OIL

10,863 articles

Canadian oil company said oil seepage cleaned from Alberta
Aug 08, 2014 (UPI)
Cleanup is complete at a bitumen spill site in Alberta and any contamination threat is eliminated, Canadian Natural Resources Ltd. said. The company addressed t...
OPEC says Libyan oil production at highest point this year
Aug 08, 2014 (UPI)
Libyan oil production is at its highest level since the beginning of the year, the Organization of Petroleum Exporting Countries said Friday. OPEC said in its l...
Russia oil exploration sector target of Canadian sanctions
Aug 07, 2014 (UPI)
Canadian Prime Minister Stephen Harper said new economic pressure on Russia targets technology used for oil exploration and extraction. Harper said he had grave...
GDF Suez makes final decision on Cameron LNG facility
Aug 07, 2014 (UPI)
French energy company GDF Suez said Thursday it made a final investment decision on a liquefied natural gas plant planned for Louisiana. GDF Suez is a partner w...
Mexican energy sector opening to private investors
Aug 07, 2014 (UPI)
Mexican legislators cleared the way to open the nation's energy sector, a move President Enrique Peña Nieto has said is necessary for economic reform. Mexican ...
Baker Hughes shows U.S. leads in active rigs with 1,819
Aug 07, 2014 (UPI)
Oil services company Baker Hughes said Thursday there were more rigs actively exploring for oil or gas in the United States than any place else in the world. Ba...
Frontier Hoop area, ire of Greenpeace, empty for Statoil
Aug 07, 2014 (UPI)
Norwegian energy company Statoil said Thursday it completed its exploration program in the Hoop area of the Barents Sea after making a small gas discovery. Stat...
Statoil empty-handed after summer Arctic drilling campaign
Aug 07, 2014 (AFP)
Norwegian group Statoil has failed to find oil during a summer drilling campaign in the remote Norwegian Arctic, it said on Thursday dampening hopes for an oil ...
Oil prices gain as US eyes possible action in Iraq
Aug 07, 2014 (AFP)
US oil prices Thursday rallied from a six-month low following reports that the Obama administration is considering air strikes in Iraq. US benchmark West Texas ...
The Bigger Oil Story Behind the Headlines
Aug 07, 2014 (SPX)
While we fixate on sexy headlines about Chinese military threats in the South China Sea, for instance, or Washington 'lifting the ban' on crude oil exports, we ...
More energy exports spell benefits for U.S., API says
Aug 07, 2014 (UPI)
Outdated trade restrictions are limiting the United States' position as a global energy superpower, the American Petroleum Institute said. API reacted to data f...
Pakistan could have first LNG terminal open by year's end
Aug 07, 2014 (UPI)
Pakistan has cleared the way for more gas imports through key pipeline projects and through liquefied natural gas, the energy minister said. Pakistani Minister ...
Gulf Keystone Petroleum says Kurdish oil secure
Aug 07, 2014 (UPI)
Gulf Keystone Petroleum said Thursday its operations in the Kurdish north of Iraq are safe, though precautionary measures are in place. Gulf Keystone is one of ...
Parties get behind Colorado energy task force
Aug 06, 2014 (UPI)
An advocacy group in Colorado said it withdrew initiatives aimed at regulating oil and gas work in response to compromise measures from the state's governor. Co...
Lundin Petroleum faced with ongoing delays offshore Norway
Aug 06, 2014 (UPI)
Swedish energy company Lundin Petroleum said Wednesday it was frustrated with offshore field developments in Norway but expects a rebound in 2015. "The 2014 for...
Egypt, Iraq boost second quarter profits for Dana Gas
Aug 06, 2014 (UPI)
Emirati energy company Dana Gas said Wednesday its second quarter profits soared in part because of the 17 percent increase in production. "The focus on operati...
Continental Resources sees production rise, but profits fall
Aug 06, 2014 (UPI)
Continental Resources said Wednesday production from the Bakken reserve area in the Northern Plains increased 23 percent year-on-year, though profits were down....
Shell starts oil from deep water project in Nigeria
Aug 06, 2014 (UPI)
Royal Dutch Shell said Wednesday it started oil production from the first well at its deepwater Bonga North West development off the coast of Nigeria. "This is ...
Advocacy group warns of new fracking fallout
Aug 06, 2014 (UPI)
The backlash against sand used in fracking operations should be a warning to countries looking to replicate North American success, an opposition group said. En...
Genel boss Hayward ties oil production to Kurdish exports
Aug 06, 2014 (UPI)
Oil production from the Kurdish north of Iraq should increase in relation to the level of exports to the international market, Genel Energy said. Genel announce...
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