitaw. Thailand's ...
Genel, others, evacuate non-essential staff from Iraq
Aug 08, 2014 (UPI)
British energy company Genel Energy said Friday it pulled non-essential staff out of northern Iraq as a safety precaution, though operations are secured. Genel ...
More crude oil carrying capacity at Edmonton terminal
Aug 08, 2014 (UPI)
Midstream company Kinder Morgan said it reached a deal to add more crude oil carrying capacity to a rail terminal in Edmonton already under construction. Kinder...
Buy Advertising About Us Editorial & Other Enquiries Privacy statement
The content herein, unless otherwise known to be public domain, is Copyright 1995-2026 Space Media Network. All websites are published in Australia and are solely subject to Australian law and governed by Fair Use principles for news reporting and research purposes.