OIL

10,863 articles

Hundreds of birds stricken after Rotterdam oil spill
Jun 25, 2018 (AFP)
The Norwegian tanker Bow Jubail on Saturday crashed against a jetty in western Europe's largest port, spilling the heavy bunker fuel into the section of the har...
Russia sees oil leverage with Saudi partnership
Jun 25, 2018 (UPI)
Russian Energy Minister Alexander Novak sat next to his Saudi counterpart, Khalid al-Falih, at a regular meeting for the Organization of Petroleum Exporting Cou...
Russian, U.S. energy leaders to meet
Jun 25, 2018 (UPI)
Washington host's this year's World Gas Conference, which kicks off Tuesday. U.S. speakers include Energy Secretary Rick Perry and U.S. Sen. Lisa Murkowski, R-A...
Fires from militant attacks put out at Libyan oil depots
Jun 25, 2018 (UPI)
Anti-government forces loyal to militia leader Ibrahim Jadhran stormed oil infrastructure at the Sidra and Ras Lanuf terminals earlier this month. Two storage t...
Drilling plans outlined for Israeli offshore natural gas
Jun 25, 2018 (UPI)
Energean said it decided on plans for drilling in the Karish North prospect in the Mediterranean Sea before the end of March. This will be the first of seven ef...
Dutch govt seals gas deal once quake-hit field closes
Jun 25, 2018 (AFP)
The Netherlands announced in March it will halt all extraction from Europe's largest gas field by 2030 after years of damaging earthquakes in the northern regio...
OPEC, non-cartel agree to share increased oil production
Jun 25, 2018 (UPI)
On Friday, the Organization of the Petroleum Exporting Countries agreed to boost production. On Saturday, ministers of the cartel met with major producers outsi...
Mongolia builds first refinery to ease Russian fuel dependence
Jun 22, 2018 (AFP)
India's Home Minister Rajnath Singh attended the ceremony along with Mongolian Prime Minister Khurelsukh Ukhnaa in a remote corner of the Gobi Desert. Mongolia ...
French energy company ENGIE disposes of Asia-Pacific coal
Jun 21, 2018 (UPI)
The French company sold its 69.1 percent stake in power-producer Glow to Global Power Synergy Public Co. in Bangkok for net proceeds of $3 billion. "This dispos...
Trillions of dollars in investments needed in oil, OPEC says
Jun 21, 2018 (UPI)
Ministers from the Organization of Petroleum Exporting Countries wrap up regular meetings in Vienna on Saturday. Early Friday, ministers agreed to put more barr...
Norway's oil and gas production could be declining
Jun 21, 2018 (UPI)
The Norwegian Petroleum Directorate, the nation's energy regulator, reported in its annual resource forecast that just under half of all the expected resources ...
Colorado sees bottlenecks crimping oil production
Jun 21, 2018 (UPI)
Colorado crude oil production more than tripled since 2010 and now accounts for about 4 percent of the total U.S. crude oil production. Anadarko Petroleum, one ...
Iran: Less politics will help stabilize oil markets
Jun 21, 2018 (UPI)
"I would like to reiterate that, in our view, de-politicizing the oil market is vital for market stability and its stakeholders," Iranian Oil Minister Bijan Zan...
Venezuelan production woes expected to continue
Jun 21, 2018 (UPI)
Lingering production declines from Venezuela are supporting higher oil prices. The price for Brent crude oil, the global benchmark, is up nearly 70 percent from...
Offshore Guyana on par with the Permian basin
Jun 21, 2018 (UPI)
Exxon Mobil Corp. and partner Hess Corp. announced their eighth oil discovery off the coast of Guyana earlier this week. Steve Greenlee, the president of Exxon'...
Shell dumps interest in two Norwegian fields
Jun 21, 2018 (UPI)
Shell's subsidiary in Norway sold its entire 44.56 percent interest in the Draugen field and its 12 percent in the Gjøa to Norwegian energy company OKEA. OKEA ...
US leaks 60 percent more methane than government says: study
Jun 21, 2018 (AFP)
US industry emits some 13 million metric tons each year, far more than the amount estimated by the US Environmental Protection Agency (EPA), said the findings p...
Oil potential in West Africa building
Jun 21, 2018 (UPI)
The British company, focused on West Africa, said Friday it completed its third well in a drilling campaign in Niger. Drilling in the well, dubbed Kunama-1, was...
Shell continues divestment streak with Thai gas sale
Jun 21, 2018 (UPI)
Shell's natural gas subsidiary said it sold its 22.2 percent stake in the Bongkot field to Thai company PTT Exploration & Production Public Co. Ltd., PTTEP, for...
Trump erases Obama-era offshore rules
Jun 21, 2018 (UPI)
President Donald Trump signed an executive order Tuesday that supports access to marine data and encourages interaction among stakeholders in ocean, coastal, an...
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