OIL

10,863 articles

Water used in oil recovery in North Dakota spilled
Jun 18, 2013 (UPI)
Two thousand barrels of water used during oil recovery was spilled at a site in southwest North Dakota, the state's Department of Health said. The North Dakota ...
Shell sells off stake in Australian company Woodside Petroleum
Jun 17, 2013 (UPI)
Shell said Tuesday it views Australia as a vital part of global energy market despite unloading its shares in Australian energy company Woodside Petroleum. Roya...
Oil arm of Russia's Gazprom prepares for arctic drilling campaign
Jun 17, 2013 (UPI)
Russian energy company Gazprom Neft said it plans to conduct drilling operations in the northern Pechora Sea during the ice-free months of 2014. The company sai...
Norwegian oil production 2 percent higher than anticipated
Jun 17, 2013 (UPI)
The government of Norway, one of Europe's top oil producers, on Tuesday said output so far this year is 2 percent greater than anticipated. The Norwegian Petrol...
New oil tanker booked by Kinder Morgan
Jun 17, 2013 (UPI)
The expansion of a contract with General Dynamics for a 300,000-barrel oil tanker exemplifies a commitment to U.S. marine transport of oil, Kinder Morgan said. ...
Turkey's energy minister says to expect third shipment of Kurdish oil
Jun 17, 2013 (UPI)
Ankara expects a third tanker loaded with oil from the Kurdish north of Iraq will leave port before the end of the month, the energy minister said. Two tankers ...
OPEC remains vital, but will struggle going forward, IEA says
Jun 17, 2013 (UPI)
North American oil output is expected to rise at the same time OPEC begins to face strong "headwinds," the International Energy Agency said Tuesday. "By the end...
Polish gas pipeline project vital for European energy sector
Jun 17, 2013 (UPI)
The European Investment Bank said a Polish natural gas pipeline project will add a layer of diversity to the European gas corridor. EIB said it was lending $132...
Two idled oil fields in Libya again sending oil to Brega refinery
Jun 16, 2013 (UPI)
Two Libyan oil fields resumed deliveries to a key refinery in the country following a court order on political stability, two state energy companies said. State...
Iran's president boasts of increasing oil production
Jun 16, 2013 (UPI)
Iranian oil production has increased as multilateral nuclear negotiations continue, Iranian President Hassan Rouhani said. Iran can export around 1 million bpd ...
More than a quarter million barrels of oil per day sent from U.S.
Jun 16, 2013 (UPI)
The 268,000 barrels of crude oil exported per day from the United States in April was the highest level in 15 years, the Energy Department said Monday. The Ener...
'Encouraging day' for Pakistani gas, OMV says
Jun 16, 2013 (UPI)
Austrian energy company OMV said Monday getting a new gas facility on stream in Pakistan was a major boost for the country's energy supplies. "This is an encour...
More than $1 trillion in new money coming to oil in eastern Russia
Jun 16, 2013 (UPI)
Major investments in oil operations in the eastern part of Russia will boost export potential by 2035, Deputy Prime Minister Arkady Dvorkovich said Monday. Dkor...
Gazprom switches Ukraine to pre-payment because of overdue gas bills
Jun 16, 2013 (UPI)
Russia's Gazprom said Monday it switched Ukrainian gas company Naftogaz over to the new payment scheme because of $4.45 billion in overdue bills. "Payments [for...
Azeri gas a win-win situation, European president says
Jun 16, 2013 (UPI)
Building a gas corridor from Azerbaijan is just as vital for European energy security as it is Azeri economic development, a top European leader said in Baku. E...
U.S. led world in oil production growth last year, BP says
Jun 16, 2013 (UPI)
The increase in U.S. oil production last year was the largest annual rise the world has ever seen, BP Chief Economist Christof Ruhl said Monday. The British com...
British oil company unfazed by violence gripping Iraq
Jun 13, 2013 (UPI)
Production from the Shaikan oil field in the Kurdish north of Iraq should be at 40,000 barrels per day by year's end, Gulf Keystone Petroleum said Friday. "Shai...
Russia holds off on further gas talks with EU, Ukraine
Jun 13, 2013 (UPI)
With a payment deadline looming, a Kremlin spokesman said Russia would sit on the sidelines Friday of talks on gas debt issues with Ukraine. Russian, Ukrainian ...
China emerges as new energy 'center of gravity'
Jun 13, 2013 (UPI)
China's demand for oil and natural gas will be unrivaled within the next two decades, analysis from Wood Mackenzie finds. Paul McConnell, a principal analyst fo...
Norway's Statoil says even a robust renewable energy sector falls short
Jun 13, 2013 (UPI)
The chief economist at Norwegian energy company Statoil said Friday renewable energy won't be able to satisfy global energy demands. Statoil published an annual...
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