OIL

10,863 articles

Bill for more LNG exports passes with bipartisan support
Jun 26, 2013 (UPI)
Democratic lawmakers crossed party lines to vote in support of a Republican-led effort to increase U.S. LNG gas exports, the bill's leader said. With 46 Democra...
Iran considers investments needed for small-scale LNG
Jun 25, 2013 (UPI)
There's been some interest in supporting a fledgling liquefied natural gas industry in Iran, the country's deputy petroleum minister said. Deputy Petroleum Mini...
Global benefit of storing emergency oil outweighs costs, IEA finds
Jun 25, 2013 (UPI)
A study from the International Energy Agency in Paris finds that storing oil in emergency stockpiles does more than support energy security. The 29 members of t...
Dalrymple: Pipeline capacity keeping relative pace with Bakken
Jun 25, 2013 (UPI)
Crude oil pipeline capacity in North Dakota is keeping relative pace with production levels, the state's governor, Jack Dalrymple, said. Dalrymple addressed bus...
Senate leader says U.S. oil export policies out of date
Jun 25, 2013 (UPI)
Though some petroleum products can leave U.S. ports, a ban on crude oil exports is outdated, the top Republican on the Senate Energy Committee said. The U.S. Bu...
Put South Stream gas pipeline on hold, EU tells Russia
Jun 25, 2013 (UPI)
The European Commission has concerns about how Russia's planned South Stream gas pipeline conforms to European rules, the energy commissioner said Wednesday. Ru...
Italian energy company Eni expresses 'great interest' in Algeria
Jun 25, 2013 (UPI)
Italian energy company Eni said Wednesday it secured the rights to drill in three areas in Algeria from state energy company Sonatrach. The three permits for th...
Shale economic gains spreading, analyst says
Jun 25, 2013 (UPI)
The economic impact of increased U.S. oil and gas output has spread beyond states hosting shale reserve areas, the vice chairman of consultant group IHS said. M...
Hungarian energy company MOL sees good chance of oil success at home
Jun 24, 2013 (UPI)
Hungarian energy company MOL announced it secured an agreement with the government in Budapest to start exploring for oil in the country. The company said it se...
Labor issues force halt to oil work in Yemen
Jun 24, 2013 (UPI)
Norwegian oil and gas operation DNO ASA said Tuesday it suspended operations in parts of Yemen because of blockades by local groups. It said local labor unions ...
OPEC offers assurances oil markets are stable
Jun 24, 2013 (UPI)
The global oil market is well supplied and there's sufficient output from OPEC members despite regional tensions, the organization said Tuesday. Representatives...
Kenya could find energy relief through domestic reserves, company says
Jun 24, 2013 (UPI)
Tapping into indigenous gas resources may offer Kenya a more cost-effective solution to energy security, energy company Africa Oil Corp. said Tuesday. Africa Oi...
Militants take control of Iraq's largest oil refinery
Jun 24, 2013 (UPI)
Islamist militants in Iraq have taken full control of the largest oil refinery in the country, though the government said Tuesday the claims are false. The BBC ...
Austrian energy company OMV expects South Stream gas by 2106
Jun 24, 2013 (UPI)
Austrian energy company OMV said Tuesday it expects to see the first deliveries of natural gas from Russia's planned South Stream pipeline by the end of 2016. R...
Gas flows through damaged Ukrainian pipeline set for July
Jun 24, 2013 (UPI)
A natural gas pipeline damaged in an explosion last week in Ukraine should resume operations in early July, Ukrainian energy company Naftogaz said Tuesday. "In ...
Tanker loaded with Libyan crude finds its way to global market
Jun 24, 2013 (UPI)
A tanker loaded with Libya crude oil from the Elephant field is the first to leave port since operations resumed June 16, maritime data show. Production at the ...
Spanish energy company Repsol makes giant Russian oil discoveries
Jun 24, 2013 (UPI)
Spanish energy company Repsol said two oil discoveries in Russia are the largest made in the country in the last two years. Repsol said it made the discoveries ...
BP oil spill slows swimming speed of juvenile mahi-mahi
Jun 23, 2013 (UPI)
Juvenile mahi-mahi -- a favorite fish among foodies and fishermen, and one the fastest in the Gulf of Mexico -- exposed to BP's 2010 oil spill swim at just abou...
French company GDF Suez signs LNG agreement in Indonesia
Jun 23, 2013 (UPI)
French energy company GDF Suez said Monday it was looking at the prospects for building an onshore liquefied natural gas terminal in Indonesia. The company said...
Iran says it can step in should Iraqi oil sector falter
Jun 23, 2013 (UPI)
Iran has the ability to make up for any supply issues stemming from ongoing conflict in neighboring Iraq, the Iranian oil minister said. Crude oil prices spiked...
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