OIL

10,863 articles

Russia, Iran set oil-for-goods contract talks
Aug 06, 2014 (AFP)
Russia and Iran have agreed to discuss next month a contract for Tehran to export two percent of its annual oil production in apparent circumvention of sanction...
Biological fallout of shale-gas production still largely unknown
Aug 05, 2014 (SPX)
In the United States, natural-gas production from shale rock has increased by more than 700 percent since 2007. Yet scientists still do not fully understand the...
Petrol bomb targets drilling campaign in Ireland
Aug 05, 2014 (UPI)
An energy company planning to drill for shale natural gas in Northern Ireland said the home of one of its workers was bombed. Tamboran Resources said last month...
U.S. shale supports strong second quarter for Marathon
Aug 05, 2014 (UPI)
The Eagle Ford and other shale basins in the United States should provide strong momentum for Marathon Oil Corp. going forward, its president said. Marathon iss...
Rig tensions focus of ASEAN meeting next weekend
Aug 05, 2014 (UPI)
China's positioning of a rig in disputed waters of the South China Sea raises questions about its territorial commitments, a senior U.S. diplomat said. U.S. Sec...
API: Colorado takes right steps with energy
Aug 05, 2014 (UPI)
Despite some outside reservations, the energy industry said Colorado has the right regulations in place for oil and gas development. Colorado Gov. John Hickenlo...
Kurds file suit in Texas court over oil parked in Gulf of Mexico
Aug 05, 2014 (UPI)
The Kurdish government in Iraq said Tuesday it filed a motion in a Texas court to lift restrictions on a cargo of its oil parked off the coast of Galveston. The...
Russia sets dates for energy talks with EU
Aug 05, 2014 (UPI)
Members from the European Union are expected to meet with Russian Energy Minister Alexander Novak at the end of August, the Kremlin said Tuesday. European leade...
Libyan prime minister says oil crisis resolved
Aug 05, 2014 (UPI)
The Libyan government has managed to resolve its oil crisis and all ports are in operation, the Libyan prime minister said from Washington. Libyan Prime Ministe...
NIST corrosion lab tests suggest need for underground gas tank retrofits
Aug 05, 2014 (SPX)
A hidden hazard lurks beneath many of the roughly 156,000 gas stations across the United States. The hazard is corrosion in parts of underground gas storage tan...
Inpex Corp. said dredging completed for Australian LNG
Aug 04, 2014 (UPI)
Japanese energy company Inpex Corp. said Monday it completed dredging a channel in an Australian harbor for servicing the liquefied natural gas industry. Inpex ...
Russian billionaire considers who fills energy holes
Aug 04, 2014 (UPI)
Other Russian energy companies may wade into the European market in the evolving sanctions era, Russian billionaire Gennady Timchenko said. The U.S. and Europea...
JKX Oil and Gas reviewing options in Ukraine 'carefully'
Aug 04, 2014 (UPI)
Emergency budget legislation enacted by the Ukrainian government means a new tax burden needs careful review, JKX Oil and Gas said Monday. JKX said new budget m...
No action from Shell, Nigeria on oil pollution report: Amnesty
Aug 04, 2014 (AFP)
Nigeria and Shell have done almost nothing to ease oil pollution in the Ogoniland area of the Niger Delta, three years after a landmark UN report called for a $...
Rights groups blast lack of action on Nigeria oil pollution
Aug 04, 2014 (AFP)
Nigeria and Shell have done almost nothing to ease oil pollution in the Ogoniland area of the Niger Delta, three years after a landmark UN report called for a $...
South Pars could provide fuel for neighbors, Iran says
Aug 04, 2014 (UPI)
Iran is in a good position to provide fuel oil and diesel to its immediate neighbors and will reap the benefits in return, an executive director said. Mostafa K...
Jihadists seize oilfields in clashes with Iraq Kurds
Aug 02, 2014 (AFP)
Islamic State jihadist fighters seized two small oilfields in northern Iraq on Saturday after a fierce battle with Kurdish peshmerga forces, Kurdish officials s...
Iraq, Europe, North Sea to boost output for MOL
Aug 01, 2014 (UPI)
Hungarian energy company MOL said Friday it had a good first half of the year and expected higher production levels from Iraq and the North Sea. MOL reported a ...
Eni makes first entry into Myanmar
Aug 01, 2014 (UPI)
Italian energy company Eni said it signed two production sharing contracts for exploration in Myanmar, its first such deal in the Asian country. Eni representat...
Gas blasts tear through Taiwan city, kill 25
Aug 01, 2014 (AFP)
A series of powerful gas blasts killed at least 25 people and injured up to 267 Friday in the southern Taiwanese city of Kaohsiung, overturning cars and ripping...
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