OIL

10,863 articles

Vietnam issues request to China to move oil rig and escort vessels
Jun 23, 2013 (UPI)
Vietnam's official media reports a request was sent to the Chinese side asking they remove the oil rig positioned in disputed maritime territory. China in early...
Russia sees no evidence of gas theft in Ukraine
Jun 23, 2013 (UPI)
There's no evidence to suggest Russian natural gas bound for Europe was siphoned off during transit through Ukraine, the Russian Energy Ministry said Monday. "A...
Lundin verifying petroleum potential in Luno II area of North Sea
Jun 23, 2013 (UPI)
Swedish energy company Lundin Petroleum said Monday it started drilling into the Luno II discovery off the Norwegian coast to assess its reserve potential. "The...
Nine tankers loaded with oil slip track in Russia
Jun 23, 2013 (UPI)
Law enforcement officials in Russia said nine rail cars carrying crude oil derailed near the Black Sea port city of Novorossiysk. Officials said no injuries wer...
Russian minister said using energy for political gain a bad move
Jun 20, 2013 (UPI)
Russian Energy Minister Alexander Novak said using energy for geopolitical gain leads to market instability and a poor investment climate. Novak told delegates ...
Kurdish oil contracts made on international commercial market basis
Jun 20, 2013 (UPI)
The semiautonomous Kurdish government in northern Iraq said it's delivering oil to its customers under contracts that are commercially viable. Two vessels loade...
Louisiana gas export terminal clears regulatory milestone
Jun 20, 2013 (UPI)
The last regulatory milestone was cleared to start building a $9 million liquefied natural gas terminal in Louisiana, Sempra Energy announced. Sempra said its s...
British energy body says safety could be better offshore
Jun 20, 2013 (UPI)
The British offshore oil and gas sector is not where it needs to be in terms of preventing releases, industry body Oil & Gas U.K. said in a report. Oil & Gas U....
House leaders says gas prices would drop through their measure
Jun 20, 2013 (UPI)
Members of the House of Representatives said U.S. consumers would pay less at the pump if a bill in support of expanded domestic energy production passed. Rep. ...
EIA says year-on-year oil imports down for U.S., though weekly levels up
Jun 19, 2013 (UPI)
U.S. crude oil imports are lower than they were last year, though short-term data show an increase, the U.S. Energy Information Administration said. EIA, the st...
Latest gas find is at least of 3 trillion cubic feet
Jun 19, 2013 (UPI)
With the latest discovery of natural gas, Tanzania is quickly becoming a key exploration asset for Statoil, a senior vice president for the region said. Statoil...
Gazprom says first welds for Chinese gas pipeline expected by August
Jun 19, 2013 (UPI)
The first welds of a pipeline meant to deliver Russian natural gas to China should be set within the next two months, the chairman of Gazprom said. Gazprom said...
Ireland readies for 2015 offshore licensing round
Jun 19, 2013 (UPI)
While momentum is building for exploration off the Irish coast, the country's natural resources minister said there are no guarantees for success. Irish Ministe...
Santos, GDF Suez back to drawing board for Australian gas
Jun 19, 2013 (UPI)
Australian energy company Santos said Thursday it was mulling its options after finding the Bonaparte LNG project doesn't meet its commercial interests. Santos ...
Canada sees good progress in safety for crude oil transport by rail
Jun 19, 2013 (UPI)
Canadian transportation officials are making good progress in addressing the safety issues of crude oil transport by rail, the Transportation Safety Board said....
China and U.K. 'stand united' on energy security, minister says
Jun 18, 2013 (UPI)
The Chinese and British governments stand together in developing lasting energy solutions to tackle climate change, the British energy secretary said. Governmen...
North Dakota oil production reaches milestone with 1,001,149 bpd
Jun 18, 2013 (UPI)
By reaching 1 million barrels of oil per day, North Dakota has cemented itself as a cornerstone of the U.S. shale success story, U.S. Sen. John Hoeven said. The...
Irish government increases taxes on oil exploration and production
Jun 18, 2013 (UPI)
The Irish government said Wednesday it was increasing taxes on oil exploration and production to bring more financial return to the state. Energy Minister Pat R...
Russian power sector needs focus, IEA says
Jun 18, 2013 (UPI)
Russia could create a new source of economic growth if it gets its policies on power generation and transmission right, the International Energy Agency said. Th...
China, Vietnam work to resolve oil and maritime disputes
Jun 18, 2013 (UPI)
China may be working to de-escalate the crisis that erupted when it sent a drilling rig to waters disputed with Vietnam, a former Vietnamese diplomat said. Chin...
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